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. If you need more help finding a financial advisor, try using SmartAsset's free matching tool. It will pair you with up to three advisors in your area in just a few minutes.
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|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||XML Financial Group Find an Advisor||$1,271,693,593||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||SPC Financial Inc Find an Advisor||$955,127,087||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|3||Financial Services Advisory Find an Advisor||$726,914,646||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|4||Research Financial Strategies Find an Advisor||$496,617,545||$50,000|| || |
|5||CIC Wealth, LLC Find an Advisor||$568,515,163||$500,000|| || |
|6||Kendall Capital Management Find an Advisor||$357,865,904||$500,000|| || |
|7||Ferguson-Johnson Wealth Management, Inc. Find an Advisor||$232,950,640||$500,000|| || |
|8||AtCap Partners, LLC Find an Advisor||$15,397,020||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|9||Investment Planning Associates, Inc. Find an Advisor||$210,000,000||$250,000|| || |
|10||Ivy League Financial Advisors, LLC Find an Advisor||$125,061,537||$500,000|| || |
What We Use in Our Methodology
To find the top financial advisors in Rockville, 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.
XML Financial Group
XML Financial Group, the No. 1 firm on our list, has more assets under management than any other practice. The firm works with individuals, high-net-worth individuals, estates, trusts, pension and profit-sharing plans and businesses. The firm does not have a set account minimum.
As a fee-only practice, XML's revenue is compensated solely from the fees that clients pay, not commissions for selling third-party products and services.
XML Financial Group Background
XML Financial first came into the financial services industry in 2016. Today, it exists as a wholly-owned subsidiary of Focus Operating, LLC, which in turn is a subsidiary of Focus Financial Partners, LLC.
XML Financial offers investment advice in addition to stand-alone financial planning services like estate planning, retirement plan management and trust funds.
XML Financial Group Investment Strategy
XML Financial 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 will build a strategy based on your individual financial circumstances and investment goals. It may construct your portfolio with exchange-traded funds (ETFs), closed end funds, unit investment trusts and certain mutual funds.
SPC Financial Inc
SPC Financial is an investment advisory firm that oversees the second-most assets under management (AUM) on this list. 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.
While the firm does not require a minimum account size for financial planning, clients with Raymond James Ambassador accounts must have asset levels of at least $50,000.
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, making SPC Financial a fee-based firm.
When you work with SPC Financial, you'll have access to 11 certified financial planners (CFPs), two certified public accountants (CPAs), two personal financial specialists (PFSs), a chartered financial analyst (CFA) and a certified investment management analyst (CIMA).
SPC Financial Background
SPC Financial formed in 1970, making it the longest tenured firm on our list. Edward G. Sella owns the business and continues to provide services on behalf of SPC Financial.
In addition to asset management, SPC Financial advisors can advise on different aspects of your financial life from budgeting and savings to retirement and estate planning.
SPC Financial Investment Strategy
SPC Financial develops investment portfolios based on your individual circumstances, incluidng your 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
Financial Services Advisory
Financial Services Advisory, No. 3 on our list, currently holds the third most assets under management (AUM). The firm works with individuals, high-net-worth individuals, estates, trusts and businesses. Financial Services Advisory doesn’t require an account minimum to start a relationship.
The firm’s team features seven certified financial planners (CFPs), one financial planner qualified professional (FPQP), one chartered financial analyst (CFA) and one accredited asset management specialist (AAMS).
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 Background
Financial Advisory Services first opened its doors in 1982. Today, David R. Petersen and James E. Joseph own the firm and remain on staff.
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, estate planning, tax strategy and education planning.
Financial Services Advisory Investment Strategy
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).
"Our asset management services are designed to increase your portfolio value during rising markets and use our exit strategy called FSA Safety Net to help reduce losses during sustained downward trends," the firm states in its brochure.
Research Financial Strategies
Research Financial Strategies is a fee-based firm serving individuals, high-net-worth individuals, pension and profit sharing plans, trusts, estates, charitable organizations, corporations or business entities.
The firm mainly charges asset-based fees, fixed fees and hourly fees. However, some advisors earn commissions, creating a conflict of interest if they favor products with higher fees over more suitable, non-commissioned products for clients. Research Financial says it mitigates this by acting as a fiduciary for all of its clients.
Members of the Research Financial team are equipped with several certifications, including the certified financial planner (CFP), certified public accountant (CPA), chartered retirement planning counselor (CRPC) and certified wealth strategist (CWS) designations.
The firm has a minimum account size requirement of $50,000.
