{ "path": "/advisors/md/baltimore", "url": "https://advisorcensus.com/advisors/md/baltimore/page/5", "page_type": "metro", "title": "Financial advisors in Baltimore, MD", "filters": {}, "scope_total": 236, "faq": [ { "q": "How many financial advisory firms are there in Baltimore, MD?", "a": "AdvisorCensus lists 236 investment advisory firms with a principal office in the Baltimore metro area, from Form ADV filings as of October 2026: 116 SEC-registered, 90 state-registered, and 30 exempt reporting advisers. Firms may request removal, so the count can differ slightly from the number of firms that file Form ADV." }, { "q": "How many fee-only financial advisors are in Baltimore, MD?", "a": "82 of the 236 firms meet AdvisorCensus's fee-only test: paid only by a percentage of assets, hourly charges, fixed fees, or subscription fees on Form ADV Item 5.E (no commissions, performance-based fees, or other compensation), with no sales-related compensation ties in the same filing: no employee registered with a broker-dealer or licensed as an insurance agent (Item 5.B), no brokerage, insurance, real estate, or other product sales business (Item 6.A), no related broker-dealer, insurance company, real estate broker, or futures commission merchant (Item 7.A), and no referral fees from others or other sales interest (Item 8). Form ADV has no fee-only box, so this is derived from the filing; it is not a fee-only certification, and a firm's own page lists its compensation arrangements as filed." }, { "q": "How many financial advisors in Baltimore, MD offer financial planning?", "a": "128 of the 206 firms in Baltimore, MD that answer Form ADV Item 5.G, which asks what advisory services a firm provides, report financial planning services, as of October 2026. Exempt reporting advisers do not answer Item 5.G. Each firm page lists every advisory service the firm reports." }, { "q": "Are the financial advisors in Baltimore, MD fiduciaries?", "a": "Every firm on this page is an investment adviser that files Form ADV, and an investment adviser owes its clients a fiduciary duty under federal law, made up of a duty of care and a duty of loyalty: it must act in the client's best interest and not put its own interests ahead of the client's, and must eliminate its conflicts of interest or disclose them fully and fairly. Form ADV has no fiduciary box because the duty comes with being an investment adviser. The duty covers the firm's advice; a firm or its people may also sell securities through a broker-dealer or insurance as licensed agents, roles held to other standards. The 82 firms that meet AdvisorCensus's fee-only test report none of those sales ties." }, { "q": "How do I check whether a financial advisor has disciplinary disclosures?", "a": "Each firm page shows how many Form ADV Item 11 disciplinary questions the firm answered yes and links to the firm's record on the SEC's Investment Adviser Public Disclosure site (adviserinfo.sec.gov), where the detail of each disclosure is public. Individual advisers' records are on the same site and on FINRA BrokerCheck." }, { "q": "Does AdvisorCensus rate, verify, or recommend these firms?", "a": "No. The directory shows what each firm filed, in alphabetical order unless you choose another sort, and no firm's position depends on payment. Firms that claim their page can add a description and links, marked as provided by the firm; the filed facts are never changed by that content." }, { "q": "What does regulatory assets under management mean?", "a": "Regulatory assets under management (RAUM) is the figure a firm reports on Form ADV Item 5.F: the securities portfolios it provides continuous and regular supervisory or management services for, at market value, including assets managed without discretion. It measures scale, not performance or quality." } ], "period": "2026-10-01", "answer_paragraph": "AdvisorCensus lists 236 investment advisory firms with a principal office in the Baltimore metro area, drawn from Form ADV filings as of October 2026. Firms are listed alphabetically; sort by years registered or assets band using the controls below. Firms may request removal from the directory, so this count can differ from the number of firms that file Form ADV.", "about_market": "Baltimore has 236 investment advisory firms with a principal office in the metro area as of October 2026: 116 SEC-registered, 90 state-registered, and 30 exempt reporting advisers. 