Wealth management companies in Maryland focus on providing tailored financial solutions, covering investment management, financial planning, and estate strategies. This industry caters largely to high-net-worth individuals, families, and businesses seeking guidance in managing their wealth effectively. As financial needs evolve, companies are integrating technology to offer better customer engagement and personalized planning. Trends indicate a growing emphasis on sustainable investments, signaling a shift towards not just financial returns but also social responsibility. With a competitive environment, firms continuously innovate to address the complexities of wealth management and client expectations.


The wealth management landscape in Maryland features a mix of firms, from boutique advisory practices to larger, established organizations. Noteworthy companies like Brown Advisory and Greenspring Advisors vary in size, typically ranging from small teams to those with hundreds of employees. Most firms, founded in the last few decades, specialize in comprehensive financial services, including investment and retirement planning. Their geographic footprint extends beyond Maryland, reflecting a growing influence and connection to broader financial markets, making them vital players in managing wealth across individual and institutional clients.


Continue reading to discover the top wealth management companies in Maryland.


Top 19 Wealth Management Companies Companies in Maryland


1. Brown Advisory

  • Website: brownadvisory.com
  • Ownership type: Private
  • Headquarters: Baltimore, Maryland, United States (USA)
  • Employee distribution: United States (USA) 87%, United Kingdom (UK) 12%
  • Founded year: 1993
  • Headcount: 1001-5000
  • LinkedIn: brown-advisory

Brown Advisory is an independent investment management and strategic advisory firm based in Baltimore, Maryland, founded in 1993. The firm specializes in discretionary investment management and financial planning, catering to a wide array of clients, including individuals, families, nonprofits, and institutions. With a workforce of over 1,100 employees, Brown Advisory operates in multiple locations across the United States and internationally, including offices in London, Frankfurt, and Singapore. The firm prides itself on its client-first philosophy, aiming to make a positive impact on the lives of its clients through thoughtful investing and strategic advice. Their approach is characterized by rigorous research and a commitment to sustainability, which positions them well within the wealth management sector. Brown Advisory has maintained a high client retention rate, indicating strong client satisfaction and trust in their services.


2. Greenspring Advisors

  • Website: greenspringadvisors.com
  • Ownership type: Private
  • Headquarters: Towson, Maryland, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2004
  • Headcount: 11-50
  • LinkedIn: greenspring-advisors

Greenspring Advisors, established in 2004 and based in Towson, Maryland, is a private financial advisory firm specializing in investment management and wealth management services. With a dedicated team of 44 professionals, they provide customized financial planning and retirement solutions tailored to the unique needs of private investors, fiduciaries, and nonprofit organizations. The firm operates under a fee-only model, ensuring that their advice is objective and free from conflicts of interest. Greenspring Advisors emphasizes a fiduciary responsibility, committing to act in the best interests of their clients at all times. Their services extend to corporate retirement plans and endowment management, showcasing their expertise in both individual and institutional financial needs. Greenspring is also known for its community involvement, pledging a portion of profits to local charities, which reflects their commitment to social responsibility. With offices in Maryland, New Jersey, and Pennsylvania, they maintain a strong presence in the financial advisory sector.


3. Facet

  • Website: facetwealth.com
  • Ownership type: Private
  • Headquarters: Baltimore, Maryland, United States (USA)
  • Founded year: 2016
  • Headcount: 201-500
  • LinkedIn: facetwealth

Facet Wealth, founded in 2016 and based in Baltimore, Maryland, is a financial planning service that focuses on providing personalized financial advice to individuals. The company operates on a flat-fee model, which ensures that clients receive transparent and accessible financial planning services without the burden of commissions or hidden fees. Facet offers a wide array of services, including retirement planning, investment management, tax planning, and insurance planning. Their approach is designed to help clients navigate their financial decisions effectively, regardless of their financial situation. Facet employs a team of CERTIFIED FINANCIAL PLANNER™ professionals who work closely with clients to create tailored financial strategies. The company has gained recognition for its innovative use of technology, which enhances the client experience by providing up-to-date access to financial data and direct communication with financial experts. Facet Wealth has positioned itself as a relevant player in the financial services industry, focusing on holistic financial wellness and planning for various life stages.


