9AT: MARYLAND CAPITAL ADVISORS, INC.

MARYLAND CAPITAL ADVISORS, INC.

MARYLAND CAPITAL ADVISORS, INC.

Adviser Profile

As of Date	03/02/2026
Registration	SEC, Approved, 12/06/2007
Other registrations (1)	Maryland, Terminated, 12/21/2007
ADV Location	CHESTER, MD, United States
Contact Info	410 xxxxxxx
Websites

AUM^*	490,763,859 43%
of that, discretionary	485,818,512 52%
Number of Employees	7 17%
of those in investment advisory functions	3 50%
Private Fund GAV^*	0
Avg Account Size	639,849 7%
% High Net Worth	55.15% 4%
SMA’s	Yes
Private Funds	0

Adviser Type

- Large advisory firm

Client Types

- Individuals (other than high net worth individuals)
- High net worth individuals
- Pension and profit sharing plans

Advisory Activities

- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses
- Pension consulting services
- Selection of other advisers

Compensation Arrangments

- A percentage of assets under your management
- Fixed fees (other than subscription fees)

Reported AUM

486M 416M 347M 278M 208M 139M 69M

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

Discretionary

Non-discretionary

Private Funds

No private funds

Employees

Brochure Summary

Overview

A Maryland Capital Advisors, Inc. (“MCA”, “we”, “us”, and “Advisors”) is a Maryland Corporation registered as an independent, referral-only, SEC-registered investment advisor under federal securities laws, rules and regulations, with our principal place of business located in Chester, Maryland. Michael Damas is the President, Chief Investment Officer, and sole owner of MCA, which was founded in 1997. B We create individualized tax- and cost- efficient portfolios for each client’s unique personal, professional, and investment situation1 . We combine long-standing academic portfolio theory with our decades of Wall Street experience in economic research, bond trading, and risk management. Our investment philosophy utilizes the substantial body of academic work known as Modern Portfolio Theory, and incorporates the academic research on factors of expected returns. In short, we believe that markets are efficient. This essentially means that we are not willing to spend our client’s valuable time and money attempting to determine which investments will perform

better or worse in the future. Stock-pickers and market-timers do not generate returns that are significantly different than those that we would expect from random chance. C MCA works with each client to create an Investment Policy Statement that outlines an asset allocation plan for the client’s portfolio. This document will be created after a detailed review of investible assets and discussions of risk-tolerance, investment horizon, financial plan, and other constraints. Then, we carefully craft and manage a globally-diverse investment portfolio consisting of a dozen or more asset classes using institutional class funds, exchange-traded funds, and individual fixed-income securities. Clients may choose to impose investment restrictions on certain securities or types of securities. D We do not participate in any wrap-fee programs. E MCA manages approximately $319,862,825 of client assets on a discretionary basis and approximately $22,232,801 of client assets on a non-discretionary basis. We also provide investment advice and counsel on an additional $77,026,960 of client assets. These amounts were calculated as of December 31, 2023.