{"url":"https://nivawealth.com/firms/godshalk-welsh-capital-management-106410","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/106410","regulatoryAum":290498677,"crd":"106410","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"2187819","suffix":null,"lastName":"WELSH","firstName":"MATTHEW","middleName":"WILLIAM"}],"total":1,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-29","regulatoryAum":250240859,"clients":114,"employees":3,"offices":1},{"filedOn":"2022-04-21","regulatoryAum":281076292,"clients":109,"employees":3,"offices":1},{"filedOn":"2023-03-31","regulatoryAum":253642196,"clients":109,"employees":2,"offices":1},{"filedOn":"2024-03-28","regulatoryAum":255258995,"clients":108,"employees":2,"offices":1},{"filedOn":"2025-03-25","regulatoryAum":275517080,"clients":107,"employees":2,"offices":1},{"filedOn":"2026-03-26","regulatoryAum":290498677,"clients":110,"employees":2,"offices":1}],"secFileNumber":"801-39857","legalName":"Godshalk Welsh Capital Management, Inc.","displayName":"Godshalk Welsh Capital Management","slug":"godshalk-welsh-capital-management-106410","website":"https://godshalkwelsh.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/3296442/","founded":"1991","organization":"Pennsylvania corporation","fiscalYearEnd":"December","headquarters":{"street":"170 N. 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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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Godshalk Welsh Capital Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Godshalk Welsh Capital Management charge?","answer":"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.","source":"DISCLOSURE BROCHURE, filed 25 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Godshalk Welsh Capital Management use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Godshalk Welsh Capital Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Godshalk Welsh Capital Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Godshalk Welsh Capital Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Godshalk Welsh Capital Management get paid?","answer":"Godshalk Welsh Capital Management is paid through a percentage of assets under management, hourly charges and fixed fees. 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