Scarborough Advisors provides financial planning, portfolio management for individuals and small businesses, selecting other managers, and educational seminars. Financial planning was provided to 1–10 clients last fiscal year.
Scarborough Advisors reports 2,664 clients. They include 1,932 individual clients and 732 high-net-worth individuals. Of its assets, 100.0% ($1.64B across 4,323 accounts) are managed with discretion. It advised 10 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 73% | 27% |
| High-net-worth individuals | 27% | 73% |
| Banking or thrift institutions | Fewer than 5 | 0% |
| Pension and profit-sharing plans | Fewer than 5 | 0% |
| Charitable organizations | Fewer than 5 | 0% |
| Other client typesState or municipal government entities; Other investment advisers; Insurance companies; Sovereign wealth funds and foreign official institutions; Corporations and other businesses | Not reported | 0% |
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) | 1,932 | $446M | 27.1% | $231K |
| High-net-worth individuals | 732 | $1.2B | 72.9% | $1.64M |
| Banking or thrift institutions | Fewer than 5 | $0 | 0.0% | — |
| Pension and profit-sharing plans | Fewer than 5 | $0 | 0.0% | — |
| Charitable organizations | Fewer than 5 | $0 | 0.0% | — |
| State or municipal government entities | Fewer than 5 | $0 | 0.0% | — |
| Other investment advisers | Fewer than 5 | $0 | 0.0% | — |
| Insurance companies | Fewer than 5 | $0 | 0.0% | — |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 | 0.0% | — |
| Corporations and other businesses | Fewer than 5 | $0 | 0.0% | — |
| Total | 2,664 | $1.64B | 100% | — |
- Clients
- 1,932
- Regulatory AUM
- $446M
- AUM share
- 27.1%
- Avg. per client
- $231K
- Clients
- 732
- Regulatory AUM
- $1.2B
- AUM share
- 72.9%
- Avg. per client
- $1.64M
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
Total
- Clients
- 2,664
- Regulatory AUM
- $1.64B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 10
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Scarborough Advisors charges up to 2.50% a year for its Portfolio Management Service. The fee is billed in advance and is negotiable. The brochure also prices 4 other services, listed under fee details.
Fee details and sources
Other fees
- 401(k) Brokerage Link Management
- Maximum management fee of 1.5% annually of the 401(k) brokerage link account.
- Consultation
- Consultation fees are negotiable, typically $250 to $500 per hour or a flat fee.
- Financial Planning
- Financial planning fees are negotiable and typically range from $0 to $2,500.
- Savings Plan Management
- Fixed annual fee for 401(k) savings plan management, from $570 to $1,135 by account balance, payable annually, quarterly or monthly.
It has 23 employees, 13 of them in advisory roles.
Leadership
- Reese CorleyChief
- James SprinkelMember
- Gregory OstrowskiMember
- Ian ArrowsmithManaging Member
- Ryan AnstedMember
- Shawn WalkerMember
Investment adviser representatives
15 representatives listed in the SEC register as of 9 October 2026.
- Ryan Alexander Ansted
- Ian Arrowsmith
- Jeffrey Michael Cardozo
- Reese Michael Corley
- Joshua Paul Goldsmith
- Samantha Christine Harris
- David Alan Herman
- Gregory Sigismund Ostrowski
- Robert Joseph Roberts
- David Allen Sizemore
- James Frederick Sprinkel
- Dylan Patrick Sylvester
- Jonathan Walter Szostek
- Shawn Joseph Walker
- Matthew John Zimmerman
Staff
- 23 employees
- 13 in advisory functions
- 13 state-registered reps
- 13 broker-dealer reps
- 11 insurance agents
- 4 soliciting firms
- Owns 10% to 25% of Scarborough Advisors, LLC
James Sprinkel
Control person · since October 2013
- Owns 10% to 25% of Scarborough Advisors, LLC
Gregory Ostrowski
Control person · since October 2013
- Owns 10% to 25% of Scarborough Advisors, LLC
Ian Arrowsmith
Control person · since October 2013
- Owns 10% to 25% of Scarborough Advisors, LLC
Ryan Ansted
Control person · since October 2013
- Owns 10% to 25% of Scarborough Advisors, LLC
Shawn Walker
Control person · since October 2013
Scarborough Advisors’ regulatory assets grew 1.8× from $928M (March 2021) to $1.64B (March 2026); clients rose from 2,445 to 2,664 and employees from 18 to 23.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $1.64B | 2,664 | 23 | 1 |
| April 2025 | $1.4B | 2,056 | 23 | 1 |
| July 2024 | $1.19B | 3,392 | 19 | 1 |
| April 2023 | $987M | 2,686 | 19 | 1 |
| March 2022 | $1.09B | 2,536 | 19 | 1 |
| March 2021 | $928M | 2,445 | 18 | 1 |
Besides its headquarters, Scarborough Advisors has 0 offices, with 1 listed address in Maryland.
