Northbrook Financial Planning provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, and educational seminars. Financial planning was provided to 51–100 clients last fiscal year.
Northbrook Financial Planning reports 127 clients. They include 103 individual clients and 24 high-net-worth individuals. Of its assets, 100.0% ($109M across 474 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $36.8M.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 81% | 50% |
| High-net-worth individuals | 19% | 50% |
| Pension and profit-sharing plans | 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) | 103 | $54.1M | 49.7% | $525K |
| High-net-worth individuals | 24 | $54.4M | 50.0% | $2.27M |
| Pension and profit-sharing plans | Fewer than 5 | $320K | 0.3% | — |
| Total | 127 | $109M | 100% | — |
- Clients
- 103
- Regulatory AUM
- $54.1M
- AUM share
- 49.7%
- Avg. per client
- $525K
- Clients
- 24
- Regulatory AUM
- $54.4M
- AUM share
- 50.0%
- Avg. per client
- $2.27M
- Clients
- Fewer than 5
- Regulatory AUM
- $320K
- AUM share
- 0.3%
- Avg. per client
- —
Total
- Clients
- 127
- Regulatory AUM
- $109M
- 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
- 51–100
Northbrook Financial Planning charges 0.50%–1.00% a year for its Investment Management Services. Each asset band is charged at its own rate. The fee is billed in arrears, is negotiable and has a $10,000 annual minimum. The brochure also prices 3 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$1M | 1.00% |
| $1M–$2M | 0.75% |
| $2M and above | 0.50% |
Fee details and sources
Other fees
- Employee Benefit Plan Services
- Fees on plan assets: 0.50% up to $3,000,000, 0.40% to $5,000,000, 0.30% to $10,000,000 and 0.20% above, with a $10,000 minimum annual fee.
- Ongoing Comprehensive Financial Planning
- Ongoing financial planning has an upfront fee of $2,000, then a monthly fee of $800 to $5,000, paid in arrears and negotiable in certain cases.
- Retirement Income Planning
- Retirement income planning has an upfront fee of $2,000, then a monthly fee paid in arrears, negotiable in certain cases.
MDFP LLC owns 50% to 75% of Northbrook Financial Planning and is in turn owned by Michael Delaney (75% or more). Michael Delaney is CEO; the leadership team includes Chief Financial Officer Elliot Pepper. It has 8 employees, 2 of them in advisory roles.
Staff
- 8 employees
- 2 in advisory functions
- 2 state-registered reps
- Owns 50% to 75% of Northbrook Financial Planning LLC
MDFP LLC
Control person · since January 2025
- Owns 75% or more of MDFP LLC
Michael Delaney
Control person · since January 2025
- Owns 50% to 75% of Northbrook Financial Planning LLC
Northbrook Holdings, LLC
Control person · since January 2025
- Owns 75% or more of Northbrook Holdings, LLC
Elliot Pepper
Control person · since January 2025
Besides its headquarters, Northbrook Financial Planning has 0 offices, with 1 listed address in 1 state.
Maryland · 1 listed address
- 1340 Smith Ave Ste 200, BaltimoreHQ
Contact and registration details
- Legal name
- Northbrook Financial Planning LLC
- Headquarters
- 1340 Smith Ave Ste 200, Baltimore, MD 21209
- Website
- northbrookfinancial.com
- Phone
- 410-941-9709
- @northbrook-financial
- SEC file
- 801-136522
- Structure
- Maryland LLC
- Fiscal year end
- December
Northbrook Financial Planning’s named custodians for separately managed accounts are Charles Schwab ($81M, 74%), Altruist ($21.8M, 20%) and MTG ($6M, 6%). Northbrook Financial Planning does not have custody of client assets.
- AltruistAltruist Financial LLC · Venice, CA · $21.8M20%
- MTGMTG, LLC · New York, NY · $6M6%
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $81M74%
At year end, Northbrook Financial Planning’s separately managed accounts were mostly in stocks (50%) and funds (45%).
What the accounts hold
- Stocks50%
- Funds45%
- Bonds1%
- Cash4%
How many clients does Northbrook Financial Planning have?
Northbrook Financial Planning has 127 clients and manages $109 million for them, as of August 2026. They include 103 individual clients and 24 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 17 August 2026
What services does Northbrook Financial Planning offer?
Northbrook Financial Planning provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Northbrook Financial Planning charge?
Northbrook Financial Planning charges 0.50%–1.00% a year for its Investment Management Services. Each asset band is charged at its own rate. The fee is billed in arrears, is negotiable and has a $10,000 annual minimum.
Source: NORTHBROOK FINANCIAL ADV PART 2A, filed 17 August 2026
Which custodians does Northbrook Financial Planning use?
Northbrook Financial Planning’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $81M, Altruist Financial LLC (Venice, CA), with $21.8M and MTG, LLC (New York, NY), with $6M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 17 August 2026
How many financial advisors does Northbrook Financial Planning have?
Northbrook Financial Planning has 2 investment adviser representatives registered with state securities authorities, out of 8 employees, and 2 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 Northbrook Financial Planning invest in?
At the end of its last fiscal year, Northbrook Financial Planning’s separately managed accounts held 50% exchange-traded equities, 45% registered funds (mutual funds, ETFs, BDCs), 4% cash and equivalents and 1% 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 Northbrook Financial Planning?
Northbrook Financial Planning is owned through holding companies by Michael Delaney and Elliot Pepper. Its direct owners are MDFP LLC (50% to 75%) and Northbrook Holdings, LLC (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 17 August 2026
How does Northbrook Financial Planning get paid?
Northbrook Financial Planning is paid through a percentage of assets under management 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 Northbrook Financial Planning?
Northbrook Financial Planning’s main office is at 1340 Smith Ave Ste 200, Baltimore, MD 21209. Its phone number is 410-941-9709. Its website is northbrookfinancial.com.