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Best Financial Advisors in Silver Spring

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SmartAdvisor by SmartAsset logo
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SmartAdvisor by SmartAsset

Silver Spring, MD
  • Estate Planning
  • Financial Planning
  • Investment Management
  • Retirement Planning

Business Description

SmartAsset's free, five-minute tool makes it easy to find qualified financial advisors in your area. The exclusive tool uses a quick survey to help SmartAsset's exclusive algorithm match you with up to three advisors based on your specific financial needs. Each advisor is a fiduciary, legally bound to work in your best interest, and rigorously vetted by SmartAsset. You can speak with each for free, sometimes within a matter of minutes, and choose whom you want to work with. Hundreds of thousands of smart investors and retirees have already used SmartAsset's simple, no-cost service to find the right financial advisors for them.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Yelp
4.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
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––

Price: Free consultation

Bailey Wealth Advisors logo
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Bailey Wealth Advisors

8403 Colesville Rd. Suite 845, Silver Spring, MD 20910
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  • Certified Financial Planner (CFP)

Business Description

Bailey Wealth Advisors offers financial planning assistance in Silver Spring and its surrounding communities. It helps business owners, professionals, executives, and affluent retirees in achieving financial goals like exiting a business or investing money. Its analysts audit clients' investments, estates, businesses, and retirement plans. They then develop wealth management and risk management plans to meet individuals' financial goals. The Washington Business Journal named the company as one of the top 25 financial planning firms in 2020 and 2021.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Cetera Advisors logo
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Cetera Advisors

10008 Colesville Road Suite B, Silver Spring, MD 20901
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  • Tax Planning
  • Financial Planning

Business Description

Cetera Advisors is a team of broker-dealers that caters to the financial planning needs of the Silver Spring metro. Utilizing an independent business model, the team provides a variety of financial services, including estate planning and creating insurance strategies. These professionals also offer investments strategies tailored to every client's risk tolerance and goals. One of these professionals, Joyce Wallace, is a certified public accountant. Joyce is also a Registered Financial Advisor for Series 7 and 65 securities.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)
Community Ladders logo
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Community Ladders

8201 16th St, Silver Spring, MD 20910
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Business Description

Community Ladders is a financial coaching and consumer protection organization serving Silver Spring. It offers a wide range of financial coaching and advisory services, including regular monitoring of clients' finances, tax planning, financial product vetting, banking and cash management, and home buying and refinancing. Its founder, Bill Varettoni, worked with the Peace Corps in Ukraine, advising small and medium-sized businesses and non-government organizations. He built the organization with the goal of assisting the working poor and middle-income professionals.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Yelp
5.0 / 5 (8)
Facebook
5.0 / 5 (2)
Financial Services Advisory logo
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Financial Services Advisory

One Church Street, Suite 901, Rockville, MD 20850
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  • Certified Financial Planner (CFP)
  • Retirement Planning
  • Financial Planning

Business Description

Financial Services Advisory has helped hundreds of individuals, families, and business owners in Silver Spring craft customized financial and investment plans for the last three decades. The company conducts consultation on investment management, financial and retirement planning. It has a separate custodian for clients' assets, allowing independent verification of account values and an exit strategy called FSA Safety Net. This is designed to help protect assets from failing markets. Financial Services Advisory is a nationally registered investment management firm with the Security and Exchange Commission.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (5)
Yelp
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Fortegy Financial logo
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Fortegy Financial

17504 Lisa Drive, Derwood, MD 20855
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Business Description

Fortegy Financial is an independent financial consulting firm that serves individuals, families, and businesses in Silver Spring and the surrounding areas. Its team of financial advisors provides services, such as custom portfolio management and guidance in planning for IRAs, annuities, educational savings, and insurances. Since the start of his career in the financial services sector in 1975, founder Edward S. J. Fader has earned many professional designations, including the Certified Life Underwriter, Chartered Financial Consultant, and Chartered Retirement Plan Specialist.

G Petrov & Associates, LLC logo
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G Petrov & Associates, LLC

8630 Fenton Street, Suite 600, Silver Spring, MD 20910
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  • Estate Planning
  • Tax Planning
  • Retirement Planning
  • Financial Planning

Business Description

G Petrov & Associates LLC is an accounting, business consulting, and financial planning company serving Silver Spring. It provides advice and guidance to diverse clients, including individuals, families, businesses, and non-profit organizations. The firm assists customers with financial planning, budget analysis, business consulting, and tax preparation. It also represents taxpayers in IRS audits and offers QuickBooks services. G Petrov & Associates comprises certified public accountants and Certified Financial Planners who have over 18 years of experience.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (16)
Peake Financial Wealth Management logo
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Peake Financial Wealth Management

8737 Colesville Road, Suite 705, Silver Spring, MD 20910
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  • Certified Financial Planner (CFP)
  • Tax Planning
  • Insurance Products

