Valley Forge Investment Consultants, Inc.
SEC-registered
Institutional / Pension Advisor · Mid-sized ($1B–$10B)
CRD 123898
· SEC file 801-107519
· Audubon, PA
· www.linkedin.com
☆ Save with Pro
ADV data as of Mar 30, 2026
- Regulatory AUM
- $3.5B
- Discretionary
- $852M
- Clients
- 384
- Avg AUM / client
- $9.1M
- Accounts
- 1,034
- Employees
- 16
AUM over time
$790M
$3.5B
Dec 2015
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 30, 2026
Investments (13F portfolio — 83 positions, $333,641,651)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Ishares Tr | CORE S&P500 ETF | $119,424,662 | 182,827 | 35.8% | 3.42% |
| 2 | Ishares Tr | CORE MSCI EAFE | $48,337,552 | 533,940 | 14.5% | 1.38% |
| 3 | Ishares Tr | CORE S&P MCP ETF | $22,988,286 | 340,416 | 6.89% | 0.66% |
| 4 | Schwab Strategic Tr | US LRG CAP ETF | $22,265,916 | 868,405 | 6.67% | 0.64% |
| 5 | Ishares Tr | CORE S&P SCP ETF | $21,634,782 | 174,039 | 6.48% | 0.62% |
| 6 | Schwab Strategic Tr | US MID-CAP ETF | $8,981,479 | 290,099 | 2.69% | 0.26% |
| 7 | Schwab Strategic Tr | US BRD MKT ETF | $8,133,336 | 324,037 | 2.44% | 0.23% |
| 8 | Schwab Strategic Tr | INTL EQTY ETF | $7,898,667 | 319,138 | 2.37% | 0.23% |
| 9 | Schwab Strategic Tr | US SML CAP ETF | $5,693,755 | 195,796 | 1.71% | 0.16% |
| 10 | Schwab Strategic Tr | US DIVIDEND EQ | $4,518,619 | 147,282 | 1.35% | 0.13% |
| 11 | Ishares Tr | RUS 1000 GRW ETF | $4,077,057 | 9,562 | 1.22% | 0.12% |
| 12 | Berkshire Hathaway Inc Del | CL A | $3,590,700 | 5 | 1.08% | 0.1% |
| 13 | Ishares Tr | CORE S&P US VLU | $3,452,366 | 33,764 | 1.03% | 0.1% |
| 14 | Ishares Tr | CORE US AGGBD ET | $3,082,286 | 31,050 | 0.92% | 0.09% |
| 15 | Ishares Tr | CORE S&P US GWT | $2,778,758 | 17,915 | 0.83% | 0.08% |
| 16 | Schwab Strategic Tr | US LCAP VA ETF | $2,353,475 | 77,163 | 0.71% | 0.07% |
| 17 | Schwab Strategic Tr | US LCAP GR ETF | $2,157,860 | 74,077 | 0.65% | 0.06% |
| 18 | Schwab Strategic Tr | US TIPS ETF | $2,029,971 | 76,286 | 0.61% | 0.06% |
| 19 | Vanguard Specialized Funds | DIV APP ETF | $1,971,517 | 9,167 | 0.59% | 0.06% |
| 20 | Vanguard Index Fds | SMALL CP ETF | $1,888,326 | 7,210 | 0.57% | 0.05% |
| 21 | Vanguard Index Fds | S&P 500 ETF SHS | $1,750,974 | 2,930 | 0.52% | 0.05% |
| 22 | Alphabet Inc | CAP STK CL A | $1,569,068 | 5,456 | 0.47% | 0.04% |
| 23 | Dimensional Etf Trust | US CORE EQUITY 2 | $1,538,040 | 39,579 | 0.46% | 0.04% |
| 24 | Vanguard Intl Equity Index F | FTSE EMR MKT ETF | $1,454,562 | 26,911 | 0.44% | 0.04% |
| 25 | Ishares Tr | MSCI EAFE MIN VL | $1,433,240 | 15,686 | 0.43% | 0.04% |
Top 25 of 83 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 82 | $39.1M | 1.12% |
| High net worth individuals | 158 | $927M | 26.5% |
| Pension and profit sharing plans | 128 | $2.5B | 70.7% |
| Charitable organizations | 9 | $30.0M | 0.86% |
| Corporations and other businesses | 7 | $28.2M | 0.81% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
People (15)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Michael Joseph Maher | Chairman/Ceo | Jan 1989 (38y) | 50% – 75% | |
| Stephen Thomas Mumford | President | CFP | Feb 2007 (19y) | Less than 5% |
| Hanna, Trina, Bianca Menta | Treasurer | Dec 2018 (8y) | Less than 5% | |
