Best Financial Advisors in Frederick, Maryland

Looking for the right advisor for you? Datalign Advisory makes finding a financial advisor specific to your needs easier than ever.

Need financial advice? You’re in luck in Frederick, Maryland. Financial advisors are equipped to provide comprehensive plans that suit you. They can offer the necessary hand-holding so that you can understand what’s happening every step of the way.

If you haven’t been successful with your search, you’re in luck. Benzinga has handpicked some of the best advisors in Frederick to help you.

Best Financial Advisors in Frederick, Maryland

  • Best for Unique Planning Process: Wealth Management Institute Ltd.
  • Best Robo-Advisor: M1 Finance
  • Best for Retirement Planning: Murray Financial Group Inc.
  • Best Mobile App: Betterment
  • Best for Fiduciary Planning: Priority Financial Advisors LLC
  • Best Portfolio Analysis: Personal Capital
  • Best for Retirees or Soon-to-Be Retirees: NorthPeak Financial Inc. 
  • Best for Advanced Tax Planning: Bestgate Wealth Advisors, LLC

Best for Unique Planning Process: Wealth Management Institute Ltd.

Wealth Management Institute is an advisory firm that has been around for more than 25 years. The firm’s Founder and Chief Investment Officer, C. Cameron Bell, is a certified financial planner (CFP®) and a top 100 advisor with American Portfolios Financial Services Inc.

To build the right plan for you, the firm implements a unique process called the Northstar Process. In short, this process is designed to help you achieve your goals in the most productive manner possible. 

The firm uses risk management procedures to measure supply and demand across all tradable markets and abide by the fiduciary standard.

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WEALTH MANAGEMENT INSTITUTE LTD.

WEALTH MANAGEMENT INSTITUTE LTD.

$26,423,369
  • A percentage of assets under your management
  • Hourly charges
  • Fixed fees (other than subscription fees)
  • Other
$50,000
1
N/A
No
35
4
  • Financial planning services
  • Educational seminars/workshops
Address

,

Phone number

301-926-7276

Best For
Customizable Robo Investing

Best Robo-Advisor: M1 Finance

M1 Finance is a robo-investment advisor that makes it extremely easy for you to take charge of your finances. M1 offers you multiple ways to invest, borrow and spend your money. 

The Basic M1 account offers no trading commissions, no management fees, a free checking account and lets you borrow at a 3.5% base rate. 

The upgraded version, M1 Plus, is packed with lots of benefits. You can receive perks like 1% cash back, 1% annual percentage yield (APY), 2% base rate when borrowing and much more. There is no minimum account balance required but you will have to pay a sign-up fee of $125.

Best for Retirement Planning: Murray Financial Group Inc.

Murray Financial Group is an independent financial service firm in Frederick, Maryland. The firm helps you create retirement strategies using multiple investment and insurance products tailored to your needs and objectives.

The firm has its own proprietary process to retirement and wealth management planning called The Murray Financial Group Financial Protector™. The firm specializes in 3 areas of service:

  • Growing your assets through IRA/401(k) rollovers, annuities, investments and more.
  • Protecting your assets through life insurance, tax-efficient strategies, etc.
  • Providing for the people and the causes you care most about through IRA legacy planning.

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MURRAY FINANCIAL GROUP, INC.

MURRAY FINANCIAL GROUP, INC.

$0
  • Hourly charges
  • Fixed fees (other than subscription fees)
  • Commissions
  • Other
No Account Minimum
1
N/A
No
32
2
  • Financial planning services
  • Pension consulting services
  • Selection of other advisers (including private fund managers)
Address

50 CARROLL CREEK WAY SUITE 240 FREDERICK MD, 21701

Phone number

301-682-9876

Best For
ETF Investors

Best Mobile App: Betterment

Betterment is an excellent app for beginner investors and seasoned investors to manage their investments. You can set up specific savings goals like a wedding or college fund and even track your progress to see if you’re aligned with your goal. Betterment checks your preferences and risk tolerance and will use the money you deposit to invest in a recommended portfolio.

You can opt for Betterment Digital or Betterment Premium. The Digital plan does not require a minimum account balance and charges an annual fee of 0.25% of your assets under management. Need unlimited phone access to CFP® professionals? You can do that with the Premium plan, which requires an account minimum of $100,000 and charges an annual fee of 0.40% of your assets under management.

Best Mobile App: Betterment
Source: Betterment

Best for Fiduciary Planning: Priority Financial Advisors LLC

Priority Financial Advisors is a registered investment advisor based in Frederick, Maryland, but offers its services to clients nationwide. The firm offers a range of services such as portfolio allocation, retirement planning and much more.