Business Description

Peake Financial Wealth Management offers financial advisory solutions to individuals, families, and business owners in Silver Spring. Its advisors can assist clients with retirement, investment, insurance, and tax planning matters. Additionally, these advisors are equipped to curate plans on charitable giving, deferred compensation, and pension. The firm's founder and managing director, Christopher M. Pirtle, held positions as college unit director and field director in Northwestern Mutual Life. He had been in the insurance and investment industries since 1990 before starting his own firm in 2003.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Plotkin Financial Advisors logo
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Plotkin Financial Advisors

8401 Connecticut Ave, Chevy Chase, MD 20815
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  • Certified Financial Planner (CFP)

Business Description

Plotkin Financial Advisors offer fiduciary assistance to clients in Silver Spring in organizing their assets. Its comprehensive solutions on investment management and financial planning cover investments, insurance, income, and cash flow. The company's advisors guide individuals in organizing their retirement income, charitable gifts, and education funding. They also manage assets like index and mutual funds, stock portfolios, and annuities. Founder Shimshon Plotkin is a CFP who established this dependent company in Chevy Chase in 2003.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Rock Creek Wealth Planners & Advisors logo
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Rock Creek Wealth Planners & Advisors

8607 Cedar Street, Silver Spring, MD 20910
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  • Certified Financial Planner (CFP)

Business Description

Rock Creek Wealth Planners & Advisors is a company that serves clients in Silver Spring. Its financial advisors help business owners and professionals in cash flow and wealth management, as well as retirement, wealth, and succession planning. The company provides support and feedback and provides a detailed snapshot of the balance sheet, net worth, and other financial reports. Lewis Baker is a Certified Financial Planner and a recipient of Winner's Circle, Merrill Lynch's Fast Start, and Master awards.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Seventy2 Capital logo
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Seventy2 Capital

7200 Wisconsin Avenue Suite 903, Bethesda, MD 20814
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  • Certified Financial Planner (CFP)
  • Retirement Planning

Business Description

Seventy2 Capital is a financial management company that works with individuals, families, business owners, and retirees in and around Silver Spring. Its financial advisors provide a variety of wealth management services, including education planning, investment planning, and estate planning. The company helps clients identify their specific financial goals and develop comprehensive investment strategies to build and preserve their wealth. Co-founder Thomas Fautrel served as a senior vice president with Morgan Stanley. Outside work, he educates the youth on the importance of financial literacy.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
SPC Financial logo
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SPC Financial

3202 Tower Oaks Blvd, Ste 400, Rockville, MD 20852
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  • Estate Planning

Business Description

SPC Financial delivers simple solutions to difficult financial problems of clients in Silver Spring and the surrounding areas. It comprises a specialized, multi-disciplinary, and tax-integrated staff that offers financial planning and tax services for a diverse range of clients, including private business groups, federal and state government employees, health care professionals, independent professionals, and military families. Some of the services are wealth preservation, college funding, asset allocation, and legacy planning. President and CEO Edward G. Sella provides financial literacy through investment consultation sessions and community involvement.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Stratus Wealth Advisors logo
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Stratus Wealth Advisors

9615 Kingston Road, Kensington, MD 20895
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  • Certified Financial Planner (CFP)

Business Description

Stratus Wealth Advisors caters to individuals, families, and independent business owners in Silver Spring and the neighboring communities. It helps clients protect their legacy and take charge of their finances by assisting them with investment management, asset management, valuation, and financial, succession, and retirement planning. Stratus Wealth Advisors has been featured in numerous media outlets like The New York Times, The Business Journals, and the Financial Advisor Magazine. Sam Brownell, the founder of the company, earned his CVA and CFA designations.

Thalheimer Financial Planning logo
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Thalheimer Financial Planning

8403 Colesville Road Suite 1100, Silver Spring, MD 20910
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  • Certified Financial Planner (CFP)

Business Description

Since 2000, Thalheimer Financial Planning has been helping clients in the Silver Spring area. Its advisors provide wealth management services that help individuals and families with current and future expenses. They create plans for cash flow and debt reduction, along with preparing for retirement with a stable and sustainable income. The company also helps clients with settling their taxes and setting up their estate. Founder Steve Thalheimer is a Certified Financial Planner with more than 25 years of industry experience.