Maryland · 1 listed address
- 1906 Towne Centre BLVD, Suite 260, AnnapolisHQ
Contact and registration details
- Legal name
- Scarborough Advisors, LLC
- Headquarters
- 1906 Towne Centre BLVD, Suite 260, Annapolis, MD 21401
- Website
- scmadvice.com
- Phone
- 410-573-5700
- SEC file
- 801-79006
- Structure
- Delaware LLC
- Fiscal year end
- December
Scarborough Advisors uses Charles Schwab ($1.64B) as custodian for its separately managed accounts. Scarborough Advisors has custody of $123M in client assets for 219 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $1.64B100%
At year end, Scarborough Advisors’ separately managed accounts were mostly in stocks (54%) and funds (43%). Its reported 13F holdings for the quarter ended 30 June 2026 total $871M across 147 positions; the largest are Invesco Exch Traded FD TR II (6.9%), Schwab Strategic TR (6.5%) and Columbia ETF TR I (6.0%).
What the accounts hold
- Stocks54%
- Funds43%
- Bonds3%
- U.S. government and agency bonds1%
- State and local bonds1%
- Investment grade corporate bonds1%
- Cash2%
- Other1%
- Alternatives and non-traded reits1%
Reported 13F holdings
- $871M
- Reported 13F value
- 147
- Positions
- 48.3%
- In the 10 largest
- −4.7%
- Value vs. prior quarter
- Invesco Exch Traded FD TR II · Nasdaq 100 ETF6.9%
- Schwab Strategic TR · US Lrg Cap ETF6.5%
- Columbia ETF TR I · Resh Enhnc Cor6.0%
- Vanguard Index Fds · S&P 500 ETF Shs5.3%
- SPDR Series Trust · ST Str P500etf5.2%
- Blackrock ETF Trust · iShares US Equit5.0%
- iShares TR · Ishs 5-10yr Invt4.2%
- Invesco Exch Traded FD TR II · S&P 500 Revenue3.2%
- Blackrock ETF Trust · Isha I IN TE ETF3.0%
- Blackrock ETF Trust · Isha Syst AL ETF2.9%
Together, the ten largest are 48.3% of reported value.
How many clients does Scarborough Advisors have?
Scarborough Advisors has 2,664 clients and manages $1.64 billion for them, as of March 2026. They include 1,932 individual clients and 732 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 March 2026
What services does Scarborough Advisors offer?
Scarborough Advisors provides financial planning, portfolio management for individuals and small businesses, 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 Scarborough Advisors charge?
Scarborough Advisors charges up to 2.50% a year for its Portfolio Management Service. The fee is billed in advance and is negotiable.
Which custodians does Scarborough Advisors use?
Scarborough Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $1.64B. 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 Scarborough Advisors have?
Scarborough Advisors has 13 investment adviser representatives registered with state securities authorities, out of 23 employees, and 13 perform investment advisory functions. 13 employees are registered representatives of a broker-dealer and 11 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 Scarborough Advisors invest in?
At the end of its last fiscal year, Scarborough Advisors’ separately managed accounts held 54% exchange-traded equities, 43% registered funds (mutual funds, ETFs, BDCs), 2% cash and equivalents, 1% U.S. government and agency bonds, 1% state and local bonds, 1% investment grade corporate bonds and 1% other. The 1% other category is described as: Alternatives and Non-Traded Reits.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Scarborough Advisors?
Scarborough Advisors’ direct owners are James Sprinkel, Gregory Ostrowski, Ian Arrowsmith, Ryan Ansted and Shawn Walker, each holding 25% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 26 March 2026
How does Scarborough Advisors get paid?
Scarborough Advisors 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 Scarborough Advisors registered with the SEC?
Yes, Scarborough Advisors has been registered with the SEC as an investment adviser since 20 November 2013. Its CRD number is 169517 and its SEC file number is 801-79006.
Source: Form ADV Part 1A, Item 1, filed 26 March 2026; IAPD firm record
How do I contact Scarborough Advisors?
Scarborough Advisors’ main office is at 1906 Towne Centre BLVD, Suite 260, Annapolis, MD 21401. Its phone number is 410-573-5700. Its website is scmadvice.com.