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Scarborough Capital Management Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Based in Annapolis, Maryland, Scarborough Capital Management manages nearly a billion dollars in client assets on a discretionary basis. This fee-based firm, which is on our list of the top financial advisors in Annapolis, focuses on portfolio management, financial planning and consulting services. 

Scarborough Capital Management Background 

Scarborough Capital was formed in 1989 as The Scarborough Group, Inc. The firm changed its name to Scarborough Capital Management, Inc. in 2008. Its five owners are Ryan Ansted, Ian Arrowsmith, Gregory Ostrowski, James Sprinkel and Shawn Walker. The firm offers securities through its broker-dealer, Independent Financial Group, LLC (IFG).

Scarborough Capital’s team has earned certifications including chartered retirement planning counselor (CRPC), certified financial planners (CFP), certified college planning specialist (CCPS), one chartered mutual fund counselor (CMFC), accredited investment fiduciary (AIF), retirement income certified professional (RICP) and chartered federal employees benefit specialist (ChFEBC).

Scarborough Capital Management Client Types and Minimum Account Sizes 

Scarborough Capital serves individuals and high-net-worth individuals, corporations and other business types. The firm doesn’t have a minimum account size requirement. 

Services Offered by Scarborough Capital Management

The firm offers the following advisory services:

  • Financial planning
  • Portfolio management 
  • Selection of other advisors (including private fund managers)
  • Educational seminars/workshops

Scarborough Capital also offers 401(k) and 403(b) Savings Plan Management services for those using employer-sponsored retirement plans. 

Scarborough Capital Management Investment Philosophy 

The firm mainly relies on asset allocation and diversification when managing client portfolios. Its main investment strategies include long-term purchases and short-term purchases. In its effort to build portfolios with efficient characteristics of risk and return, Scarborough Capital says it evaluates the volatility of different investment options and how they behave.

The firm also utilizes prospectuses, annual reports and U.S. Securities and Exchange Commission (SEC) filings when conducting investment research. 

Fees Under Scarborough Capital Management

The firm charges a maximum annual fee of 2.50% of assets for portfolio management services, but the firm does not provide an exact fee schedule. The average investment advisory fee is 0.95%, according to a 2018 study of 1,500 firms, so keep that in mind when you find out what your fees would be here.

For financial planning services, the fees are generally negotiable and range from $0 to $2,500. Scarborough Capital’s consultation services have hourly fees ranging from $250 to $500, and the firm charges no more than $10,000 for educational seminars and workshops. 

For Savings Plan Management services, the firm offers three different fee arrangements. It offers annual, quarterly and monthly rates for those with assets from $0 to more than $500,000. Annual fees range between $356 and $485, while quarterly fees range from $100 to $135. Monthly fees span between $35.99 and $45.99.

What to Watch Out For 

As of its most recent filings with the Securities and Exchange Commission, Scarborough Capital reported no disclosures of legal or disciplinary action.

One thing to note: as brokers and insurance agents, some advisors collect transaction-based fees, which pose potential conflicts of interest. That said, the firm has a fiduciary duty to work in clients' best interests. Also, advisors will tell clients that they aren't obligated to purchase any investment or insurance products recommended by advisors or IFG.

Opening an Account at Scarbourough Capital Management

Fill out this form to get in contact with Scarbourough and start the process of opening an account.

All information was accurate as of the writing of this article.

Tips for Investing

  • Finding a financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can have a free introductory call with your advisor matches to decide which one you feel is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

  • When researching advisors, keep an eye out for certifications. They aren’t required, so advisors who earned them have specialized training. They may also be held to higher fiduciary standards. To learn more about accreditations, read our article on the top 10 certifications

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research