Greenspring Wealth Management, Inc. (Towson)

Name: Greenspring Wealth Management, Inc.
Address: 501 Fairmount Avenue, Towson, MD, 21286
Telephone: 443-564-4600

Greenspring Wealth Management, Inc. is a large advisory firm based in Towson. It manages $3.23 billion of regulatory assets for 1,297 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of California, Connecticut, Florida, and 9 other states.

Greenspring Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and investment consulting and educational services. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Greenspring Wealth Management: assets under management

The assets under management (AUM) of Greenspring Wealth Management, Inc. is $3.23 billion. The firm's AUM has grown by 11241% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $667.71 million in discretionary accounts and $2.56 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $552.74 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $28.77 million.

Investments

The firm invests in investment and business development companies the most. They account for 100% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Greenspring Wealth Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, subscription fees, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Greenspring Wealth Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Greenspring Wealth Management is pension and profit sharing plans with 88 clients and $2.71 billion of assets under management. Among the 8 most similar advisory firms, Greenspring Wealth Management has the 2nd highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $3.23 billion for 408 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Greenspring Wealth Management doesn't advise any private funds.

Careers at Greenspring Wealth Management, Inc.

The company employs 18 people that are either part- or full-time employees. 78 percent of the employees work as investment advisers or researchers. 14 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Patrick Collins	Partner	1 Oct 2004	50% - 75%	4295537
Joshua P. Itzoe	Partner & chief compliance officer	1 Jan 2006	50% - 75%	4764403
Robert William Bogue	Partner & senior financial advisor	1 Oct 2014	Other	809171
Matthew Ryan Cellini	Partner	1 Oct 2015	Other	5966158

Based in Towson

The principal office where Greenspring Wealth Management, Inc. performs its advisory services is located at 501 Fairmount Avenue, Towson, MD 21286, which is also the mailing address of the firm. An additional office of the firm is in Woodcliff Lake, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 443-564-4600 or by fax 866-591-9306. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at greenspringwealth.com.