FSA Wealth Partners provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, education planning, estate planning, and tax planning. Financial planning was provided to 1–10 clients last fiscal year.
FSA Wealth Partners reports 698 clients. They include 467 individual clients and 231 high-net-worth individuals. Of its assets, 100.0% ($820M across 1,957 accounts) are managed with discretion. It advised 8 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 67% | 23% |
| High-net-worth individuals | 33% | 73% |
| Charitable organizations | Fewer than 5 | 4% |
| Corporations and other businesses | Fewer than 5 | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 467 | $191M | 23.3% | $408K |
| High-net-worth individuals | 231 | $596M | 72.7% | $2.58M |
| Charitable organizations | Fewer than 5 | $31.8M | 3.9% | — |
| Corporations and other businesses | Fewer than 5 | $1.46M | 0.2% | — |
| Total | 698 | $820M | 100% | — |
- Clients
- 467
- Regulatory AUM
- $191M
- AUM share
- 23.3%
- Avg. per client
- $408K
- Clients
- 231
- Regulatory AUM
- $596M
- AUM share
- 72.7%
- Avg. per client
- $2.58M
- Clients
- Fewer than 5
- Regulatory AUM
- $31.8M
- AUM share
- 3.9%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $1.46M
- AUM share
- 0.2%
- Avg. per client
- —
Total
- Clients
- 698
- Regulatory AUM
- $820M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 8
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
FSA Wealth Partners charges 0.65%–1.25% a year for its Investment Advisory Service Fees. Each asset band is charged at its own rate. The fee is billed in advance, is negotiable and has a $5,000 annual minimum. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$500K | 1.25% |
| $500K–$1.5M | 1.00% |
| $1.5M–$5M | 0.75% |
| $5M and above | 0.65% |
Fee details and sources
Other fees
- Stand-alone financial planning and consulting
- Stand-alone financial planning and consulting is negotiable, a flat fee or an hourly rate from $150 to $450 per hour.
James Joseph owns 50% to 75% of FSA Wealth Partners. The leadership team of FSA Wealth Partners includes President James Joseph and Chief Investment Officer Ronald Rough. It has 16 employees, 9 of them in advisory roles.
Leadership
James JosephPresident/Treasurer Chief Compliance Officer & Partner
Kimberly BasenbackDirector of Financial Planning & Partner- Kim DonohueSecretary
David PetersenFounding Partner
Ronald RoughChief Investment Officer & Partner
Investment adviser representatives
8 representatives listed in the SEC register as of 9 October 2026.
Staff
- 16 employees
- 9 in advisory functions
- 9 state-registered reps
- Owns 50% to 75% of Fsa Wealth Partners, Inc.
James Joseph
Control person · since January 2021
- Owns 25% to 50% of Fsa Wealth Partners, Inc.
Ronald Rough
Control person · since January 2021
- Owns 5% to 10% of Fsa Wealth Partners, Inc.
Kimberly Basenback
Control person · since April 2024
FSA Wealth Partners’ regulatory assets grew from $727M (July 2021) to $820M (April 2026); clients fell from 785 to 698 and employees rose from 14 to 16. Between 2010 and 2020, 2 advisory firms joined it. The most recent was Dolan Financial, in 2020.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| April 2026 | $820M | 698 | 16 | 1 |
| April 2025 | $770M | 707 | 15 | 1 |
| April 2024 | $694M | 719 | 16 | 1 |
| March 2023 | $708M | 774 | 13 | 1 |
| July 2022 | $843M | 790 | 13 | 1 |
| July 2021 | $727M | 785 | 14 | 1 |
Firms that joined
20201 joined
- Dolan FinancialNo filed AUM
20101 joined
- Applegate Investment ManagementNo filed AUM
Firms whose SEC withdrawal reports a sale to this firm, and deals reported in the press. Teams that moved without selling a registered firm may not appear.
Besides its headquarters, FSA Wealth Partners has 0 offices, with 1 listed address in Maryland.
