Warner Financial provides financial planning, portfolio management for individuals and small businesses, estate planning, insurance, and tax planning. Financial planning was provided to 26–50 clients last fiscal year.
Warner Financial reports 256 clients. They include 174 high-net-worth individuals and 82 individual clients. Of its assets, 98.7% ($841M across 738 accounts) are managed with discretion; $11M across 9 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 32% | 5% |
| High-net-worth individuals | 68% | 92% |
| Pension and profit-sharing plans | Fewer than 5 | <1% |
| Charitable organizations | Fewer than 5 | 3% |
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) | 82 | $42.7M | 5.0% | $521K |
| High-net-worth individuals | 174 | $782M | 91.8% | $4.49M |
| Pension and profit-sharing plans | Fewer than 5 | $1.53M | 0.2% | — |
| Charitable organizations | Fewer than 5 | $25.6M | 3.0% | — |
| Total | 256 | $852M | 100% | — |
- Clients
- 82
- Regulatory AUM
- $42.7M
- AUM share
- 5.0%
- Avg. per client
- $521K
- Clients
- 174
- Regulatory AUM
- $782M
- AUM share
- 91.8%
- Avg. per client
- $4.49M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.53M
- AUM share
- 0.2%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $25.6M
- AUM share
- 3.0%
- Avg. per client
- —
Total
- Clients
- 256
- Regulatory AUM
- $852M
- 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
- 26–50
Warner Financial charges 0.50%–0.90% a year for its Asset Management Services. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
| Asset band | Annual rate |
|---|---|
| $0–$250K | 0.90% |
| $250K–$1M | 0.85% |
| $1M–$3M | 0.75% |
| $3M–$5M | 0.65% |
| $5M and above | 0.50% |
Fee details and sources
Barbara Warner owns 50% to 75% of Warner Financial. The leadership team of Warner Financial includes President Barbara Warner. It has 4 employees.
Leadership
Barbara WarnerPresident & Chief Compliance Officer- Christopher WarnerVice President
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
Staff
- 4 employees
- 4 in advisory functions
- 4 state-registered reps
- Owns 50% to 75% of Warner Financial, Inc
Barbara Warner
Control person · since February 2008
- Owns 50% to 75% of Warner Financial, Inc
Christopher Warner
Control person · since February 2017
Warner Financial’s regulatory assets grew 1.7× from $515M (April 2021) to $852M (February 2026); clients were 256 in both filings and employees rose from 3 to 4.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| February 2026 | $852M | 256 | 4 | 1 |
| March 2025 | $745M | 254 | 4 | 1 |
| March 2024 | $628M | 251 | 4 | 1 |
| March 2023 | $540M | 253 | 4 | 1 |
| April 2022 | $603M | 246 | 4 | 1 |
| April 2021 | $515M | 248 | 3 | 1 |
Besides its headquarters, Warner Financial has 0 offices, with 1 listed address in Maryland.
Maryland · 1 listed address
- 4550 Montgomery Ave, Suite 352 North, BethesdaHQ
Contact and registration details
- Legal name
- Warner Financial, Inc
- Headquarters
- 4550 Montgomery Ave, Suite 352 North, Bethesda, MD 20814
- Website
- warner-financial.com
- Phone
- 301-961-9505
- SEC file
- 801-64223
- Structure
- Delaware corporation
- Fiscal year end
- December
Warner Financial uses Charles Schwab ($852M) as custodian for its separately managed accounts. Warner Financial has custody of $264M in client assets for 199 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $852M100%
At year end, Warner Financial’s separately managed accounts were mostly in funds (53%) and stocks (36%). Its reported 13F holdings for the quarter ended 30 June 2026 total $340M across 145 positions; the largest are Vanguard Index Fds (10.8%), Vanguard Index Fds (10.0%) and Vanguard Tax-managed Fds (7.0%).
What the accounts hold
- Stocks36%
- Funds53%
- Bonds3%
- U.S. government and agency bonds2%
- State and local bonds1%
- Cash8%
Reported 13F holdings
- $340M
- Reported 13F value
- 145
- Positions
- 46.8%
- In the 10 largest
- +16.6%
- Value vs. prior quarter
- Vanguard Index Fds · Value ETF10.8%
- Vanguard Index Fds · Growth ETF10.0%
- Vanguard Tax-managed Fds · Van FTSE Dev Mkt7.0%
- Invesco Qqq TR · Unit Ser 13.3%
- Schwab Strategic TR · US Lcap GR ETF3.1%
- Vanguard Index Fds · Mid Cap ETF3.0%
- Vanguard Specialized Funds · Div App ETF2.8%
- Vanguard Index Fds · S&P 500 ETF Shs2.7%
- Schwab Strategic TR · Intl Eqty ETF2.1%
- Vanguard Star Fds · VG TL Intl Stk F2.0%
Together, the ten largest are 46.8% of reported value.
How many clients does Warner Financial have?
Warner Financial has 256 clients and manages $852 million for them, as of February 2026. They include 174 high-net-worth individuals and 82 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 9 February 2026
What services does Warner Financial offer?
Warner Financial provides financial planning, portfolio management for individuals and small businesses, 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 Warner Financial charge?
Warner Financial charges 0.50%–0.90% a year for its Asset Management Services. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
Source: FORM ADV PART 2 - FIRM BROCHURE, filed 9 February 2026
Which custodians does Warner Financial use?
Warner Financial’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $852M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 9 February 2026
How many financial advisors does Warner Financial have?
Warner Financial has 4 investment adviser representatives registered with state securities authorities, out of 4 employees, and 4 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 Warner Financial invest in?
At the end of its last fiscal year, Warner Financial’s separately managed accounts held 53% registered funds (mutual funds, ETFs, BDCs), 36% exchange-traded equities, 8% cash and equivalents, 2% U.S. government and agency bonds and 1% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Warner Financial?
Warner Financial’s direct owners are Barbara Warner (50% to 75%) and Christopher Warner (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 9 February 2026
How does Warner Financial get paid?
Warner Financial 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 Warner Financial registered with the SEC?
Yes, Warner Financial has been registered with the SEC as an investment adviser since 22 April 2005. Its CRD number is 135303 and its SEC file number is 801-64223.
Source: Form ADV Part 1A, Item 1, filed 9 February 2026; IAPD firm record
How do I contact Warner Financial?
Warner Financial’s main office is at 4550 Montgomery Ave, Suite 352 North, Bethesda, MD 20814. Its phone number is 301-961-9505. Its website is warner-financial.com.