Partnership Wealth Management provides financial planning, portfolio management for individuals and small businesses, publishing newsletters, education planning, estate planning, insurance, and tax planning. Financial planning was provided to 1–10 clients last fiscal year.
Partnership Wealth Management reports 139 clients. They include 77 individual clients and 62 high-net-worth individuals. Of its assets, 96.1% ($226M across 454 accounts) are managed with discretion; $9.07M across 31 accounts are not. A wrap fee program the firm both sponsors and manages holds $223M. Of its clients, 2% are outside the U.S. It advised 7 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 55% | 11% |
| High-net-worth individuals | 45% | 89% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 77 | $25.6M | 10.9% | $333K |
| High-net-worth individuals | 62 | $209M | 89.1% | $3.38M |
| Total | 139 | $235M | 100% | $1.69M |
- Clients
- 77
- Regulatory AUM
- $25.6M
- AUM share
- 10.9%
- Avg. per client
- $333K
- Clients
- 62
- Regulatory AUM
- $209M
- AUM share
- 89.1%
- Avg. per client
- $3.38M
Total
- Clients
- 139
- Regulatory AUM
- $235M
- AUM share
- 100%
- Avg. per client
- $1.69M
- Clients outside the U.S.
- 2%
- Clients advised without assets under management last fiscal year
- 7
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Partnership Wealth Management charges 0.50%–1.25% a year for its Asset Management Fees. The fee is billed in advance and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning Fixed Fees
- One-time comprehensive financial planning fee of $1,000 to $15,000; ongoing planning for clients under $1,000,000 is $400 to $1,750 per quarter; negotiable.
- Hourly Fee
- Investment advisory or financial planning advice billed hourly at $125 to $500 per hour, depending on complexity and staff seniority, agreed in advance and negotiable.
Ellwood Derricks owns 75% or more of Partnership Wealth Management. The leadership team of Partnership Wealth Management includes President Ellwood Derricks. It has 3 employees, 2 of them in advisory roles.
Staff
- 3 employees
- 2 in advisory functions
- 2 state-registered reps
- 2 insurance agents
- Owns 75% or more of Partnership Wealth Management, LLC
Ellwood Derricks
Control person · since September 2005
Partnership Wealth Management’s regulatory assets grew 1.5× from $156M (April 2021) to $235M (August 2026); clients rose from 109 to 139 and employees were 3 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Aug 2026August 2026 | $235M | 139 | 3 | 1 |
| Mar 2025March 2025 | $193M | 132 | 3 | 1 |
| Mar 2024March 2024 | $189M | 142 | 6 | 1 |
| Mar 2023March 2023 | $191M | 145 | 4 | 1 |
| Feb 2022February 2022 | $173M | 123 | 4 | 1 |
| Apr 2021April 2021 | $156M | 109 | 3 | 1 |
Besides its headquarters, Partnership Wealth Management has 0 offices, with 1 listed address in 1 state.
Maryland · 1 listed address
- 606 E Joppa Road, TowsonHQ
Contact and registration details
- Legal name
- Partnership Wealth Management, LLC
- Headquarters
- 606 E Joppa Road, Towson, MD 21286
- Phone
- 410-732-2633
- SEC file
- 801-121083
- Founded
- 2005
- Structure
- Maryland LLC
- Fiscal year end
- December
Partnership Wealth Management’s named custodian for separately managed accounts is Charles Schwab ($227M). Partnership Wealth Management has custody of $56.5M for 69 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $227M100%
At year end, Partnership Wealth Management’s separately managed accounts were largely in funds (44%) and stocks (36%). Its reported 13F holdings for the quarter ended 30 June 2026 total $148M across 67 positions; the largest are Eli Lilly & CO (17.2%), Invesco S&P 500 Equal Weight ETF (17.1%) and iShares Core S&P Mid-cap ETF (8.5%).
What the accounts hold
- Stocks36%
- Funds44%
- Bonds2%
- Cash15%
- Other3%
- Annuities3%
How many clients does Partnership Wealth Management have?
Partnership Wealth Management has 139 clients and manages $235 million for them, as of August 2026. They include 77 individual clients and 62 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 August 2026
What services does Partnership Wealth Management offer?
Partnership Wealth Management provides financial planning, portfolio management for individuals and small businesses, publishing newsletters, education planning, 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 Partnership Wealth Management charge?
Partnership Wealth Management charges 0.50%–1.25% a year for its Asset Management Fees. The fee is billed in advance and is negotiable.
Which custodians does Partnership Wealth Management use?
Partnership Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $227M. 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 August 2026
How many financial advisors does Partnership Wealth Management have?
Partnership Wealth Management has 2 investment adviser representatives registered with state securities authorities, out of 3 employees, and 2 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 Partnership Wealth Management invest in?
At the end of its last fiscal year, Partnership Wealth Management’s separately managed accounts held 44% registered funds (mutual funds, ETFs, BDCs), 36% exchange-traded equities, 15% cash and equivalents, 3% other and 2% U.S. government and agency bonds. The 3% other category is described as: Annuities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Partnership Wealth Management?
Partnership Wealth Management’s direct owner is Ellwood Derricks (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 27 August 2026
How does Partnership Wealth Management get paid?
Partnership 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 Partnership Wealth Management?
Partnership Wealth Management’s main office is at 606 E Joppa Road, Towson, MD 21286. Its phone number is 410-732-2633. Its website is partnershipwealthmanagement.com.