DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
1919 Investment Counsel, LLC
Latest filing Aug 27, 2026
First filing on the tape Dec 22, 2011 · 63 filings
SEC status approved since Nov 24, 2004
RAUM
$26B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
76%
$20B individuals and HNW
Advisors
30
registered through the firm on IAPD
RAUM per advisor
$868M
derived; firm RAUM over IAPD count
Employees
131
52 advisory (5.B.1)
Offices
8
beyond the principal office
Private funds
0
reported on Schedule D
History
63 filings and snapshots on the tape
RAUM$26B as of Aug 27, 2026
Jun 29, 2012$6.6B then
HNW client RAUM$19B as of Aug 27, 2026
Mar 29, 2018$6.9B then
State-registered IARs (5.B.3)32 as of Aug 27, 2026
Jun 28, 201317 then
Employees (5.A)131 as of Aug 27, 2026
Jun 28, 2013106 then
Private funds1 as of Mar 31, 2017
May 23, 20141 then
RAUM +8.6% over the last fiscal year+14% a year over threeIARs 32 to 32
Practice profile
derived from the filing of Aug 27, 2026; every figure names its basis
Archetypes, each a printed rule
- Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
- RAUM per advisor
- $868MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 162derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $7.1MderivedHNW RAUM over HNW clients
- Average account
- $5.0MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 13%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 4.4derivedItem 5.A over advisors
- Advisors per office
- 3.3derived9 offices incl. principal (1.F.5)
- RAUM growth, one year
- +8.6%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +0.8%derived
- Compensation
- percentage of assets, fixed fees, otherreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for investment companies, pension consulting, selection of other advisers, otherreportedItem 5.G
- Wrap fee program
- participatesreportedItem 5.I
- Custody
- $23B, 4,359 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- an independent public accountant performs a surprise examination (9.C.1)
- a related person acts as qualified custodian (9.D.2)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$19B72%
- Charitable organizations$2.4B9.1%
- Corporations and businesses$1.8B6.8%
- Investment companies$1.0B4.0%
- Individuals$1.0B3.9%
- Pension and profit-sharing plans$962M3.7%
- State and municipal entities$40.2M0.2%
- Individual clients
- 2,213reported
- HNW clients
- 2,653reported
- Pension plan clients
- 50reported
- Charitable clients
- 146reported
- Accounts
- 5,169reported
- Financial planning clients
- 251-500reported
- Wrap fee programs
- $0 sponsored, $1.6B managedreported
- Custody of client assets
- $23B for 4,359 clientsreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.76 fund_share=0.04 institutional_share=0.13 related_bd=true related_bank=true bd_reps=0.0 bank_owner=falsederived
Advisors registered through the firm
30 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Ronald Timothy Bates | Cincinnati, Oh | Jan 4, 2005 | 29 y | 1 |
| Michael Olin Clark | Philadelphia, Pa | Jan 4, 2005 | 31 y | 1 |
| Elizabeth Baird Walton | New York, Ny | Jan 4, 2005 | 37 y | 1 |
| Paul Joseph Benziger | New York, Ny | Jan 4, 2005 | 42 y | 1 |
| Charles Coleman King | Philadelphia, Pa | Jan 5, 2005 | 33 y | 1 |
| Robert Scott Pierce | Baltimore, Md | Sep 4, 2007 | 32 y | 1 |
| Meredith Anne Mowen | Baltimore, Md | Sep 20, 2007 | 23 y | 1 |
| Arthur Sheldon Karafin | Baltimore, Md | Oct 11, 2007 | 25 y | 1 |
| Jeffrey K PengChartered Financial Analyst | Baltimore, Md | Nov 5, 2007 | 19 y | 0 |
