Maryland Capital Advisors, Inc.

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Client assets under management

$487,546,306

Clients

190

56% high-net worth

Advisors

of 7 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

Clients per advisor

High

Average account size

$2,566,033

About

Maryland Capital Advisors provides discretionary and non‑discretionary portfolio management and investment advice to individuals and families, retirement plans, corporations, and trusts or charitable organizations. The firm develops individualized, tax‑ and cost‑efficient portfolios and Investment Policy Statements, and as of December 31, 2025 reported managing approximately $485.8 million on a discretionary basis, about $4.9 million non‑discretionary, and advising on roughly $100.4 million of additional client assets.

The firm’s investment approach is grounded in Modern Portfolio Theory and factor research, with a stated view that markets are generally efficient and a preference for passively managed funds and ETFs to implement global, multi‑asset allocations. Portfolios are organized into “Risk Assets” (equities and real estate funds) and “Low‑Risk Assets” (bond funds and individual fixed‑income securities), and the firm highlights bond‑market experience to manage interest‑rate, credit, and cash‑flow risks.

Noteworthy features include a referral‑only client intake model and a compact advisory team that manages substantial assets, a combination that is uncommon among similar supported firms. The firm also maintains a formal business continuity and succession agreement with Focus Partners Wealth, LLC and emphasizes customized fixed‑income implementation alongside institutional‑class passive funds rather than relying solely on retail mutual funds.

Client services

Portfolio management Pension consulting Selection of other advisers

Expertise

Passive / index investing Wealth management

Fee options

Fixed

Flat fee negotiable for accounts over $15 million

Percentage

$0 - $1,000,000: 1.00% $1,000,001 - $2,000,000: 0.85% $2,000,001 - $3,000,000: 0.70% $3,000,001 - $4,000,000: 0.55% $4,000,001 - $5,000,000: 0.40% $5,000,001 - $6,000,000: 0.30% $6,000,001 - $7,000,000: 0.30% $7,000,001 - $8,000,000: 0.30% $8,000,001 - $9,000,000: 0.30% $9,000,001 - $10,000,000: 0.30% $10,000,001 - $11,000,000: 0.20% $11,000,001 - $12,000,000: 0.20% $12,000,001 - $13,000,000: 0.20% $13,000,001 - $14,000,000: 0.20% $14,000,001 - $15,000,000: 0.20%

Other

Fee-only: Flat fees negotiable over $15 million assets

Main office location

Maryland Capital Advisors, Inc.

7 Chester Plaza

Chester MD 21619, United States

Number of offices

Most active in

California · Colorado · Connecticut · Florida · Maryland · New York · North Carolina · Pennsylvania · Texas

Disclosures

Business activities & affiliations

Is not active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure Form ADV Part 3: Client Relationship

Quick links

LinkedIn Website 410-604-2741

Advisors at this firm

Joseph W

CFA®, Series 66

Chester, MD

Maryland Capital Advisors, Inc.

Joseph Wehr is a CFA® charterholder and holds a Series 66 license, with six years of industry experience. He has worked at Maryland Capital Advisors, Inc. since 2024 and previously held roles at Dimensional Fund Advisors, PayPal, Visa Inc., and the University of Chicago Booth School of Business. Maryland Capital Advisors provides discretionary and non-discretionary portfolio management and investment advice to individuals, families, retirement plans, corporations, and charitable organizations. The firm employs a Modern Portfolio Theory-based approach, favoring passively managed funds and ETFs across global, multi-asset allocations, and emphasizes customized fixed-income strategies alongside institutional-class passive funds.

Passive / index investing Wealth management

Michael D

Series 63, Series 65

Winston Salem, NC

Maryland Capital Advisors, Inc.

Michael Damas is a financial advisor at Maryland Capital Advisors, Inc. with 24 years of industry experience. He has been with Maryland Capital Advisors since 2005 and is also a managing member of Chesterplaza, LLC. Maryland Capital Advisors provides discretionary and non-discretionary portfolio management and investment advice to individuals, families, retirement plans, corporations, and trusts or charitable organizations. The firm employs an investment approach based on Modern Portfolio Theory and factor research, favoring passively managed funds and ETFs within global, multi-asset allocations, and maintains a referral-only client intake model with a small advisory team managing substantial assets.

Passive / index investing Wealth management

Paul C

Series 63

Greenwich, CT

Maryland Capital Advisors, Inc.

Paul Cucchissi is a financial advisor at Maryland Capital Advisors, Inc. with 18 years of industry experience. He holds a Series 63 designation and has been with Maryland Capital Advisors since 2007. Maryland Capital Advisors provides discretionary and non-discretionary portfolio management and investment advice to individuals, families, retirement plans, corporations, and trusts or charitable organizations. The firm uses an investment approach based on Modern Portfolio Theory and factor research, favoring passively managed funds and ETFs within global, multi-asset allocations.

Passive / index investing Wealth management

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