| Maher, Sean | Vice Chairman | Dec 2018 (8y) | 50% – 75% | |
| Mallick, Michael, Gregory | Secretary | Dec 2018 (8y) | Less than 5% | |
| Lannon, Patrick, Michael | Chief Compliance Officer | Mar 2023 (3y) | Less than 5% | |
| Brett David Keller | Registered representative | May 1994 (32y) | ||
| Edward John Mcnicholas | Registered representative | Mar 2002 (24y) | ||
| Rachel Elizabeth Kalivas | Registered representative | CFP | Feb 2017 (9y) | |
| Nicole Kelly | Registered representative | Mar 2018 (8y) | ||
| Connor Joseph Kenny | Registered representative | CFA | Apr 2018 (8y) | |
| Steven Michael Baymor | Registered representative | Apr 2023 (3y) | ||
| William Tyler Kingsbury | Registered representative | Sep 2024 (2y) | ||
| Peyton Michael Vostenak | Registered representative | Apr 2026 (0y) | ||
| Cameron Miller | Registered representative | Jul 2026 (0y) |
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Retirement plans served (17)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Marshall Industrial Technologies Savings & Retirement Plan | Marshall Industrial Technologies | 89 | $14.5M | 01/01/2024 |
| Phillips Mushroom Farms 401 K Plan | Phillips Mushroom Farms, L.P. | 493 | $24.4M | 01/01/2024 |
| Harleysville Bank 401(k) Plan | Harleysville Bank | 115 | $24.9M | 01/01/2024 |
| Kaolin Mushroom Farms, Inc. 401(k) Retirement Plan | Kaolin Mushroom Farms, Inc. | 529 | $18.2M | 01/01/2024 |
| Tri Century Eye Care, P.C. 401(k) Profit Sharing Plan | Tri Century Eye Care, P.C. | 89 | $22.2M | 01/01/2024 |
| Bpg Real Estate Services 401(k) Plan | Bpg Real Estate Services, Llc | 533 | $16.9M | 01/01/2024 |
| Verisma Systems, Inc. 401(k) Plan | Verisma Systems, Inc. | 1,437 | $9.4M | 01/01/2024 |
| Us Pack Services, Llc 401(k) Plan | Us Pack Services, Llc | 314 | $11.6M | 01/01/2024 |
| Sigma Engineered Solutions Retirement Plan | Sigma Electric Manufacturing Corporation | 376 | $24.0M | 01/01/2024 |
| Restorixhealth 401(k) Plan | Restorixhealth | 999 | $48.0M | 01/01/2024 |
| Nardone Brothers Baking Company, Inc. 401(k) Retirement Plan | Nardone Brothers Baking Company, Inc. | 355 | $5.9M | 01/01/2024 |
| Medrisk Llc 401(k) Plan | Medrisk, Llc | 1,197 | $51.8M | 01/01/2024 |
| Lancaster Orthopedic Group, P.C. Profit Sharing 401(k) Plan | Lancaster Orthopedic Group, P.C. | 213 | $34.2M | 01/01/2024 |
| Evervet 401(k) Retirement Plan | Evervet Operations, Llc | 660 | $13.2M | 01/01/2024 |
| Signant Health 401(k) Plan | Signant Health Global Llc | 585 | $108M | 01/01/2024 |
| Miter Brands 401(k) Plan | Mi Windows And Doors, Llc | 5,362 | $304M | 01/01/2024 |
| Curtis Bay Energy, Inc. 401 K Retirement Plan | Curtis Bay Energy, Inc. | 0 | $0 | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/30/2026 | 1.89 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
- • Selection of other advisers
Custody
Reported custodians
- Empower Financial Services, Inc. $573M (16% of AUM) Mar 2026
- Voya Financial $473M (14% of AUM) Mar 2026
- Charles Schwab & Co. $454M (13% of AUM) Mar 2026
- Fidelity Brokerage Services $440M (13% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 30, 2026.
View current Form ADV (SEC/IAPD) ↗