{
  "path": "/advisors/md/fee-only",
  "url": "https://advisorcensus.com/advisors/md/fee-only/page/3",
  "page_type": "state_fee",
  "title": "Fee-only financial advisors in Maryland",
  "filters": {},
  "scope_total": 218,
  "faq": [
    {
      "q": "How many financial advisory firms are there in Maryland?",
      "a": "AdvisorCensus lists 582 investment advisory firms with a principal office in Maryland, from Form ADV filings as of October 2026: 230 SEC-registered, 289 state-registered, and 63 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 Maryland?",
      "a": "218 of the 582 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 Maryland offer financial planning?",
      "a": "331 of the 519 firms in Maryland 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 Maryland 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 218 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 218 investment advisory firms with a principal office in Maryland that meet AdvisorCensus's fee-only test: paid only by client fees on Form ADV Item 5.E, with no employee registered with a broker-dealer or licensed as an insurance agent, no brokerage, insurance, or real estate sales business or related company, and no referral fees from others, drawn from Form ADV filings as of October 2026. Firms are listed alphabetically; sort by years registered or assets band using the controls below, and read the methodology block for how this page is derived.",
  "about_market": null,
  "citation": "AdvisorCensus. Fee-only financial advisors in Maryland: 218 firms from Form ADV filings as of October 2026.",
  "total_firms": 218,
  "page": 3,
  "total_pages": 5,
  "sort": "name",
  "registration_types": {
    "sec": 73,
    "state": 145,
    "exempt": 0
  },
  "fee_model_mix": [
    {
      "code": "fee-only",
      "count": 218
    },
    {
      "code": "percentage_of_aum",
      "count": 191
    },
    {
      "code": "hourly",
      "count": 112
    },
    {
      "code": "subscription",
      "count": 3
    },
    {
      "code": "fixed",
      "count": 136
    },
    {
      "code": "commissions",
      "count": 0
    },
    {
      "code": "performance_based",
      "count": 0
    },
    {
      "code": "other",
      "count": 0
    },
    {
      "code": "not_reported",
      "count": 0
    }
  ],
  "years_registered_distribution": [
    {
      "code": "under_5",
      "count": 63
    },
    {
      "code": "5_to_9",
      "count": 47
    },
    {
      "code": "10_to_19",
      "count": 62
    },
    {
      "code": "20_plus",
      "count": 46
    },
    {
      "code": "not_reported",
      "count": 0
    }
  ],
  "raum_band_distribution": [
    {
      "code": "under_25m",
      "count": 73
    },
    {
      "code": "25m_100m",
      "count": 44
    },
    {
      "code": "100m_500m",
      "count": 46
    },
    {
      "code": "500m_1b",
      "count": 14
    },
    {
      "code": "1b_5b",
      "count": 12
    },
    {
      "code": "over_5b",
      "count": 2
    },
    {
      "code": "not_reported",
      "count": 27
    }
  ],
  "firms": [
    {
      "crd_number": 305842,
      "name": "Independent Access Partners, LLC",
      "name_as_filed": "INDEPENDENT ACCESS PARTNERS, LLC",
      "url": "https://advisorcensus.com/firm/independent-access-partners-llc-hunt-valley-md-305842",
      "city": "Hunt Valley",
      "state": "MD",
      "years_registered": 2,
      "raum_band": "100m_500m",
      "compensation_types": [
        "percentage_of_aum"
      ],
      "enhanced": false
    },
    {
      "crd_number": 159434,
      "name": "Index Portfolio Tools Advisors",
      "name_as_filed": "INDEX PORTFOLIO TOOLS ADVISORS",
      "url": "https://advisorcensus.com/firm/index-portfolio-tools-advisors-159434",
      "city": null,
      "state": null,
      "years_registered": 14,
      "raum_band": "under_25m",
      "compensation_types": [
