Top 10 financial advisor firms in Annapolis

12 SEC-registered financial advisor firms are headquartered in Annapolis, MD, with $5.1B in combined regulatory assets under management. The largest by assets are Scarborough Advisors ($1.64B), Curio Wealth ($461M) and Westbourne Investment Advisors ($449M).

12
Financial advisor firms: $5.1B
Their combined AUM: $320M
Median firm AUM: 5,550
Clients of the top 10

The 10 largest by assets

1
Scarborough Advisors
RIA
$1.64B
Up to 2.50% a year
2
Curio Wealth
RIA
$461M
0.40% to 1.00% a year
3
Westbourne Investment Advisors
RIA
$449M
Up to 1.50% a year
4
MDRN Capital
RIA
$339M
0.50% to 1.50% a year
5
HF Advisory Group
RIA
$322M
0.50% to 1.75%
6
1 North Wealth Services
RIA
$320M
0.60% to 1.15% a year
7
ValueWealth Services
RIA
$319M
Up to 1.95% a year
8
The Ellerson Group
RIA
$291M
0.50% to 1.50% a year
9
Shaker Financial Services
RIA
$286M
1.00% to 1.50% a year
10
RCS Financial Planning
RIA
$281M
0.60% to 1.00% a year

Profiles of the top 10

No. 1 · RIA

Scarborough Advisors

Scarborough Advisors is an investment adviser based in Annapolis, MD, registered with the SEC since 2013. It provides financial planning and investment management. Its clients include high-net-worth individuals and individual clients. Its regulatory assets under management total $1.64 billion, as filed on 26 March 2026.

Scarborough Advisors charges up to 2.50% a year for its Portfolio Management Service.

Regulatory AUM: $1.64B
Clients: 2,664
Advisory staff: 13
Fee schedule: Up to 2.50% a year
Custodians: Charles Schwab
Headquarters: 1906 Towne Centre BLVD, Suite 260, Annapolis, MD 21401
Phone: 410-573-5700
Website: scmadvice.com

No. 2 · RIA

Curio Wealth

Curio Wealth is an investment adviser based in Annapolis, MD, registered with the SEC since 2023. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients, and pension and profit-sharing plans. Its regulatory assets under management total $461 million, as filed on 15 September 2026.

Curio Wealth charges 0.40%–1.00% a year for its Advisory service agreement.

Regulatory AUM: $461M
Clients: 354
Advisory staff: 9
Founded: 2023
Fee schedule: 0.40% to 1.00% a year
Custodians: Charles Schwab, Fidelity
Headquarters: 721 Melvin Ave, Annapolis, MD 21401
Phone: 410-449-2599
Website: curiowealth.com

No. 3 · RIA

Westbourne Investment Advisors

Westbourne Investment Advisors is an investment adviser based in Annapolis, MD, registered with the SEC since 2007. It provides investment management. Its clients include high-net-worth individuals, individual clients, and pension and profit-sharing plans. Its regulatory assets under management total $449 million, as filed on 3 March 2026.

Westbourne Investment Advisors charges up to 1.50% a year for its Advisory Fee Schedule.

Regulatory AUM: $449M
Clients: 203
Advisory staff: 6
Founded: 2007
Fee schedule: Up to 1.50% a year
Custodians: Charles Schwab
Headquarters: 410 Severn Avenue, Ste 409, Annapolis, MD 21403
Phone: 301-656-9035
Website: westbourneinvadvisors.com

No. 4 · RIA

MDRN Capital

MDRN Capital is an investment adviser based in Annapolis, MD, registered with the SEC since 2024. It provides financial planning and investment management. Its clients include high-net-worth individuals and individual clients. Its regulatory assets under management total $339 million, as filed on 15 July 2026.

MDRN Capital charges 0.50%–1.50% a year for its Wealth Management Services.

Regulatory AUM: $339M
Clients: 569
Advisory staff: 22
Fee schedule: 0.50% to 1.50% a year
Custodians: Altruist
Headquarters: 1997 Annapolis Exchange Parkway, Suite 300, Annapolis, MD 21401
Phone: 410-533-9966

No. 5 · RIA

HF Advisory Group

HF Advisory Group is an investment adviser based in Annapolis, MD, registered with the SEC since 2022. It provides financial planning and investment management. Its clients include high-net-worth individuals and individual clients. Its regulatory assets under management total $322 million, as filed on 10 March 2026.

HF Advisory Group charges 0.50%–1.75% for its Portfolio Management Services. The brochure does not state whether the rate is annual.

