SEC-registered wealth management firm Broker-dealer affiliated
Founders Financial Securities, LLC
As of its Form ADV filed April 20, 2026, Founders Financial Securities, LLC, an SEC-registered, broker-dealer affiliated wealth management firm in Towson, Maryland, reported $4.1 billion in regulatory assets under management across 19,082 accounts, ranking #9 among all wealth firms in Maryland by assets.
Registration
- Registration
- SEC-registered, Approved
- CRD number
- 137945
- SEC file number
- 801-66892
- Registered since
- July 13, 2006
- Latest Form ADV filing
- April 20, 2026
- Organized as
- Limited Liability Company
- Fiscal year ends
- December
- Other offices
- 68
Key figures
- Regulatory assets under management
- $4.1 billion
- Discretionary
- $3.7 billion (88.5%)
- Non-discretionary
- $476.5 million
- Accounts
- 19,082 (16,517 discretionary)
- Clients
- 9,870, approximate as reported
- Employees
- 139
- Advisory staff
- 101 performing investment advisory functions
- Average account
- $216,703
- Asset growth, 1 year
- 24.6% (from $3.3 billion a year earlier)
- Asset growth, 3-year annual rate
- 22.1% (from $2.3 billion three years earlier)
- Asset growth, 5-year annual rate
- 14.0% (from $2.2 billion five years earlier)
- Client growth, 1 year
- 9.4% (from 9,021)
Broker-dealer affiliated. The firm is itself a broker-dealer as well as an investment adviser (Form ADV Item 6.A(1)). It is ranked among all wealth firms, the directory's view that includes wirehouses and broker-dealer firms, not in the main lists of independent RIAs. How firms are classed.
Growth rates come from the SEC's yearly snapshots and are left blank when the years are not comparable.
Rankings
Among all wealth firms, including wirehouses and broker-dealer firms.
Assets over time
Data table
| As of | RAUM |
|---|---|
| October 1, 2010 | $85.3 million |
| October 3, 2011 | $218.2 million |
| October 1, 2012 | $315.8 million |
| October 1, 2013 | $369.4 million |
| October 1, 2014 | $511.9 million |
| October 1, 2015 | $601.4 million |
| October 3, 2016 | $614.5 million |
| October 2, 2017 | $754.9 million |
| October 1, 2018 | $980.9 million |
| October 1, 2019 | $1.0 billion |
| October 1, 2020 | $1.3 billion |
| October 4, 2021 | $2.2 billion |
| October 3, 2022 | $2.6 billion |
| October 5, 2023 | $2.3 billion |
| October 1, 2024 | $2.9 billion |
| September 2, 2025 | $3.3 billion |
| October 2, 2026 | $4.1 billion |
Clients and services
Client mix
| Measure | Bar | RAUM |
|---|---|---|
| High net worth individuals 1,466 clients | $2.1 billion | |
| Individuals (other than high net worth) 8,124 clients | $1.6 billion | |
| Pension and profit sharing plans 241 clients | $414.1 million | |
| Charitable organizations 22 clients | $16.1 million | |
| Corporations or other businesses 17 clients | $8.7 million |
How the firm is paid
- A percentage of assets under management
- Hourly charges
- Subscription fees
- Fixed fees
Advisory services
- Financial planning
- Portfolio management for individuals or small businesses
- Portfolio management for businesses or institutional clients
- Pension consulting
- Selection of other advisers
Financial planning clients (Item 5.H): 101-250.
Wrap fee program sponsor or portfolio manager: no.
Other business, affiliations and custody
Other business activities (Item 6.A)
- Broker-dealer
- Insurance broker or agent
Financial industry affiliations (Item 7.A)
None reported.
Custody (Item 9)
The firm reported custody of client cash or securities, $1.5 million in total.
Investment adviser representatives
- IARs registered with the firm
- 117
- Also registered through a broker-dealer
- 110
- Employees who are IARs (Form ADV 5.B(3))
- 115
Designations held by the firm's IARs: CFP 31, ChFC 17, CFA 3.
Between 49 and 91 of the firm's 117 IARs are registered in jurisdictions that require IAR CE. The source counts registrations by jurisdiction, and many IARs are registered in more than one, so the exact number is not knowable from it. IAR CE requirements by state.
Counts only. AdvisorIQ does not list individual people.
Disclosures
On Form ADV Item 11 the firm answered yes to 3 disclosure questions. See the detail on IAPD.
Succession and acquired firms
On Form ADV Item 4 the firm did not report succeeding to another adviser's business.
Similar-sized firms in Maryland
| Firm | City | RAUM |
|---|---|---|
| Pennington Partners & Co., LLC | Bethesda | $5.1 billion |
| Prosperity - An Eisneramper Company | Owings Mills | $5.0 billion |
| Heritage Investors Management Corp | Bethesda | $4.6 billion |
| Verdence Capital Advisors, LLC | Hunt Valley | $4.6 billion |
| XML Financial Group | Bethesda | $3.3 billion |
The five wealth firms, broker-dealer affiliated firms included, nearest in regulatory assets with a main office in the same state.
Elsewhere
- Founders Financial Securities, LLC on IAPD: Form ADV, brochures and disclosure detail.
- Firm website: www.foundersfcms.com
- Wealth management firms in Maryland
Firm data as of October 2, 2026, from ia100226.zip. Figures are as the firm reported them; corrections are made on Form ADV and appear after the next monthly reload.
Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.