Finding a Top Financial Advisor Firm in Hunt Valley, Maryland
If you’re trying to find a financial advisor, SmartAsset can help. We conducted extensive research to find the top financial advisors in Hunt Valley, Maryland. Our study covers key factors like investment minimums required to open accounts, fee structure and the types of services offered. We put all the information together here for convenient comparison. You can also use SmartAsset’s free financial advisor matching tool to connect with and pick from up to three advisors in your area.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Verdence Capital Advisors, LLC Find an Advisor||$2,472,428,702||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Cornerstone Advisory, LLC Find an Advisor||$1,429,405,386||$500,000|| || |
|3||Financial Consulate Find an Advisor||$585,411,342||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|4||Tufton Capital Management, LLC Find an Advisor||$831,873,000||$500,000|| || |
|5||Harvest Investment Consultants LLC Find an Advisor||$385,555,380||$250,000|| || |
|6||Marathon Capital Management, LLC Find an Advisor||$591,601,523||$500,000|| || |
|7||Vansant Mewshaw Find an Advisor||$397,242,967||No set account minimum|| || |
Minimum AssetsNo set account minimum
|8||The Junk Investment Group Find an Advisor||$422,025,480||$750,000|| || |
|9||Bay Harbor Wealth Management, LLC Find an Advisor||$217,441,161||$500,000|| || |
What We Use in Our Methodology
To find the top financial advisors in Hunt Valley, we first identified all firms registered with the SEC in the city. Next, we filtered out firms that don't offer financial planning services, those that don't serve primarily individual clients and those that have disclosures on their record. The qualifying firms were then ranked according to the following criteria:
- AUMFirms with more total assets under management are ranked higher.
- Individual Client CountFirms who serve more individual clients (as opposed to institutional clients) are ranked higher.
- Clients Per AdvisorFirms with a lower ratio of clients per financial advisor are ranked higher.
- Age of FirmFirms that have been in business longer are ranked higher.
All information is accurate as of the writing of this article. This list may include firms that have a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. Such relationships have no impact on our rankings, and firms are included and ranked based strictly on the above criteria.
Verdence Capital Advisors, LLC
At the top of our list is Verdence Capital Advisors. While this fee-only firm caters to business owners and professionals in the sports and entertainment industries, non-high-net-worth individuals make up the bulk of its client base. Business entities, pension and profit-sharing plans, trusts, estates and charitable organizations round out the firm's clientele.
You don’t need a minimum account balance to work with Verdence Capital Advisors, but the firm does charge a $10,000 minimum annual fee, which would amount to 1% if assets under management were $1 million. For its fiduciary services, the firm collects fees from you based on a percentage of your assets under management. It may also charge flat or fixed fees.
The practice features advisors with several financial certifications including the accredited investment fiduciary (AIF), certified financial planner (CFP) and chartered retirement planning consultant (CRPC) designations.
Verdence Capital Advisors Background
Verdence Capital Advisors first opened its doors to the Hunt Valley community in 2017. Leo J. Kelly III is the principal owner and CEO of the business. In addition to its headquarters in Hunt Valley, Verdence has an branch office in Alexandria, Virginia.
The firm offers wealth management, investment advisory and family office services, with an emphasis on its investment-related services. Depending on your needs, the firm can advise on needs like retirement planning, estate planning and tax preparation.
Verdence Capital Advisors Investment Strategy
Verdence manages portfolios with asset allocations based on the client’s personal factors. These include investment goals, risk tolerance, time horizon and more. The firm currently allocates client assets across mutual funds, individual stocks and bonds, as it deems appropriate based on client profiles and variously sourced, investment research.
Verdence Capital Advisors uses both long- and short-term purchasing strategies. While long-term purchases are held for more than a year, a short-term purchase is when a security is sold within a year of its acquisition.
Cornerstone Advisory, LLC
Cornerstone Advisory takes the next spot on our list. This large advisory firm has a diverse client base that is made up primarily of individuals both with and without high net worths. Institutional clients include a pooled investment vehicle, pension and profit-sharing plans, charities and businesses. You'll need to meet the firm's $500,000 minimum investment requirement in order to open an account.