82 of them meet AdvisorCensus's fee-only test (paid only by client fees, with no sales-related compensation ties such as an employee registered with a broker-dealer or licensed as an insurance agent), and 57 report under $100 million in regulatory assets under management. The metro area has 1,120,269 households, 214,183 of them with income of $200,000 or more, or 908 such households for each firm (Census Bureau, American Community Survey 2020–2024 5-year estimates).", "citation": "AdvisorCensus. Financial advisors in Baltimore, MD: 236 firms from Form ADV filings as of October 2026.", "total_firms": 236, "page": 5, "total_pages": 5, "sort": "name", "registration_types": { "sec": 116, "state": 90, "exempt": 30 }, "fee_model_mix": [ { "code": "fee-only", "count": 82 }, { "code": "percentage_of_aum", "count": 172 }, { "code": "hourly", "count": 101 }, { "code": "subscription", "count": 3 }, { "code": "fixed", "count": 123 }, { "code": "commissions", "count": 5 }, { "code": "performance_based", "count": 24 }, { "code": "other", "count": 26 }, { "code": "not_reported", "count": 30 } ], "years_registered_distribution": [ { "code": "under_5", "count": 67 }, { "code": "5_to_9", "count": 47 }, { "code": "10_to_19", "count": 57 }, { "code": "20_plus", "count": 61 }, { "code": "not_reported", "count": 4 } ], "raum_band_distribution": [ { "code": "under_25m", "count": 24 }, { "code": "25m_100m", "count": 33 }, { "code": "100m_500m", "count": 62 }, { "code": "500m_1b", "count": 15 }, { "code": "1b_5b", "count": 25 }, { "code": "over_5b", "count": 15 }, { "code": "not_reported", "count": 62 } ], "firms": [ { "crd_number": 314590, "name": "T.ROWE Price Investment Management, Inc.", "name_as_filed": "T.ROWE PRICE INVESTMENT MANAGEMENT, INC.", "url": "https://advisorcensus.com/firm/t-rowe-price-investment-management-inc-baltimore-md-314590", "city": "Baltimore", "state": "MD", "years_registered": 5, "raum_band": "over_5b", "compensation_types": [ "percentage_of_aum", "performance_based" ], "enhanced": false }, { "crd_number": 172402, "name": "TCP Venture Capital", "name_as_filed": "TCP VENTURE CAPITAL", "url": "https://advisorcensus.com/firm/tcp-venture-capital-owings-mills-md-172402", "city": "Owings Mills", "state": "MD", "years_registered": 1, "raum_band": "not_reported", "compensation_types": [], "enhanced": false }, { "crd_number": 107891, "name": "Technomart RGA Inc", "name_as_filed": "TECHNOMART RGA INC", "url": "https://advisorcensus.com/firm/technomart-rga-inc-baltimore-md-107891", "city": "Baltimore", "state": "MD", "years_registered": 22, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum", "hourly", "subscription", "fixed" ], "enhanced": false }, { "crd_number": 333460, "name": "Terrain Capital Management, LLC", "name_as_filed": "TERRAIN CAPITAL MANAGEMENT, LLC", "url": "https://advisorcensus.com/firm/terrain-capital-management-llc-hunt-valley-md-333460", "city": "Hunt Valley", "state": "MD", "years_registered": 1, "raum_band": "not_reported", "compensation_types": [], "enhanced": false }, { "crd_number": 106658, "name": "The Ellerson Group Inc", "name_as_filed": "THE ELLERSON GROUP INC", "url": "https://advisorcensus.com/firm/the-ellerson-group-inc-annapolis-md-106658", "city": "Annapolis", "state": "MD", "years_registered": 31, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum", "hourly" ], "enhanced": false }, { "crd_number": 310140, "name": "The Kelly Group", "name_as_filed": "THE KELLY GROUP", "url": "https://advisorcensus.com/firm/the-kelly-group-bel-air-md-310140", "city": "Bel Air", "state": "MD", "years_registered": 5, "raum_band": "1b_5b", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 108001, "name": "The L. Warner Companies, Inc", "name_as_filed": "THE L. WARNER COMPANIES, INC", "url": "https://advisorcensus.com/firm/the-l-warner-companies-inc-timonium-md-108001", "city": "Timonium", "state": "MD", "years_registered": 27, "raum_band": "500m_1b", "compensation_types": [ "percentage_of_aum", "fixed", "commissions" ], "enhanced": false }, { "crd_number": 146362, "name": "The