Finding the Top Financial Advisors in Rockville
If you’re searching for a financial advisor in Rockville, Maryland, you’re in luck. SmartAsset did extensive research to unearth the top financial advisors in Rockville. We dig into their fee structure, services, expertise and more.
How We Found the Top FInancial Advisors in Rockville, Maryland
We gathered data on all financial advisor firms in the area that are registered with the Securities Exchange Commission (SEC). This organization enforces certain rules regarding registered investment advisors (RIAs) in order to protect investors. We filtered this list by removing the firms that faced disciplinary action and did not offer financial planning or individual portfolio management services. Finally, we ranked the remaining firms form largest to smallest based on the size of assets under management (AUM).
Bronfman E.L. Rothschild, L.P is an investment advisory firm with more than $5.83 million in assets under management (AUM). It works with individuals, high-net-worth individuals, corporate pension and profit-sharing plans, trusts, estates, charitable institutions, foundations, endowments, corporations and other business entities.
The firm doesn’t require a minimum account balance to receive investment advice or financial planning services. Depending on your needs, the firm can design a financial plan. It may include advice around retirement savings, estate planning, trust management and more.
When you work with the firm, you can get in touch with 29 certified financial planners (CFP), five certified public accountants (CPAs), four chartered financial analysts (CFAs) and one chartered alternative investment analyst (CAIA).
Bronfman E.L. Rothschild, L.P Background
Bronfman E.L. Rothschild was formed in 1997. Sontag Advisory, LLC, an SEC-registered investment advisor wholly owned by NFP Corp, currently owns Bronfman E.L. Rothschild. The firm collects fees directly from clients. Some of its advisors are affiliated with third-party firms and may receive commissions for selling products from these firms.
Bronfman E.L. Rothschild, L.P Investing Strategies
When it comes to investing, Bronfman E.L. Rothschild deploys a modified Black-Litterman asset-allocation model. This strategy aims for consistent returns while protecting your investments from downside volatility. The firm invests in different asset classes to help you meet your investment goals, including mutual funds, exchange-traded funds (ETFs) and private funds.
SPC financial is an investment advisory firm that oversees more than $628.02 million in assets under management (AUM). The firm provides services to a wide net of clients including individuals and high-net-worth individuals as well as their related trusts, estates and more. The firm also extends its advice to corporations, charities, pensions and profit-sharing plans.
Account minimums span between $25,000 to $50,000 depending on the type of asset-management program you enroll in. In addition to investment advice, the firm provides various financial planning services. Its advisors can advise on different aspects of your financial life from budgeting and savings to retirement and estate planning.
When you work with SPC Financial, you have access to eight certified financial planners (CFP), two certified public accountants (CPAs) and one personal financial specialist (PFS).
SPC Financial Background
SPC Financial formed in 1970, making it one of the longest-running firms on our list. Edward G. Sella owns the firm, and he still provides services on behalf of SPC Financial. The firm collects fees based on a portion of your AUM or on a fixed or hourly basis for stand-alone financial planning services. Advisors of SPC Financial are also members of other financial services businesses. In their individual capacities, they may earn commissions from such firms for selling their products.
SPC Financial Investing Strategies
SPC Financial develops investment portfolios based on your individual circumstances such as risk tolerance, time horizon and tax status. It may invest your assets among different securities including the following:
- Equity securities
- Corporate debt securities (other than commercial paper)
- Certificates of deposits (CD)
- Municipal securities
- Mutual funds
- Exchange Traded Funds (ETF)
- U.S. government securities
- Options contracts on securities
- Other types of investments including collectibles, hard assets, life insurance, unit investment trusts, alternative investments
- Fixed annuities
Financial Services Advisory
Financial Services Advisory currently holds more than $600.12 million in assets under management (AUM). It works with individuals, high-net-worth individuals, estates, trusts and businesses.
The firm doesn’t require an account minimum to start a relationship.
Financial Advisory Services can design a personalized financial plan to help you meet your goals. Depending on your needs, it may touch on tax planning, retirement savings and funding education through investments such as 529 college savings plans. It also manages portfolios on behalf of its clients.
The firm’s team features four certified financial planners (CFPs), one certified public accountant (CPA), one financial planner qualified professional (FPQP) and one accredited asset management specialist (AAMS).
Financial Services Advisory Background
Financial Advisory Services first opened its doors in 1982. Today, David R. Petersen and James E. Joseph own the firm. Both still work for the firm. Financial Advisory Services operates on a fee-only basis. This means that neither the firm nor its members are affiliated with other businesses or earn third-party commissions. They collect fees solely from their clients for the services they provide.
Financial Services Advisory Investing Strategies
Financial Services Advisory manages portfolios with asset allocations that reflect your personal situation such as your risk tolerance and long-term goals. Once it sets your asset allocation, the firm mainly invests in mutual funds and exchange-traded funds (ETFs). It may use either passive or active investment strategies depending on your preferences.