4. Pinnacle Advisory Group


Pinnacle Advisory Group, operating under the name CW Advisors, is a wealth management firm based in Columbia, Maryland. Founded in 1993, the firm specializes in providing comprehensive financial services tailored to high-net-worth individuals and families. Their offerings include investment management, financial planning, and family office services, all designed to help clients achieve their financial aspirations. With a team of experienced professionals, Pinnacle emphasizes a personalized approach, ensuring that each client's unique needs are met. As of June 2024, the firm manages over $10 billion in assets and has expanded its reach through strategic partnerships, enhancing its capabilities and service offerings. Their commitment to a fiduciary standard ensures that client interests are prioritized, fostering trust and long-term relationships.


5. WMS Partners is now HB Family Office

  • Website: wms-partners.com
  • Ownership type: Private
  • Headquarters: Towson, Maryland, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1993
  • Headcount: 201-500
  • LinkedIn: wms-partners

WMS Partners, now operating as HB Family Office, is a wealth management firm based in Towson, Maryland. Established in 1993, the company specializes in comprehensive financial planning, investment management, and family legacy services. They primarily serve wealthy families, entrepreneurs, and professionals, helping them navigate complex financial landscapes and achieve their long-term financial goals. The firm operates with a fiduciary commitment, ensuring that clients receive unbiased advice tailored to their unique needs. WMS Partners emphasizes an open architecture approach to investing, allowing them to select the most compelling investments from outside managers without the influence of proprietary products. This strategy enables them to build customized portfolios that align with their clients' specific financial objectives. The firm is also dedicated to community involvement, with employees actively supporting various charitable organizations, reflecting their commitment to social responsibility. With a team of experienced professionals, WMS Partners continues to adapt and grow within the wealth management industry, providing valuable services to their clients.


6. Chevy Chase Trust

  • Website: chevychasetrust.com
  • Ownership type: Private
  • Headquarters: Bethesda, Maryland, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1999
  • Headcount: 51-200
  • LinkedIn: chevychasetrust

Chevy Chase Trust, based in Bethesda, Maryland, is a wealth management firm that specializes in providing tailored financial solutions for high-net-worth individuals and families. Established in 1999, the firm has built a reputation for its personalized approach to wealth management, focusing on investment management, financial planning, estate planning, and fiduciary services. Chevy Chase Trust aims to address the complex financial needs of its clients, ensuring their legacies are preserved and enhanced. The firm collaborates closely with clients to develop comprehensive financial strategies that reflect their unique circumstances and goals. With a dedicated team of professionals, Chevy Chase Trust is committed to delivering exceptional service and expertise in managing wealth. Their recent ranking on Barron’s Top 100 RIA firms in 2024 further underscores their active involvement and relevance in the wealth management industry.


7. SOL Capital Management

  • Website: sol-capital.com
  • Ownership type: Family Owned
  • Headquarters: Rockville, Maryland, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1987
  • Headcount: 11-50
  • LinkedIn: sol-capital-management-company

SOL Capital Management, Inc. is a wealth management firm based in Rockville, Maryland, established in 1987. The company focuses on providing investment advisory services tailored to high net worth individuals and families. With a team of experienced professionals, SOL Capital emphasizes a personalized approach to asset management, financial education, and multi-generational wealth transfer. Their commitment to integrity and transparency is evident in their operations, as they strive to build lasting relationships with clients. The firm operates independently, ensuring that their advice is objective and aligned with clients' financial goals. SOL Capital's expertise in legacy planning and wealth preservation positions them as a trusted partner for families looking to secure their financial futures. They maintain a global perspective while being deeply invested in the personal financial well-being of their clients, making them a significant player in the wealth management sector.


8. Seventy2 Capital Wealth Management


Seventy2 Capital Wealth Management, based in Bethesda, Maryland, is a private financial advisory firm that specializes in wealth management and investment planning. Established in 2016, the company focuses on providing tailored financial strategies to affluent individuals, families, and organizations. With a team that boasts over 775 years of combined experience from major Wall Street firms, Seventy2 Capital emphasizes a holistic approach to financial planning. They offer a range of services, including retirement, education, executive, corporate, and estate planning. The firm is also recognized for its commitment to responsible investing, integrating environmental, social, and governance (ESG) factors into their investment strategies. Seventy2 Capital has been acknowledged in various industry rankings, including Barron’s and Forbes, highlighting their effectiveness and reputation in the wealth management space. Their community involvement, supporting organizations that aid youth, veterans, and those in need, further illustrates their dedication to making a positive impact beyond financial services.