Marshall Financial Group LLC", "name_as_filed": "THE MARSHALL FINANCIAL GROUP LLC", "url": "https://advisorcensus.com/firm/the-marshall-financial-group-llc-hunt-valley-md-146362", "city": "Hunt Valley", "state": "MD", "years_registered": 6, "raum_band": "500m_1b", "compensation_types": [ "percentage_of_aum", "subscription" ], "enhanced": false }, { "crd_number": 156740, "name": "The Simmons Partnership, Inc", "name_as_filed": "THE SIMMONS PARTNERSHIP, INC", "url": "https://advisorcensus.com/firm/the-simmons-partnership-inc-towson-md-156740", "city": "Towson", "state": "MD", "years_registered": 12, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 122348, "name": "Tias Planners", "name_as_filed": "TIAS PLANNERS", "url": "https://advisorcensus.com/firm/tias-planners-annapolis-md-122348", "city": "Annapolis", "state": "MD", "years_registered": 29, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 337574, "name": "Tilghman Wealth Management, LLC", "name_as_filed": "TILGHMAN WEALTH MANAGEMENT, LLC", "url": "https://advisorcensus.com/firm/tilghman-wealth-management-llc-arnold-md-337574", "city": "Arnold", "state": "MD", "years_registered": 0, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum", "hourly" ], "enhanced": false }, { "crd_number": 121827, "name": "Tilton-Steele International", "name_as_filed": "TILTON-STEELE INTERNATIONAL", "url": "https://advisorcensus.com/firm/tilton-steele-international-baltimore-md-121827", "city": "Baltimore", "state": "MD", "years_registered": 34, "raum_band": "not_reported", "compensation_types": [ "other" ], "enhanced": false }, { "crd_number": 291998, "name": "Total Return Capital", "name_as_filed": "TOTAL RETURN CAPITAL", "url": "https://advisorcensus.com/firm/total-return-capital-linthicum-heights-md-291998", "city": "Linthicum Heights", "state": "MD", "years_registered": 8, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum", "hourly" ], "enhanced": false }, { "crd_number": 299341, "name": "Town Capital", "name_as_filed": "TOWN CAPITAL", "url": "https://advisorcensus.com/firm/town-capital-bel-air-md-299341", "city": "Bel Air", "state": "MD", "years_registered": 1, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum", "fixed" ], "enhanced": false }, { "crd_number": 139668, "name": "Trasatti Wealth Planning, LLC", "name_as_filed": "TRASATTI WEALTH PLANNING, LLC", "url": "https://advisorcensus.com/firm/trasatti-wealth-planning-llc-baltimore-md-139668", "city": "Baltimore", "state": "MD", "years_registered": 20, "raum_band": "25m_100m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 326489, "name": "Tribridge Partners Financial LLC", "name_as_filed": "TRIBRIDGE PARTNERS FINANCIAL LLC", "url": "https://advisorcensus.com/firm/tribridge-partners-financial-llc-columbia-md-326489", "city": "Columbia", "state": "MD", "years_registered": 2, "raum_band": "1b_5b", "compensation_types": [ "percentage_of_aum", "fixed" ], "enhanced": false }, { "crd_number": 120956, "name": "Troy R. Spratley Investment Advisory", "name_as_filed": "TROY R. SPRATLEY INVESTMENT ADVISORY", "url": "https://advisorcensus.com/firm/troy-r-spratley-investment-advisory-towson-md-120956", "city": "Towson", "state": "MD", "years_registered": 26, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed", "commissions" ], "enhanced": false }, { "crd_number": 113543, "name": "Tufton Capital Management, LLC", "name_as_filed": "TUFTON CAPITAL MANAGEMENT, LLC", "url": "https://advisorcensus.com/firm/tufton-capital-management-llc-hunt-valley-md-113543", "city": "Hunt Valley", "state": "MD", "years_registered": 30, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 304049, "name": "Valuewealth Services, LLC", "name_as_filed": "VALUEWEALTH SERVICES, LLC", "url": "https://advisorcensus.com/firm/valuewealth-services-llc-annapolis-md-304049", "city": "Annapolis", "state": "MD", "years_registered": 7, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 288512, "name": "Verdence Capital Advisors, LLC", "name_as_filed": "VERDENCE CAPITAL ADVISORS, LLC", "url": "https://advisorcensus.com/firm/verdence-capital-advisors-llc-hunt-valley-md-288512", "city": "Hunt Valley", "state": "MD", "years_registered": 9, "raum_band": "1b_5b", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 