Burt Wealth Advisors
Burt Wealth Advisors is a financial services firm with about $ 594.76 million in assets under management (AUM). It works mostly with high-net-worth individuals. But it also advises on trusts and estates and provides services to business entities.
The firm specializes in investment advice. But it may provide limited financial planning services upon your request. These may involve topics like retirement planning and estate planning.
The advisory team features six certified financial professionals (CFPs), two chartered financial analyst (CFA) and three financial paraplanner qualified professionals (FPQs).
Burt Wealth Advisors Background
Burt Wealth Advisors formed in 1985 when Marvin Burt founded it. The firm’s advisors work on a fee-only basis. So they collect fees solely from clients as a percentage of their accounts AUM or on a fixed or hourly basis for financial planning services. It does not earn compensation from third parties.
Burt Wealth Advisors Investing Strategies
Burt Wealth Advisors customizes portfolios for clients in order to help them meet their goals. It constructs asset allocations based on specific circumstances such as your risk appetite and goals. The firm may engage in long-term and short-term purchases to help you meet your objectives. It may spread your assets across different securities types, including mutual funds and exchange-traded funds (ETFs) and individual stocks and bonds.
XML Financial currently has about $451.9 million in assets under management (AUM). The firm serves individuals, high-net-worth individuals, estates, trusts, businesses and other entities.
XMLFinancial offers investment advice in addition to stand-alone financial planning services such as estate planning, retirement plan management and trust funds. Account minimums depend on the investment management program you enroll in. They typically range from $25,000 to $3 million.
The firm’s team features seven certified financial planners (CFPs), four certified public accountants (CPAs), two chartered retirement plan counselors (CRPCs) and one chartered life underwriter (CLU).
XML Financial Background
XML Financial first came on to the financial services industry in 2016. Today, it exists as a wholly-owned subsidiary of Focus Operating, LLC. That firm is a wholly-owned subsidiary of Focus Financial Partners, LLC.
The firm may earn fees from several different sources. It can charge its clients fees as a percentage of their account sizes or on a fixed or hourly basis. In addition, advisors in their individual capacities may earn commissions from selling the products of other firms with which they are associated. XML Financial also offers a wrap-fee program.
XML Investing Strategies
XML Investing runs various asset-management programs through different investment advisor representatives (IARs). Based on your needs, it may recommend a particular model with a specific asset allocation and investment objective. XML Financial would build an asset-allocation strategy based on your individual financial circumstances and investment goals. It may construct your portfolio with preferred stocks, exchange-traded funds (ETFs), closed end funds, fee-based unit investment trusts, corporate and government bonds, certificates of deposit (CD), options, structured products and certain mutual funds.
Maryland Financial Group, Inc.
Maryland Financial Group has more than $416.10 million in assets under management (AUM). It works with high-net-worth individuals, individuals, trusts, estates and businesses. It offers various financial planning services and investment management.
The firm also does business under the following names:
- The Monitor Group, LLC
- Newcorp Wealth Strategies
- Legacy Wealth Management
- Coastal Wealth Management
- Barnett Wealth Advisors
- Integrigen Wealth Management
- MFG Business Design
Maryland Financial Group Background
Maryland Financial Group first opened in 2005. The Monitor Group, LLC currently serves as the primary owner. When you work with the firm, you have access to a variety of professionals, including David J. Mandell. As vice president, he has more than 20 years of experience in the financial services industry.
Maryland Financial Group Investing Strategies
The firm typically builds portfolios using individual stocks or bonds, exchange traded funds (ETFs), options, mutual funds and other public and private securities. Your asset allocation would depend on personal factors such as your risk tolerance and long-term financial goals. In addition, the firm may utilize market research from various sources to make investment and securities selecting decisions. Maryland Financial Group will also continuously monitor your investments and make adjustments if needed.
CIC Wealth is a financial services firm that specializes in asset management. It currently is responsible for more than $402.22 million in assets under management (AUM). It works with a variety of clients including the following:
- Individuals (including high-net-worth ones)
- Corporate retirement plans
The firm’s advisors can manage an investment portfolio on your behalf and design a comprehensive financial plan based on your individual needs and goals. The team at CIC Wealth features three accredited investment fiduciaries (AIF), two certified financial planners (CFPs), two chartered retirement plan counselors (CRPSs), two financial paraplanner qualified professionals (FPQP) and two individuals with certifications for long-term care (CLTCs).
CIC Wealth Background
CIC Wealth emerged into the financial services scene in 2017 and remains a wholly-owned subsidiary of CIC Wealth Holdings. Its advisors may collect fees based on a percentage of your AUM or a fixed fee for specific financial planning services. However, advisors may also be affiliated with other financial services firms. In their individual capacities, they may collect commissions from these third parties when they sell specific investment or insurance products.
CIC Wealth Investing Strategies
CIC Wealth aims to customize your portfolio to reflect your individual circumstances such as your risk tolerance and your investment goals. It does not limit itself to specific securities. Depending on your financial profile, it may invest your assets across some or all of the following:
- Mutual funds
- Exchange-traded funds (ETFs)
- Options contracts