The Financial Consulate provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, publishing newsletters, educational seminars, education planning, estate planning, insurance, tax planning, and tax preparation. Financial planning was provided to 1,000 clients last fiscal year.
The Financial Consulate reports 849 clients. They include 516 individual clients, 328 high-net-worth individuals, and 5 pension and profit-sharing plans. Of its assets, 100.0% ($1.1B across 3,375 accounts) are managed with discretion. It advised 10 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 61% | 22% |
| High-net-worth individuals | 39% | 77% |
| Pension and profit-sharing plans | <1% | <1% |
| Corporations and other businesses | 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) | 516 | $243M | 22.1% | $470K |
| High-net-worth individuals | 328 | $845M | 77.1% | $2.58M |
| Pension and profit-sharing plans | 5 | $7.47M | 0.7% | $1.49M |
| Corporations and other businesses | Fewer than 5 | $611K | 0.1% | — |
| Total | 849 | $1.1B | 100% | — |
- Clients
- 516
- Regulatory AUM
- $243M
- AUM share
- 22.1%
- Avg. per client
- $470K
- Clients
- 328
- Regulatory AUM
- $845M
- AUM share
- 77.1%
- Avg. per client
- $2.58M
- Clients
- 5
- Regulatory AUM
- $7.47M
- AUM share
- 0.7%
- Avg. per client
- $1.49M
- Clients
- Fewer than 5
- Regulatory AUM
- $611K
- AUM share
- 0.1%
- Avg. per client
- —
Total
- Clients
- 849
- Regulatory AUM
- $1.1B
- 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
- 1000
The Financial Consulate is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices 5 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Physical
- Financial planning service at $5,000; clients who then engage the firm for management or supervision receive a billing credit for that fee.
- Financial supervision
- 0.20% of all assets under supervision, which may be negotiated for clients with supervised assets over $5,000,000 or significant managed assets.
- General and customized services
- Services outside the standard scope are charged an hourly rate of $200, or as quoted.
- Historical cost basis research
- Research into the cost basis of securities bought before transfer may be billed at a rate no higher than $150 per hour.
- Other tax and accounting services
- Billed hourly by the team member doing the work, with rates beginning at $30 per hour; tax preparation is priced by complexity.
Andrew Tignanelli owns 75% or more of The Financial Consulate. Michael McCarthy is CEO; the leadership team includes Chief Investment Officer Christopher O'Shea and Chief Financial Officer Charles Bender. It has 25 employees, 13 of them in advisory roles.
Staff
- 25 employees
- 13 in advisory functions
- 13 state-registered reps
- Owns 75% or more of The Financial Consulate, Inc
Andrew Tignanelli
Control person · since August 2020
- Owns 5% to 10% of The Financial Consulate, Inc
Charles Bender
Control person · since May 2006
The Financial Consulate’s regulatory assets grew 1.9× from $585M (March 2021) to $1.1B (August 2026); clients fell from 1,005 to 849 and employees rose from 21 to 25.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Aug 2026August 2026 | $1.1B | 849 | 25 | 14 |
| Mar 2025March 2025 | $930M | 856 | 23 | 14 |
| Jul 2024July 2024 | $782M | 911 | 23 | 4 |
| Mar 2023March 2023 | $590M | 995 | 23 | 3 |
| Mar 2022March 2022 | $660M | 1,047 | 23 | 3 |
| Mar 2021March 2021 | $585M | 1,005 | 21 | 2 |
Besides its headquarters, The Financial Consulate has 13 offices (12 private residences, listed without an address), with 2 listed addresses across 2 states.
Maryland · 1 listed address
- 11019 McCormick Road, Suite 200, Hunt ValleyHQ
Pennsylvania · 1 listed address
- 1302 Proline Place, Gettysburg
Other business names
The Financial Consulate has reported 1 other business name to the SEC.
- The Consulate
Contact and registration details
- Legal name
- The Financial Consulate, Inc
- Headquarters
- 11019 McCormick Road, Suite 200, Hunt Valley, MD 21031
- Website
- financialconsulate.com
- Phone
- 410-823-7283
- @823940
- SEC file
- 801-18829
- Founded
- 1983
- Structure
- Maryland corporation
- Fiscal year end
- December
The Financial Consulate’s named custodians for separately managed accounts are Charles Schwab ($1.04B, 95%) and Fidelity ($55.9M, 5%). The Financial Consulate has custody of $47.8M for 56 clients.
The filed custodian amounts total more than regulatory assets under management. Each amount is shown as filed.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $1.04B95%
- FidelityFidelity Brokerage Services LLC · Boston, MA · $55.9M5%
At year end, The Financial Consulate’s separately managed accounts were mostly in funds (83%) and stocks (12%). Its reported 13F holdings for the quarter ended 30 June 2026 total $899M across 1,449 positions; the largest are Schwab Strategic TR (17.3%), Dimensional ETF Trust (9.8%) and Pimco Equity Ser (7.9%).
What the accounts hold
- Stocks12%
- Funds83%
- Registered funds81%
- Pooled vehicles2%
- Bonds3%
- Cash2%
How many clients does The Financial Consulate have?
The Financial Consulate has 849 clients and manages $1.1 billion for them, as of August 2026. They include 516 individual clients, 328 high-net-worth individuals, and 5 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 13 August 2026
What services does The Financial Consulate offer?
The Financial Consulate provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, publishing newsletters, educational seminars, education planning, estate planning, insurance, tax planning, and tax preparation.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
Which custodians does The Financial Consulate use?
The Financial Consulate’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $1.04B and Fidelity Brokerage Services LLC (Boston, MA), with $55.9M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 13 August 2026
How many financial advisors does The Financial Consulate have?
The Financial Consulate has 13 investment adviser representatives registered with state securities authorities, out of 25 employees, and 13 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 The Financial Consulate invest in?
At the end of its last fiscal year, The Financial Consulate’s separately managed accounts held 81% registered funds (mutual funds, ETFs, BDCs), 12% exchange-traded equities, 3% U.S. government and agency bonds, 2% pooled vehicles (private funds and similar) and 2% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns The Financial Consulate?
The Financial Consulate’s direct owners are Andrew Tignanelli (75% or more) and Charles Bender (5% to 10%).
Source: Form ADV Part 1A, Schedules A and B, filed 13 August 2026
How does The Financial Consulate get paid?
The Financial Consulate 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 The Financial Consulate?
The Financial Consulate’s main office is at 11019 McCormick Road, Suite 200, Hunt Valley, MD 21031. Its phone number is 410-823-7283. Its website is financialconsulate.com.