313717, "name": "VSM Wealth Advisory, LLC", "name_as_filed": "VSM WEALTH ADVISORY, LLC", "url": "https://advisorcensus.com/firm/vsm-wealth-advisory-llc-hunt-valley-md-313717", "city": "Hunt Valley", "state": "MD", "years_registered": 5, "raum_band": "500m_1b", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 136002, "name": "Wagener-Lee, LLC", "name_as_filed": "WAGENER-LEE, LLC", "url": "https://advisorcensus.com/firm/wagener-lee-llc-columbia-md-136002", "city": "Columbia", "state": "MD", "years_registered": 20, "raum_band": "not_reported", "compensation_types": [ "hourly", "fixed" ], "enhanced": false }, { "crd_number": 155574, "name": "Waypoint Wealth Management", "name_as_filed": "WAYPOINT WEALTH MANAGEMENT", "url": "https://advisorcensus.com/firm/waypoint-wealth-management-timonium-md-155574", "city": "Timonium", "state": "MD", "years_registered": 9, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum", "fixed" ], "enhanced": false }, { "crd_number": 105289, "name": "WBH Advisory, Inc.", "name_as_filed": "WBH ADVISORY, INC.", "url": "https://advisorcensus.com/firm/wbh-advisory-inc-baltimore-md-105289", "city": "Baltimore", "state": "MD", "years_registered": 39, "raum_band": "1b_5b", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 138413, "name": "Wealth Builders Financial Group LLC", "name_as_filed": "WEALTH BUILDERS FINANCIAL GROUP LLC", "url": "https://advisorcensus.com/firm/wealth-builders-financial-group-llc-westminster-md-138413", "city": "Westminster", "state": "MD", "years_registered": 20, "raum_band": "25m_100m", "compensation_types": [ "percentage_of_aum" ], "enhanced": false }, { "crd_number": 291708, "name": "Wealth Planning Group", "name_as_filed": "WEALTH PLANNING GROUP", "url": "https://advisorcensus.com/firm/wealth-planning-group-baltimore-md-291708", "city": "Baltimore", "state": "MD", "years_registered": 8, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 120278, "name": "Wealthy & Wise Family Office", "name_as_filed": "WEALTHY & WISE FAMILY OFFICE", "url": "https://advisorcensus.com/firm/wealthy-and-wise-family-office-columbia-md-120278", "city": "Columbia", "state": "MD", "years_registered": 20, "raum_band": "25m_100m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 142893, "name": "Welsh Financial & Accounting Services,llc", "name_as_filed": "WELSH FINANCIAL & ACCOUNTING SERVICES,LLC", "url": "https://advisorcensus.com/firm/welsh-financial-and-accounting-services-llc-sykesville-md-142893", "city": "Sykesville", "state": "MD", "years_registered": 19, "raum_band": "not_reported", "compensation_types": [ "hourly", "fixed" ], "enhanced": false }, { "crd_number": 144571, "name": "Westbourne Investment Advisors Inc.", "name_as_filed": "WESTBOURNE INVESTMENT ADVISORS INC.", "url": "https://advisorcensus.com/firm/westbourne-investment-advisors-inc-annapolis-md-144571", "city": "Annapolis", "state": "MD", "years_registered": 19, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum", "fixed" ], "enhanced": false }, { "crd_number": 299021, "name": "White Oak Wealth Management", "name_as_filed": "WHITE OAK WEALTH MANAGEMENT", "url": "https://advisorcensus.com/firm/white-oak-wealth-management-columbia-md-299021", "city": "Columbia", "state": "MD", "years_registered": 7, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum", "hourly" ], "enhanced": false }, { "crd_number": 338196, "name": "Williams Asset Management", "name_as_filed": "WILLIAMS ASSET MANAGEMENT", "url": "https://advisorcensus.com/firm/williams-asset-management-columbia-md-338196", "city": "Columbia", "state": "MD", "years_registered": 0, "raum_band": "500m_1b", "compensation_types": [ "percentage_of_aum", "fixed" ], "enhanced": false }, { "crd_number": 109971, "name": "WMS Partners, LLC", "name_as_filed": "WMS PARTNERS, LLC", "url": "https://advisorcensus.com/firm/wms-partners-llc-towson-md-109971", "city": "Towson", "state": "MD", "years_registered": 1, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum" ], "enhanced": false }, { "crd_number": 288727, "name": "Woods Advisory Services LLC", "name_as_filed": "WOODS ADVISORY SERVICES LLC", "url": "https://advisorcensus.com/firm/woods-advisory-services-llc-towson-md-288727", "city": 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