VSM Wealth Advisory provides portfolio management for individuals and small businesses, estate planning, family office services, financial planning, philanthropic planning, and retirement plan services.
VSM Wealth Advisory reports 613 clients. They include 433 high-net-worth individuals, 176 individual clients, and 4 pension and profit-sharing plans. Of its assets, 100.0% ($678M across 1,524 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 29% | 17% |
| High-net-worth individuals | 71% | 76% |
| Pension and profit-sharing plans | <1% | 8% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 176 | $113M | 16.6% | $641K |
| High-net-worth individuals | 433 | $514M | 75.8% | $1.19M |
| Pension and profit-sharing plans | 4 | $51.2M | 7.6% | $12.8M |
| Total | 613 | $678M | 100% | $1.11M |
- Clients
- 176
- Regulatory AUM
- $113M
- AUM share
- 16.6%
- Avg. per client
- $641K
- Clients
- 433
- Regulatory AUM
- $514M
- AUM share
- 75.8%
- Avg. per client
- $1.19M
- Clients
- 4
- Regulatory AUM
- $51.2M
- AUM share
- 7.6%
- Avg. per client
- $12.8M
Total
- Clients
- 613
- Regulatory AUM
- $678M
- AUM share
- 100%
- Avg. per client
- $1.11M
- 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
- 0
VSM Wealth Advisory charges 0.55%–1.00% a year for its Portfolio management. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Consulting services
- Consulting is billed at $500 an hour or a flat fee agreed in advance, under a separate written agreement.
FCH Capital Management, LLC owns 75% or more of VSM Wealth Advisory and is in turn owned by Fred Hill (75% or more). The leadership team of VSM Wealth Advisory includes President Robert Mewshaw and Chief Operating Officer Fred Hill. It has 6 employees, 5 of them in advisory roles.
Staff
- 6 employees
- 5 in advisory functions
- 5 state-registered reps
- Owns 75% or more of VSM Wealth Advisory, LLC
FCH Capital Management, LLC
Control person · since May 2021
- Owns 75% or more of FCH Capital Management, LLC
Fred Hill
Control person · since May 2021
VSM Wealth Advisory’s regulatory assets grew 1.7× from $397M (June 2021) to $678M (September 2026); clients rose from 460 to 613 and employees were 6 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Sep 2026September 2026 | $678M | 613 | 6 | 2 |
| Mar 2025March 2025 | $587M | 624 | 6 | 1 |
| Mar 2024March 2024 | $498M | 564 | 6 | 1 |
| Mar 2023March 2023 | $421M | 524 | 6 | 1 |
| Mar 2022March 2022 | $441M | 487 | 6 | 1 |
| Jun 2021June 2021 | $397M | 460 | 6 | 1 |
Besides its headquarters, VSM Wealth Advisory has 1 office (1 private residence, listed without an address), with 1 listed address in 1 state.
Maryland · 1 listed address
- 11350 McCormick Road, Executive Plaza I, Suite 300, Hunt ValleyHQ
Contact and registration details
- Legal name
- VSM Wealth Advisory, LLC
- Headquarters
- 11350 McCormick Road, Executive Plaza I, Suite 300, Hunt Valley, MD 21031
- Website
- vs-m.com
- Phone
- 410-825-8844
- @vsm-wealth-advisory
- SEC file
- 801-121412
- Founded
- 1992
- Structure
- Maryland LLC
- Fiscal year end
- December
VSM Wealth Advisory’s named custodian for separately managed accounts is Charles Schwab ($618M). VSM Wealth Advisory does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $618M100%
At year end, VSM Wealth Advisory’s separately managed accounts were mostly in stocks (56%) and cash (24%). Its reported 13F holdings for the quarter ended 30 June 2026 total $376M across 507 positions; the largest are Vanguard Large-cap Indexfund ETF Shares (15.2%), Vanguard Short Term Cor BD ETF (5.8%) and Vanguard Mega Cap Index Fund ETF Shares (5.1%).
What the accounts hold
- Stocks56%
- Funds20%
- Cash24%
How many clients does VSM Wealth Advisory have?
VSM Wealth Advisory has 613 clients and manages $678 million for them, as of September 2026. They include 433 high-net-worth individuals, 176 individual clients, and 4 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 11 September 2026
What services does VSM Wealth Advisory offer?
VSM Wealth Advisory provides portfolio management for individuals and small businesses, estate planning, family office services, financial planning, philanthropic planning, and retirement plan services.
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 VSM Wealth Advisory charge?
VSM Wealth Advisory charges 0.55%–1.00% a year for its Portfolio management. The fee is billed in advance and is negotiable.
Source: VSM WEALTH ADVISORY BROCHURE 03.30.2026, filed 11 September 2026
Which custodians does VSM Wealth Advisory use?
VSM Wealth Advisory’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $618M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 11 September 2026
How many financial advisors does VSM Wealth Advisory have?
VSM Wealth Advisory has 5 investment adviser representatives registered with state securities authorities, out of 6 employees, and 5 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 VSM Wealth Advisory invest in?
At the end of its last fiscal year, VSM Wealth Advisory’s separately managed accounts held 56% exchange-traded equities, 24% cash and equivalents and 20% registered funds (mutual funds, ETFs, BDCs).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns VSM Wealth Advisory?
VSM Wealth Advisory is owned through a holding company by Fred Hill. Its direct owner is FCH Capital Management, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 11 September 2026
How does VSM Wealth Advisory get paid?
VSM Wealth Advisory 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 VSM Wealth Advisory?
VSM Wealth Advisory’s main office is at 11350 McCormick Road, Executive Plaza I, Suite 300, Hunt Valley, MD 21031. Its phone number is 410-825-8844. Its website is vs-m.com.