Best Financial Advisors in Baltimore

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
620+
Advisors
4.7/5.0
Average Rating

Baltimore Financial Landscape

Baltimore's economy is driven by healthcare, education, and technology sectors. The city is experiencing growth in biotech and cybersecurity.

Major industries
Healthcare, Education, Technology
Population
622K (metro: 2.8M)
Median household income
$76,000
Unique needs
Baltimore requires investment in tech diversification and affordable housing solutions.
Market Insights
Economic Growth
According to BEA (2023), Baltimore's GDP growth rate is projected at 3.1%, bolstered by healthcare and tech sectors.
Wealth Demographics
According to Census (2023), the median household income in Baltimore is $76,000, reflecting economic disparities across neighborhoods.
Advisor Specializations
Based on BLS (2023), financial advisors in Baltimore are increasingly specializing in retirement planning and wealth management.
Local Considerations
Cost of Living
According to BLS (2024), Baltimore's cost of living is rising, particularly in housing and healthcare, impacting affordability.
Real Estate Market
According to Zillow (2024), the median home price in Baltimore is $290,000, with a competitive market and increasing demand.
Business Environment
According to Fortune (2024), Baltimore's business climate is improving, with incentives for startups and established firms in tech and healthcare.

Top 5 Financial Advisors in Baltimore

Northbrook Financial
★ ★ ★ ★ ★ 5
Abel Financial: Certified Financial Planner Baltimore
★ ★ ★ ★ ★ 5
Merrill Lynch Wealth Management
★ ★ ★ ★ ★ 5
Brown Capital Management Inc
★ ★ ★ ★ ★ 5
Towson Wealth Management
★ ★ ★ ★ ★ 5
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How to Choose the Right Financial Advisor

When selecting a financial advisor in Baltimore, 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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Baltimore-Specific Expertise
For Baltimore residents working in Healthcare, Education, Technology, 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
Baltimore's tech sector needs diversification to mitigate risks. Real estate faces affordability challenges and potential bubbles. Flooding is a concern; 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