Michael J. Damas

MARYLAND CAPITAL ADVISORS

Chester, MD 21619

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CRD#: 1897830

Professional summary

Michael John Damas is a registered financial advisor currently at MARYLAND CAPITAL ADVISORS, INC. located in Chester, Maryland.

Michael is registered as an IAR (Investment Advisor Representative) and started their career in finance in 1988. Michael has worked at 4 firms and has passed the Series 65, Series 63, Series 7, Series 8 and Series 24 exams.

Question & Answer

Are you a "fiduciary"?

Yes

Aliases

None

Other business activities

Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.

RENTAL PROPERTY, MANAGING MEMBER

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view Michael John Damas's CRS (Customer Relationship Summary).

CRS (Customer Relationship Summary)

Certified licenses

Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®

None

Experience

Current

March 18, 2010 - Present

MARYLAND CAPITAL ADVISORS, INC.

Office #1: 7 Chester Plaza, Chester, MD 21619

RIA

CRD#: 134875

Chester, MD

Past

September 16, 1996 - May 19, 1997

HSBC SECURITIES (USA) INC.

CRD#: 19585

NEW YORK CITY, NY

Past

April 26, 1991 - June 7, 1996

UBS SECURITIES LLC

CRD#: 7654

NEW YORK, NY

Past

November 23, 1988 - April 10, 1991

CHASE SECURITIES, INC.

CRD#: 10793

NEW YORK, MD

Primary Firm SEC Registration

This SEC-registered firm can serve clients nationwide. Some states may require the firm to submit a notice filing if the firm has more than 5 clients or a physical office there. You can view these state-level filings under the section titled "State Registrations and Notice Filings".

MARYLAND CAPITAL ADVISORS, INC.

CRD#: 134875 / SEC#: 801-68593

RIA

Registered Investment Advisory firm - (12/6/2007 Approved)

Maryland

Registered Investment Advisory firm - (12/21/2007 Terminated)

Why is a state registration marked "Terminated"? When a firm registers with the SEC (usually after managing $100M+ AUM), it often withdraws separate state firm registrations unless required by that state. The firm can still serve clients there through its individually registered Investment Advisor Representatives (IARs).

State Registrations and Notice Filings

Listed states reflect where the advisor is authorized to serve clients under state regulations.

IAR

means the advisor is registered as an Investment Advisor Representative in this state and is authorized to provide investment advice to clients there.

Highlighted states indicate IAR registrations

IAR

Maryland
(3/18/2010)

IAR

North Carolina
(3/19/2025)

IAR

Texas
(1/18/2017)

Don't see your state listed? The advisor may still be able to work with you under the federal De Minimis Rule, which allows up to five investment advisory clients in a state without registration. Some states, like TX, LA, NE, and NH, may still require registration or notice filing. Contact the advisor or their firm to confirm their investment advisory availability in your state.

Exams

State Security Law Exam

IAR

Series 65

Date: 3/7/2010

Uniform Investment Adviser Law Examination

State Security Law Exam

Series 63

Date: 1/17/1989

Uniform Securities Agent State Law Examination

General Industry/Product Exam

Series 7

Date: 11/19/1988

General Securities Representative Examination

Principal/Supervisory Exam

Series 8

Date: 9/26/1996

General Securities Sales Supervisor Examination (Options Module & General Module)

Principal/Supervisory Exam

Series 24

Date: 4/27/1994

General Securities Principal Examination

Current Firm

MARYLAND CAPITAL ADVISORS, INC.

CRD#: 134875 / SEC#: 801-68593

RIA

Registered Investment Advisory firm - (12/6/2007 Approved)

Maryland

Registered Investment Advisory firm - (12/21/2007 Terminated)

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Contact information

Main Address

7 Chester Plaza, Chester, MD 21619

Mailing Address

Phone number

(410) 604-2741

Established

Firm type

Fiscal year end

# of Employees

SEC notice filing (8 States and Territories)

Documents

Customer Relationship Summary (CRS / SEC)

Latest Form ADV

Part 2 Brochures

MARYLAND CAPITAL, ADV PART 2A (3/19/2025)

Regulatory assets under management

Total Number of Accounts	712
AUM (Assets Under Management)	$ 428,562,226

Red Flags

Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.

Check for any disclosures as part of your thorough research when choosing an advisor.

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Michael J. Damas

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view Michael John Damas's CRS (Customer Relationship Summary).

Certified licenses

Experience

HSBC SECURITIES (USA) INC.

UBS SECURITIES LLC

CHASE SECURITIES, INC.

Primary Firm SEC Registration

MARYLAND CAPITAL ADVISORS, INC.

State Registrations and Notice Filings

Exams

Series 65

Date: 3/7/2010

Series 63

Date: 1/17/1989

Series 7

Date: 11/19/1988

Series 8

Date: 9/26/1996

Series 24

Date: 4/27/1994

Current Firm

MARYLAND CAPITAL ADVISORS, INC.

Contact information

SEC notice filing (8 States and Territories)

Documents

Part 2 Brochures

Regulatory assets under management

Red Flags

Company Information

MARYLAND CAPITAL ADVISORS, INC.

TRUST BUT VERIFY

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