Priority Financial Advisors is a fiduciary, which means that it has a legal and ethical obligation to act in the best interest of its clients. The firm does not make decisions for the sake of its own benefit. This means that it does not make any commission as compensation. The firm offers a flat-rate fee and offers unbiased advice.

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PRIORITY FINANCIAL ADVISORS, LLC

PRIORITY FINANCIAL ADVISORS, LLC

$7,013,515
  • A percentage of assets under your management
  • Hourly charges
No minimum
N/A
N/A
No
28
4
  • Financial planning services
Address

,

Phone number

301-668-6499

Best For
High Net Worth Individuals

Best Portfolio Analysis: Personal Capital

Personal Capital gives you a complete view of all your accounts in 1 secure platform to help you budget finances and keep track of your spending. It offers free investment management tools so that you can track a multi-asset portfolio. 

Personal Capital offers managed services if you feel the need to have your portfolio managed by a real person. You can opt for this service if you meet the eligibility requirement of at least $100,000 in investable assets. Personal Capital’s advisors offer you tax optimization strategies and help you create solid plans to meet your short- and long-term goals.

Best for Retirees or Soon-to-Be Retirees: NorthPeak Financial Inc. 

NorthPeak Financial focuses on money management and for those concerned about outliving their money. The firm offers personalized, hands-on service to those who are retired or approaching retirement through comprehensive retirement strategies. 

NorthPeak offers a wide range of financial planning services such as 401(k) planning, business succession planning, tax planning and more. The firm also offers advice on investments like stocks, IRAs, bonds and insurance like life insurance, disability insurance and long-term care insurance. 

The firm can educate you about financial concepts such as investing, insurance, estate conservation and preserving wealth. 

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NORTHPEAK FINANCIAL, INC.

NORTHPEAK FINANCIAL, INC.

$14,725,443
  • A percentage of assets under your management
  • Hourly charges
$100,000
2
N/A
No
16
4
  • Financial planning services
  • Pension consulting services
Address

3 W CHURCH ST. SUITE 200 FREDERICK MD, 21701

Phone number

240-515-0113

Best for Advanced Tax Planning: Bestgate Wealth Advisors, LLC

Bestgate Wealth Advisors is a fee-only fiduciary founded by a group of certified public accountants (CPAs), attorneys and certified financial planners (CFPs®). The firm offers investment services, financial strategies, insurance and business planning.

Bestgate’s team has particular expertise in holistic financial and tax planning. What makes Bestgate stand out from other firms is its ability to integrate true tax planning into its clients’ financial plan and portfolio for optimized tax results.

The firm has an office in Frederick, Maryland and has other offices within Maryland — Towson, Rockville, Edgewater, Columbia, Chester and Annapolis.

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BESTGATE WEALTH ADVISORS, LLC

BESTGATE WEALTH ADVISORS, LLC

$0
  • A percentage of assets under your management
  • Fixed fees (other than subscription fees)
$5,000
9
N/A
No
43
2
  • Financial planning services
  • Selection of other advisers (including private fund managers)
Address

3161 SOLOMONS ISLAND ROAD UNIT 1 EDGEWATER MD, 21037

Phone number

410-956-6002

Frequently Asked Questions

Q

Can financial advisors help mitigate debt?

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Can financial advisors help mitigate debt?
asked
A
1

Absolutely. Once your advisor takes a clear look at all your finances, he or she can create a comprehensive escape plan by incorporating multiple strategies to help you get back to the green zone.

answered
Q

Do I need a financial advisor for retirement?

1
Do I need a financial advisor for retirement?
asked
A
1

It’s definitely beneficial to hire a financial advisor to help you plan for retirement. An advisor can help you with investment advice, save on taxes and manage your assets so you’re financially secure after you stop working.

answered
Q

How can I research the background of my financial advisor?

1
How can I research the background of my financial advisor?
asked
A
1

The most trusted source for advisor background information is the Investment Advisor Public Disclosure website and the BrokerCheck website. You can find everything you need to know, such as fees and other disclosures in the ADV brochures.

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Choose a Financial Advisor in Frederick, Maryland

Financial advisors can offer the necessary guidance to shape your future. You should always perform a background check before you select a financial advisor. You can try meeting multiple prospects, learn about their offerings and ensure that the plan they chalk out for you aligns with your goals.

Methodology

To determine the top financial advisors in Frederick, Maryland, we pored through all SEC-registered advisory firms that have an office in Frederick. We winnowed the list by only including advisors that are registered fiduciaries, have no past disclosures and have minimal personal conflicts of interest. To further break down the list to the true top advisors in the area, we gave weight to advisors that offer both investment management and planning, have no conflicts of interest, have offices in multiple states, have a wrap fee program and over $50 million in assets under management.