Loading
Tap on the profile icon to edit
your financial details.

Top Financial Advisors in Baltimore, MD

Your Details Done
by Updated

Finding a Top Financial Advisor Firm in Baltimore, Maryland

The hunt to find a financial advisor that meets your needs can be challenging and lengthy. That’s why SmartAsset researched all Baltimore-based financial advisors registered with the U.S. Securities and Exchange Commission (SEC) and pored through each company’s paperwork. Based on this research, we've provided information on the top financial advisor firms in Baltimore. 

Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 1919 Investment Counsel 1919 Investment Counsel logo Find an Advisor

Read Review

$11,250,678,157

$2,000,000

  • Investment management
  • Financial planning
  • Family office services

Minimum Assets

$2,000,000

Financial Services

  • Investment management
  • Financial planning
  • Family office services
2 Maryland Capital Management Maryland Capital Management logo Find an Advisor

Read Review

$1,036,401,558 $500,000
  • Portfolio construction
  • Investment solutions

Minimum Assets

$500,000

Financial Services

  • Portfolio construction
  • Investment solutions
3 WBH Advisory WBH Advisory logo Find an Advisor

Read Review

$644,600,000 No set account minimum
  • Investment management
  • Financial planning
  • Estate planning
  • Income tax planning

Minimum Assets

No set account minimum

Financial Services

  • Investment management
  • Financial planning
  • Estate planning
  • Income tax planning

Let us help match you with the right financial advisor for your needs.

Answer a few questions to get a personalized match.
Get started
4 A.G. Campbell Advisory A.G. Campbell Advisory logo Find an Advisor

Read Review

$288,365,274 No set account minimum
  • Financial planning
  • Investment management
  • Non-discretionary and discretionary portfolio management

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Investment management
  • Non-discretionary and discretionary portfolio management
5 &Wealth Partners &Wealth Partners logo Find an Advisor

Read Review

$266,703,719 No minimum account size, but minimum annual fee of $10,000
  • Financial planning
  • Consulting
  • Investment management 
  • Divorce financial planning

Minimum Assets

No minimum account size, but minimum annual fee of $10,000

Financial Services

  • Financial planning
  • Consulting
  • Investment management 
  • Divorce financial planning
6 Armstrong Dixon Armstrong Dixon logo Find an Advisor

Read Review

$180,240,382 No set account minimum
  • Financial planning and advisory services
  • Risk management
  • Investment advisory services

Minimum Assets

No set account minimum

Financial Services

  • Financial planning and advisory services
  • Risk management
  • Investment advisory services
7 Facet Wealth Facet Wealth logo Find an Advisor

Read Review

$22,988,015 No set account minimum
  • Comprehensive financial planning
  • Cash flow and income planning
  • Retirement planning
  • Estate planning
  • Debt management

 

Minimum Assets

No set account minimum

Financial Services

  • Comprehensive financial planning
  • Cash flow and income planning
  • Retirement planning
  • Estate planning
  • Debt management

 

How We Found the Top Financial Advisor Firms in Baltimore, Maryland

We narrowed the field by only considering Baltimore financial advisor firms that are registered with the U.S. Securities and Exchange Commission (SEC). SEC-registered financial advisors are required to file regulatory paperwork each year and must comply with fiduciary rules, which means they're required to act in the client’s best interest. We cut firms with disclosures or disciplinary issues and eliminated advisors that don’t manage individual accounts. The final list is arranged from most assets under management to least.  

 

1919 Investment Counsel

1919 Investment Counsel

The first advisor on our list manages a staggering $11 billion of client assets. 1919 Investment Counsel is located in five states, which is part of the reason it manages such a high total of assets. The firm has 47 advisors and is fee-based, which means that advisors at this firm can earn commissions for selling financial products. (This in contrast with fee-only firms, which only allows advisors to earn compensation from a set management percentage fee.) While earning commissions for selling financial products represents a potential conflict of interest, the firm's fiduciary duty means that it will always act in a client's best interests.  

New clients will need at least $2 million to engage 1919 Investment Counsel’s services. The firm has offices in Baltimore, Cincinnati, New York, Philadelphia and Birmingham, Alabama. 

Among its 47 advisors are 22 chartered financial analysts (CFAs), seven certified financial planners (CFP), one certified trust and financial advisor (CTFA) and one chartered advisor in philanthropy (CAP).

1919 Investment Counsel Background

The firm can trace its roots back to 1919, when it was known as Scudder, Stevens & Clark. In 2014, the firm was renamed 1919 Investment Counsel and was acquired by the Stifel Financial Corporation. Stifel is a full service brokerage and investment banking firm headquartered in St. Louis and traded on the New York Stock Exchange under the symbol SF. 

Harry O’Mealia serves as the CEO and president of 1919 Investment Counsel. He’s worked in the financial services industry since 1985 and previously worked at JP Morgan and other prominent companies. O’Mealia has an MBA from Columbia University and a law degree from Boston College. 

