1919 Investment Counsel, LLC is a large advisory firm based in Baltimore. It manages $11.81 billion of regulatory assets for 5,337 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 46 other states.
1919 Investment Counsel provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, selection of other advisers, and nondiscretionary investment advice and certain family office services. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of 1919 Investment Counsel, LLC is $11.81 billion. The firm's AUM has grown by 49% since the beginning of its operation, and $255.48 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay 1919 Investment Counsel, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Paul Joseph Benziger is high net worth individuals with 1,617 clients and $6.75 billion of assets under management. Among the 6 most similar advisory firms, 1919 Investment Counsel has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $11.81 billion for 4,742 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
1919 Investment Counsel doesn't advise any private funds.
The company employs 121 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. 31 employees are registered as investment adviser representatives with the state securities authorities.
There are 18 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Paul Joseph Benziger has been acting as President since 1 Jan 2005. Christopher P Hayes joined the executive team most recently as the Chief Compliance Officer.
The principal office where 1919 Investment Counsel, LLC performs its advisory services is located at One South Street, Baltimore, MD 21202, which is also the mailing address of the firm. An additional office of the firm is in Birmingham, AL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 410-454-2171 or by fax 410-454-3154. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at 1919ic.com.