# Raul Shah

> Raul Shah is a fee-only financial advisor at DocShah Financial in Ellicott City, Maryland. Raul charges a percentage of assets and a one-time planning fee (one-time plans from $3,000) and focuses on retirement planning and estate & legacy planning.

Page: https://find.wellspent.co/advisors/raul-shah/
Built from SEC adviser records and the firm's website; last checked October 30, 2026.

## Facts

- **Firm:** DocShah Financial
- **Based in:** Ellicott City, Maryland
- **Fee model:** Percentage of assets; One-time planning fee
- **Fees (firm's website):** one-time plans from $3,000
- **Accepting new clients:** Yes (firm's website)
- **Assets under management (firm):** $4.2M across 33 accounts
- **Specialties:** Retirement planning, Estate & legacy planning
- **CRD:** 7782585 (https://adviserinfo.sec.gov/individual/summary/7782585)
- **SEC registration:** Investment adviser representative in MD, TX
- **Exams passed:** Series 65 (2023)
- **Firm size:** 1 employee
- **Disclosures:** None reported
- **Website:** https://www.docshahfinancial.com

## Frequently asked questions

### Is Raul Shah a fee-only financial advisor?

Yes, according to SEC records as of October 29, 2026: Raul holds no broker registration, and DocShah Financial reports no commissions, no broker-dealer, and no insurance sales or affiliated insurance agency on its Form ADV.

### How does Raul charge for financial advice?

Raul charges a percentage of assets and a one-time planning fee.

### How much does Raul charge?

According to DocShah Financial's website, checked October 30, 2026: one-time plans from $3,000.

### Where is Raul Shah based?

Raul Shah is based in Ellicott City, Maryland.

### What does Raul specialize in?

Raul's specialties include retirement planning and estate & legacy planning.

### Is Raul Shah registered with the SEC?

Yes. Raul Shah is registered as an investment adviser representative in MD and TX (CRD 7782585), per SEC Investment Adviser Public Disclosure data as of October 29, 2026.

### How much does DocShah Financial manage?

DocShah Financial reports $4.2M across 33 accounts in assets under management.

### How do I contact Raul Shah?

Through Raul's website, www.docshahfinancial.com.

## Sources

- SEC adviser records (https://adviserinfo.sec.gov/individual/summary/7782585): the firm's Form ADV reports no commissions, no broker-dealer, and no insurance sales or affiliated insurance agency, and the advisor holds no broker registration
- SEC Investment Adviser Public Disclosure and Form ADV: registration, exams, and firm facts, data as of October 29, 2026
- The firm's website (https://docshahfinancial.com/): specialties, clients served, and fees, checked October 30, 2026

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Source: Wellspent, the public graph of fee-only advisors (https://find.wellspent.co). No paid placement.