Research Financial Strategies Background
Legally named Reutemann Financial Solutions, Inc., Research Financial Strategies began conducting business in 1992. The firm was founded by John F. Reutemann Jr., who has worked in financial services since 1972.
The firm provides an array of advisory services, including portfolio management, financial planning, advisor selection, publication of periodicals and educational seminars and workshops.
Research Financial Strategies Investment Strategy
This firm says it formulates investment advice using charting analysis, cyclical analysis, fundamental analysis and technical analysis. Research Financial’s investment strategies include long-term purchases, short-term purchases, trading and margin transactions.
The firm provides investment advice to clients on a variety of securities, including:
- No-load and load-waived mutual funds
- Securities traded over-the-counter
- Fixed income securities
- Closed-end funds and and exchange-traded funds (ETFs)
- Certificants of deposit
- Municipal securities
- Variable life insurance
- Variable annuities
- U.S. government securities
CIC Wealth, LLC
CIC Wealth is a financial services firm that specializes in asset management. The firm works with a variety of clients including individuals with and without high net worths, businesses, trusts, estates and retirement plans. The firm typically requires clients maintain a minimum asset level of $500,000.
The team at CIC Wealth features three accredited investment fiduciaries (AIFs), one certified financial planner (CFP), one chartered retirement planning counselor (CRPC), one financial paraplanner qualified professional (FPQP) and two individuals with certifications for long-term care (CLTCs).
As a fee-based firm, 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. However, this potential conflict of interest is mitigated by the firm's fiduciary duty to act clients' best interests.
CIC Wealth Background
CIC Wealth came onto the financial services scene in 2017 and remains a wholly-owned subsidiary of CIC Wealth Holdings. The firm's CEO Ryan Wibberley and president Michael Fein are the majority owners of CIC Wealth Holdings, LLC.
CIC Wealth offers clients investment management, retirement plan advisory services and financial planning advice on saving for retirement, education planning and charitable giving.
CIC Wealth Investment Strategies
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.
CIC Wealth aims to customize your portfolio to reflect your individual circumstances such as your risk tolerance and your investment goals. The firm's investment approach is primarily focused on the long term. 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
Kendall Capital Management
Fee-only firm Kendall Capital Management, the next practice on our list, has a client base made up of individuals, high-net-worth individuals, pension and profit-sharing plans and charities. The firm, which requires a minimum account size of $500,000, also works with insurance companies.
Collectively, Kendall Capital’s team offers the certified financial planner (CFP), chartered financial analyst (CFA), accredited estate planner (AEP), certified alternative investment analyst (CAIA) and financial risk manager (FRM) designations.
The firm charges asset-based fees, fixed fees and hourly fees for its advisory services. Unlike fee-based firms, Kendall Capital Management advisors do not earn commissions for selling third-party products or services.
Kendall Capital Management Background
Founded in 2005 by Clark A. Kendall, Kendall Capital Management functions as a registered investment advisor (RIA) firm. Kendall serves as the firm's president and remains its sole shareholder.
Kendall Capital Management's advisory services include financial planning, portfolio management and pension consulting.
Kendall Capital Management Investment Strategy
Kendall Capital applies a range of investment methods when offering advice. These include fundamental analysis, asset allocation, quantitative analysis, charting analysis, cyclical analysis, qualitative analysis and technical analysis.
This firm mainly invests in exchange-listed securities, securities traded over-the-counter, foreign issuers, warrants, corporate debt securities, commercial paper, certificates of deposit (CDs), municipal securities, variable life insurance, variable annuities, mutual fund shares and U.S. governmental securities and more.
Ferguson-Johnson Wealth Management, Inc.
Ferguson-Johnson Wealth Management is a fee-only firm serving high-net-worth individuals, individuals, pension and profit-sharing plans and charitable organizations.
Its staff includes one certified financial planner (CFP) and one chartered retirement planning counselor (CRPC).
For its advisory services, the firm charges asset-based fees and hourly fees. Ferguson-Johnson mandates that all new clients meet a minimum account size requirement of $500,000.
Ferguson-Johnson Wealth Management Background
Established in 1978, Ferguson-Johnson specializes in portfolio management and financial planning services. The firm’s financial planning services also target areas such as insurance planning, cash-flow needs, retirement planning, estate planning and more.
Derek Johnson, who holds the CRPC designation, is the firm’s majority shareholder. He has worked at Ferguson-Johnson for over 20 years.