| John Vincent ReillyChartered Financial Analyst | Philadelphia, Pa | Nov 28, 2011 | 21 y | 0 |
| Aimee Mah Eudy | Baltimore, Md | Sep 28, 2012 | 28 y | 0 |
| Miller S Kreider | Birmingham, Al | Sep 23, 2015 | 15 y | 2 |
| Benjamin Hanson Slaughter | Birmingham, Al | Jan 8, 2016 | 22 y | 1 |
| Ann Damon Haas | Birmingham, Al | Jan 15, 2016 | 33 y | 2 |
| Robert Paul HuesmanCertified Financial Planner | Cincinnati, Oh | Jan 28, 2016 | 19 y | 0 |
| Lauren Kathleen KriegerChartered Financial Analyst | Baltimore, Md | Feb 4, 2016 | 14 y | 0 |
| Desislava V. LocherChartered Financial Analyst | Baltimore, Md | Mar 7, 2016 | 14 y | 0 |
| Andrew Jerome RandCertified Financial Planner | San Francisco, Ca | Oct 2, 2018 | 31 y | 5 |
| John Russell Roberson | San Francisco, Ca | Oct 3, 2018 | 40 y | 5 |
| Erika De La Rosa Hennessey | San Francisco, Ca | Oct 3, 2018 | 12 y | 1 |
| James Joseph O'ConnorCertified Financial Planner, Chartered Financial Analyst | San Francisco, Ca | Oct 3, 2018 | 25 y | 2 |
| Lawrence V Zartarian | San Francisco, Ca | Oct 3, 2018 | 26 y | 4 |
| Elizabeth Ann Juson | San Francisco, Ca | Oct 4, 2018 | 26 y | 5 |
| John Raleigh Haas | Birmingham, Al | Nov 14, 2022 | 12 y | 0 |
| Paul Benjamin Clark | San Francisco, Ca | Dec 14, 2022 | 19 y | 6 |
| Richard Keith Marrone | Charlotte, Nc | Dec 18, 2022 | 15 y | 7 |
| Michael Anthony McandrewChartered Financial Analyst | Baltimore, Md | Jan 4, 2023 | 12 y | 0 |
| Adrian Michael SchauCertified Financial Planner | Cincinnati, Oh | Apr 27, 2023 | 15 y | 1 |
| Jennifer W Evans | Birmingham, Al | Jan 23, 2025 | 13 y | 0 |
| Braxton Bragg Comer | Birmingham, Al | Jan 26, 2026 | 22 y | 0 |
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 3.3% of current headcount2 left over 36 months
Left, latest
- Kevin T Karrh to Indivisible PartnersJan 8, 2026 · RIA to RIA
- Ashley Summers Tabb to Oakworth Asset Management, LLCJul 28, 2025 · RIA to a newly registered adviser
- Michael Louis Masterson to Masterson Investment CounselApr 2, 2020 · RIA to a state-registered adviser
- William Michael Smith to Maryland Capital Management, LLCAug 8, 2014 · Other
- Robert George Hagstrom to Equitycompass Investment Management, LLCFeb 14, 2014 · Other
- Townsend Hornor to Baltimore-Washington Financial AdvisorsApr 1, 2013 · Other
- Michael Anderson Coombe to Robert W. Baird & Co. IncorporatedMar 27, 2012 · Other
- Steven Douglas Schoneman to Cerity Partners LLCApr 1, 2010 · Other
- Douglas Carl Nardi to Cerity Partners LLCApr 1, 2010 · Other
- Jeffrey Larkin Caples to Maryland Capital Management, LLCDec 18, 2008 · Other
- James Peter Gauthier to Blackrock Investment Management, LLCDec 17, 2007 · Other
Joined, latest
- Adrian Michael Schau from Legacy Financial Advisors, Inc.Apr 27, 2023 · RIA to RIA
- Richard Keith Marrone from Washington Crossing Advisors LLCDec 18, 2022 · RIA to RIA
- Paul Benjamin Clark from Washington Crossing Advisors LLCDec 14, 2022 · RIA to RIA
- Kevin T Karrh from Stifel, Nicolaus & Company, IncorporatedOct 7, 2019 · Affiliated broker-dealer or bank to independent RIA
- Elizabeth Ann Juson from Rand & AssociatesOct 4, 2018 · RIA to RIA
- Lawrence V Zartarian from Rand & AssociatesOct 3, 2018 · RIA to RIA
- James Joseph O'Connor from Rand & AssociatesOct 3, 2018 · RIA to RIA
- Erika De La Rosa Hennessey from Rand & AssociatesOct 3, 2018 · RIA to RIA
- John Russell Roberson from Rand & AssociatesOct 3, 2018 · RIA to RIA
- Andrew Jerome Rand from Rand & AssociatesOct 2, 2018 · RIA to RIA
- Ann Damon Haas from Sterne Agee Asset Management, Inc.Jan 15, 2016 · Other