9. FAI Wealth Management

  • Website: faiwealth.com
  • Ownership type: Private
  • Headquarters: Columbia, Maryland, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1987
  • Headcount: 11-50
  • LinkedIn: fai-wealth-management

FAI Wealth Management, also known as Carson Wealth, is a financial advisory firm based in Columbia, Maryland, with a history dating back to 1987. The firm specializes in providing a wide array of services tailored to individuals and families, including financial planning, investment management, estate planning, and tax planning. With a team of around 20 employees, they emphasize a client-first approach, ensuring that the interests of their clients are prioritized in all advisory services. FAI Wealth Management has been recognized for its excellence in the field, notably with awards such as the Forbes Best-in-State Wealth Advisor, which highlights their commitment to quality financial advice. Their focus on simplifying complex financial matters for clients further underscores their relevance in the wealth management industry.


10. Heritage Financial Consultants LLC


Heritage Financial Consultants LLC, based in Cockeysville, Maryland, is a financial consulting firm established in 1999. The company specializes in personalized financial planning, investment management, and estate planning services. They cater to a range of clients, including executives, business owners, families, and nonprofits, helping them navigate complex financial situations and achieve their wealth management objectives. Heritage Financial Consultants emphasizes a holistic approach to wealth, focusing on the well-being of families and the importance of aligning financial strategies with personal values. The firm has received recognition for its workplace culture and has been listed among the largest wealth management firms in the Greater Baltimore area, showcasing its active involvement and relevance in the financial consulting industry.


11. Verdence Capital Advisors

  • Website: verdence.com
  • Ownership type: Private
  • Headquarters: Cockeysville, Maryland, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2017
  • Headcount: 11-50
  • LinkedIn: verdence-capital-advisors

Verdence Capital Advisors is a private wealth advisory firm based in Hunt Valley, Maryland, with additional offices in Virginia, Florida, and Massachusetts. Established in 2017, the firm specializes in providing tailored financial planning and investment advisory services to high-net-worth individuals, families, and business owners. With a focus on preserving and growing clients' wealth, Verdence employs a comprehensive strategy that includes estate planning, philanthropic initiatives, and risk management. The firm operates under a fiduciary commitment, ensuring that clients' interests are prioritized above all else. Managing nearly $4 billion in client assets, Verdence has built a reputation for delivering personalized service and sophisticated financial strategies. Their team of experienced advisors emphasizes education and transparency, offering insights through commentaries, white papers, and podcasts. This commitment to client engagement and their proactive approach to wealth management positions Verdence as a notable player in the industry.


12. Creative Wealth Management

  • Website: mycwmanagement.com
  • Ownership type: Corporate
  • Headquarters: Berlin, Maryland, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Latest funding: April 2023
  • Founded year: 1997
  • Headcount: 1-10
  • LinkedIn: creative-wealth-management

Creative Wealth Management, based in Berlin, Maryland, is a financial advisory firm that specializes in wealth management and financial planning. Founded in 1997, the firm has built a reputation for assisting individuals, business owners, and families in achieving their financial goals. Their services include investment advice, insurance, retirement planning, and tax management, all delivered through a personalized approach. The firm prides itself on its deep roots in the Delmarva community, where it has served generations of families, helping them create lasting legacies. The team at Creative Wealth Management is committed to excellence, focusing on understanding each client's unique needs and crafting tailored strategies. They emphasize ongoing support and regular reviews to ensure that clients remain aligned with their financial objectives. The firm operates as a registered investment adviser, adhering to industry regulations and standards.


13. Maller Wealth Advisors, Inc.


Maller Wealth Advisors, Inc. is a private wealth management firm based in Cockeysville, Maryland. Established in 2014, the company specializes in providing comprehensive financial planning and investment management services tailored to the unique needs of individuals, families, and business owners. With a team of approximately 21 employees, Maller Wealth Advisors emphasizes a personalized client experience, focusing on helping clients achieve financial security and effectively manage their wealth. Their services include investment management, estate planning, tax strategies, and insurance solutions, all designed to help clients grow, preserve, protect, and transfer their financial legacy. The firm is committed to integrating clients' visions and values into their financial plans, ensuring that each strategy is aligned with their long-term goals.


