Bay Harbor Wealth Management provides financial planning, portfolio management for individuals and small businesses, selecting other managers, education planning, estate planning, insurance, philanthropic planning, retirement plan services, and tax planning.
Bay Harbor Wealth Management reports 399 clients. They include 266 individual clients, 130 high-net-worth individuals, and 3 corporations and other businesses. Of its assets, 100.0% ($412M across 1,375 accounts) are managed with discretion. It advised 6 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 67% | 24% |
| High-net-worth individuals | 33% | 75% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 266 | $99.9M | 24.2% | $375K |
| High-net-worth individuals | 130 | $308M | 74.9% | $2.37M |
| Corporations and other businesses | Fewer than 5 | $3.72M | 0.9% | $1.24M |
| Total | 399 | $412M | 100% | — |
- Clients
- 266
- Regulatory AUM
- $99.9M
- AUM share
- 24.2%
- Avg. per client
- $375K
- Clients
- 130
- Regulatory AUM
- $308M
- AUM share
- 74.9%
- Avg. per client
- $2.37M
- Clients
- Fewer than 5
- Regulatory AUM
- $3.72M
- AUM share
- 0.9%
- Avg. per client
- $1.24M
Total
- Clients
- 399
- Regulatory AUM
- $412M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 6
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Bay Harbor Wealth Management charges up to 1.25% a year for its Asset Management Services. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial planning and consulting
- Financial planning and consulting are billed hourly up to $500 an hour, or as flat fees of $500 to $10,000.
Lance Scott owns 75% or more of Bay Harbor Wealth Management. The leadership team of Bay Harbor Wealth Management includes President Lance Scott. It has 6 employees, 4 of them in advisory roles.
Staff
- 6 employees
- 4 in advisory functions
- 4 state-registered reps
- 2 insurance agents
- Owns 75% or more of Bay Harbor Wealth Management, LLC
Lance Scott
Control person · since August 2018
Bay Harbor Wealth Management’s regulatory assets grew 1.9× from $217M (June 2021) to $412M (August 2026); clients rose from 333 to 399 and employees from 5 to 6.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Aug 2026August 2026 | $412M | 399 | 6 | 1 |
| Mar 2025March 2025 | $337M | 385 | 6 | 1 |
| Mar 2024March 2024 | $292M | 378 | 5 | 1 |
| Mar 2023March 2023 | $238M | 369 | 5 | 1 |
| Mar 2022March 2022 | $255M | 1,144 | 5 | 1 |
| Jun 2021June 2021 | $217M | 333 | 5 | 1 |
Besides its headquarters, Bay Harbor Wealth Management has 0 offices, with 1 listed address in 1 state.
Maryland · 1 listed address
- 201 International Circle, Suite 520, Hunt ValleyHQ
Contact and registration details
- Legal name
- Bay Harbor Wealth Management, LLC
- Headquarters
- 201 International Circle, Suite 520, Hunt Valley, MD 21030
- Website
- bayharborwealth.com
- Phone
- 410-403-2060
- @bayharborwealth
- SEC file
- 801-114123
- Founded
- 2011
- Structure
- Maryland LLC
- Fiscal year end
- December
Bay Harbor Wealth Management’s named custodian for separately managed accounts is Charles Schwab ($394M). Bay Harbor Wealth Management has custody of $79.8M for 197 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $394M100%
At year end, Bay Harbor Wealth Management’s separately managed accounts were mostly in funds (95%). Its reported 13F holdings for the quarter ended 30 June 2026 total $434M across 1,293 positions; the largest are iShares Core S&P 500 ETF (9.1%), Dimensional US Core Equity Market ETF (8.5%) and iShares Core Total Usd Bond Market ETF (6.3%).
What the accounts hold
- Funds95%
- Bonds2%
- Cash3%
How many clients does Bay Harbor Wealth Management have?
Bay Harbor Wealth Management has 399 clients and manages $412 million for them, as of August 2026. They include 266 individual clients, 130 high-net-worth individuals, and 3 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 4 August 2026
What services does Bay Harbor Wealth Management offer?
Bay Harbor Wealth Management provides financial planning, portfolio management for individuals and small businesses, selecting other managers, education planning, estate planning, insurance, philanthropic planning, 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 Bay Harbor Wealth Management charge?
Bay Harbor Wealth Management charges up to 1.25% a year for its Asset Management Services. The fee is billed in advance and is negotiable.
Source: BAY HARBOR WEALTH MANAGEMENT ADV PART 2A, filed 20 March 2026
Which custodians does Bay Harbor Wealth Management use?
Bay Harbor Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $394M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 4 August 2026
How many financial advisors does Bay Harbor Wealth Management have?
Bay Harbor Wealth Management has 4 investment adviser representatives registered with state securities authorities, out of 6 employees, and 4 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 employees are 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 Bay Harbor Wealth Management invest in?
At the end of its last fiscal year, Bay Harbor Wealth Management’s separately managed accounts held 95% registered funds (mutual funds, ETFs, BDCs), 3% cash and equivalents and 2% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Bay Harbor Wealth Management?
Bay Harbor Wealth Management’s direct owner is Lance Scott (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 4 August 2026
How does Bay Harbor Wealth Management get paid?
Bay Harbor Wealth Management 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
How do I contact Bay Harbor Wealth Management?
Bay Harbor Wealth Management’s main office is at 201 International Circle, Suite 520, Hunt Valley, MD 21030. Its phone number is 410-403-2060. Its website is bayharborwealth.com.