- Benjamin Hanson Slaughter from Porter White Investment Advisors, Inc.Jan 8, 2016 · Other
- Miller S Kreider from Stifel, Nicolaus & Company, IncorporatedSep 23, 2015 · Other
- Ashley Summers Tabb from Sterne Agee Asset Management, Inc.Sep 17, 2015 · Other
- Robert George Hagstrom from Clearbridge InvestmentsDec 4, 2012 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 joined from Washington Crossing Advisors LLCMar 31, 2023 · San Francisco, Ca
- 6 joined from Rand & AssociatesOct 5, 2018 · Baltimore, Md · Firm absorbed
Private funds
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Special Investment Series Fund, LLCno longer reported | Hedge Fund | $212,987 | 0 | May 23, 2014 |
Owners and control persons
Schedule A and B, latest filing
- Martina Reshma Ballie Mcgowan · Chief Compliance Officercontrolsince 09/2021 · owns less than 5%
- Joseph Paul Benziger · Managing Membercontrolsince 01/2005 · owns less than 5%
- Paul Brian Gallagher · Chief Administrative Officercontrolsince 03/2019 · owns less than 5%
- Harding Nell Kelleher · Director Of Operations And Administrationcontrolsince 08/2025 · owns less than 5%
- Coleman Charles King · Managing Membercontrolsince 01/2005 · owns less than 5%
- Mbeneka Faith Mutunga · Director Of Financecontrolsince 05/2024 · owns less than 5%
- Harry Omealia · President And Chief Executive Officer, Managing Membercontrolsince 01/2005 · owns less than 5%
- Mary Margaret Pasquarella · Chief Financial Officercontrolsince 10/2014 · owns less than 5%
- Alexander Michael Spero · Chief Compliance Officercontrolsince 04/2026 · owns less than 5%
Entity owners
- Stifel Financial Corp. · Sole Memberdirect · owns 75% or more · public reporting company
Related persons
Schedule D 7.A
- Csa Insurance Agency, Incorporatedreal estaten
- Eaton Partners (Uk) Llpbroker-dealern
- Equitycompass Investment Management, LLCinvestment adviserbanknRAUM $221M
- Stifel Wealth Trackerinvestment advisern
- Kcp Fund General Parterna LLCpooled vehicle sponsorn
- Keefe, Bruyette & Woods, Inc.broker-dealern
- Sierra Pacific Securities, LLCbroker-dealern
- Stifel Access Services LLCpooled vehicle sponsorn
- Stifel Bank & Trust, National Associationn
- Stifel Bank, National Associationn
- Stifel Capital Management, LLCinvestment advisernRAUM $4.2B
- Stifel Europe Bank Agbroker-dealern
- Stifel Hong Kong Limitedbroker-dealern
- Stifel Independent Advisors, LLCbroker-dealerinvestment adviserreal estatenRAUM $5.0B
- Stifel Nicolaus Canada Inc.broker-dealern
- Stifel Nicolaus Europe Limitedbroker-dealern
- Stifel Nicolaus Insurance Agency, Incorporatedreal estaten
- Stifel Nicolaus Israel Ltd.broker-dealern
- Stifel Schweiz Agbroker-dealern
- Stifel Trust Company Delaware, National Associationn
- Stifel Trust Company, National Associationbroker-dealercustodiann
- Stifel, Nicolaus & Company, Incorporatedbroker-dealerinvestment adviserbankpooled vehicle sponsorreal estatecustodiannRAUM $198B
- Washington Crossing Advisors LLCinvestment advisernRAUM $2.0B
Advisers that list 1919 Investment Counsel, LLC as a related person
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Baltimore, Md · principal | 9 | 0 | 0 | ||
| San Francisco, Ca | 7 | 0 | 0 | ||
| Birmingham, Al | 6 | 1 | 0 | ||
| Philadelphia, Pa | 4 | 0 | 0 | ||
| Cincinnati, Oh | 3 | 0 | 0 | ||
| New York, Ny | 2 | 0 | 0 | ||
| Frisco, Tx | 0 | 0 | 1 |
Offices
Schedule D 1.F, the 25 largest
- New York, NY14 employees
- Birmingham, AL9 employees
- San Francisco, CA7 employees
- Philadelphia, PA6 employees
