About Us

Founded in 1978, Maryland Capital Management (MCM) is an independent investment management firm with over $1 billion in assets under management serving high net worth and institutional investors.

Meet Our Team

Jeff L. Caples, CFA
Jeff L. Caples, CFASenior Vice President and Portfolio Manager
Jeff joined MCM in 2009. Prior to joining the firm, Jeff spent nine years at Legg Mason Trust where he was a key member of the team responsible for the unit’s growth into a multi-billion dollar AUM firm. Upon leaving, Jeff was a Managing Director of Legg Mason Investment Counsel & Trust and Head of the Portfolio Management Team at its Baltimore headquarters. Prior to his experience at Legg Mason, Jeff was affiliated with both Brown Advisory and T. Rowe Price. Jeff is a Chartered Financial Analyst (CFA) and holds a B.A. from Denison University and an M.B.A. from the University of Maryland Robert H. Smith School of Business. He currently serves on the Board of Directors for the R. H. Smith Foundation at the University of Maryland and is the past President of the Denison University Alumni Club of Baltimore. Jeff is also an active member of the CFA Institute, and the Baltimore CFA Society, where he previously served on the Board of Directors.
James P. Gauthier, CFA
James P. Gauthier, CFAPortfolio Manager
Jim joined MCM in 2016 and has 25 years of investment experience. Before joining the firm he worked as a Senior Investment Counselor for PNC/Hawthorn. Prior to that he was a Managing Director at BlackRock Inc. He also spent 9 years at Legg Mason Investment Counsel as Managing Director and Senior Portfolio Manager where he oversaw approximately $750 million in assets. Jim is a Chartered Financial Analyst (CFA) and holds a B.S. in Finance and a B.A. in Economics from Towson University and his M.S.F from Loyola University of Maryland. Jim is also a member of the CFA Institute, and the Baltimore CFA Society, where he previously served on the Board of Directors and was a two term President.