# EDGAR Filing Document

**Accession Number:** 0001883629
**File Stem:** 0001883629-23-000002
**Filing Date:** 2023-1
**Character Count:** 11388
**Document Hash:** be58682fc385e3a892dceb391db356df
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001883629-23-000002.hdr.sgml**: 20230127

**ACCESSION NUMBER**: 0001883629-23-000002

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230127

**DATE AS OF CHANGE**: 20230126

**EFFECTIVENESS DATE**: 20230127

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Financial Council Asset Management Inc
- **CENTRAL INDEX KEY:** 0001883629
- **IRS NUMBER:** 521935815
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21398
- **FILM NUMBER:** 23559027

**BUSINESS ADDRESS:**
- **STREET 1:** 100 WEST ROAD
- **STREET 2:** SUITE 504
- **CITY:** TOWSON
- **STATE:** MD
- **ZIP:** 21204
- **BUSINESS PHONE:** 410-821-9200

**MAIL ADDRESS:**
- **STREET 1:** 100 WEST ROAD
- **STREET 2:** SUITE 504
- **CITY:** TOWSON
- **STATE:** MD
- **ZIP:** 21204

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Financial Council Asset Management Inc<br>**Address:** 100 WEST ROAD<br>SUITE 504<br>TOWSON, MD 21204

**Form 13F File Number:** 028-21398

**CRD Number (if applicable):** 000110748

**SEC File Number (if applicable):** 801-51360

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Mark Traub<br>**Title:** Chief Compliance Officer<br>**Phone:** 410-821-9200

**Signature, Place, and Date of Signing:**

Mark Traub  Towson, MD  01-26-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 72