- Cincinnati, OH3 employees
- Houston, TX1 employees
- Charlotte, NC1 employees
- Vero Beach, FL1 employees
ADV anomalies
7 against comparable advisers; where to look, not conclusions
- control person changedChange between filings · filing Aug 27, 2026MUTUNGA, FAITH, MBENEKA (DIRECTOR OF FINANCE) appeared on Schedule A between the filings of 2021-10-12 and 2026-08-27peers: independent wealth managers, $20B and over (84)
- control person changedChange between filings · filing Aug 27, 2026Spero, Michael, Alexander (CHIEF COMPLIANCE OFFICER) appeared on Schedule A between the filings of 2021-10-12 and 2026-08-27peers: independent wealth managers, $20B and over (84)
- control person changedChange between filings · filing Aug 27, 2026KELLEHER, NELL, HARDING (DIRECTOR OF OPERATIONS AND ADMINISTRATION) appeared on Schedule A between the filings of 2021-10-12 and 2026-08-27peers: independent wealth managers, $20B and over (84)
- control person changedChange between filings · filing Aug 27, 2026BALLIE MCGOWAN, RESHMA, MARTINA (CHIEF COMPLIANCE OFFICER) left Schedule A between the filings of 2021-10-12 and 2026-08-27peers: independent wealth managers, $20B and over (84)
- control person changedChange between filings · filing Aug 27, 2026PASQUARELLA, MARGARET, MARY (CHIEF FINANCIAL OFFICER) left Schedule A between the filings of 2021-10-12 and 2026-08-27peers: independent wealth managers, $20B and over (84)
- control person changedChange between filings · filing Aug 27, 2026GALLAGHER, BRIAN, PAUL (CHIEF ADMINISTRATIVE OFFICER) left Schedule A between the filings of 2021-10-12 and 2026-08-27peers: independent wealth managers, $20B and over (84)
- account count collapseChange between filings · filing Apr 10, 2026accounts (Item 5.F.2.f) moved from 8,143.0 to 5,169.0 (-37.0%) between the annual amendments of 2025-04-03 and 2026-04-10; the peer median change was +7.0% (76 comparable advisers, 5.0th percentile of changes)peers: independent wealth managers, $20B and over (76) · 5.3% percentile
What changed
consecutive filings, newest first
- Accounts · 8,143 to 5,169Jan 22, 2026 to Mar 25, 2026
- Advisory employees · 53 to 52Jan 22, 2026 to Mar 25, 2026
- BD registered reps · 1 to 0Jan 22, 2026 to Mar 25, 2026
- Charity clients · 149 to 146Jan 22, 2026 to Mar 25, 2026
- Corporate clients · 100 to 102Jan 22, 2026 to Mar 25, 2026
- HNW clients · 2,664 to 2,653Jan 22, 2026 to Mar 25, 2026
- Individual clients · 2,165 to 2,213Jan 22, 2026 to Mar 25, 2026
- Pension plan clients · 54 to 50Jan 22, 2026 to Mar 25, 2026
- Assets in custody · $21B to $23BJan 22, 2026 to Mar 25, 2026
- Employees · 133 to 131Jan 22, 2026 to Mar 25, 2026
- Insurance-licensed employees · 1 to 0Jan 22, 2026 to Mar 25, 2026
- Discretionary RAUM · $24B to $26BJan 22, 2026 to Mar 25, 2026
- HNW RAUM · $17B to $19BJan 22, 2026 to Mar 25, 2026
- Individual RAUM · $874M to $1.0BJan 22, 2026 to Mar 25, 2026
- Non-discretionary RAUM · $83.2M to $94.0MJan 22, 2026 to Mar 25, 2026
- Pension RAUM · $902M to $962MJan 22, 2026 to Mar 25, 2026
- RAUM · $24B to $26BJan 22, 2026 to Mar 25, 2026
- Wrap assets (manager) · $1.6B to $1.6BJan 22, 2026 to Mar 25, 2026
- Financial planning clients · 251-500 to 251-500Apr 3, 2025 to Jun 13, 2025
- Accounts · 5,142 to 8,143Mar 27, 2024 to Apr 3, 2025
- Advisory employees · 63 to 53Mar 27, 2024 to Apr 3, 2025
- Charity clients · 150 to 149Mar 27, 2024 to Apr 3, 2025
- Corporate clients · 102 to 100Mar 27, 2024 to Apr 3, 2025
- HNW clients · 2,514 to 2,664Mar 27, 2024 to Apr 3, 2025