        "percentage_of_aum",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 327578,
      "name": "Islands East Advisors",
      "name_as_filed": "ISLANDS EAST ADVISORS",
      "url": "https://advisorcensus.com/firm/islands-east-advisors-chester-md-327578",
      "city": "Chester",
      "state": "MD",
      "years_registered": 3,
      "raum_band": "under_25m",
      "compensation_types": [
        "percentage_of_aum",
        "hourly",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 153244,
      "name": "Ithaka Financial Planning, LLC",
      "name_as_filed": "ITHAKA FINANCIAL PLANNING, LLC",
      "url": "https://advisorcensus.com/firm/ithaka-financial-planning-llc-chevy-chase-md-153244",
      "city": "Chevy Chase",
      "state": "MD",
      "years_registered": 16,
      "raum_band": "25m_100m",
      "compensation_types": [
        "percentage_of_aum",
        "hourly",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 119145,
      "name": "Ivy League Financial Advisors LLC",
      "name_as_filed": "IVY LEAGUE FINANCIAL ADVISORS LLC",
      "url": "https://advisorcensus.com/firm/ivy-league-financial-advisors-llc-rockville-md-119145",
      "city": "Rockville",
      "state": "MD",
      "years_registered": 20,
      "raum_band": "100m_500m",
      "compensation_types": [
        "percentage_of_aum",
        "hourly",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 332923,
      "name": "Izuchi LLC",
      "name_as_filed": "IZUCHI LLC",
      "url": "https://advisorcensus.com/firm/izuchi-llc-beltsville-md-332923",
      "city": "Beltsville",
      "state": "MD",
      "years_registered": 1,
      "raum_band": "under_25m",
      "compensation_types": [
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 337294,
      "name": "John Funderburk, LLC",
      "name_as_filed": "JOHN FUNDERBURK, LLC",
      "url": "https://advisorcensus.com/firm/john-funderburk-llc-337294",
      "city": null,
      "state": null,
      "years_registered": 0,
      "raum_band": "under_25m",
      "compensation_types": [
        "percentage_of_aum",
        "hourly",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 311713,
      "name": "JWC Capital Management, LLC",
      "name_as_filed": "JWC CAPITAL MANAGEMENT, LLC",
      "url": "https://advisorcensus.com/firm/jwc-capital-management-llc-annapolis-md-311713",
      "city": "Annapolis",
      "state": "MD",
      "years_registered": 5,
      "raum_band": "under_25m",
      "compensation_types": [
        "percentage_of_aum"
      ],
      "enhanced": false
    },
    {
      "crd_number": 146525,
      "name": "Katalgar Capital Management, LLC",
      "name_as_filed": "KATALGAR CAPITAL MANAGEMENT, LLC",
      "url": "https://advisorcensus.com/firm/katalgar-capital-management-llc-146525",
      "city": null,
      "state": null,
      "years_registered": 18,
      "raum_band": "25m_100m",
      "compensation_types": [
        "percentage_of_aum",
        "hourly"
      ],
      "enhanced": false
    },
    {
      "crd_number": 134740,
      "name": "Kendall Capital Management",
      "name_as_filed": "KENDALL CAPITAL MANAGEMENT",
      "url": "https://advisorcensus.com/firm/kendall-capital-management-rockville-md-134740",
      "city": "Rockville",
      "state": "MD",
      "years_registered": 12,
      "raum_band": "500m_1b",
      "compensation_types": [
        "percentage_of_aum",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 139521,
      "name": "Kilner Capital Advisors, LLC",
      "name_as_filed": "KILNER CAPITAL ADVISORS, LLC",
      "url": "https://advisorcensus.com/firm/kilner-capital-advisors-llc-gaithersburg-md-139521",
      "city": "Gaithersburg",
      "state": "MD",
      "years_registered": 18,
      "raum_band": "100m_500m",
      "compensation_types": [
        "percentage_of_aum"
      ],
      "enhanced": false
    },
    {
      "crd_number": 152805,
      "name": "KRH Investments, LLC",
