Best Financial Advisors in Annapolis

Find top-rated local financial advisors who can help you achieve your financial goals with personalized strategies and expert guidance.

Find an Advisor Estimated Advisor Fees
60+
Advisors
4.8/5.0
Average Rating

Annapolis Financial Landscape

Annapolis has a diverse economy driven by government, education, and tourism. The city benefits from its proximity to Washington D.C., enhancing its economic prospects.

Major industries
Government, Education, Tourism
Population
38.7K (metro: 1.6M)
Median household income
$85,000
Unique needs
Annapolis requires tailored financial advice due to its unique economic landscape and historical significance.
Market Insights
Economic Growth
According to BEA (2023), Annapolis has seen a steady economic growth rate of 3.2%, primarily driven by tourism and government spending.
Wealth Demographics
According to Census (2023), the median income in Annapolis is approximately $85,000, reflecting a relatively affluent population.
Advisor Specializations
Based on BLS (2023), financial advisors in Annapolis are increasingly focusing on retirement planning and estate management due to the aging population.
Local Considerations
Cost of Living
According to BLS (2024), the cost of living in Annapolis is 15% higher than the national average, driven by housing and utilities.
Real Estate Market
According to Zillow (2024), the real estate market in Annapolis is competitive, with home prices rising by 7% year-over-year, raising concerns about affordability.
Business Environment
According to Fortune (2024), Annapolis offers a supportive business climate, particularly for startups in the tech and service sectors, aided by local government incentives.

Top 5 Financial Advisors in Annapolis

Marks Wealth Management
★ ★ ★ ★ ★ 5
RCS Financial Planning
★ ★ ★ ★ ★ 5
Modera Wealth Management - Financial Advisors & Financial Planners - Annapolis, MD
★ ★ ★ ★ ★ 5
HF Advisory Group
★ ★ ★ ★ ★ 5
Severn Financial Advisors, LLC
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Annapolis, consider these essential factors

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Fiduciary Standard
Prioritize advisors who commit to acting as fiduciaries 100% of the time, legally obligating them to put your interests first.
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Annapolis-Specific Expertise
For Annapolis residents working in Government, Education, Tourism, consider advisors with specific experience in your industry's unique compensation and benefit structures.
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Fee Structure Transparency
Understand how your advisor is compensated—whether through fees, commissions, or a combination—and how this might influence their recommendations.
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Credentials
Seek advisors with recognized credentials such as CFP®, CFA, or ChFC designations, indicating advanced training and ethical standards.
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Communication Style
Choose an advisor whose communication approach matches your preferences regarding frequency, detail, and method of interaction.
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Risk Management Focus
Annapolis' economy relies on government and tourism, posing risks during downturns. Real estate is vulnerable to market fluctuations and flooding risks; diversify investments.

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Find Financial Advisors in Nearby Cities

Explore financial advisor options in these nearby Maryland locations

Baltimore Frederick Gaithersburg Rockville Bowie Hagerstown Annapolis