Maryland · 1 listed address
- One Church Street, Suite 901, RockvilleHQ
Other business names
FSA Wealth Partners has reported 1 other business name to the SEC.
- Fsa
Contact and registration details
- Legal name
- Fsa Wealth Partners, Inc.
- Headquarters
- One Church Street, Suite 901, Rockville, MD 20850
- Website
- fsawealthpartners.com
- Phone
- 301-949-7300
- SEC file
- 801-18801
- Founded
- 1982
- Structure
- Maryland corporation
- Fiscal year end
- December
FSA Wealth Partners uses Charles Schwab ($808M) as custodian for its separately managed accounts. FSA Wealth Partners has custody of $60.2M in client assets for 74 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $808M100%
At year end, FSA Wealth Partners’ separately managed accounts were mostly in funds (63%) and stocks (34%). Its reported 13F holdings for the quarter ended 30 June 2026 total $399M across 69 positions; the largest are State Str SPDR S&P 500 ETF T (12.5%), iShares TR (10.7%) and iShares TR (9.1%).
What the accounts hold
- Stocks34%
- Funds63%
- Cash3%
Reported 13F holdings
- $399M
- Reported 13F value
- 69
- Positions
- 61.4%
- In the 10 largest
- +89.9%
- Value vs. prior quarter
- State Str SPDR S&P 500 ETF T · TR Unit12.5%
- iShares TR · Core S&P500 ETF10.7%
- iShares TR · Core S&P Scp ETF9.1%
- iShares TR · Global Tech ETF6.6%
- Invesco Exchange Traded FD T · S&P500 Eql Wgt4.7%
- Capital Group Dividend Value · Shs Creat Unit3.9%
- iShares TR · MSCI Acwi EX US3.9%
- Schwab Strategic TR · US Lcap VA ETF3.6%
- Legg Mason ETF Invt · Franklin Intl LW3.3%
- Invesco Exch Traded FD TR II · Nasdaq 100 ETF2.9%
Together, the ten largest are 61.4% of reported value.
How many clients does FSA Wealth Partners have?
FSA Wealth Partners has 698 clients and manages $820 million for them, as of April 2026. They include 467 individual clients and 231 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 April 2026
What services does FSA Wealth Partners offer?
FSA Wealth Partners provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, education planning, estate planning, 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 FSA Wealth Partners charge?
FSA Wealth Partners charges 0.65%–1.25% a year for its Investment Advisory Service Fees. Each asset band is charged at its own rate. The fee is billed in advance, is negotiable and has a $5,000 annual minimum.
Which custodians does FSA Wealth Partners use?
FSA Wealth Partners’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $808M. 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 April 2026
How many financial advisors does FSA Wealth Partners have?
FSA Wealth Partners has 9 investment adviser representatives registered with state securities authorities, out of 16 employees, and 9 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 FSA Wealth Partners invest in?
At the end of its last fiscal year, FSA Wealth Partners’ separately managed accounts held 63% registered funds (mutual funds, ETFs, BDCs), 34% exchange-traded equities and 3% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns FSA Wealth Partners?
FSA Wealth Partners’ direct owners are James Joseph (50% to 75%), Ronald Rough (25% to 50%) and Kimberly Basenback (5% to 10%).
Source: Form ADV Part 1A, Schedules A and B, filed 27 April 2026
How does FSA Wealth Partners get paid?
FSA Wealth Partners 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 FSA Wealth Partners registered with the SEC?
Yes, FSA Wealth Partners has been registered with the SEC as an investment adviser since 21 April 1983. Its CRD number is 104513 and its SEC file number is 801-18801.
Source: Form ADV Part 1A, Item 1, filed 27 April 2026; IAPD firm record
How do I contact FSA Wealth Partners?
FSA Wealth Partners’ main office is at One Church Street, Suite 901, Rockville, MD 20850. Its phone number is 301-949-7300. Its website is fsawealthpartners.com.