1919 Investment Counsel, LLC

Registered investment adviser · Baltimore, MD · CRD #133370

Form ADV data as of 2026-09-01

Regulatory assets

$26.04 billion

Total accounts

5,169

Employees

131

Disclosure events

Firm details

Website: http://www.1919ic.com
Telephone: 410-454-2171
SEC file number: 801-63656
Most recent Form ADV filing: 2026-08-27
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm answered No to every Item 11 disciplinary question on its most recent Form ADV filing.

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$25.94 billion
Non-discretionary regulatory assets under management	$94.0 million
Total regulatory assets under management	$26.04 billion
Discretionary accounts	5,140
Non-discretionary accounts	29
Total accounts	5,169
Regulatory assets under management attributable to non-U.S. persons	$330.9 million

People

Total employees (excluding clerical)	131
Employees performing investment advisory functions (including research)	52
Employees who are registered representatives of a broker-dealer	0
Employees registered as investment adviser representatives with a state	32
Employees registered as IARs for another investment adviser	0
Employees who are licensed insurance agents	0
Firms or persons who solicit advisory clients on the firm's behalf	17

Custody

Has custody of client cash or bank accounts	Yes
Has custody of client securities	Yes
Client funds and securities held in the firm's custody	$23.08 billion
Clients for whom the firm has custody	4,359
A related person has custody of client cash or bank accounts	Yes
A related person has custody of client securities	Yes
Client funds and securities held in a related person's custody	$2.92 billion
Clients for whom a related person has custody	790
The firm acts as a qualified custodian	No
A related person acts as a qualified custodian	Yes
Number of persons acting as qualified custodians for the firm's clients	45

How the firm is compensated

A percentage of assets under managementFixed fees (other than subscription fees)Other

Advisory services offered

Financial planning servicesPortfolio management for individuals and/or small businessesPortfolio management for investment companiesPortfolio management for businesses or institutional clientsPension consulting servicesSelection of other advisers (including private fund managers)Other

Other business activities

Commodity pool operator or commodity trading advisor

Affiliated related persons

Broker-dealer, municipal securities dealer, or government securities broker or dealerOther investment adviser (including financial planners)Registered municipal advisorRegistered security-based swap dealerCommodity pool operator or commodity trading advisorBanking or thrift institutionTrust companyAccountant or accounting firmInsurance company or agencySponsor, general partner, or managing member of pooled investment vehicles

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Recommends brokers or dealers to clients
Receives soft dollar benefits
Compensates a non-employee for client referrals
Provides employee compensation specifically for obtaining clients

Client types

Type of client	Clients	Assets
Individuals (other than high net worth individuals)	2,213	$1.02 billion
High net worth individuals	2,653	$18.84 billion
Investment companies	2	$1.05 billion
Pension and profit sharing plans (not the participants or government plans)	50	$962.3 million
Charitable organizations	146	$2.37 billion
State or municipal government entities (including government pension plans)	3	$40.2 million
Corporations or other businesses not listed above	102	$1.76 billion