Regulatory AUM: $322M
Clients: 460
Advisory staff: 2
Fee schedule: 0.50% to 1.75%
Custodians: Charles Schwab
Headquarters: 166 Defense Highway, Suite 102, Annapolis, MD 21401
Phone: 410-571-1415

No. 6 · RIA

1 North Wealth Services

1 North Wealth Services is an investment adviser based in Annapolis, MD, registered with the SEC since 2002. 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 $320 million, as filed on 24 September 2026.

1 North Wealth Services charges 0.60%–1.15% a year for its Investment Management Fees.

Regulatory AUM: $320M
Clients: 222
Advisory staff: 5
Fee schedule: 0.60% to 1.15% a year
Minimum account: $500,000
Custodians: Charles Schwab
Headquarters: 1997 Annapolis Exchange Parkway, Suite 250, Annapolis, MD 21401
Phone: 410-975-0099
Website: 1northwealthservices.com

No. 7 · RIA

ValueWealth Services

ValueWealth Services is an investment adviser based in Annapolis, MD, registered with the SEC since 2019. It provides financial planning and investment management. Its clients include high-net-worth individuals and individual clients. Its regulatory assets under management total $319 million, as filed on 18 September 2026.

ValueWealth Services charges up to 1.95% a year for its Investment Supervisory Services.

Regulatory AUM: $319M
Clients: 420
Advisory staff: 4
Founded: 2004
Fee schedule: Up to 1.95% a year
Headquarters: 2444 Solomons Island RD Suite 212, Annapolis, MD 21401
Phone: 410-286-9230
Website: valuewealthservices.com

No. 8 · RIA

The Ellerson Group

The Ellerson Group is an investment adviser based in Annapolis, MD, registered with the SEC since 1995. It provides financial planning and investment management. Its clients include high-net-worth individuals and individual clients. Its regulatory assets under management total $291 million, as filed on 13 March 2026.

The Ellerson Group charges 0.50%–1.50% a year for its Advisory Service Agreement.

Regulatory AUM: $291M
Clients: 109
Advisory staff: 2
Founded: 1995
Fee schedule: 0.50% to 1.50% a year
Minimum account: $1,000,000
Headquarters: 415 Fourth Street, Suite 101, Annapolis, MD 21403
Phone: 410-280-3103

No. 9 · RIA

Shaker Financial Services

Shaker Financial Services is an investment adviser based in Annapolis, MD, registered with the SEC since 2004. It provides investment management. Its clients include high-net-worth individuals, individual clients and other investment advisers. Its regulatory assets under management total $286 million, as filed on 27 March 2026.

Shaker Financial Services charges 1.00%–1.50% a year for its Asset-Based Management Fees.

Regulatory AUM: $286M
Clients: 329
Advisory staff: 2
Founded: 1995
Fee schedule: 1.00% to 1.50% a year
Headquarters: 1997 Annapolis Exchange Parkway, Suite 300-349, Annapolis, MD 21401
Phone: 410-224-0572

No. 10 · RIA

RCS Financial Planning

RCS Financial Planning is an investment adviser based in Annapolis, MD, registered with the SEC since 2018. It provides financial planning and investment management. Its clients include high-net-worth individuals, individual clients, and pension and profit-sharing plans. Its regulatory assets under management total $281 million, as filed on 19 March 2026.

RCS Financial Planning charges 0.60%–1.00% a year for its Portfolio Management Fees.

Regulatory AUM: $281M
Clients: 220
Advisory staff: 2
Founded: 2017
Fee schedule: 0.60% to 1.00% a year
Custodians: Charles Schwab, Fidelity
Headquarters: 130 Admiral Cochrane Drive, Suite 200, Annapolis, MD 21401
Phone: 410-224-0097
Website: rcsplanning.com

Questions about financial advisors in Annapolis

How many financial advisor firms are headquartered in Annapolis?

12 SEC-registered financial advisor firms report their principal office in Annapolis, MD, managing $5.1B in regulatory assets between them. The other 2 advisers headquartered in the city 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 Annapolis?

Scarborough Advisors, with $1.64B in regulatory assets under management on its latest Form ADV. The next largest are Curio Wealth ($461M) and Westbourne Investment Advisors ($449M).

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

How large is a typical financial advisor firm in Annapolis?

The median firm manages $320M in regulatory assets. That is the midpoint of the 12 firms headquartered in Annapolis.

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

How much do financial advisors in Annapolis 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 2.50% 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 Annapolis?

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 city 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 city.

Source: Niva directory methodology

Annapolis has 12 financial advisor firms; see every adviser in the city →

The 10 largest by assets

Profiles of the top 10

Questions about financial advisors in Annapolis

Top financial advisor firms in other Maryland cities