14. Pennington Partners & Co.

  • Website: penningtonpartners.co
  • Ownership type: Family Owned
  • Headquarters: Bethesda, Maryland, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2016
  • Headcount: 11-50
  • LinkedIn: penningtonpartners-co

Pennington Partners & Co., founded in 2016 and based in Bethesda, Maryland, is a family-owned financial advisory firm that specializes in investment management and wealth planning services tailored for ultra-high net worth individuals and families. The firm manages over $3 billion in assets, providing a comprehensive suite of solutions that includes personal financial administration, exit planning, and health and wellness services. Their approach is rooted in the founders' experiences as entrepreneurs, allowing them to empathize with the unique challenges faced by their clients. Pennington Partners aims to simplify the complexities of wealth management while ensuring that clients can focus on their personal and professional lives. The firm has been recognized for its innovative services, winning the Best Multi-Family Office award at the Family Wealth Report Awards 2023, which highlights their commitment to excellence in the wealth management sector.


15. Valent Wealth

  • Website: valentwealth.com
  • Ownership type: Private
  • Headquarters: Bethesda, Maryland, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 2023
  • Headcount: 1-10
  • LinkedIn: valent-wealth

Valent Wealth, based in Bethesda, Maryland, is a private wealth management firm founded in 2023. The firm specializes in providing tailored financial planning, investment coaching, estate planning, and retirement strategies primarily for high-net-worth individuals and business owners. With a focus on helping clients navigate the complexities of their financial lives, Valent Wealth aims to empower clients through education and personalized strategies. The team boasts over 100 years of collective experience, with founding member Vincent D'Addona being a notable figure in the industry, recognized for his contributions to estate planning and financial coaching. Valent Wealth operates under Bull Harbor Capital, LLC, an SEC-registered investment adviser, ensuring compliance with regulatory standards. The firm emphasizes a disciplined approach to asset allocation and long-term wealth accumulation, aiming to create a meaningful investing experience for families. Despite its recent establishment, Valent Wealth's commitment to client education and financial empowerment positions it as a relevant player in the wealth management sector.


16. First Financial Group


First Financial Group, based in Bethesda, Maryland, has been a player in the financial services industry since its inception in 1977. The company specializes in a wide array of services aimed at both individual consumers and businesses. Their offerings include investment management, retirement planning, estate planning, and risk management. This comprehensive approach allows them to assist clients in addressing various financial needs and achieving their financial goals. The firm emphasizes personalized strategies, indicating a focus on understanding and meeting the unique aspirations of each client. With a workforce of approximately 146 employees, First Financial Group maintains a robust presence across multiple states, including Maryland, Ohio, and Massachusetts, among others. Their commitment to client education is evident through resources like seminars and informational content, which further solidifies their role in the wealth management industry.


17. FBB Capital Partners

  • Website: fbbcapitalpartners.com
  • Ownership type: Private
  • Headquarters: Bethesda, Maryland, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1987
  • Headcount: 11-50
  • LinkedIn: fbb-capital-partners

FBB Capital Partners is a wealth management firm based in Bethesda, Maryland, with a history spanning over 35 years. Founded in 1987, the firm specializes in providing tailored financial planning and investment management services to affluent families, business owners, and organizations. Their team of credentialed, fee-only financial advisors emphasizes a personalized approach, ensuring that clients' unique financial goals are prioritized. FBB Capital Partners offers a comprehensive suite of services, including retirement planning, estate and trust planning, tax efficiency strategies, and risk management. They also cater to specific client segments, such as women in finance and foundations, showcasing their adaptability to various client needs. The firm is committed to acting as a fiduciary, which underscores their dedication to serving clients' best interests. Additionally, FBB Capital Partners is actively involved in philanthropy, supporting various charitable organizations and initiatives, which reflects their commitment to social responsibility in wealth management.