      "name_as_filed": "KRH INVESTMENTS, LLC",
      "url": "https://advisorcensus.com/firm/krh-investments-llc-152805",
      "city": null,
      "state": null,
      "years_registered": 8,
      "raum_band": "under_25m",
      "compensation_types": [
        "percentage_of_aum",
        "hourly"
      ],
      "enhanced": false
    },
    {
      "crd_number": 107908,
      "name": "L. K. Benson & Company, P.C.",
      "name_as_filed": "L. K. BENSON & COMPANY, P.C.",
      "url": "https://advisorcensus.com/firm/l-k-benson-and-company-p-c-timonium-md-107908",
      "city": "Timonium",
      "state": "MD",
      "years_registered": 31,
      "raum_band": "100m_500m",
      "compensation_types": [
        "hourly",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 22471,
      "name": "Lafayette Investments, Inc.",
      "name_as_filed": "LAFAYETTE INVESTMENTS, INC.",
      "url": "https://advisorcensus.com/firm/lafayette-investments-inc-ashton-md-22471",
      "city": "Ashton",
      "state": "MD",
      "years_registered": 38,
      "raum_band": "500m_1b",
      "compensation_types": [
        "percentage_of_aum",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 325683,
      "name": "Leader Investments LLC",
      "name_as_filed": "LEADER INVESTMENTS LLC",
      "url": "https://advisorcensus.com/firm/leader-investments-llc-325683",
      "city": null,
      "state": null,
      "years_registered": 2,
      "raum_band": "not_reported",
      "compensation_types": [
        "hourly"
      ],
      "enhanced": false
    },
    {
      "crd_number": 331717,
      "name": "Lee, Kelleher & Klein Wealth Management",
      "name_as_filed": "LEE, KELLEHER & KLEIN WEALTH MANAGEMENT",
      "url": "https://advisorcensus.com/firm/lee-kelleher-and-klein-wealth-management-ellicott-city-md-331717",
      "city": "Ellicott City",
      "state": "MD",
      "years_registered": 2,
      "raum_band": "100m_500m",
      "compensation_types": [
        "percentage_of_aum"
      ],
      "enhanced": false
    },
    {
      "crd_number": 335357,
      "name": "Legacy Financial Advisors",
      "name_as_filed": "LEGACY FINANCIAL ADVISORS",
      "url": "https://advisorcensus.com/firm/legacy-financial-advisors-towson-md-335357",
      "city": "Towson",
      "state": "MD",
      "years_registered": 1,
      "raum_band": "under_25m",
      "compensation_types": [
        "percentage_of_aum",
        "hourly",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 277057,
      "name": "Legacy Investing & Wealth Management LLC",
      "name_as_filed": "LEGACY INVESTING & WEALTH MANAGEMENT LLC",
      "url": "https://advisorcensus.com/firm/legacy-investing-and-wealth-management-llc-277057",
      "city": null,
      "state": null,
      "years_registered": 11,
      "raum_band": "under_25m",
      "compensation_types": [
        "percentage_of_aum",
        "hourly",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 143249,
      "name": "Lenet Financial Resources, LLC",
      "name_as_filed": "LENET FINANCIAL RESOURCES, LLC",
      "url": "https://advisorcensus.com/firm/lenet-financial-resources-llc-143249",
      "city": null,
      "state": null,
      "years_registered": 19,
      "raum_band": "not_reported",
      "compensation_types": [
        "hourly",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 308335,
      "name": "Lenz Integrity Financial",
      "name_as_filed": "LENZ INTEGRITY FINANCIAL",
      "url": "https://advisorcensus.com/firm/lenz-integrity-financial-308335",
      "city": null,
      "state": null,
      "years_registered": 6,
      "raum_band": "under_25m",
      "compensation_types": [
        "percentage_of_aum",
        "hourly",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 305002,
      "name": "LGG Financial",
      "name_as_filed": "LGG FINANCIAL",
      "url": "https://advisorcensus.com/firm/lgg-financial-bethesda-md-305002",
