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At MY Wealth Management, we specialize in helping individuals aged 50 and older navigate pre- and post-retirement through tax-aware planning, investment analysis, and long-term financial decision support. However, we know we may not be the right fit for everyone. That’s why we’ve compiled this list of seven other financial advisors in Maryland to consider in 2026.
If you’re searching for a financial advisor in Maryland and are approaching or already in retirement, this guide is designed to help you compare options and understand what to look for.
Key Takeaways:
- The Maryland financial advisory firms included in this list are registered investment advisers that provide ongoing financial planning and investment advisory services.
- MY Wealth Management focuses exclusively on working with individuals aged 50+ to address retirement income planning, tax considerations, and investment structure.
- It’s essential to interview at least three financial planners before making a decision to ensure they match your needs and financial goals.
Finding a Financial Advisor in Maryland
With thousands of financial advisors across Maryland, finding one who specializes in your specific needs can be overwhelming.
While we would love to help everyone, we aren’t always the best fit.
A young entrepreneur selling their first business, or a high-income professional who is still decades away from retirement and navigating how to manage sale proceeds, may require a different type of financial guidance. These are very specific situations requiring a specialized financial advisor who can help.
At MY Wealth Management, we specialize in helping pre-retirees and retirees aged 50+ navigate retirement through tax-aware planning and investment analysis. However, if we lack the expertise to help someone, we will suggest other financial advisors in Maryland for them to consider.
Just like you wouldn’t see a dermatologist for brain surgery. Different financial situations often benefit from advisors with different areas of specialization.
Given the complexity of choosing the right advisor, we’ve put together this list of Maryland financial advisors to help you make an informed decision.
Disclaimer: The following list of financial advisors is provided for general informational purposes only and is not intended to be exhaustive. The inclusion of any firm does not constitute a testimonial, endorsement, or recommendation. The information has not been independently verified or approved by the firms listed. None of the firms or advisors referenced provided any direct or indirect compensation in connection with this article.
Firm descriptions are summarized based on publicly available information from each firm’s website as of January 26, 2026, and are intended to reflect general positioning rather than a complete description of services.
The 7 Maryland Financial Advisors to Consider in 2026
To keep this list consistent, the firms below (in no particular order) were evaluated using the following criteria:
- RIA firm in Maryland
- Have over $100,000,000 in assets under management
- Employ advisors holding CFP® or ChFC® designations
- We reviewed BrokerCheck as part of our research process
Waypoint Wealth Management
📍 Location: Timonium
Summary:
Waypoint Wealth Management is an independent, fee-only registered investment advisory firm that works with individuals and families on financial planning and investment management. The firm emphasizes long-term advisory relationships, clear communication, and helping clients navigate retirement and broader wealth-planning decisions. Waypoint highlights its experience, independence, and planning-focused approach as core elements of how it serves clients.
Arthur Stein Financial, LLC
📍 Location: Bethesda
Summary:
Arthur Stein Financial is a financial advisory firm that serves clients nationwide and focuses on personalized financial planning and investment guidance. The firm maintains a limited client base in order to provide individualized attention and ongoing support. Its services are centered on retirement planning, investment decision-making, and helping clients understand how their assets may support their long-term goals.
Bestgate Wealth Advisors, LLC
📍 Location: Frederick
Summary:
Bestgate Wealth Advisors is a fee-only advisory firm that provides financial planning and investment management services. The firm places an emphasis on retirement planning and integrates tax considerations into its planning process. Bestgate highlights a comprehensive approach that combines investment strategy, tax planning, and estate considerations as part of its overall client service model.
Berman McAleer
📍 Location: Timonium (with an office in New York)
Summary:
Berman McAleer is an independent wealth management firm that works with a limited number of families. The firm emphasizes alignment of interests through its compensation structure and avoidance of proprietary products. Its approach focuses on long-term financial planning, investment oversight, and serving clients through a selective, relationship-based advisory model.
1 North Wealth Services, LLC
📍 Location: Annapolis
Summary:
1 North Wealth Services is a boutique, fee-only wealth management firm based in Annapolis. Founded by James E. Brennan, CFP®, the firm provides financial planning and investment management services tailored to individual client needs and risk preferences. The firm also emphasizes community involvement and financial education as part of its broader professional focus.
Black Diamond Financial
📍 Location: Timonium
Summary:
Black Diamond Financial is an investment advisory firm that focuses on investment management and wealth planning. The firm highlights the use of low-cost investment strategies and incorporates tax considerations into its approach. Black Diamond is employee-owned and emphasizes alignment of interests and disciplined investment processes in its client relationships.