18. Delta Financial Advisors, Inc.

  • Website: dfa1.com
  • Ownership type: Private
  • Headquarters: Kensington, Maryland, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Founded year: 1991
  • Headcount: 1-10
  • LinkedIn: delta-financial-advisors-inc.

Delta Financial Advisors, Inc., based in Kensington, Maryland, has been serving clients since 1991. This private firm specializes in wealth management and financial planning, assisting individuals and families in navigating their financial journeys. Their services include investment management, retirement planning, tax planning, and insurance solutions. The firm prides itself on creating personalized strategies that align with the unique financial goals of each client. Led by Beverly A. Fischetti, a Certified Financial Planner and Certified Public Accountant, Delta Financial Advisors emphasizes a comprehensive, tax-efficient approach to wealth management. They cater to a broad clientele, providing both in-person and virtual financial guidance, and have established a reputation for integrity and active management of client portfolios. Delta Financial Advisors operates independently and is registered with the Securities and Exchange Commission as an investment advisor, ensuring compliance with industry regulations.


19. Raffa Financial Services, Inc.

  • Website: raffafinancial.com
  • Ownership type: Corporate
  • Headquarters: Rockville, Maryland, United States (USA)
  • Employee distribution: United States (USA) 100%
  • Latest funding: January 2022
  • Founded year: 2000
  • Headcount: 11-50
  • LinkedIn: raffa-financial-services

Raffa Financial Services, Inc., operating under the name HUB Retirement and Private Wealth, is a financial services firm based in Rockville, Maryland. Founded in 2000, the company specializes in retirement planning, wealth management, and financial wellness. They cater to a range of clients, including individuals, families, and organizations, providing customized strategies to help clients achieve their financial goals. Their service offerings include investment planning, estate planning, and employee financial education, which are essential components of comprehensive wealth management. Raffa Financial Services is part of HUB International, a larger network that enhances its capabilities in risk management and insurance services. The firm has not reported any recent funding, indicating stability and self-sufficiency in its operations.



Wealth Management Companies Insights: Key Companies in Maryland


CompanyHeadquarterSizeFoundedOwnership
Brown AdvisoryBaltimore, Maryland, United States (USA)1001-50001993Private
Greenspring AdvisorsTowson, Maryland, United States (USA)11-502004Private
FacetBaltimore, Maryland, United States (USA)201-5002016Private
Pinnacle Advisory GroupColumbia, Maryland, United States (USA)11-501993Private
WMS Partners is now HB Family OfficeTowson, Maryland, United States (USA)201-5001993Private
Chevy Chase TrustBethesda, Maryland, United States (USA)51-2001999Private
SOL Capital ManagementRockville, Maryland, United States (USA)11-501987Family Owned
Seventy2 Capital Wealth ManagementBethesda, Maryland, United States (USA)51-2002016Private
FAI Wealth ManagementColumbia, Maryland, United States (USA)11-501987Private
Heritage Financial Consultants LLCCockeysville, Maryland, United States (USA)51-2001999Private
Verdence Capital AdvisorsCockeysville, Maryland, United States (USA)11-502017Private
Creative Wealth ManagementBerlin, Maryland, United States (USA)1-101997Corporate
Maller Wealth Advisors, Inc.Cockeysville, Maryland, United States (USA)11-502014Private
Pennington Partners & Co.Bethesda, Maryland, United States (USA)11-502016Family Owned
Valent WealthBethesda, Maryland, United States (USA)1-102023Private
First Financial GroupBethesda, Maryland, United States (USA)51-2001977Private
FBB Capital PartnersBethesda, Maryland, United States (USA)11-501987Private
Delta Financial Advisors, Inc.Kensington, Maryland, United States (USA)1-101991Private
Raffa Financial Services, Inc.Rockville, Maryland, United States (USA)11-502000Corporate


Want to Find More Wealth Management Companies Companies?

If you want to find more companies that offer services such as investment management and financial planning you can do so with Inven. This list was built with Inven and there are hundreds of companies like these globally.

With Inven you'll also get to know the company's:

  • Detailed Ownership: Who owns the company? Is it a public or private company? What is the ownership structure?
  • Contact data: Who are the founders and CEO's? What are their emails and phone numbers?
  • Financials: How do these companies perform financially? What are their revenues and profit margins?

...and a lot more!