Godshalk Welsh Capital Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, estate planning, insurance, and tax planning. Financial planning was provided to 1–10 clients last fiscal year.
Godshalk Welsh Capital Management reports 110 clients. They include 72 high-net-worth individuals and 38 individual clients. Of its assets, 100.0% ($290M across 266 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 35% | 6% |
| High-net-worth individuals | 65% | 91% |
| Pension and profit-sharing plans | Fewer than 5 | 2% |
| Charitable organizations | 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) | 38 | $18.1M | 6.2% | $476K |
| High-net-worth individuals | 72 | $266M | 91.5% | $3.69M |
| Pension and profit-sharing plans | Fewer than 5 | $4.93M | 1.7% | — |
| Charitable organizations | Fewer than 5 | $1.77M | 0.6% | — |
| Total | 110 | $290M | 100% | — |
- Clients
- 38
- Regulatory AUM
- $18.1M
- AUM share
- 6.2%
- Avg. per client
- $476K
- Clients
- 72
- Regulatory AUM
- $266M
- AUM share
- 91.5%
- Avg. per client
- $3.69M
- Clients
- Fewer than 5
- Regulatory AUM
- $4.93M
- AUM share
- 1.7%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $1.77M
- AUM share
- 0.6%
- Avg. per client
- —
Total
- Clients
- 110
- Regulatory AUM
- $290M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Godshalk Welsh Capital Management charges 0.50%–1.00% a year for its Investment advisory services. The fee is billed in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial planning and consulting (stand-alone)
- Stand-alone financial planning and consulting is negotiable, generally $1,000 to $5,000 on a fixed fee basis or $200 per hour on an hourly basis.
Matthew Welsh owns 75% or more of Godshalk Welsh Capital Management. The leadership team of Godshalk Welsh Capital Management includes President Matthew Welsh. It has 2 employees, 1 of them in advisory roles.
Leadership
- Matthew WelshPresident, Chief Compliance Officer
Investment adviser representatives
1 representatives listed in the SEC register as of 9 October 2026.
- Matthew William Welsh
Staff
- 2 employees
- 1 in advisory functions
- 1 state-registered rep
- Owns 75% or more of Godshalk Welsh Capital Management, Inc.
Matthew Welsh
Control person · since December 2012
Godshalk Welsh Capital Management’s regulatory assets grew from $250M (March 2021) to $290M (March 2026); clients were 110 in both filings and employees fell from 3 to 2.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $290M | 110 | 2 | 1 |
| March 2025 | $276M | 107 | 2 | 1 |
| March 2024 | $255M | 108 | 2 | 1 |
| March 2023 | $254M | 109 | 2 | 1 |
| April 2022 | $281M | 109 | 3 | 1 |
| March 2021 | $250M | 114 | 3 | 1 |
Besides its headquarters, Godshalk Welsh Capital Management has 0 offices, with 1 listed address in Pennsylvania.
Pennsylvania · 1 listed address
- 170 N. Radnor Chester RD, Suite 100, RadnorHQ
Contact and registration details
- Legal name
- Godshalk Welsh Capital Management, Inc.
- Headquarters
- 170 N. Radnor Chester RD, Suite 100, Radnor, PA 19087-5221
- Website
- godshalkwelsh.com
- Phone
- 610-971-0202
- @3296442
- SEC file
- 801-39857
- Founded
- 1991
- Structure
- Pennsylvania corporation
- Fiscal year end
- December
Godshalk Welsh Capital Management uses Charles Schwab ($290M) as custodian for its separately managed accounts. Godshalk Welsh Capital Management has custody of $120M in client assets for 49 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $290M100%
At year end, Godshalk Welsh Capital Management’s separately managed accounts were largely in stocks (49%) and funds (26%). Its reported 13F holdings for the quarter ended 30 June 2026 total $186M across 137 positions; the largest are Apple Inc. (5.0%), Microsoft Corporation (4.0%) and Alphabet Inc. CL A (3.4%).
What the accounts hold
- Stocks49%
- Funds26%
- Bonds20%
- Investment grade corporate bonds17%
- State and local bonds3%
- Cash5%
Reported 13F holdings
- $186M
- Reported 13F value
- 137
- Positions
- 28.4%
- In the 10 largest
- +7.6%
- Value vs. prior quarter
- Apple Inc.5.0%
- Microsoft Corporation4.0%
- Alphabet Inc. CL A3.4%
- Costco Wholesale Corp.2.9%
- Berkshire Hathaway Inc. CL B2.4%
- Oracle Corp.2.3%
- Cisco Systems Inc.2.3%
- Alphabet Inc. CL C2.2%
- iShares Russell 2000 IndexETF2.1%
- iShares Ibonds Dec 2028 Term CETF2.0%
Together, the ten largest are 28.4% of reported value.
How many clients does Godshalk Welsh Capital Management have?
Godshalk Welsh Capital Management has 110 clients and manages $290 million for them, as of March 2026. They include 72 high-net-worth individuals and 38 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 March 2026
What services does Godshalk Welsh Capital Management offer?
Godshalk Welsh Capital Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, estate planning, insurance, 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 Godshalk Welsh Capital Management charge?
Godshalk Welsh Capital Management charges 0.50%–1.00% a year for its Investment advisory services. The fee is billed in arrears and is negotiable.
Which custodians does Godshalk Welsh Capital Management use?
Godshalk Welsh Capital Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $290M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 26 March 2026
How many financial advisors does Godshalk Welsh Capital Management have?
Godshalk Welsh Capital Management has 1 investment adviser representative registered with state securities authorities, out of 2 employees, and 1 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 Godshalk Welsh Capital Management invest in?
At the end of its last fiscal year, Godshalk Welsh Capital Management’s separately managed accounts held 49% exchange-traded equities, 26% registered funds (mutual funds, ETFs, BDCs), 17% investment grade corporate bonds, 5% cash and equivalents and 3% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Godshalk Welsh Capital Management?
Godshalk Welsh Capital Management’s direct owner is Matthew Welsh (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 26 March 2026
How does Godshalk Welsh Capital Management get paid?
Godshalk Welsh Capital 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
Is Godshalk Welsh Capital Management registered with the SEC?
Yes, Godshalk Welsh Capital Management has been registered with the SEC as an investment adviser since 18 September 1991. Its CRD number is 106410 and its SEC file number is 801-39857.
Source: Form ADV Part 1A, Item 1, filed 26 March 2026; IAPD firm record
How do I contact Godshalk Welsh Capital Management?
Godshalk Welsh Capital Management’s main office is at 170 N. Radnor Chester RD, Suite 100, Radnor, PA 19087-5221. Its phone number is 610-971-0202. Its website is godshalkwelsh.com.