Top 10 financial advisor firms in Maryland

134 SEC-registered financial advisor firms are headquartered in Maryland, with $255B in combined regulatory assets under management. The largest by assets are Brown Advisory ($124B), 1919 Investment Counsel ($26B) and D.F. Dent and Company ($7.88B).

134
Financial advisor firms: $255B
Their combined AUM: $364M
Median firm AUM: 26,013
Clients of the top 10

The 10 largest by assets

1
Brown Advisory
RIA
$124B
0.30% to 1.00% a year
2
1919 Investment Counsel
RIA
$26B
0.40% to 1.00%
3
D.F. Dent and Company
RIA
$7.88B
0.50% to 1.00%
4
Greenspring Advisors
RIA
$6.46B
Up to 1.35% a year
5
Pennington Partners & Co.
RIA
$5.09B
Up to 1.50% a year
6
The Prosperity Consulting Group
RIA
$5.04B
0.10% to 1.50% a year
7
Heritage Investors Management
RIA
$4.63B
0.50% to 1.00% a year
8
Verdence Capital Advisors
RIA
$4.63B
0.30% to 1.00% a year
9
XML Financial
RIA
$3.3B
0.10% to 1.00% a year
10
Baltimore-Washington Financial Advisors
RIA
$2.99B
0.65% to 1.25% a year

Profiles of the top 10

No. 1 · RIA

Brown Advisory

Brown Advisory is an investment adviser based in Baltimore, MD, registered with the SEC since 1991. It provides investment management. Its clients include high-net-worth individuals, investment companies and charitable organizations. Its regulatory assets under management total $124 billion, as filed on 31 March 2026.

Brown Advisory charges 0.30%–1.00% a year for its Private Clients.

Regulatory AUM: $124B
Clients: 4,415
Advisory staff: 272
Fee schedule: 0.30% to 1.00% a year
Minimum account: $5,000,000
Custodians: U.S. Bank National Association, Fidelity
Headquarters: 901 South Bond Street, Suite 400, Baltimore, MD 21231-3340
Phone: 410-537-5400
Website: brownadvisory.com

No. 2 · RIA

1919 Investment Counsel

1919 Investment Counsel is an investment adviser based in Baltimore, MD, registered with the SEC since 2004. It provides financial planning and investment management. Its clients include high-net-worth individuals, charitable organizations, and corporations and other businesses. Its regulatory assets under management total $26 billion, as filed on 27 August 2026.

1919 Investment Counsel charges 0.40%–1.00% for its Individual accounts: equity / balanced. The brochure does not state whether the rate is annual.

Regulatory AUM: $26B
Clients: 5,169
Advisory staff: 52
Fee schedule: 0.40% to 1.00%
Minimum account: $2,000,000
Custodians: Charles Schwab, Fidelity, U.S. Bancorp Investments, Citigroup Private Bank
Headquarters: One South Street, Suite 2500, Baltimore, MD 21202
Phone: 410-454-2171
Website: 1919ic.com

No. 3 · RIA

D.F. Dent and Company

D.F. Dent and Company is an investment adviser based in Baltimore, MD, registered with the SEC since 1980. It provides financial planning and investment management. Its clients include high-net-worth individuals, pension and profit-sharing plans, and corporations and other businesses. Its regulatory assets under management total $7.88 billion, as filed on 18 June 2026.

D.F. Dent and Company charges 0.50%–1.00% for its Investment Management Services. The brochure does not state whether the rate is annual.

Regulatory AUM: $7.88B
Clients: 1,185
Advisory staff: 16
Fee schedule: 0.50% to 1.00%
Custodians: PNC Wealth Management, Fidelity
Headquarters: 400 East Pratt Street, 7th Floor, Baltimore, MD 21202-3127
Phone: 410-837-2544
Website: dfdent.com

No. 4 · RIA

Greenspring Advisors

Greenspring Advisors is an investment adviser based in Towson, MD, registered with the SEC since 2007. It provides financial planning and investment management. Its clients include high-net-worth individuals, pension and profit-sharing plans, and individual clients. Its regulatory assets under management total $6.46 billion, as filed on 30 June 2026.

Greenspring Advisors charges up to 1.35% a year for its Wealth Management Fees.

Regulatory AUM: $6.46B
Clients: 1,837
Advisory staff: 39
Fee schedule: Up to 1.35% a year
Custodians: Fidelity, Charles Schwab, Adp
Headquarters: One West Pennsylvania Avenue, Suite 500, Towson, MD 21204
Phone: 443-564-4600
Website: greenspringadvisors.com

No. 5 · RIA

Pennington Partners & Co.

Pennington Partners & Co. is an investment adviser based in Bethesda, MD, registered with the SEC since 2016. It provides financial planning and investment management. Its clients include high-net-worth individuals and pooled investment vehicles. Its regulatory assets under management total $5.09 billion, as filed on 6 April 2026.

Pennington Partners & Co. charges up to 1.50% a year for its Investment Advisory Services Fees.

Regulatory AUM: $5.09B
Clients: 112
Advisory staff: 10
Fee schedule: Up to 1.50% a year
Custodians: Charles Schwab, Fidelity
Headquarters: 7500 Old Georgetown Road, Suite 705, Bethesda, MD 20814
Phone: 202-370-6435
Website: penningtonpartners.co

No. 6 · RIA

The Prosperity Consulting Group

The Prosperity Consulting Group is an investment adviser based in Owings Mills, MD, registered with the SEC since 2015. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients, and corporations and other businesses. Its regulatory assets under management total $5.04 billion, as filed on 28 August 2026.

