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Top Financial Advisors in Baltimore, MD

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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

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$15,117,313,398 Varies based on account type
  • Investment management
  • Financial planning
  • Family office services

Minimum Assets

Varies based on account type

Financial Services

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

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$1,382,270,000 $500,000
  • Financial planning
  • Portfolio management

Minimum Assets

$500,000

Financial Services

  • Financial planning
  • Portfolio management
3 WBH Advisory WBH Advisory logo Find an Advisor

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$762,162,904 No set account minimum
  • Portfolio management
  • Financial planning

Minimum Assets

No set account minimum

Financial Services

  • Portfolio management
  • Financial planning

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4 A.G. Campbell Advisory A.G. Campbell Advisory logo Find an Advisor

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$339,192,773 No set account minimum
  • Financial planning
  • Portfolio management
  • Advisor selection

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Advisor selection
5 &Wealth Partners &Wealth Partners logo Find an Advisor

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$251,074,587 No minimum account size
  • Financial planning
  • Portfolio management
  • Advisor selection

Minimum Assets

No minimum account size

Financial Services

  • Financial planning
  • Portfolio management
  • Advisor selection
6 Armstrong Dixon Armstrong Dixon logo Find an Advisor

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$228,886,051 No set account minimum
  • Financial planning
  • Pension consulting
  • Advisor selection

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Pension consulting
  • Advisor selection
7 Brightside Advisory Partners, LLC Brightside Advisory Partners, LLC logo Find an Advisor

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$194,300,000 No set account minimum
  • Financial planning
  • Portfolio management
  • Advisor selection

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Advisor selection
8 Geller & Lehmann, LLC Geller & Lehmann, LLC logo Find an Advisor

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$155,698,710 No set account minimum
  • Financial planning
  • Portfolio management
  • Advisor selection

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Advisor selection
9 Facet Wealth, Inc. Facet Wealth, Inc. logo Find an Advisor

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$141,341,214 No set account minimum
  • Financial planning
  • Portfolio management

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
10 WPG Advisers, LLC WPG Advisers, LLC logo Find an Advisor

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$128,170,740 No set account minimum
  • Financial planning
  • Portfolio management

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio 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. All information is accurate as of the writing of this article.

1919 Investment Counsel

1919 Investment Counsel

1919 Investment Counsel is located in eight states, which is part of the reason it manages such a high total of assets. The firm 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 most of 1919 Investment Counsel’s services. Other accounts have minimums of $10,000 and $100,000. 

Among its many advisors are several chartered financial analysts (CFAs), certified financial planners (CFPs). Other employees have other financial certifications as well. 

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. 

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-only advisor requiring at least $500,000 to open an account. 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 several qualified advisors, including chartered financial analysts (CFA) and certified financial planners (CFP). Maryland Capital charges a management fee based on assets under management.

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 and Greg Heard. The two 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. 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 without a high net worth, 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.

The advisory team at WBH includes chartered financial analysts (CFAs), certified financial planners (CFPs) and certified public accountants (CPAs).

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 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's advisors do not list any financial certifications among them.

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 and chief compliance officer. Scott owns 25% of the firm and is the director of operations.

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 women. It was founded in 2009 and has the smallest advisory team on our list.

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 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. There is no set minimum asset requirement to become a client. 

Armstrong Dixon has a well qualified team of advisors, including several 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. Hugh J. Breslin IV, 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 and Breslin is a partner and CFP.

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. 

Brightside Advisory Partners, LLC

Brightside Advisory Partners, LLC

Brightside Advisory Partners, LLC is the next firm on our Baltimore, Maryland list of top financial advisors. This firm is quite small when it comes to its client base, but still earns the seventh spot on our list based on assets under management (AUM). Brightside works exclusivesly with individual clients, both with and without a high net worth. The firm does not have a minimum account size requirement.

Brightside is a fee-only firm. This means that neither the firm nor any of its advisors receive third-party commissions. A fee-based firm, on the other hand, can receive such commissions and is therefore subject to a potential conflict of interest. Brightside is not subject to a conflict of interest like that.

Brightside Advisory Partners Background

Founded in 2019, Brightside is one of the youngest firms on our Baltimore list. While it's website provides almost no information, the firm is owned by Pace R. Kessenich, Abigail C. Holmes, Ryan D. Pollard, Gregory D. Danseglio, Nicolas R. Daily and Jeffrey R. Cooke. Kessenich is the firm's CEO. There is at least one chartered financial analyst (CFA) on staff.

Brightside describes itself as a "multi-family office and investment advisor catering to families with a shared interest in private market investing." It manages all of its assets on a discretionary basis, providing clients with financial planning, consulting, wealth management and alternative investment management services.