Ferguson-Johnson Wealth Management Investment Strategy
Ferguson-Johnson says on its firm brochure that it applies a disciplined, consistent and non-speculative investment process based on a passive investment approach. The firm also believes in maintaining a long-term investment approach and diversifying across numerous asset classes. "After years of investing and exposure to virtually every investment style, we believe that a passive index investing approach is prudent as a core holding for most investors," the firm's brochure states.
The firm may also invest client asses in exchange-traded funds (ETFs), which provide more flexibility to be traded throughout the day, unlike index funds or actively managed mutual funds.
AtCap Partners, LLC
AtCap Partners, the No. 8 firm on our list, has fewer assets under management than any other practice but the best client-to-advisor ratio. A fee-based firm, AtCap Partners has a small client base primarily composed of high-net-worth individuals. The firm also works with individuals who fall short of the high-net-worth threshold and several corporations.
AtCap Partners requires a $50,000 account minimum to access its wrap fee program, which is a suite of services for one consolidated fee. There is no minimum requirement for financial planning.
As a fee-based firm, some advisors at AtCap Partners can earn commissions for selling insurance or financial products. This type of compensation can create a conflict of interest because the advisor may be incentivized to recommend certain products and services. However, AtCap Partners is a fiduciary and must always act in it clients' best interests.
AtCap Partners Background
Founded in 2011, AtCapt Partners is owned by CEO Catherine Ayers-Rigsby and chief compliance officer Isabelle Ayers-Rigsby. With no website, there is little information published about the firm outside of its official brochure and SEC records.
AtCap Partners offers portfolio management, financial planning and a wrap fee program to clients.
AtCap Partners Investment Strategy
The firm offers advice on a variety of different investments, including mutual funds, index funds, exchange-traded funds (ETFs) stocks, bonds, fixed income securities and variable annuities. The firm uses a critical math tactical allocation strategy, an active approach that seeks to adapt to given market environments by reducing exposure when risk is deemed high and investing more aggressively when risk is considered low.
AtCap Partners uses a combination of charting, fundamental, technical and cyclical analysis to evaluate securities and make investment decisions.
Investment Planning Associates, Inc.
Investment Planning Associates (IPA), a fee-only firm, primarily charges its clients a percentage of their assets. Its advisors do not earn commissions. For prospective clients, the firm requires they meet an account minimum of $250,000 before establishing an advisory relationship.
The firm has two certified financial planners (CFPs) on staff managing the accounts of both high-net-worth individuals and those without a high net worth.
Investment Planning Associates Background
IPA was founded in 1990 by Jay P. Levin, who became a certified financial planner in1995. Among the firm's advisory services are portfolio management, financial planning and retirement plan consulting services.
Investment Planning Associates Investment Strategy
IPA generally uses broad diversification that aligns with a client’s specified investment objectives. The firm primarily invests client assets in mutual funds, which offer the diversification advisors are looking for, low fees and liquidity, according to the firm's website.
Ivy League Financial Advisors, LLC
Ivy League Financial Advisors, a fee-only practice, rounds out our list of the top fianancial advisory firms in Rockville. Ivy League's small team of advisors inludes one professional with both the accredited investment fiduciary (AIF) and certified financial planner (CFP) designations.
The firm's client base comprises individuals and non-high-net-worth individuals, pension and profit-sharing plans and charitable organizations. Ivy League requires clients maintain a minimum asset level of $500,000.
As a fee-only firm, Ivy League advisors do not earn commissions. Instead, their revenue comes from the asset-based fees, fixed fees and hourly fees that clients pay for services.
Ivy League Financial Advisors Background
Established in 1998, Ivy League Financial Advisors registered as an investment advisor the following year. The firm is principally owned by Christopher Brown, its president and founder. Brown holds the AIF and CFP certifications.
Ivy League Financial Advisors offers portfolio management, retirement plan consulting services and standalone financial planning services that may cover cash flow analysis, risk management, estate planning and college funding.
Ivy League Financial Advisors Background
Before allocating a client's assets to specific investments, Ivy League will develop an investment policy statement based on the client's goals, risk tolerance and investment objective. The firm will then likely allocate assets to either a "growth" or "withdrawal" portfolio.
The firm's growth portfolios are typically diversified and include open-ended mutual funds, exchange-traded funds, index mutual funds and individual bonds. For withdrawal portfolios, the firm typically allocates one to three years of a client's annual cash flow needs in cash equivalent investments, and an additional one to three years in relatively conservative investments, like bonds or balanced mutual funds. The remaining assets are allocated across assets found in growth portfolios.