The Prosperity Consulting Group charges 0.10%–1.50% a year for its Investment Management Services.

Regulatory AUM: $5.04B
Clients: 2,412
Advisory staff: 60
Founded: 2005
Fee schedule: 0.10% to 1.50% a year
Custodians: Charles Schwab
Headquarters: 10065 Red Run Boulevard, Suite 200, Owings Mills, MD 21117
Phone: 410-363-7211
Website: prosperityconsult.com

No. 7 · RIA

Heritage Investors Management

Heritage Investors Management is an investment adviser based in Bethesda, MD, registered with the SEC since 1975. It provides financial planning and investment management. Its clients include high-net-worth individuals, charitable organizations, and corporations and other businesses. Its regulatory assets under management total $4.63 billion, as filed on 27 August 2026.

Heritage Investors Management charges 0.50%–1.00% a year for its Investment management.

Regulatory AUM: $4.63B
Clients: 762
Advisory staff: 8
Fee schedule: 0.50% to 1.00% a year
Custodians: Chevy Chase Trust
Headquarters: 7101 Wisconsin Avenue, Suite 950, Bethesda, MD 20814-4878
Phone: 301-951-0440
Website: heritageinvestors.com

No. 8 · RIA

Verdence Capital Advisors

Verdence Capital Advisors is an investment adviser based in Hunt Valley, MD, registered with the SEC since 2017. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients, and corporations and other businesses. Its regulatory assets under management total $4.63 billion, as filed on 22 May 2026.

Verdence Capital Advisors charges 0.30%–1.00% a year for its Annual Fee Schedule.

Regulatory AUM: $4.63B
Clients: 1,876
Advisory staff: 29
Fee schedule: 0.30% to 1.00% a year
Custodians: Fidelity, Charles Schwab
Headquarters: 50 Schilling Road, Suite 300, Hunt Valley, MD 21031
Phone: 410-472-5380
Website: verdence.com

No. 9 · RIA

XML Financial

XML Financial is an investment adviser based in Bethesda, MD, registered with the SEC since 2016. It provides financial planning and investment management. Its clients include individual clients, high-net-worth individuals, and corporations and other businesses. Its regulatory assets under management total $3.3 billion, as filed on 2 June 2026.

XML Financial charges 0.10%–1.00% a year for its Portfolio Management Service.

Regulatory AUM: $3.3B
Clients: 2,944
Advisory staff: 26
Founded: 2004
Fee schedule: 0.10% to 1.00% a year
Custodians: Fidelity, Wells Fargo Clearing Services
Headquarters: 6901 Rockledge Drive, Suite 730, Bethesda, MD 20817
Phone: 301-770-5234
Website: xmlfg.com

No. 10 · RIA

Baltimore-Washington Financial Advisors

Baltimore-Washington Financial Advisors is an investment adviser based in Columbia, MD, registered with the SEC since 2012. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients and charitable organizations. Its regulatory assets under management total $2.99 billion, as filed on 19 March 2026.

Baltimore-Washington Financial Advisors charges 0.65%–1.25% a year for its Portfolio Management.

Regulatory AUM: $2.99B
Clients: 5,301
Advisory staff: 13
Fee schedule: 0.65% to 1.25% a year
Custodians: Charles Schwab
Headquarters: 10960 Grantchester Way, Suite 110, Columbia, MD 21044
Phone: 410-461-3900
Website: bwfa.com

Questions about financial advisors in Maryland

How many financial advisor firms are headquartered in Maryland?

134 SEC-registered financial advisor firms report their principal office in Maryland, managing $255B in regulatory assets between them. The other 84 advisers headquartered in the state are broker-dealers, other kinds of wealth firm, or fund and institutional managers.

Source: Form ADV Part 1A, Items 1.F, 5.D and 5.F

What is the largest financial advisor firm in Maryland?

Brown Advisory, with $124B in regulatory assets under management on its latest Form ADV. The next largest are 1919 Investment Counsel ($26B) and D.F. Dent and Company ($7.88B).

Source: Form ADV Part 1A, Item 5.F

How large is a typical financial advisor firm in Maryland?

The median firm manages $364M in regulatory assets. That is the midpoint of the 134 firms headquartered in Maryland.

Source: Form ADV Part 1A, Item 5.F

How much do financial advisors in Maryland charge?

Of the 10 largest firms, 10 publish an asset-based fee schedule for their main service in their brochure. The highest rate in those schedules runs from 1.00% to 1.50% of assets, depending on the firm; each firm's fee is in its profile above.

Source: Form ADV Part 2A brochures, Item 5

How can I check a financial advisor's record in Maryland?

Search the firm or the person on the SEC's Investment Adviser Public Disclosure site, adviserinfo.sec.gov, which shows registrations, Form ADV filings and any disclosures. Each firm profile in this directory links its SEC record.

Source: SEC Investment Adviser Public Disclosure

How is this list ordered?

By regulatory assets under management as filed on Form ADV, largest first. A firm is included when its principal office is in the state and most of its client assets belong to individuals and its type is RIA, which leaves out broker-dealers, wirehouses, RIA networks, digital advice, bank, insurance and family-office firms. A firm with only a branch office here is listed in its own headquarters state.

Source: Niva directory methodology

Maryland has 134 financial advisor firms; see every adviser in the state →

The 10 largest by assets

Profiles of the top 10

Questions about financial advisors in Maryland

Top financial advisor firms by city in Maryland