Toler Financial Group logo
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Toler Financial Group

1100 Wayne Ave. Ste 670, Silver Spring, MD 20910
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  • Certified Financial Planner (CFP)

Business Description

Toler Financial Group is a company that serves clients in Silver Spring and the neighboring communities. It provides financial planning services, investment strategy consultations, and insurance evaluations. It also offers life, long-term care, and disability income insurance. The company facilitates webinars and financial workshops for individuals, families, language and racial minorities, and LGBTQ communities. Financial advisor and CEO Fran Toler has been in the financial services industry for 18 years. She established Toler Financial Group in 2012.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.0
Google
4.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Trumbower Financial Advisors, LLC logo
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Trumbower Financial Advisors, LLC

3 Bethesda Metro Center #340, Bethesda, MD 20814
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  • Certified Financial Planner (CFP)

Business Description

Trumbower Financial Advisors, LLC serves clients in the Silver Spring area. The company provides wealth management services that help individuals and families plan for current and future expenses. Its advisors assist with cash flow management, timely tax return filings, and setting up an estate for beneficiaries. Clients can also get help with choosing insurance policies and creating an investment portfolio that suits their risk tolerance. Managing member Victoria Trumbower is a Certified Financial Planner and certified public accountant.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Vintage Financial Partners logo
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Vintage Financial Partners

600 Jefferson Plaza Suite 316, Rockville, MD 20852
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  • Certified Financial Planner (CFP)
  • Financial Planning

Business Description

Vintage Financial Partners is a Rockville-based company that serves clients throughout Silver Spring. It offers financial planning and investment management services, assisting clients in creating customized strategies to achieve their financial needs and goals. It employs a seven-step financial planning process that is designed to help clients get a better understanding of their financial circumstances. Additionally, its team provides second-opinion services. The team at Vintage Financial Partners holds eight decades of financial industry experience. Managing partner Brian Oettinger holds CFP® and CIMA® designations.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (11)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Back to Providers

Frequently Asked Questions

Introduction

There are many titles for financial professionals, so it's challenging to track what each one means. A financial advisor is probably the term you've heard most often. Financial advisor is a broad term for a professional who helps individuals or companies manage their finances, including investment choices. There are over 100 certifications that financial advisors can obtain.

  • Financial planners, wealth managers, and investment advisors are all financial advisors with different focus areas.
  • A financial planner helps an individual or a company make a plan to achieve long-term financial goals.
  • A wealth manager helps individuals maintain their wealth through various disciplines and services, such as taxes, estate planning, and investment advice.
  • An investment advisor offers investment advice and recommendations to individuals or organizations.
There’s a misconception that you have to be extremely wealthy to use a financial advisor. In reality, they can be beneficial for people from any income level. Keep reading to find answers to the most commonly asked questions about financial advisors, so you know which type can fit your specific needs.

Are financial advisors worth it?

Whether or not a financial advisor is worth it depends on your personal situation. If your finances are fairly straightforward, then you may be better off handling it on your own. But if you have substantial assets or a complex investment portfolio, then hiring someone to handle it for you can be well worth the cost.

What does a financial advisor do?

Financial advisors can have many types of specialties. Generally, a financial advisor advises on or helps to execute a financial plan. Some examples include assisting people with getting out of debt, building out an investment portfolio, and handling taxes.

How much money do I need to work with a financial advisor?

There’s no specific income level you need in order to work with a financial advisor, but there may be a minimum investment amount for certain types of services. Some financial advisors won’t manage your money unless you have $100,000 or more to invest, but this isn’t the case with financial coaches or robo-advisors.

What does a financial coach do?

Financial coaches focus on improving your financial literacy and money management skills. For example, they can help you figure out how to pay down your student loans or decide how much money to put away for retirement. They usually charge by the hour and don’t offer asset management services or investment advice.

When should I use a financial advisor vs. doing it myself?

Smart money management can give you freedom and comfort. Being responsible with your money makes it possible to meet goals and pay for major expenses. A financial advisor is trained and can offer you expertise that would otherwise take years to learn. They know how to save you money and make it go further.

How do I know if my financial advisor is trustworthy?

Because financial advisors aren’t licensed or regulated, it’s up to the client to make that determination for themselves. However, if your advisor is a fiduciary, that means they’re legally bound to act in your best interest. Some types of advisors, including Certified Financial Professionals (CFPs), are held to fiduciary standards.

What\'s the difference between a financial advisor and a financial planner?

The term financial advisor is a broad phrase that encapsulates many specialties, including financial planner. It's similar to how doctor applies to different physicians, while a cardiologist is a specialty doctor. A financial planner helps their client plan to achieve long-term financial goals, such as saving for a house or retirement.

Are financial advisor fees tax deductible?

Until 2018, financial advisor fees were tax deductible as a miscellaneous expense. However, the Tax Cuts and Jobs Act elimited that deduction until at least 2025.

What is a financial consultant?

A financial consultant and a financial advisor are essentially the same. In recent years, financial consultant has become a less popular term, with financial advisor being much more common. Sometimes, the financial professional may opt for the term consultant when offering services to a business rather than an individual.

What is a robo-advisor?

A robo-advisor is essentially an algorithm that manages your investment portfolio for you. Because their services are automated, you’ll pay less than you would for a human advisor — often between 0.25% and 0.50%. They don’t require large initial investments either, making them a popular choice for entry-level investors. However, you won’t get the same level of advice that you would get from a personal financial advisor.