Some advisors at this fee-based firm may be separately licensed as insurance agents and may receive commissions from selling insurance to clients. This potential conflict of interest is offset by the fact that the Cornerstone is a fiduciary and legally obligated to act in the best interests of clients at all times.
Cornerstone Advisory Background
Cornerstone was founded in 2006 and has been providing its services ever since. The firm is principally owned by Donald S. Huber Jr., Thomas N. Biddison III and Erik D. Johnson. Each principal has over two decades of financial sector experience.
Cornerstone can provide clients with a variety of financial services, including portfolio management, financial planning, pension consulting and private fund advising.
Cornerstone Advisory Investment Strategy
As is the case with most financial advisory firms, investment strategies at Cornerstone are tailored to meet the individual needs of each client. Advisors meet with new clients as much as needed to determine their investment goals, as well as their tolerance for risk and any other pertinent information. They use this information to craft an investment plan that suits the client.
Advisors montior client portfolios on an ongoing basis. They use a variety of analytical methods to help them pick the right investments, such as fundamental and cyclical analysis. A multitude of different investments may be used. Advisors use long- and short-term purchases, short sales, margin transactions and option writing to help drive growth.
Financial Consulate, the No. 3 firm on our list, also has a branch office in Gettysburg, Pennsylvania. The firm serves a variety of clients including individuals, high-net-worth individuals, pension and profit-sharing plans, charitable institutions and businesses.
Account minimums for asset-management services depend on the type of portfolio program you enroll in, ranging from $5,000 to $50,000. Financial Consulate has far more clients who do not have a high net worth than those who do.
The Hunt Valley team features eight certified financial planners (CFPs), five certified public accountants (CPAs), a personal financial specialist (PFS), an accredited investment fiduciary analyst (AIFA) and one financial paraplanner qualified professional (FPQP).
The firm works on a fee-only basis. This means it collects compensation solely from its clients for the services it provides. It does not collect commissions or other types of payments from third parties for recommending or selling their products.
The Financial Consulate Background
The Financial Consulate was founded in 1983. Andrew V. Tignanelli is the majority owner of the firm, as well as a certified financial planner and certified public accountant.
The firm offers wealth planning and investment management services, and can advise on topics that include:
- Cash flow management
- Estate planning
- Education funding
- Insurance planning
- Investment advice
Financial Consulate Investment Strategy
Financial Consulate bases its investment philosophy around strategic asset allocation. It creates diversified portfolios that take into account individual factors like a client's risk tolerance, time horizon and overall investment goals. It also takes tax implications into account.
Tufton Capital Management, LLC
Tufton Capital Management, another fee-only firm, is next on our list. Its clients include individuals, high-net-worth individuals, pension and profit-sharing plans, insurance companies, trusts, estates, charitable organizations and corporations. To become a client, you’d need a minimum account size of $500,000.
The team at Tufton Capital features three chartered financial analysts (CFAs). Advisors at Tufton Capital work on a fee-only basis, meaning the company's revenue comes solely from the fees that clients pay. Advisors don’t earn any compensation from third-party firms or businesses.
Tufton Capital Management Background
Tufton Capital has been in business since 1995. J. Scott Murphy, Eric Schopf and Charles Meyer own the firm and remain on staff. Meyer, a CFA, has over 23 years experience working in the financial services industry.
Tufton Capital provides personal wealth management and institutional asset management services. In addition to investment help, advisors offer financial planning services, assisting clinets with saving for retirement, investing to meet long-term goals, creating a trust and protecting estates.
Tufton Capital Management Investment Strategy
Tufton Capital emphasizes mitigating risk to capture strong returns. According to SEC records, it avoids extreme positions or opportunistic styles. The firm primarily allocates client assets across money market funds or other short-term investment vehicles, fixed-income securities and equity securities. Occasionally, it may direct client assets toward mutual funds and exchange-traded funds (ETFs) in order to capture exposure to certain asset classes.