- Individual clients · 2,300 to 2,165Mar 27, 2024 to Apr 3, 2025
- Pension plan clients · 59 to 54Mar 27, 2024 to Apr 3, 2025
- Assets in custody · $19B to $21BMar 27, 2024 to Apr 3, 2025
- Employees · 136 to 133Mar 27, 2024 to Apr 3, 2025
- State-registered IARs · 35 to 32Mar 27, 2024 to Apr 3, 2025
- Other offices · 9 to 8Mar 27, 2024 to Apr 3, 2025
- Discretionary RAUM · $21B to $24BMar 27, 2024 to Apr 3, 2025
- HNW RAUM · $15B to $17BMar 27, 2024 to Apr 3, 2025
- Individual RAUM · $955M to $874MMar 27, 2024 to Apr 3, 2025
- Non-discretionary RAUM · $67.2M to $83.2MMar 27, 2024 to Apr 3, 2025
- Pension RAUM · $828M to $902MMar 27, 2024 to Apr 3, 2025
- RAUM · $21B to $24BMar 27, 2024 to Apr 3, 2025
- Wrap assets (manager) · $1.7B to $1.6BMar 27, 2024 to Apr 3, 2025
- Accounts · 7,294 to 5,142Mar 31, 2023 to Mar 27, 2024
- Advisory employees · 58 to 63Mar 31, 2023 to Mar 27, 2024
- BD registered reps · 2 to 1Mar 31, 2023 to Mar 27, 2024
Signals
12 dated events
- Kevin T Karrh left 1919 Investment Counsel, Llc for Indivisible Partners (registered 2025-12-09)Jan 8, 2026 · Advisor changed firm · fact
- Ashley Summers Tabb left 1919 Investment Counsel, Llc for Oakworth Asset Management, Llc (registered 2025-07-01)Jul 28, 2025 · Advisor changed firm · fact
- 2 advisors left Washington Crossing Advisors LLC (San Francisco, CA) for 1919 Investment Counsel, LLC on the same dayMar 31, 2023 · Team lift-out · derived
- Martina Reshma Ballie Mcgowan (Chief Compliance Officer) appeared on Schedule A of 1919 Investment Counsel, LlcOct 12, 2021 · Control person joined · fact
- Joseph Gregory Keifer (Chief Compliance Officer) no longer on Schedule A of 1919 Investment Counsel, Llc (listed 2021-07-12, absent 2021-10-12)Oct 12, 2021 · Control person left · inference
- Joseph Gregory Keifer (Chief Compliance Officer) appeared on Schedule A of 1919 Investment Counsel, LlcJul 12, 2021 · Control person joined · fact
- P Christopher Hayes (Chief Compliance Officer) no longer on Schedule A of 1919 Investment Counsel, Llc (listed 2021-03-30, absent 2021-07-12)Jul 12, 2021 · Control person left · inference
- 1919 Investment Counsel, Llc reported RAUM $15.1B, up 28% from $11.8B (2019-09-12 to 2020-03-30)Mar 30, 2020 · RAUM change · derived
- P Christopher Hayes (Chief Compliance Officer) appeared on Schedule A of 1919 Investment Counsel, LlcSep 12, 2019 · Control person joined · fact
- Anne Elizabeth Watkins (Chief Compliance Officer) no longer on Schedule A of 1919 Investment Counsel, Llc (listed 2019-05-20, absent 2019-09-12)Sep 12, 2019 · Control person left · inference
- Anne Elizabeth Watkins (Chief Compliance Officer) appeared on Schedule A of 1919 Investment Counsel, LlcApr 15, 2019 · Control person joined · fact
- Patrick Michael Scanlon (Chief Compliance Officer) no longer on Schedule A of 1919 Investment Counsel, Llc (listed 2019-03-29, absent 2019-04-15)Apr 15, 2019 · Control person left · inference
Across DFX
shared identifiers only, never a name match
- 1919 Investment Counsel, LLC · Family Officesshared crd · office
- Legg Mason Investment Counsel, LLC · Private Equityshared crd · intermediary
How to reach
public business contact points only, each with its source
- Firm profile
- LINKEDIN.COM/COMPANY/1919INVESTMENTCOUNSELreportedpublic record, Form ADV, Sep 17, 2026
- Website
- Instagram.@1919INVESTMENTCOUNSELreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 410-454-2171reportedpublic record, Form ADV, Aug 27, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $868Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026