MacroView Investment Management LLC
📍 Location: Bethesda
Summary:
MacroView Investment Management provides financial planning and investment management services using a structured, process-driven approach. The firm emphasizes understanding client values and goals as part of its planning process and focuses on long-term advisory relationships, ongoing communication, and coordinated financial decision-making.
How Are We Different from Other Planners in Maryland
While the advisors listed above offer strong financial and investment planning services, MY Wealth Management aims to stand out in three ways:
1️⃣ We exclusively focus on retirement planning for individuals aged 50+.
Many firms serve a broad range of clients. Our work is centered on helping pre-retirees and retirees navigate the financial decisions that matter most before and after retirement.
2️⃣ We emphasize tax planning as part of the retirement decision-making process.
Many retirees don’t realize how closely taxes are connected to income decisions in retirement. We help clients evaluate their retirement tax exposure and explore tax-aware strategies as part of a coordinated plan.
3️⃣ We focus on coordinating income, taxes, and investments rather than treating them separately.
Instead of viewing investment management in isolation, we help clients understand how their portfolio, withdrawal strategy, and tax considerations interact over time. Our approach is designed to support informed decision-making and long-term planning through changing market and life circumstances.
If you’re looking for a financial advisor who specializes in retirement-focused planning and tax-aware wealth management, you may want to consider scheduling a Free Retirement & Tax Analysis to better understand how your current strategy aligns with your goals.
What to Look for When Hiring a Maryland Financial Advisor
The firms on this list have different specializations and service models, but they all share three critical qualities:
✔ They employ CFP® and/or ChFC® Professionals. These certifications ensure they have met rigorous education, experience, and ethical standards.
✔ They have a clean and transparent regulatory history. Reviewing an advisor’s BrokerCheck profile can help you understand their professional background and any disclosures that may be relevant to your decision.
✔ They clearly explain their planning approach and service model.
Understanding how an advisor works, what services they provide, and how they structure ongoing relationships can help you determine whether their approach aligns with your needs and expectations.
Other Resources for Finding a Financial Advisor in Maryland
Additionally, consider exploring these professional directories:
🔹 National Association of Personal Financial Advisors (NAPFA)
🔹 XY Planning Network
🔹 Garrett Planning Network
🔹 Fee-Only Network
What If You Can’t Afford a Financial Planner?
Everyone deserves access to quality financial advice. If hiring a financial planner isn’t currently in your budget, consider pro bono financial planning services from:
🔹 Foundation for Financial Planning – Offers Pro Bono financial planning throughout the nation
🔹 Maryland CASH Academy – Offers FREE local financial planning
Frequently Asked Questions About Financial Advisors in Maryland
How do I choose a financial advisor in Maryland?
Choosing a financial advisor starts with understanding your goals and financial situation. Many people review an advisor’s experience, credentials, services offered, and how they are compensated. It can also be helpful to ask who the advisor typically works with and how their approach aligns with your stage of life.
What should retirees look for in a financial advisor?
Individuals approaching or in retirement often look for an advisor who understands retirement income planning, tax considerations, and how different income sources may work together. Clear communication and experience working with retirees are also factors many people consider.
Are all financial advisors fiduciaries?
Not all financial advisors act as fiduciaries at all times. A fiduciary is required to act in a client’s best interest when providing advice. Some advisors operate under different standards depending on the services they provide, so it is important to ask how and when an advisor acts as a fiduciary.
What questions should I ask before hiring a financial advisor?
Common questions include whether the advisor acts as a fiduciary, who they typically work with, what services they provide, and how they are compensated. Asking these questions can help you understand whether the advisor’s experience and approach are a good fit for your needs.
How many financial advisors should I interview before choosing one?
Many people choose to speak with two or three financial advisors before making a decision. Meeting with multiple advisors can help you compare communication styles, service models, and areas of focus.
Do financial advisors specialize in retirement planning?
Some financial advisors focus broadly on financial planning, while others specialize in retirement planning or work primarily with clients in or near retirement. Asking about an advisor’s primary focus can help clarify whether their experience aligns with your situation.
We’ll help you answer key questions like how to:
- 💰 Reduce taxes in retirement
- 📊 Produce tax-efficient income in retirement
- 📈 Ensure your investments are optimized for retirement
MY Wealth Management, Inc. is a Registered Investment Adviser. This article is for educational and informational purposes only and should not be construed as personalized investment, tax, or legal advice. Advisory services are only offered to clients or prospective clients where MY Wealth Management, Inc. and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by MY Wealth Management, Inc. unless a client service agreement is in place. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. Commentary reflects the personal views and analyses of MY Wealth Management, Inc. employees at the time of publication and should not be considered a description of advisory services or client performance. Information provided herein should not be relied upon as the sole basis for making financial decisions. Readers should consult with their professional adviser regarding their individual situation before making any financial, tax, or legal decisions.