Ultimately, a client's asset allocation will depend on their risk tolerance, financial goals and other personal factors.
Harvest Investment Consultants LLC
The next firm on our list is Harvest Investment Consultants, a practice with a large and diverse client base. The vast majority of clients are individuals without a high net worth. The firm's client base also consists of high-net-worth individuals, pension and profit-sharing plans, charities and businesses. Harvest requires a $250,000 minimum account size, though this minimum can be waived at the firm's discretion.
Some of the advisors at this fee-based firm may be able to receive commissions from selling insurance products to clients. This creates the potential for a conflict of interest to arise. However, the firm is a fiduciary and is legally obligated to act in the best interests of clients at all times.
Harvest Investment Consultants Background
Founded in 1987, Harvest is one of the oldest firms on our Hunt Valley list. The firm was previously known as Harvest Investment Consultants, Inc. and Hickory Capital Management, Inc.
Michael J. Meily, the firm's chief compliance officer, principally owns the firm. He is also the firm's managing partner, a chartered financial consultant (ChFC), a chartered life underwriter (CLU), a retirement income certified professional (RICP) and a chartered advisor for senior living (CASL).
The firm provides both financial planning and investment management services to its clients. Most of the firm's assets are managed on a discretionary basis, meaning advisors make all buying and selling decisions within a client's portfolio.
Harvest Investment Consultants Investment Strategy
When it comes to crafting an appropriate investment strategy for a client, Harvest and its advisors first create an investment profile for the client to properly determine their tolerance for risk, liquidity needs, financial and investment objectives along with any other relevant information. Clients are also permitted to impose reasonable restrictions on how their assets are invested.
Advisors primarily focus on crafting growth and income, balanced and fixed-income portfolios for their clients. To do so, they may use a range of investments, including bonds, stocks, mutual funds, exchange-traded funds (ETFs), real estate investment trusts (REITs), certificates of deposit (CDs), hybrid securities and preferred stocks.
Marathon Capital Management, LLC
Marathon Capital Management comes next on our list of the top financial advisory firms in Hunt Valley. This firm and its small team of advisors work almost exclusively with individuals. Of these individuals, only about 40% have a high net worth. The firm also serves a small number of charitable organizations.
As a fee-only firm, Marathon does not receive commissions from any third-parties. Instead, it only receives advisory fees directly from clients. There is a $500,000 minimum account size requirement to be a client.
Members of the firm's advisory team do not hold any financial certificiations, like certified financial planner or certified public accountant.
Marathon Capital Management Background
Marathon Capital Management was founded in 1998. Originally a sole proprietorship, it was registered with the state of Maryland up until 2002. At that point, the firm terminated its Maryland registration and registered with the SEC. The firm is currently owned by Angus M. Burton, who also serves as senior vice president.
Marathon primarily provides its clients with portfolio management services. It also offers financial planning, but only through use of the MoneyGuidePro software at no extra charge.
Marathon Capital Management Investment Strategy
Marathon's investment strategy is similar to many other investment advisors, as it looks to tailor its investment process to the needs and objectives of each of its clients. The four basic types of portfolios that advisors manage are income, growth and income, growth and aggressive growth, though the specifics will vary between clients.
Advisors at Marathon re-evaluate and rebalance client portfolios no less than quarterly. The firm typically uses a buy-and-hold strategy, rarely investing for less than a year at a time. Its core investment philosophy can be desribed as "growth at a reasonable price."
Established in 1992, Vansant Mewshaw (VSM) is the next firm on our list. It works with individuals, high-net-worth individuals as well as pension and profit-sharing plans. With no set account minimum, most of the firm’s clients fall outside the high-net-worth scope.
The advisory team works on a fee-only basis, so advisors earn their compensation solely from fees that clients pay for services. They do not earn commissions from third-party firms for making certain sales or recommendations.
The VSM team includes one certified financial planner (CFP) and one chartered retirement planning counselor (CRPC).
Vansant Mewshaw Background
Robert F. Mewshaw is the firm’s president, chief investment officer and sole stockholder. Mewshaw’s experience in the financial services space spans more than 30 years.