What makes someone a fiduciary?

Fiduciary is a legal term for a person who has a legal or ethical responsibility to act in your best interests. For example, a trustee and a beneficiary. A financial advisor may have a fiduciary obligation to make financial choices that are best for you, even if it means they earn less in commissions or fees.

How often should I meet with my financial advisor?

After your initial meeting, you may only need to check in with your financial advisor on a quarterly or annual basis. Ask them in advance how often you can expect to hear from them, and whether they offer in-person, phone, or virtual meetings.

Should your financial advisor be a fiduciary?

It’s important to understand that only some — not all — financial advisors have a fiduciary obligation to their clients. Always ask your financial advisor if they’re bound by fiduciary duty. If not, it’s possible that they’ll push products or services that earn them the highest commission, not necessarily what’s best for you. Opt for a financial advisor bound by fiduciary duty whenever possible.

Can my financial planner help with taxes?

Financial advisors aren’t necessarily accountants or tax preparers, so don’t expect them to prepare your taxes for you. However, they may be able to provide tax-related advice to help you optimize your returns and deductions. If you need an advisor who can file your taxes, look for one who is also a CPA (Certified Public Accountant).

Do I need a financial advisor?

Ask yourself if a financial advisor can fill a need or solve a problem you can’t easily handle on your own. They can be helpful in a wide variety of ways, such as building budgets or financial plans, finding ways to save money on taxes, creating an investment portfolio, or offering investment advice.

How do financial advisors get paid?

Clients pay to work with a financial advisor whether it’s through fees, commissions, or salaries. If they’re paid by client fees or commissions, their salary is tied to how much business they bring in. The harder they work, the more they make. In comparison, a salaried employee is guaranteed their wage no matter how many clients they have.

What experience should I look for in a financial advisor?

 If you have specific goals or a unique financial situation, look for a financial advisor with expertise in that area. For example, some financial advisors specialize in working with millennials or focus on socially responsible investing.

How much does a financial advisor cost?

A financial advisor’s costs depend on their fee structure. Some advisors charge a fee — either hourly or a percentage of the client assets under management. Another common option is to charge a commission on the products sold or investments made.

Should I hire a financial advisor before buying a house?

While not always necessary, a financial advisor could help you decide how large of a mortgage to apply for, how much money to put down, and how to balance the purchase with other savings and investment goals.

How many financial advisors are there in the U.S.?

According to the U.S. Bureau of Labor Statistics, it’s estimated that there are 218,050 financial advisors. California is the state with the highest employment of financial advisors across the nation.

Do banks offer financial advisors?

Yes, many banks have financial advisors on staff. Your bank may also offer incentives to work with their financial advisors, such as lower fees or free accounts. However, it's important to note that many of the bank's financial advisors don't have a fiduciary obligation and might prioritize the bank's products above all else. There is a cost when working with your bank's financial advisor.

Should I hire a wealth manager?

A wealth manager can help offer complex financial planning services, including tax guidance, estate planning, and legal assistance. While you don't have to be a high-income earner to benefit from a financial advisor, a wealth manager is typically for those that have a high net worth. However, many people build wealth and need a wealth manager later on in life.

Is wealth management worth it?

Wealth management is typically worth it for those who need help with multiple endeavors or comprehensive financial situations, such as charitable contributions or investment portfolio management, or want to protect their assets. A wealth manager can also offer you guidance if you’ve been neglecting your finances or making poor judgements.

How can you tell if a financial advisor is bad?

Your relationship with your financial advisor is a very personal one, as you’re trusting them with your wealth and future. Some general signs that your financial advisor is bad include:

  • They can’t answer your financial questions
  • You have worked with them for a while but haven’t seen a financial improvement
  • They don’t provide you with progress reports
  • They don’t check in with you

What do you need to be a financial advisor?

As mentioned, there are over 100 types of certifications for financial advisors. The training or experience you need will depend on which specialty you want to pursue. Generally, financial advisors need to have:

  • A Bachelor’s degree
  • A General Securities Representative license (Series 7 license)
  • A Certified Financial Planner (CFP) certification isn’t mandatory but is often preferred

Where do financial advisors work?

Where a financial advisor works will depend on what type of financial advisor they are. Financial advisors can work at a variety of places, including:

  • Securities and commodity brokers
  • A bank
  • A credit union
  • Independently
  • Insurance companies
  • Financial investment firms
  • Small investment advisory firms

How much do financial advisors make?

In 2019, the national average salary for a financial advisor was $87,850. However, it’s important to note the average salary varies from state to state and the different focus areas — an investment advisor may make a lot more than a financial planner. Lastly, salary can depend on how the individual is getting paid. Financial advisors can be paid by client fees, commissions, or salaries.

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