      "city": "Bethesda",
      "state": "MD",
      "years_registered": 7,
      "raum_band": "500m_1b",
      "compensation_types": [
        "percentage_of_aum"
      ],
      "enhanced": false
    },
    {
      "crd_number": 312171,
      "name": "Lifetime Financial",
      "name_as_filed": "LIFETIME FINANCIAL",
      "url": "https://advisorcensus.com/firm/lifetime-financial-takoma-park-md-312171",
      "city": "Takoma Park",
      "state": "MD",
      "years_registered": 5,
      "raum_band": "25m_100m",
      "compensation_types": [
        "percentage_of_aum",
        "hourly",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 121797,
      "name": "Main Street Advisors, LLC",
      "name_as_filed": "MAIN STREET ADVISORS, LLC",
      "url": "https://advisorcensus.com/firm/main-street-advisors-llc-westminster-md-121797",
      "city": "Westminster",
      "state": "MD",
      "years_registered": 14,
      "raum_band": "25m_100m",
      "compensation_types": [
        "percentage_of_aum",
        "hourly",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 119416,
      "name": "Marathon Capital Management",
      "name_as_filed": "MARATHON CAPITAL MANAGEMENT",
      "url": "https://advisorcensus.com/firm/marathon-capital-management-hunt-valley-md-119416",
      "city": "Hunt Valley",
      "state": "MD",
      "years_registered": 22,
      "raum_band": "500m_1b",
      "compensation_types": [
        "percentage_of_aum"
      ],
      "enhanced": false
    },
    {
      "crd_number": 310534,
      "name": "Marks Wealth Management",
      "name_as_filed": "MARKS WEALTH MANAGEMENT",
      "url": "https://advisorcensus.com/firm/marks-wealth-management-ellicott-city-md-310534",
      "city": "Ellicott City",
      "state": "MD",
      "years_registered": 6,
      "raum_band": "100m_500m",
      "compensation_types": [
        "percentage_of_aum"
      ],
      "enhanced": false
    },
    {
      "crd_number": 134875,
      "name": "Maryland Capital Advisors, Inc.",
      "name_as_filed": "MARYLAND CAPITAL ADVISORS, INC.",
      "url": "https://advisorcensus.com/firm/maryland-capital-advisors-inc-chester-md-134875",
      "city": "Chester",
      "state": "MD",
      "years_registered": 18,
      "raum_band": "100m_500m",
      "compensation_types": [
        "percentage_of_aum",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 155892,
      "name": "McQuade, Kathleen Mary",
      "name_as_filed": "MCQUADE, KATHLEEN MARY",
      "url": "https://advisorcensus.com/firm/mcquade-kathleen-mary-155892",
      "city": null,
      "state": null,
      "years_registered": 15,
      "raum_band": "not_reported",
      "compensation_types": [
        "hourly",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 171697,
      "name": "MG Financial Services",
      "name_as_filed": "MG FINANCIAL SERVICES",
      "url": "https://advisorcensus.com/firm/mg-financial-services-171697",
      "city": null,
      "state": null,
      "years_registered": 12,
      "raum_band": "under_25m",
      "compensation_types": [
        "percentage_of_aum"
      ],
      "enhanced": false
    },
    {
      "crd_number": 285820,
      "name": "Midcap Financial Services Capital Management, LLC",
      "name_as_filed": "MIDCAP FINANCIAL SERVICES CAPITAL MANAGEMENT, LLC",
      "url": "https://advisorcensus.com/firm/midcap-financial-services-capital-management-llc-bethesda-md-285820",
      "city": "Bethesda",
      "state": "MD",
      "years_registered": 9,
      "raum_band": "over_5b",
      "compensation_types": [
        "percentage_of_aum"
      ],
      "enhanced": false
    },
    {
      "crd_number": 155334,
      "name": "Middleton Advisory",
      "name_as_filed": "MIDDLETON ADVISORY",
      "url": "https://advisorcensus.com/firm/middleton-advisory-bethesda-md-155334",
      "city": "Bethesda",
      "state": "MD",
      "years_registered": 15,
      "raum_band": "25m_100m",