In addition to portfolio management, the firm can design a holistic and personalized financial plan that addresses some or all of the topics below:
- Budget management
- Insurance analysis
- Retirement planning
- College funding
- Charitable giving
- Legacy planning
- Trust services and administration
Vansant Mewshaw Investment Strategy
In formulating client portfolios, VSM follows these specific tenets:
- Capital markets work and create wealth
- Diversification is key in portfolio construction
- Risk and return are inextricably intertwined
- Portfolio structure explains performance
- Investor behavior determines performance
As a result, the firm aims to build diversified portfolios that adhere to a client’s risk tolerance and investing goals in order to capture long-term growth. The firm primarily utilizes index mutual funds and exchange-traded funds (ETFs). Advisors may also rely on inverse or leveraged index exchange-traded funds, as well as options.
The Junk Investment Group
The Junk Investment Group, the next firm on our list, takes its name from its founder, Ivan Richard Junk. Its client base consists entirely of individuals and high-net-worth individuals.
For portfolio management services, the firm requires a $750,000 aggregate account minimum for new clients. Insurance commissions may be earned by some of the on-staff advisors at this firm. While this creates a potential conflict of interest and makes The Junk Investment Group a fee-based firm, as opposed to a fee-only firm, advisors are bound by fiduciary duty to act in clients' best interests no matter what.
There are two certified financial planners (CFPs) on staff at The Junk Investment Group.
The Junk Investment Group Background
Ivan Richard Junk, a certified financial planner (CFP), has been an investment advisor registered with the SEC since 1987. He leads a small team of advisors and owns the firm with Casandra Junk. The latter has been active in the industry for nearly 30 years and serves as managing partner and chief compliance officer (CCO).
The Junk Investment Group's services include:
- Tax planning
- Asset allocation
- Risk management
- Retirement planning
The Junk Investment Group Investment Strategy
The firm designs portfolios based on its clients' individual needs, goals and risk tolerances. It generally implements asset allocation with mutual funds, annuities, exchange-traded funds (ETFs) and individual stocks. The firm also offers access to digital investing and savings tools such as retirement calculators.
The firm's strategies for investing client assets include long-term purchases and margin transactions, but advisors do not try to time the market.
Bay Harbor Wealth Management, LLC
Bay Harbor Wealth Management, an independently owned financial advisory firm, rounds out our list of the top-rated firms in Hunt Valley. The fee-based firm generally provides investment advice to individuals, both with and without high net worths, as well as trusts. To establish a relationship, clients must generally have a minimum liquid net worth of $500,000.
The team includes one certified financial planner (CFP), one accredited investment fiduciary (AIF), one certified public accountant (CPA), one investment adviser certified compliance professional (IACCP).
Bay Harbor collects advisory fees as a percentage of a client's assets under management or on a flat or hourly basis for specific financial planning services. Certain advisors at the firm may sell products from other companies they are affiliated with, and can thus earn commissions for such transactions. Even with this potential conflict of interest, the firm is legally bound by fiduciary duty to always act in clients' best interests.
Bay Harbor Wealth Management Background
Bay Harbor Wealth Management has been in operation since 2011. President, founder and Chief Compliance Officer Lance Scott wholly owns the firm.
The firm mainly focuses on asset management, but it can provide stand-alone financial planning services upon request. The firm designs financial plans for clients based on analysis of their current financial situation and goals. The firm may work with clients on:
- Mortgage/debt analysis
- Retirement planning
- Estate planning
- Education planning
- Charitable giving
- Corporate and personal tax planning
- Corporate structure
- Business and personal financial planning
Bay Harbor Wealth Management Investment Strategy
Bay Harbor Wealth Management creates portfolios tailored to individual goals and personal factors such as tolerance for risk, time horizon and current financial situation. It generally recommends individual equities, exchange-traded funds (ETFs) and bonds.
The firm also uses tactical asset allocation, actively adjusting your asset allocation based on certain factors like market conditions. Additionally, it may employ a passive investing strategy when deemed appropriate.