**Form 13F Information Table Value Total:** $159673553

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| Abbott Laboratories | COM | 002824100 |  | 754367 | 6871 | SH |  | SOLE |  | 0 | 0 | 6871 |
| Abbvie Inc | COM | 00287Y109 |  | 971114 | 6009 | SH |  | SOLE |  | 0 | 0 | 6009 |
| Adobe Inc | COM | 00724F101 |  | 213697 | 635 | SH |  | SOLE |  | 0 | 0 | 635 |
| Alphabet Inc | CAP STK CL A | 02079K305 |  | 448208 | 5080 | SH |  | SOLE |  | 0 | 0 | 5080 |
| Alphabet Inc Capital Stock Cl C | CAP STK CL C | 02079K107 |  | 502212 | 5660 | SH |  | SOLE |  | 0 | 0 | 5660 |
| Amazon.com Inc | COM | 023135106 |  | 473760 | 5640 | SH |  | SOLE |  | 0 | 0 | 5640 |
| Apple Inc | COM | 037833100 |  | 6043566 | 46514 | SH |  | SOLE |  | 0 | 0 | 46514 |
| Bank of America Corp | COM | 060505104 |  | 357615 | 10798 | SH |  | SOLE |  | 0 | 0 | 10798 |
| Berkshire Hathaway Inc Cl B | CL B | 084670702 |  | 366664 | 1187 | SH |  | SOLE |  | 0 | 0 | 1187 |
| Capital Group Dividend Value ETF | SHS CREATION UNI | 14020W106 |  | 370292 | 15697 | SH |  | SOLE |  | 0 | 0 | 15697 |
| Capital Group Global Growth Equity ETF | SHS CREATION UNI | 14020X104 |  | 20311288 | 966744 | SH |  | SOLE |  | 0 | 0 | 966744 |
| Capital Group Growth ETF | SHS CREATION UNI | 14020G101 |  | 10404915 | 521811 | SH |  | SOLE |  | 0 | 0 | 521811 |
| Cisco Systems Inc | COM | 17275R102 |  | 284840 | 5979 | SH |  | SOLE |  | 0 | 0 | 5979 |
| Coca-Cola Co. | COM | 191216100 |  | 1549603 | 24361 | SH |  | SOLE |  | 0 | 0 | 24361 |
| Colliers International Group Inc Sub-vtg Com | SUB VTG SHS | 194693107 |  | 265535 | 2885 | SH |  | SOLE |  | 0 | 0 | 2885 |
| Danaher Corp | COM | 235851102 |  | 234897 | 885 | SH |  | SOLE |  | 0 | 0 | 885 |
| Dimensional U.S. Core Equity 2 ETF | US CORE EQUITY 2 | 25434V708 |  | 2368951 | 97568 | SH |  | SOLE |  | 0 | 0 | 97568 |
| Dimensional U.S. Equity ETF | US EQUITY ETF | 25434V401 |  | 2353628 | 56564 | SH |  | SOLE |  | 0 | 0 | 56564 |
| Dimensional U.S. Marketwide Value ETF | US MKTWIDE VALUE | 25434V724 |  | 823106 | 24585 | SH |  | SOLE |  | 0 | 0 | 24585 |
| Eli Lilly  Co | COM | 532457108 |  | 225357 | 616 | SH |  | SOLE |  | 0 | 0 | 616 |
| Empire State Realty Trust Inc | CL A | 292104106 |  | 80914 | 12005 | SH |  | SOLE |  | 0 | 0 | 12005 |
| Exxon Mobil Corp | COM | 30231G102 |  | 2302182 | 20872 | SH |  | SOLE |  | 0 | 0 | 20872 |
| Firstservice Corp | COM | 33767E202 |  | 1225500 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| Honeywell International Inc | COM | 438516106 |  | 222015 | 1036 | SH |  | SOLE |  | 0 | 0 | 1036 |
| Humana Inc | COM | 444859102 |  | 278119 | 543 | SH |  | SOLE |  | 0 | 0 | 543 |
| iShares Core MSCI Emerging Markets ETF | CORE MSCI EMKT | 46434G103 |  | 3830054 | 82014 | SH |  | SOLE |  | 0 | 0 | 82014 |
| iShares Core MSCI Total International Stock ETF | CORE MSCI TOTAL | 46432F834 |  | 607798 | 10501 | SH |  | SOLE |  | 0 | 0 | 10501 |
| iShares Core S 500 ETF | CORE S ETF | 464287200 |  | 3866209 | 10063 | SH |  | SOLE |  | 0 | 0 | 10063 |
| iShares Core S Mid-Cap ETF | CORE S MCP ETF | 464287507 |  | 4465732 | 18462 | SH |  | SOLE |  | 0 | 0 | 18462 |
| iShares Core S Small-Cap ETF | CORE S SCP ETF | 464287804 |  | 304552 | 3218 | SH |  | SOLE |  | 0 | 0 | 3218 |
| iShares Core S U.S. Value ETF | CORE S US VLU | 464287663 |  | 7363884 | 104260 | SH |  | SOLE |  | 0 | 0 | 104260 |
| iShares Core Total Usd Bond Market ETF | CORE TOTAL USD | 46434V613 |  | 14570709 | 324298 | SH |  | SOLE |  | 0 | 0 | 324298 |
| iShares Core U.S. Growth ETF | CORE S US GWT | 464287671 |  | 8429331 | 103402 | SH |  | SOLE |  | 0 | 0 | 103402 |
| iShares Global 100 ETF | GLOBAL 100 ETF | 464287572 |  | 203427 | 3176 | SH |  | SOLE |  | 0 | 0 | 3176 |
| iShares MSCI Acwi ETF | MSCI ACWI ETF | 464288257 |  | 4966015 | 58506 | SH |  | SOLE |  | 0 | 0 | 58506 |