      "compensation_types": [
        "percentage_of_aum"
      ],
      "enhanced": false
    },
    {
      "crd_number": 118082,
      "name": "Millennium Financial Services LLP",
      "name_as_filed": "MILLENNIUM FINANCIAL SERVICES LLP",
      "url": "https://advisorcensus.com/firm/millennium-financial-services-llp-rockville-md-118082",
      "city": "Rockville",
      "state": "MD",
      "years_registered": 29,
      "raum_band": "under_25m",
      "compensation_types": [
        "percentage_of_aum",
        "hourly"
      ],
      "enhanced": false
    },
    {
      "crd_number": 115475,
      "name": "Miller Capital Management, Inc.",
      "name_as_filed": "MILLER CAPITAL MANAGEMENT, INC.",
      "url": "https://advisorcensus.com/firm/miller-capital-management-inc-bethesda-md-115475",
      "city": "Bethesda",
      "state": "MD",
      "years_registered": 23,
      "raum_band": "25m_100m",
      "compensation_types": [
        "percentage_of_aum",
        "hourly"
      ],
      "enhanced": false
    },
    {
      "crd_number": 328260,
      "name": "Monarch Financial, LLC",
      "name_as_filed": "MONARCH FINANCIAL, LLC",
      "url": "https://advisorcensus.com/firm/monarch-financial-llc-328260",
      "city": null,
      "state": null,
      "years_registered": 2,
      "raum_band": "under_25m",
      "compensation_types": [
        "percentage_of_aum"
      ],
      "enhanced": false
    },
    {
      "crd_number": 104694,
      "name": "Money Plans",
      "name_as_filed": "MONEY PLANS",
      "url": "https://advisorcensus.com/firm/money-plans-silver-spring-md-104694",
      "city": "Silver Spring",
      "state": "MD",
      "years_registered": 14,
      "raum_band": "100m_500m",
      "compensation_types": [
        "percentage_of_aum",
        "hourly",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 107099,
      "name": "Mount Vernon Associates Inc",
      "name_as_filed": "MOUNT VERNON ASSOCIATES INC",
      "url": "https://advisorcensus.com/firm/mount-vernon-associates-inc-baltimore-md-107099",
      "city": "Baltimore",
      "state": "MD",
      "years_registered": 40,
      "raum_band": "100m_500m",
      "compensation_types": [
        "percentage_of_aum"
      ],
      "enhanced": false
    },
    {
      "crd_number": 144986,
      "name": "Municap Inc.",
      "name_as_filed": "MUNICAP INC.",
      "url": "https://advisorcensus.com/firm/municap-inc-columbia-md-144986",
      "city": "Columbia",
      "state": "MD",
      "years_registered": 18,
      "raum_band": "not_reported",
      "compensation_types": [
        "hourly",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 139034,
      "name": "MV Capital Management, Inc.",
      "name_as_filed": "MV CAPITAL MANAGEMENT, INC.",
      "url": "https://advisorcensus.com/firm/mv-capital-management-inc-bethesda-md-139034",
      "city": "Bethesda",
      "state": "MD",
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    {
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    {
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    {
      "crd_number": 324638,
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    {
      "crd_number": 281944,
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      "url": "https://advisorcensus.com/firm/osprey-capital-management-llc-rock-hall-md-151132",
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    {
      "crd_number": 344150,
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    {
      "crd_number": 286017,
      "name": "Oxford Planning Group, LLC",
      "name_as_filed": "OXFORD PLANNING GROUP, LLC",
      "url": "https://advisorcensus.com/firm/oxford-planning-group-llc-woodstock-md-286017",
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  },
  "csv": null,
  "source": {
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    "as_of": "2026-10-01",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}
