{"url":"https://nivawealth.com/firms/1919-investment-counsel-133370","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/133370","regulatoryAum":26036166216,"crd":"133370","secFileNumber":"801-63656","legalName":"1919 Investment Counsel, LLC","displayName":"1919 Investment Counsel","website":null,"linkedinUrl":"http://www.linkedin.com/company/1919investmentcounsel","founded":null,"organization":"Maryland limited liability company","fiscalYearEnd":"December","headquarters":{"street":"One South Street, Suite 2500","city":"Baltimore","state":"MD","stateName":"Maryland","country":"United States","postalCode":"21202"},"tradeNames":["Arthur Karafin Investment Advisors, A Department of 1919 Investment Counsel, LLC"],"registration":{"secApproved":"24 November 2004","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":131,"advisory":52,"brokerDealerReps":0,"insuranceAgents":0,"promoters":17},"aum":{"discretionary":25942155978,"discretionaryAccounts":5140,"nonDiscretionary":94010238,"nonDiscretionaryAccounts":29,"wrapProgram":1584819708,"nonUsClientsPct":1,"nonAumClients":6},"clientTypes":[{"label":"Individuals (other than HNW)","clients":2213,"regulatoryAum":1015405892},{"label":"High-net-worth individuals","clients":2653,"regulatoryAum":18840060771},{"label":"Investment companies","clients":2,"regulatoryAum":1048458042},{"label":"Pension and profit-sharing plans","clients":50,"regulatoryAum":962275770},{"label":"Charitable organizations","clients":146,"regulatoryAum":2370889506},{"label":"State or municipal government entities","clients":3,"regulatoryAum":40193509},{"label":"Corporations and other businesses","clients":102,"regulatoryAum":1758882726}],"fees":[],"feeNotes":[],"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":5750530498},{"name":"Fidelity Brokerage Services LLC","shortName":"Fidelity","location":"Smithfield, RI","smaAssets":5468963363},{"name":"U.S. Bancorp Investments, Inc.","shortName":"U.S. Bancorp Investments","location":"Minneapolis, MN","smaAssets":2541061679},{"name":"Citigroup Private Bank","shortName":"Citigroup Private Bank","location":"New York, NY","smaAssets":2638670820}],"custodyNote":"1919 Investment Counsel has custody of $23.08B for 4,359 clients.","otherCustodians":[],"leadership":[{"name":"Harry Omealia","title":"President and Chief Executive Officer, Managing Member","crd":"3178194"},{"name":"Michael Spero","title":"Chief Compliance Officer","crd":"4638465"},{"name":"Paul Benziger","title":"Managing Member","crd":"1235190"},{"name":"Nell Kelleher","title":"Director of Operations and Administration","crd":"5170722"},{"name":"Charles King","title":"Managing Member","crd":"1360425"},{"name":"Faith Mutunga","title":"Director of Finance","crd":"8064266"}],"ownership":[{"label":"Stifel Financial Corp.","detail":"Sole member in the 75% or more ownership band and a control person, since January 2016."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":8,"privateResidences":0},"listedOfficeAddresses":9,"officesByState":[{"state":"Alabama","offices":1,"addresses":[{"street":"2311 Highland Avenue South","city":"Birmingham"}]},{"state":"California","offices":1,"addresses":[{"street":"49 Stevenson Street","city":"San Francisco"}]},{"state":"Florida","offices":1,"addresses":[{"street":"4445 North A1a","city":"Vero Beach"}]},{"state":"Maryland","offices":1,"addresses":[{"street":"One South Street, Suite 2500","city":"Baltimore","headquarters":true}]},{"state":"New York","offices":1,"addresses":[{"street":"787 Seventh Avenue","city":"New York"}]},{"state":"North Carolina","offices":1,"addresses":[{"street":"6100 Fairview","city":"Charlotte"}]},{"state":"Ohio","offices":1,"addresses":[{"street":"600 Vine Street","city":"Cincinnati"}]},{"state":"Pennsylvania","offices":2,"addresses":[{"street":"Two Logan Square","city":"Philadelphia"},{"street":"Two Logan Square","city":"Philadelphia"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"410-454-2171","stateRegisteredReps":32,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)","Other"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for investment companies","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Selection of other advisers (including private fund managers)","Other"],"financialPlanningClients":"251-500","assetMix":[{"label":"Exchange-traded equity securities","percent":62},{"label":"Non-exchange-traded equity securities","percent":1},{"label":"U.S. government/agency bonds","percent":8},{"label":"U.S. state and local bonds","percent":10},{"label":"Investment grade corporate bonds","percent":5},{"label":"Securities issued by registered investment companies or business development companies","percent":10},{"label":"Cash and cash equivalents","percent":4}],"privateFunds":0},"sources":{"adv1FilingDate":"27 August 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/133370/PDF/133370.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does 1919 Investment Counsel have?","answer":"1919 Investment Counsel has 5,169 clients and manages $26 billion for them, as of August 2026. They include 2,653 high-net-worth individuals, 2,213 other individuals and 146 charitable organizations.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 27 August 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does 1919 Investment Counsel offer?","answer":"1919 Investment Counsel provides financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutions, pension consulting, selecting other managers and other activities.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does 1919 Investment Counsel use?","answer":"1919 Investment Counsel’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $5,750,530,498, Fidelity Brokerage Services LLC (Smithfield, RI), with $5,468,963,363, Citigroup Private Bank (New York, NY), with $2,638,670,820 and U.S. Bancorp Investments, Inc. (Minneapolis, MN), with $2,541,061,679. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 August 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does 1919 Investment Counsel have?","answer":"1919 Investment Counsel has 32 investment adviser representatives registered with state securities authorities, out of 131 employees, and 52 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does 1919 Investment Counsel invest in?","answer":"At the end of its last fiscal year, 1919 Investment Counsel’s separately managed accounts held 62% exchange-traded equities, 10% state and local bonds, 10% registered funds (mutual funds, ETFs, BDCs), 8% U.S. government and agency bonds, 5% investment grade corporate bonds, 4% cash and equivalents and 1% non-exchange-traded equities. It advises no private funds of its own.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns 1919 Investment Counsel?","answer":"1919 Investment Counsel’s direct owner is Stifel Financial Corp. (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 27 August 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does 1919 Investment Counsel get paid?","answer":"1919 Investment Counsel is paid through a percentage of assets under management, fixed fees and other arrangements. 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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}