Charles King is the chief investment officer and is a portfolio manager. He is a chartered financial analyst and has worked as an investment professional since 1984.

1919 Investment Counsel Specialty Investment Departments

You’ll find some unique investing options at this large firm, including socially responsible investing, global total return investing and multi-cap core equity investing. 1919 Investment Counsel has over 40 years’ experience in socially responsible investing. Investments include environmentally focused securities, social and corporate governance.

The global total return option incorporates fundamental analysis to identify global companies to invest in. These companies have to meet a number of criteria, including well established and experienced management, potential for sustained growth, and market cap usually above $500 million. 

Multi-cap core equity investing is a strategy that’s focused on U.S. small and mid-cap stocks. This strategy invests in stocks for the long term, using bottom-up fundamental research.  

Maryland Capital Management

Maryland Capital Management

Maryland Capital Management is a fee-based advisor requiring at least $500,000 to open an account. The firm has more than $1 million in assets under management and all of its individual clients are high-net-worth individuals. The firm does have some institutional business, advising pension and profit-sharing plans, charitable organizations and other corporations.

The firm has ten advisors including two chartered financial advisors (CFA) and one certified financial planner (CFP).

Maryland Capital charges a management fee based on assets under management. It also works with broker-dealers who pay the firm, which does present a conflict of interest. With that said, the firm is bound by fiduciary duty to act in the best interest of the client.

Maryland Capital Management Advisors Background

Maryland Capital Management was founded in 1978 and it is 100% owned by employees. The employees with more than 25% ownership are John Blair, Fred Allner and Greg Heard. All three are principals at the firm and Blair also serves as the president.

Services include:

  • Portfolio construction
  • Investment solutions

Maryland Capital Management Investing Strategy

Maryland Capital has four main strategies it offers to clients:

  • Equity strategies: Focused on companies with high quality and potential for above-average growth. 
  • Fixed income strategies: Looking to preserve capital and generate income.
  • Alternative strategies: Providing optimal market exposure and capitalizing on global trends.
  • Balanced strategies: Blending all of the other strategies the firm offers.

WBH Advisory

WBH Advisory

WBH Advisory is a fee-only firm with more than $644 million in assets under management. There is no minimum account size except for clients using the firm’s digital investing offering, which requires a minimum balance of $5,000. The majority of the firm’s clients are individuals, though it does serve a number of high-net-worth individuals. It also does a small business with institutional clients, including pension and profit-sharing plans, corporations, charitable organizations and state or municipal government entities.

There are seven advisors at WBH, including three certified financial advisors (CFA), two certified financial planners (CFP), two certified public accountants (CPA) and one chartered financial consultant (ChFC).

WBH is a fee-only firm, meaning it only makes money from advisory fees. The fees are based on a percentage of assets under management or can be charged as a flat fee.

WBH Advisory Background

The firm was founded in 1986. It was formerly known as Wagner Bowman Management Corp. In 2017 it changed its name when ownership of the firm was transferred from founder Daniel E. Wagner to long-time investment professional and chief compliance officer Marc J. Hertzberg.

Services offered by the firm include:

  • Investment management services
  • Retirement planning
  • Income tax planning
  • Education planning
  • Insurance planning
  • Estate planning

WBH Advisory Investment Strategy

WBH tailors its investing strategy to the goals and wishes of the client. Potential investments include individual equities, exchange traded funds, individual bonds, certificates of deposit, mutual funds and publicly traded partnerships. The firm has clients with all-equity portfolios, all-fixed-income portfolios and portfolios made up of a combination of the two. The asset allocation in each portfolio is up to the client.

A.G. Campbell Advisory

A.G. Campbell Advisory

A.G. Campbell Advisory has more than $288 million in assets under management. The firm does not have a minimum account size. Its clients are split fairly evenly between individual investors and high-net-worth individuals. It also advises a small number of other corporations.

The management fee charged by the company is based on assets under management. The firm is fee-only, so advisors do not make additional money selling clients securities or insurance products.

The firm has three advisors on staff. It does not list any financial certifications among its advisors.

A.G. Campbell Advisory Background

A.G. Campbell was founded in 2012 by Alexander G. Campbell and Mark Scott. Campbell currently owns 75% of the firm and serves as investment adviser representative. Scott owns 25% of the firm and is the director of operations and chief compliance officer.

The firm offers the following services:

  • Financial planning
  • Investment management
  • Non-discretionary and discretionary portfolio management

A.G. Campbell Advisory Investment Strategy

One of the hallmarks of the firm’s investment strategy is that the advisors invest in the same securities as their clients. Potential investments include mutual funds, variable annuities, stocks, bonds and additional securities.

The firm makes investment choices based on the potential of the company, and it invests across asset classes. It does not consider market capitalization or geography when making investment choices.

&Wealth Partners

&Wealth Partners

&Wealth Partners is a Baltimore-based financial advisor firm focused on providing financial services to woman. It has over $266 million in assets under management and was founded in 2009. It has one advisor.

