1 North Wealth Services provides financial planning, portfolio management for individuals and small businesses, education planning, estate planning, insurance, retirement plan services, and tax planning. Financial planning was provided to 11–25 clients last fiscal year.
1 North Wealth Services reports 222 clients. They include 136 individual clients, 81 high-net-worth individuals, and 3 corporations and other businesses. Of its assets, 100.0% ($320M across 662 accounts) are managed with discretion. It advised 15 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 61% | 29% |
| High-net-worth individuals | 36% | 66% |
| Charitable organizations | <1% | 1% |
| Corporations and other businesses | 1% | 3% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 136 | $93.5M | 29.2% | $688K |
| High-net-worth individuals | 81 | $213M | 66.3% | $2.62M |
| Charitable organizations | Fewer than 5 | $3.94M | 1.2% | $1.97M |
| Corporations and other businesses | Fewer than 5 | $10.4M | 3.2% | $3.46M |
| Total | 222 | $320M | 100% | — |
- Clients
- 136
- Regulatory AUM
- $93.5M
- AUM share
- 29.2%
- Avg. per client
- $688K
- Clients
- 81
- Regulatory AUM
- $213M
- AUM share
- 66.3%
- Avg. per client
- $2.62M
- Clients
- Fewer than 5
- Regulatory AUM
- $3.94M
- AUM share
- 1.2%
- Avg. per client
- $1.97M
- Clients
- Fewer than 5
- Regulatory AUM
- $10.4M
- AUM share
- 3.2%
- Avg. per client
- $3.46M
Total
- Clients
- 222
- Regulatory AUM
- $320M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 15
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 11–25
1 North Wealth Services charges 0.60%–1.15% a year for its Investment Management Fees. Each asset band is charged at its own rate. The fee is billed in arrears, is negotiable, has a $2,500 annual minimum and requires an account of at least $500,000. The brochure also prices 2 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$500K | 1.15% |
| $500K–$1M | 0.80% |
| $1M and above | 0.60% |
Fee details and sources
Other fees
- Financial planning
- Hourly at $400 for project work, or a flat fee for ongoing service; currently $400 an hour to $3,200 a year, negotiable.
- Other advisory services
- Consultations, non-discretionary management, retirement plan analysis and similar services at $400 an hour, or a flat fee paid quarterly.
James Brennan owns 75% or more of 1 North Wealth Services. The leadership team of 1 North Wealth Services includes Chief Compliance Officer James Brennan. It has 5 employees.
Leadership
- James BrennanPrincipal/Chief Compliance Officer
Investment adviser representatives
6 representatives listed in the SEC register as of 9 October 2026.
- James Edward Brennan
- Mary Lucille Hughes
- John Edward Milchling
- Annika Lynn Mitchell
- Kathryn Leigh Putek
- Dimitri Sfakiyanudis
Staff
- 5 employees
- 5 in advisory functions
- 5 state-registered reps
- Owns 75% or more of 1 North Wealth Services, LLC
James Brennan
Control person · since February 2018
1 North Wealth Services’ regulatory assets grew from $246M (May 2021) to $320M (September 2026); clients rose from 211 to 222 and employees were 5 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| September 2026 | $320M | 222 | 5 | 1 |
| March 2025 | $278M | 212 | 6 | 1 |
| March 2024 | $273M | 218 | 4 | 1 |
| August 2023 | $261M | 225 | 4 | 1 |
| March 2022 | $264M | 219 | 5 | 1 |
| May 2021 | $246M | 211 | 5 | 1 |
Besides its headquarters, 1 North Wealth Services has 0 offices, with 1 listed address in Maryland.
Maryland · 1 listed address
- 1997 Annapolis Exchange Parkway, Suite 250, AnnapolisHQ
Contact and registration details
- Legal name
- 1 North Wealth Services, LLC
- Headquarters
- 1997 Annapolis Exchange Parkway, Suite 250, Annapolis, MD 21401
- Website
- 1northwealthservices.com
- Phone
- 410-975-0099
- View profile
- SEC file
- 801-60941
- Structure
- Maryland LLC
- Fiscal year end
- December
1 North Wealth Services uses Charles Schwab ($320M) as custodian for its separately managed accounts. 1 North Wealth Services has custody of $104M in client assets for 156 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $320M100%
At year end, 1 North Wealth Services’ separately managed accounts were mostly in stocks (86%). Its reported 13F holdings for the quarter ended 30 June 2026 total $306M across 309 positions; the largest are J P Morgan Exchange Traded F (5.7%), Janus Detroit Str TR (5.6%) and Vanguard Scottsdale Fds (5.3%).
What the accounts hold
- Stocks86%
- Funds7%
- Cash7%
Reported 13F holdings
- $306M
- Reported 13F value
- 309
- Positions
- 46.2%
- In the 10 largest
- +10.5%
- Value vs. prior quarter
- J P Morgan Exchange Traded F · Equity Premium5.7%
- Janus Detroit Str TR · Hendrson Aaa CL5.6%
- Vanguard Scottsdale Fds · Int-term Corp.5.3%
- Ssga Active ETF TR · ST Str Total ETF4.9%
- Pgim ETF TR · Pgim Ultra SH BD4.6%
- iShares TR · JPMORGAN Usd Emg4.6%
- Blackrock ETF Trust II · Isha Flex IN ETF4.6%
- iShares TR · Core S&P Mcp ETF3.8%
- iShares Inc. · MSCI Emrg Chn3.6%
- SPDR Gold TR · Gold Shs3.5%
Together, the ten largest are 46.2% of reported value.
How many clients does 1 North Wealth Services have?
1 North Wealth Services has 222 clients and manages $320 million for them, as of September 2026. They include 136 individual clients, 81 high-net-worth individuals, and 3 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 September 2026
What services does 1 North Wealth Services offer?
1 North Wealth Services provides financial planning, portfolio management for individuals and small businesses, education planning, estate planning, insurance, retirement plan services, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does 1 North Wealth Services charge?
1 North Wealth Services charges 0.60%–1.15% a year for its Investment Management Fees. Each asset band is charged at its own rate. The fee is billed in arrears, is negotiable, has a $2,500 annual minimum and requires an account of at least $500,000.
Which custodians does 1 North Wealth Services use?
1 North Wealth Services’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $320M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 September 2026
How many financial advisors does 1 North Wealth Services have?
1 North Wealth Services has 5 investment adviser representatives registered with state securities authorities, out of 5 employees, and 5 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does 1 North Wealth Services invest in?
At the end of its last fiscal year, 1 North Wealth Services’ separately managed accounts held 86% exchange-traded equities, 7% registered funds (mutual funds, ETFs, BDCs) and 7% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does 1 North Wealth Services have a minimum investment?
Yes, 1 North Wealth Services’ minimum account size for its Investment Management Fees is $500K. It charges a $2.5K annual minimum fee.
Who owns 1 North Wealth Services?
1 North Wealth Services’ direct owner is James Brennan (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 24 September 2026
How does 1 North Wealth Services get paid?
1 North Wealth Services is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is 1 North Wealth Services registered with the SEC?
Yes, 1 North Wealth Services has been registered with the SEC as an investment adviser since 22 February 2002. Its CRD number is 115948 and its SEC file number is 801-60941.
Source: Form ADV Part 1A, Item 1, filed 24 September 2026; IAPD firm record
How do I contact 1 North Wealth Services?
1 North Wealth Services’ main office is at 1997 Annapolis Exchange Parkway, Suite 250, Annapolis, MD 21401. Its phone number is 410-975-0099. Its website is 1northwealthservices.com.