Finding the right financial planner can be a daunting task, especially with the plethora of options available in Maryland. This guide aims to make your search easier by highlighting some of the best financial planners in the state, complete with their contact information, services offered, and client reviews. We’ll also provide insights into their fee structures and unique features. Whether you’re looking for help with retirement planning, investment strategies, or overall financial management, these professionals are equipped to assist you.
Top Financial Planners in Maryland
1. Greenspring Advisors, LLC
Location:
One West Pennsylvania Avenue, Suite 500, Towson, MD 21204
Phone: 443-564-4600
Website: Greenspring Advisors
Social Media: LinkedIn
-Services Offered:
- Wealth management
- Financial planning
- Retirement planning
- Tax and estate planning
- Business financial planning
Fee Structure:
- Percentage of Assets Under Management (AUM)
- Hourly charges
- Subscription fees
- Fixed fees
Client Reviews: Greenspring Advisors is highly praised for their client-first approach, stemming from their dissatisfaction with the commission-driven environment of large brokerage firms. They offer personalized financial plans and have a strong focus on asset allocation tailored to clients’ goals and risk tolerance.
2. WMS Partners, LLC
Location:
Towson City Center, 1 Olympic Place, 8th Floor, Towson, MD 21204
Phone: 410-337-7575
Website: WMS Partners
Social Media: LinkedIn
-Services Offered:
- Investment management
- Estate and tax planning
- Insurance consulting
- Private fund management
Fee Structure:
- Percentage of AUM
- Fixed fees
- Performance-based fees
Client Reviews: Clients appreciate WMS Partners’ comprehensive approach, which classifies investments based on their function in portfolios. This method allows for a balanced strategy that can include stocks, bonds, mutual funds, ETFs, and private investment funds.
3. Harbor Investment Advisory, LLC
Location:
2330 W. Joppa Road, Suite 190, Lutherville, MD 21093
Phone: 443-279-2015
Website: Harbor Investment Advisory
Social Media: LinkedIn
Services Offered:
-- Comprehensive financial planning
- Investment management
- Retirement planning
Fee Structure:
- Percentage of AUM
- Fixed fees
Client Reviews: Harbor Investment Advisory is known for its personalized service and a strong emphasis on long-term client relationships. Their advisors are dedicated to understanding the unique financial situations and goals of each client.
Detailed Table of Maryland Financial Planners
| Firm Name | Location | Phone | Website | Services Offered | Fee Structure | Client Reviews |
|---|---|---|---|---|---|---|
| Greenspring Advisors, LLC | One West Pennsylvania Avenue, Suite 500, Towson, MD 21204 | 443-564-4600 | Greenspring Advisors | Wealth management, Financial planning, Retirement planning, Tax and estate planning, Business financial planning | Percentage of AUM, Hourly charges, Subscription fees, Fixed fees | Client-first approach, strong focus on asset allocation tailored to clients’ goals and risk tolerance |
| WMS Partners, LLC | Towson City Center, 1 Olympic Place, 8th Floor, Towson, MD 21204 | 410-337-7575 | WMS Partners | Investment management, Estate and tax planning, Insurance consulting, Private fund management | Percentage of AUM, Fixed fees, Performance-based fees | Comprehensive approach, balanced strategy including stocks, bonds, mutual funds, ETFs, and private investment funds |
| Harbor Investment Advisory, LLC | 2330 W. Joppa Road, Suite 190, Lutherville, MD 21093 | 443-279-2015 | Harbor Investment Advisory | Comprehensive financial planning, Investment management, Retirement planning | Percentage of AUM, Fixed fees | Personalized service, emphasis on long-term client relationships |
Why Consider a Financial Planner?
Financial planners can help you navigate complex financial landscapes, especially during significant life changes like marriage, the birth of a child, or retirement. They provide expertise in various areas such as investment strategies, tax planning, and retirement savings, ensuring that your financial future is secure.
-How to Choose the Right Financial Planner
When selecting a financial planner, consider their fee structure, services offered, and client reviews. It’s essential to choose someone who understands your financial goals and has a strategy that aligns with your needs. Also, ensure they are fiduciaries, meaning they are legally obligated to act in your best interest.
Conclusion
Maryland offers a range of top-notch financial planners who can provide tailored advice and strategies to meet your financial goals. Whether you’re looking for help with wealth management, retirement planning, or overall financial guidance, the firms listed above are among the best in the state.
For more detailed reviews and to find the perfect financial planner for your needs, check out their websites and social media pages.
Sources:
- NerdWallet: Best Financial Advisors 2024
- MagnifyMoney: Best Financial Advisors in Maryland 2022
By taking the time to research and select the right financial planner, you can ensure a more secure and prosperous financial future. If you have any questions or need further assistance, don’t hesitate to reach out to these firms directly. Happy planning