Brightside Advisory Partners Investment Strategy

Like many other financial advisory firms, Brightside tailors its investment strategy to the individual needs and wants of its clients. Especially with such a small client base, the firm looks to make sure that each client is treated as an individual, with their financial situation being addressed directly. Advisors at the firm meet on a regular basis with clients to determine and stay up to date with their financial profile.

Brightside primarily uses pooled privately placed securities (such as hedge funds and private equity funds), private placements and alternative investments. Brightside also invests client assets among mutual funds, exchange traded funds (ETFs) and third party money managers. Advisors look to invest across a wide range of risk and liquidity as to make profiles as successful and protected as possible.

Geller & Lehmann, LLC

Geller & Lehmann, LLC

Geller & Lehmann, LLC is the final firm on our list of the top financial advisors in Baltimore, Maryland. This firm is the smallest on our list when it comes to assets under management (AUM) and is one of the smallest in terms of advisors on staff. The majority of the firm's clients are high-net-worth individuals, while some are real estate private investments. All of the firm's individual clients are those with a high net worth. There is not set account minimum for opening an account with Geller & Lehmann.

As a fee-only firm, Geller & Lehmann does not receive third party commissions. It instead only receives advisory fees directly from clients. Fee-based firms do receive third party commissions, and therefore can be subject to a potential conflict of interest.

Geller & Lehmann Background

Geller & Lehmann was founded in 2003 and has been in business ever since. It initially registered with the SEC in 2006, changing to a state-level registered advisor in 2012 and then back to an SEC registered advisor in 2019. Sandra V. Geller and David C. Lehmann are the firm's two owners, each owning a 50% stake in the company. Both are certified financial planners (CFP) and Lehmann is also a certified public accountant (CPA).

Geller & Lehmann provides clients with investment management, financial planning and, to a separate degree, tax preparation services. It manages all of its current assets on a non-discretionary basis.  

Geller & Lehmann Investment Strategy

Advisory services and investment strategies at Geller & Lehmann, like at many other financial advisory firms, are tailored to meet the needs of each client individually. Advisors take note of each client's goals and objectives and cross reference them with the firm's risk suitability checklist to determine the proper model portfolio approach. Clients may impose reasonable restrictions on the management of their assets.

The firm bases their investment decisions on effective asset allocation and diversification. Advisors typically invest client assets in sub-asset classes, including large, mid and small cap stocks, international equities, treasuries, bonds and alternative investments.

Facet Wealth

Facet Wealth, Inc.

Facet Wealth 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.

Facet Wealth has many on-staff financial advisors and planners. Among this group are certified financial planners (CFPs) and chartered financial analysts (CFA).

While many firms charge a fee based on assets under management, Facet charges a flat fee generally ranging from $600 to $10,000 per year. Some staff at Facet are also registered at a broker-dealer or registered insurance agents and could sell clients securities or insurance policies. 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. Executive chairman Patrick McKenna, chief evangelist Brent Weiss and Jones combine to own the firm.

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.

WPG Advisers, LLC

WPG Advisers, LLC

WPG Advisers, LLC is the next firm on our list of the top financial advisory firms in Baltimore, Maryland. WPG works with high-net-worth individuals, non-high-net-worth individuals and charities. However, the vast majority of its clients are non-high-net-worth individuals. The firm does not have a stated account minimum balance requirement, though one may be imposed if they see fit.

WPG is a fee-based firm. Since some advisors at the firm are registered insurance agents, these individuals can earn commissions from selling insurance to clients. This is a potiential conflict of interest. However, this potential conflict is mitigated by the fact that the firm is fiduciary and is legally obligated to act in the best interests of clients at all times. A fee-only firm, on the other hand, does not accept third-party commissions and is therefore not subject to the same conflict of interest.

WPG Advisers Background

WPG Advisors is one of the youngest firms on our list, as it was founded in 2017. It became legally reigstered as an investment advisor in September of 2018. Todd Paradise and Steven Gessner are the owners of the firm.  Both gentlemen are partners and co-founders of the firm. They are both certified financial planners (CFP). Dave Williams is also a co-founder.

WPG provides clients with investment management services, stnad-alone financial planning and consulting, reitrement plan services and miscellaneous services. All assets at WPG are currently managed on a discretionary basis.

WPG Advisers Investment Strategy

At WPG, advisors work with clients to determine their financial profile. The firm takes a team approach, working on an individual level with clients to find out about their risk tolerance, their liquidity needs, their time horizon and any other important information they might need to properly manage a portfolio on their behalf. The firm looks to take a long-term and protective apporach to asset management.

Methods of analysis that advisors use to evaluate investments include fundemantal, technical and cyclical analysis. When it comes to making investments and allocating assets, the firm takes a long-term approach, short-term approach and may also engage in margin transactions.

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 the cost of living in retirement for that location.

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

Methodology To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. 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. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. This reflects the typical return on a conservative investment portfolio. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

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