While there isn’t a required minimum account size, the $10,000 minimum annual fee makes the most sense if you have at least $1 million in assets under management. The firm’s clientele reflects this: Almost all of their clients are high-net-worth, defined by the SEC as a net worth of $1.5 million or more. &Wealth has fewer than 100 client accounts.   

The firm has offices in Baltimore and Towson, Maryland, as well as New York City. 

&Wealth Partners Background 

Dorie Fain founded firm in 2009 after spending 12 years as a financial advisor at Smith Barney, now known as Morgan Stanley Wealth Management. She’s a certified financial planner (CFP) and third-generation investment advisor. 

&Wealth Partners Unique Services

There's no account minimum to work with &Wealth, and you can engage the firm for standalone financial planning, a significant practice at the firm. As &Wealth puts it, “this allows us to work with people who may not have liquid assets, may not be ready to invest or may not want to leave their current broker but still recognize the value of planning beyond picking stocks and bonds.” Financial planning at &Wealth covers net worth sheet preparation, lifestyle analysis, budget preparation and ongoing support, retirement plan analysis, insurance review and investment review. 

Another facet of &Wealth is its divorce financial services. The company will work with you and your attorney to help you plan your finances and avoid costly mistakes. This service includes what the firm calls Historical Lifestyle Analysis™, a process that helps you understand your past income and expenses and what you’ll need going forward after a divorce.  

Armstrong Dixon

Armstrong Dixon

Armstrong Dixon is another fee-based financial advisor. Founded in 2013, the firm offers financial planning and advisory services, risk management and investment advisory services. The firm has $148 million in assets under management and has nine advisors. There is no set minimum asset requirement to become a client. 

In total, Armstrong Dixon has nine employees. Six are certified financial planners (CFP).

Armstrong Dixon Background

Roy Dixon and Gregory Armstrong founded the company in 2013. In 2015, they merged with Celestial Wealth Management and became Ade LLC, doing business as both Armstrong Dixon and Celestial Wealth Management. Dixon, Armstrong and Colin Exelby own Ade LLC. 

Dixon has been a financial advisor since 1986. He specializes in working with family-owned businesses and business successions. He is a certified financial planner (CFP). 

Amstrong is also a CFP and has worked in the financial services industry since 2004. He holds the Series 6, 7, and 63 FINRA registrations. Exelby is a partner but works day-to-day at Celestial Wealth Management. 

Armstrong Dixon Investment Strategy

The firm generally uses fundamental, technical and cyclical security analysis. The firm explains that “these types of analysis in isolation have flaws. However, by including all three types of analysis, the strengths outweigh the weaknesses.” In addition to conducting research on specific securities, the firm will also analyze mutual funds, ETFs and separately managed accounts.

Managers are evaluated in both an up and a down market cycle. Armstrong Dixon advisors will look at the rate of return, Sharpe ratio, Sortino ratio, beta, alpha correlation, capture ration, manager turner and more. Lastly, long-term purchases, short-term purchases and options are investment strategies that the firm may use when managing your portfolio. 

Facet Wealth

Facet Wealth

Facet Wealth is by far the smallest firm on this list with just under $23 million in assets under management. The firm does not impose a minimum investment or minimum fee for its investors. The vast majority of its clients are individuals, with just a few high-net-worth individuals. The firm does not advise any institutional clients. 

On its SEC paperwork Facet says it has nine advisors on staff. The eight lead planners are all certified financial planners (CFP). In addition, one relationship manager is a CFP and one is a chartered retirement planning counselor (CRPC).

While many firms charge a fee based on assets under management, Facet charges a flat fee generally ranging from $450 to $10,000 per year. Some staff at Facet are also registered at a broker-dealer and could sell clients securities. This is a potential conflict of interest, but the firm is bound by fiduciary duty to act in the best interest of the client.

Facet Wealth Background

Facet Wealth was founded in 2016. The firm has raised money from private equity firm Warburg Pincus, and the current CEO is co-founder Anders Jones. 

Services offered by the company include:

  • Comprehensive financial planning
  • Cash flow and income planning
  • Retirement planning
  • Estate planning
  • Debt management
  • Education planning
  • Income tax planning
  • Employee benefit planning
  • Charitable planning

Facet Wealth Investment Strategy

Facet advisors use fundamental, technical and cyclical analysis to pick securities for purchase. The firm uses both long-term and short-term purchases to maximize returns. Potential investments include open-end mutual funds, closed-end mutual funds, exchange traded funds, individual equities and individual bonds.

How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about cost of living in retirement there.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology SmartAsset calculated the average cost of living for retirees in the largest U.S. cities. Using that calculation, we determined how many years $1 million would last in retirement in each major city.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors throughout the country. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%, reflecting the typical return on a conservative investment portfolio. Finally, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would last in each of the cities in our study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research