Tufton Capital Management, LLC (Hunt Valley)

Name: Tufton Capital Management, LLC
Address: 303 International Circle, Hunt Valley, MD, 21030
Telephone: 410-400-8500

Tufton Capital Management, LLC is a large advisory firm based in Hunt Valley. It manages $674.33 million of regulatory assets for 807 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Florida, Maryland, New York, and Virginia.

Tufton Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, publication of newsletters, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Tufton Capital Management: assets under management

The assets under management (AUM) of Tufton Capital Management, LLC is $674.33 million. The firm's AUM has gone down by -3% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $659 million in discretionary accounts and $15.33 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $819.66 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $5.11 million.

Investments

The firm invests in investment and business development companies the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tufton Capital Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Charles Avery Meyer serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Charles Avery Meyer is high net worth individuals with 262 clients and $476.7 million of assets under management. Among the 10 most similar advisory firms, Tufton Capital Management has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $564.83 million for 448 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.

Tufton Capital Management doesn't advise any private funds.

Careers at Tufton Capital Management, LLC

The company employs 10 people that are either part- or full-time employees. 70 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Charles Avery Meyer has been acting as President since 1 Nov 2013. John Scott Murphy joined the executive team most recently as the Partner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Eric Paul Schopf	Chief compliance officer	1 Jan 2004	Other	2149671
John Scott Murphy	Chief financial officer	1 Jan 2004	Other	4519730
John Scott Murphy	Partner	1 Feb 2004	Other	4519730
Charles Avery Meyer	President	1 Nov 2013	50% - 75%	2743959

Based in Hunt Valley

The principal office where Tufton Capital Management, LLC performs its advisory services is located at 303 International Circle, Hunt Valley, MD 21030, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 410-400-8500 or by fax 410-400-8543. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at tuftoncapital.com.