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OLIVER WEALTH MANAGEMENT
Legal name: GUNPOWDER CAPITAL MANAGEMENT, LLC
CRD 314867File 801-121543
APPROVED
Retail clients
Filing as of Mar 30, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$340.4M
Below cohort median (national)
Discretionary AUM
$340.4M
Clients
496
1,390 accounts
Employees
6
Below cohort median in MD
Identity & registration
ADV Item 1- Organization form
- Limited Liability Company
- Firm type
- Registered
- SEC region
- PLRO
- Registration date
- Jun 21, 2021
- Principal office
- 901 DULANEY VALLEY ROAD, SUITE 701, TOWSON, MD, 21204
- Phone
- (410) 343-7125
- Website
- http://oliverwealth.com
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $340.4M
- Discretionary AUM
- $340.4M
- Non-discretionary AUM
- $0
- Discretionary accounts
- 1,390
- Non-discretionary accounts
- 0
- Total accounts
- 1,390
- AUM per client
- $686K
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Other | Fewer than 5 | $243K |
| Charitable organizations | Fewer than 5 | $1.2M |
| High net worth individuals | 83 | $231.0M |
| Pension and profit sharing plans | 10 | $4.3M |
| Individuals (other than high net worth individuals) | 401 | $103.6M |
Compensation & activities
ADV Items 5E, 5GCompensation
- Fixed fees
- Hourly charges
- A percentage of assets under your management
Advisory activities
- Financial planning services
- Selection of other advisers
- Portfolio management for individuals and/or small businesses
Custody
ADV Item 9- Firm Custody Cash
- No
- Firm Custody Assets
- No
- Firm Custody Clients
- No
- Firm Custody Securities
- No
- Related Person Custody Cash
- No
- Related Person Custody Assets
- No
- Related Person Custody Clients
- No
- Related Person Custody Securities
- No
Disclosure events
ADV Item 11This firm answered no to every Item 11 disclosure question in this filing.
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Apr 1, 2026 | Employees | 5 | 6 | increased by1 |
| Apr 1, 2026 | Clients | 578 | 496 | decreased by82 |
| Apr 1, 2026 | AUM | $297,623,713 | $340,420,749 | increased by$42,797,036 |
| Apr 1, 2026 | Accounts | 1,291 | 1,390 | increased by99 |
| May 1, 2025 vs Oct 1, 2022 | Clients | 548 | 578 | increased by30 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $292,390,829 | $297,623,713 | increased by$5,232,884 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 1,274 | 1,291 | increased by17 |
| Apr 1, 2022 | Employees | 4 | 5 | increased by1 |
| Apr 1, 2022 | Clients | 568 | 548 | decreased by20 |
| Apr 1, 2022 | AUM | $277,008,248 | $292,390,829 | increased by$15,382,581 |
| Apr 1, 2022 | Accounts | 1,362 | 1,274 | decreased by88 |
| Dec 1, 2021 | Registration | APPROVED-120 | APPROVED | |
| Nov 1, 2021 | AUM | $0 | $277,008,248 | increased by$277,008,248 |
| Nov 1, 2021 | Accounts | 0 | 1,362 | increased by1,362 |
| Jul 1, 2021 | Registration | — | APPROVED-120 |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “OLIVER WEALTH” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“OLIVER WEALTH” may also match similarly-named firms). Confirm identity against each filing.
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.