Tufton Capital Management, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Tufton Capital Management provides discretionary, fee-only investment management to individuals, retirement plans, trusts, estates, charitable organizations and corporations, managing about $463.8 million for roughly 248 clients. Its client service model includes collaborative development of an investment policy statement and regular written reporting in addition to custodial statements.
The firm conducts proprietary fundamental research and follows a value-oriented approach that blends growth and value equities with fixed income and short‑term investments; turnover is described as very low and options may be used in specific circumstances. Portfolio managers exercise full investment discretion within client-established parameters such as risk tolerance, return expectations, time horizon and any account restrictions.
Tufton recently underwent a change in ownership and is now owned by Mercer Global Advisors, a transition that the brochure notes is in the process of transferring client assets to the acquirer. Beyond standard reporting, the firm also distributes periodic client communications (newsletters), runs educational seminars/workshops, and publicly advertises performance results — features that are less common among similarly supported firms.
Client services
Expertise
Fee options
Flat fee available at firm discretion
$0 - $2,000,000: 1.00% $2,000,001 - $5,000,000: 0.75% $5,000,001+: 0.50%
Support staff: $75/hour; Investment professionals: $175 - $200/hour
Account minimum: $500,000 Fee-only: Fee-only basis (no commissions or sales charges from securities)
Main office
303 International Circle, Suite 430
Hunt Valley MD 21030
Advisors at this office
4
Most active in
Florida · Maryland · Massachusetts · New York · North Carolina · Pennsylvania · Virginia
Also doing business as
Hardesty Capital Management Corp. · Tufton Capital Management · Tufton Capital Management, LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Advisors at this firm
Eric S
Series 63, Series 65
Hunt Valley, MD
Tufton Capital Management, LLC
Eric Schopf is a financial advisor at Mercer Global Advisors Inc. with 24 years of industry experience. He holds Series 63 and Series 65 licenses and previously worked for nine years at Tufton Capital Management before joining Mercer in 2025. Mercer Global Advisors provides investment advisory and related planning services to a diverse client base, including individuals, high-net-worth families, small business owners, corporate plan sponsors, foundations, and other nonprofit organizations. The firm’s investment approach is based on Modern Portfolio Theory and features globally diversified, risk-appropriate portfolios with multi-factor tilts, regular rebalancing, and tax management where appropriate.
Charles M
CFA®, Series 63
Hunt Valley, MD
Tufton Capital Management, LLC
Charles Meyer is a CFA® charterholder with 12 years of industry experience. He is currently with Mercer Global Advisors Inc., having joined after the acquisition of Tufton Capital Management, where he worked for nine years. Tufton Capital Management is a fee-only, discretionary investment adviser managing approximately $810 million in assets, serving individuals, retirement plans, trusts, estates, charitable organizations, and corporations. The firm employs a value-oriented investment approach focused on large U.S. companies, constructing portfolios across money market instruments, fixed income, and equities with low turnover.
John M
Hunt Valley, MD
Tufton Capital Management, LLC
John Murphy is a financial advisor at Tufton Capital Management, LLC with 29 years of industry experience. He has worked at Tufton Capital Management since 2016 and joined Mercer Global Advisors Inc. in 2025. Murphy serves as a co-trustee for a client trust, acting as an intermediary among co-trustees, portfolio managers, and trust beneficiaries. Tufton Capital Management provides discretionary, fee-only investment management to individuals, retirement plans, trusts, estates, charitable organizations, and corporations. The firm employs a value-oriented investment approach combining growth and value equities with fixed income and short-term investments, emphasizing low turnover and full investment discretion within client guidelines.
Ricky R
CFA®
Hunt Valley, MD
Tufton Capital Management, LLC
Ricky Rubin is a CFA® charterholder with 10 years of industry experience. He has worked at Tufton Capital Management from 2016 to 2025 and has been with Mercer Global Advisors Inc. since 2025. Tufton Capital Management is a fee-only, discretionary investment adviser serving individuals, retirement plans, trusts, estates, charitable organizations, and corporations. The firm employs a value-oriented investment approach focused on large U.S. companies and constructs portfolios across money market instruments, fixed income, and equities with low turnover.
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