# Founders Financial Securities

Founders Financial Securities is a Bank / Wealth / Trust based in Towson, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Towson, United States
- **Region:** North America
- **Address:** Towson, MD, United States
- **Founded:** 2004
- **Assets under management:** Undisclosed
- **Website:** foundersfinancial.com
- **LinkedIn:** https://www.linkedin.com/company/foundersfinancial

## Regulatory record

- **CRD number:** 137945
- **SEC file number:** 801-66892
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-04-20T05:00:00.000Z
- **Reports private funds:** No
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/137945

## About

Todd Shapera founded Founders Financial Securities LLC in 2004, establishing the registered investment adviser in Towson, Maryland. The firm operates as a locally-rooted wealth manager providing financial planning, portfolio management, and pension consulting to a client base that includes individuals, high-net-worth households, trusts, and corporate retirement plans. Michael Shapera serves as a principal alongside Todd Shapera. The practice centers on traditional advisory services: investment management across equity and fixed-income portfolios, retirement plan consulting for small to mid-sized businesses, and integrated financial planning. The firm's registration as an investment adviser with the SEC dates to its founding year and covers discretionary and non-discretionary accounts. Client assets are custodied through third-party platforms typical of an independent RIA. Founders Financial operates from a single office in Towson, a northern Baltimore suburb. The firm's narrow geographic and service footprint reflects the independent RIA archetype — a small team managing concentrated client relationships without institutional backing or a proprietary product shelf. No separate philanthropic vehicle, family office entity, or alternative-investment platform is publicly associated with the firm. What distinguishes the practice structurally is its survival as a fully independent, founder-led advisory in a period when thousands of similar firms have sold to aggregators like Creative Planning, Mariner Wealth Advisors, or Hightower. There is no public record of private equity investment or a merger event.

## Sectors

- Wealth Management
- Financial Planning

## People

- Todd Shapera — President
- Michael Shapera — Principal

## Questions

### Who runs investment decisions at Founders Financial Securities?

Todd Shapera, as president and founder, oversees investment management decisions. Michael Shapera also serves as a principal. The firm operates with a small team structure typical of independent RIAs, where principals are directly involved in portfolio construction and client investment policy.

### Is Founders Financial affiliated with a broker-dealer or consolidator?

No. Founders Financial Securities is an independent registered investment adviser that has operated under its own SEC registration since 2004. Public records show no affiliation with a larger broker-dealer network, aggregator platform, or private-equity-backed roll-up.

### Does Founders Financial operate any pooled investment vehicles or alternative-investment offerings?

There is no public record of Founders Financial managing pooled investment vehicles, private funds, or offering alternative-investment products. The firm's public disclosures describe standard advisory and financial planning services without direct private-market capabilities.

## Related profiles

- [Founder Securities](https://altss.com/profile/founder-securities)
- [Foundry Financial](https://altss.com/profile/foundry-financial)

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Last updated: 2026-06-03T20:00:00.000Z

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