| iShares MSCI Acwi Ex U.S. ETF | MSCI ACWI EX US | 464288240 |  | 1951359 | 42887 | SH |  | SOLE |  | 0 | 0 | 42887 |
| iShares National Municipal Bond ETF | NATIONAL MUN ETF | 464288414 |  | 3497038 | 33141 | SH |  | SOLE |  | 0 | 0 | 33141 |
| iShares Russell 3000 ETF | RUSSELL 3000 ETF | 464287689 |  | 4090304 | 18535 | SH |  | SOLE |  | 0 | 0 | 18535 |
| iShares Short-Term National Municipal Bond ETF | SHRT NAT MUN ETF | 464288158 |  | 16303449 | 156358 | SH |  | SOLE |  | 0 | 0 | 156358 |
| Johnson  Johnson | COM | 478160104 |  | 382843 | 2167 | SH |  | SOLE |  | 0 | 0 | 2167 |
| JPMorgan Chase  Co | COM | 46625H100 |  | 893106 | 6660 | SH |  | SOLE |  | 0 | 0 | 6660 |
| Leidos Holdings Inc | COM | 525327102 |  | 317358 | 3017 | SH |  | SOLE |  | 0 | 0 | 3017 |
| Mastercard Inc | CL A | 57636Q104 |  | 285834 | 822 | SH |  | SOLE |  | 0 | 0 | 822 |
| McDonald's Corp | COM | 580135101 |  | 215304 | 817 | SH |  | SOLE |  | 0 | 0 | 817 |
| Merck  Co Inc | COM | 58933Y105 |  | 464548 | 4187 | SH |  | SOLE |  | 0 | 0 | 4187 |
| Microsoft Corp | COM | 594918104 |  | 2465917 | 10282 | SH |  | SOLE |  | 0 | 0 | 10282 |
| Nvidia Corp | COM | 67066G104 |  | 243762 | 1668 | SH |  | SOLE |  | 0 | 0 | 1668 |
| Oracle Corp | COM | 68389X105 |  | 211707 | 2590 | SH |  | SOLE |  | 0 | 0 | 2590 |
| PepsiCo Inc | COM | 713448108 |  | 717943 | 3974 | SH |  | SOLE |  | 0 | 0 | 3974 |
| Pfizer Inc | COM | 717081103 |  | 284843 | 5559 | SH |  | SOLE |  | 0 | 0 | 5559 |
| PNC Financial Services Group Inc | COM | 693475105 |  | 202005 | 1279 | SH |  | SOLE |  | 0 | 0 | 1279 |
| Procter  Gamble Co | COM | 742718109 |  | 2314592 | 15272 | SH |  | SOLE |  | 0 | 0 | 15272 |
| Raytheon Technologies Corp | COM | 75513E101 |  | 206684 | 2048 | SH |  | SOLE |  | 0 | 0 | 2048 |
| Science Applications International Corp | COM | 808625107 |  | 226075 | 2038 | SH |  | SOLE |  | 0 | 0 | 2038 |
| SPDR Nuveen Barclays Municipal Bond ETF | NUVEEN BLMBRG MU | 78468R721 |  | 434166 | 9517 | SH |  | SOLE |  | 0 | 0 | 9517 |
| SPDR Nuveen Barclays St Municipal ETF | NUVEEN BLMBRG SH | 78468R739 |  | 202343 | 4307 | SH |  | SOLE |  | 0 | 0 | 4307 |
| SPDR Portfolio S 500 Growth ETF | PRTFLO S GW | 78464A409 |  | 2060648 | 40668 | SH |  | SOLE |  | 0 | 0 | 40668 |
| SPDR Portfolio S 500 Value ETF | PRTFLO S VL | 78464A508 |  | 5776021 | 148522 | SH |  | SOLE |  | 0 | 0 | 148522 |
| SPDR S 500 ETF Trust | TR UNIT | 78462F103 |  | 900548 | 2355 | SH |  | SOLE |  | 0 | 0 | 2355 |
| Technology Select Sector SPDR Fund | TECHNOLOGY | 81369Y803 |  | 215655 | 1733 | SH |  | SOLE |  | 0 | 0 | 1733 |
| Texas Instruments Inc | COM | 882508104 |  | 232630 | 1408 | SH |  | SOLE |  | 0 | 0 | 1408 |
| The Estee Lauder Companies Inc | CL A | 518439104 |  | 223051 | 899 | SH |  | SOLE |  | 0 | 0 | 899 |
| The Home Depot Inc | COM | 437076102 |  | 324072 | 1026 | SH |  | SOLE |  | 0 | 0 | 1026 |
| The Walt Disney Co | COM | 254687106 |  | 259143 | 2983 | SH |  | SOLE |  | 0 | 0 | 2983 |
| Thermo Fisher Scientific Inc | COM | 883556102 |  | 325458 | 591 | SH |  | SOLE |  | 0 | 0 | 591 |
| UnitedHealth Group Inc | COM | 91324P102 |  | 388622 | 733 | SH |  | SOLE |  | 0 | 0 | 733 |
| Vanguard Information Technology Index Fund ETF Shares | INF TECH ETF | 92204A702 |  | 327076 | 1024 | SH |  | SOLE |  | 0 | 0 | 1024 |
| Vanguard S Small-Cap 600 Index Fund ETF Shares | SMLLCP 600 IDX | 921932828 |  | 822876 | 4748 | SH |  | SOLE |  | 0 | 0 | 4748 |
| Vanguard Total Bond Market Index Fund ETF Shares | TOTAL BND MRKT | 921937835 |  | 8826406 | 122862 | SH |  | SOLE |  | 0 | 0 | 122862 |
| Vanguard Total Stock Market Index Fund ETF Shares | TOTAL STK MKT | 922908769 |  | 541102 | 2830 | SH |  | SOLE |  | 0 | 0 | 2830 |
| Verizon Communications Inc | COM | 92343V104 |  | 222273 | 5641 | SH |  | SOLE |  | 0 | 0 | 5641 |
| Visa Inc | COM | 92826C839 |  | 276736 | 1332 | SH |  | SOLE |  | 0 | 0 | 1332 |

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