September 29, 2025
RIAs are one of the most dynamic and fast growing channels for investment firms to call on when fundraising. The challenge has always been: “what RIAs invest in outside managers and are not investment managers themselves?”
Through our dakota marketplace database of RIAs, we have aimed to solve that problem by curating and vetting each RIA by hand and only showing those RIAs that are true prospects for an investment firm. This saves both the investment sales team member time, but also saves the “other” RIAs that don’t allocate to other managers from getting unnecessary emails and phone calls.
Below are a few RIAs in Baltimore that we thought you might like to know. For a more detailed list of RIAs in Baltimore, click here to see for free.
AUM: $23.99B
1919 Investment Counsel is an RIA specializing in providing tailored financial services to high-net-worth individuals, families, and institutions. Situated at One South Street Suite 2500, Baltimore, MD, the firm operates within the Baltimore metro area. With a rich history dating back to its inception, 1919 Investment Counsel is recognized for its commitment to personalized client service, offering comprehensive wealth management solutions that encompass investment strategy, financial planning, and estate planning.
The firm manages a significant AUM of $23.98B across a diversified investment portfolio that includes equities, fixed income, real estate, and private equity. Emphasizing a disciplined, research-driven approach, 1919 Investment Counsel focuses on balancing growth and risk while prioritizing client-specific financial goals and risk tolerance levels. Additionally, the firm offers access to a variety of alternative investments such as hedge funds, private equity, and infrastructure projects, aiming to enhance portfolio diversification and return potential through innovative investment strategies.
AUM: $8.65B
Connectus Wealth Advisers is an RIA specializing in Multi Family Office services. Situated at 20 Wight Ave, Hunt Valley, MD, the firm is part of the Baltimore metro area. Launched by Focus Financial Partners in December 2020, Connectus aims to create a consortium of RIA founders and teams dedicated to client relationships, leveraging shared services and operations within the Focus Financial subsidiary, The Colony Group.
Connectus Wealth Advisers manages an AUM of $8.67B. The firm's core focus lies in delivering personalized wealth management services through a partnership of client-centric advisers. With a strong emphasis on client interests, Connectus offers tailored advice while benefiting from the resources and support of the larger Focus Financial ecosystem.
AUM: $6B
Harbor Investment Advisory is an RIA specializing in Multi Family Office services. The firm is headquartered at 2330 West Joppa Road Suite 160, Lutherville, MD, operating within the Baltimore metro area. Harbor Investment Advisory caters exclusively to affluent individuals, families, and institutions, offering comprehensive portfolio management solutions and access to a wide range of premier research and asset management resources.
Harbor Investment Advisory boasts an impressive AUM of $6.0B. The firm provides various advisory programs in private wealth management, institutional advisory, and retirement plan consulting, leveraging the Envestnet platform. Led by Director of Research Katrina Kunkler and supported by Analyst Daniel Baker, the firm focuses on delivering superior service and expert advice, prioritizing client benefits through a sophisticated suite of products and resources.
AUM: $3.91B
Verdence Capital Advisors is an RIA specializing in Multi Family Office services. The firm is headquartered at 217 International Circle Suite 200, Hunt Valley, MD, and operates within the Baltimore metro area. Managing around $3 billion in mainly high-net-worth client assets, Verdence Capital Advisors emerged from HighTower Advisors in 2017, led by Leo Kelly and Matt Andrulot.
The firm's investment approach includes a focus on alternative investments such as private equity, hedge funds, real estate, and commodities to diversify portfolios and enhance returns. With an AUM of $3.91B, Verdence Capital Advisors emphasizes a meticulous manager research process and explores various alternative structures to cater to clients of all sizes. Additionally, the firm is expanding into the OCIO program to tap into the institutional world for further growth opportunities.
AUM: $3.78B
Greenspring Advisors is an RIA specializing in Multi Family Office services. The firm is headquartered at 1 W Pennsylvania Avenue #500, Towson, MD, operating within the Baltimore metro area. Established in 2004, Greenspring Advisors prioritizes holistic and unbiased investment advisory services for retirement plan fiduciaries, foundations, endowments, and private investors.
Greenspring Advisors manages an AUM of $3.78B. Their service portfolio includes private wealth management, corporate retirement planning, and advisory services for endowments and foundations. They offer comprehensive financial planning, tax advisory, discretionary portfolio management, estate planning, and philanthropic services. The firm's conservative approach to alternatives, such as Bitcoin, aims to balance diversification while mitigating risks associated with highly speculative investments.
6. Founders Financial Services, LLC
AUM: $3.32B
Founders Financial Securities, Llc is an RIA specializing in Multi Family Office services. Situated at 1020 Cromwell Bridge Road, Towson, MD, the firm operates within the Baltimore metro area. Managing approximately $2.9B in assets, Founders Financial utilizes Pershing for clearing and serves as a shared resource for around 75 independent FA's. The firm's asset allocation models, known as Freedom and Liberty strategies, are crafted in the Towson office, with a focus on SI-focused strategies and screening by asset class for Mutual Funds and ETFs.
Founders Financial Securities, Llc oversees an AUM of $3.32B and emphasizes creating tailored asset allocation models to optimize investment strategies. The firm's approach involves continuous screening to identify a selection of funds for their models, enhancing opportunities for clients in Mutual Funds and ETFs. With a commitment to providing comprehensive financial services, Founders Financial Securities, Llc stands out as a reputable player in the wealth management industry.
AUM: $2.91B
The organization Prosperity operates as a RIA specializing in Multi Family Office services. Headquartered at 10065 Red Run Boulevard, Suite 200, Owings Mills, MD, it is situated within the Baltimore metro area. Prosperity, formerly known as The Prosperity Consulting Group, LLC, now part of EisnerAmper Company, offers comprehensive financial planning and investment advisory services to individuals, institutions, businesses, and families, tailored to meet unique financial needs. Prosperity manages an AUM of $2.91B, focusing on diversified asset allocations, including publicly traded securities, ETFs, mutual funds, and select alternative investments. Led by Brian Thorkelson, the investment committee emphasizes a strategic approach to investment management, aligning with clients' long-term financial goals and objectives. The firm's commitment to quality financial services underscores its dedication to helping clients achieve financial prosperity.
8. Baltimore-Washington Financial Advisors, Inc.
AUM: $2.50B
Baltimore-Washington Financial Advisors, Inc. is an RIA specializing in Multi Family Office services. Situated at 5950 Symphony Woods Road Suite 600, Columbia, MD, the firm caters to clients in the Baltimore metro area. Since 1986, they have offered comprehensive wealth management services, integrating investment management, retirement and estate planning, and tax services within a Fee-Only structure, ensuring transparency and client-focused advice.
The firm manages an AUM of $2.5B, utilizing a blend of internal portfolio management alongside mutual funds, index funds, and ETFs for specific allocations. While excluding private investments from advisory services, Baltimore-Washington Financial Advisors prioritizes tailored financial solutions for families and individuals, emphasizing a conflict-free and commission-free environment.
AUM: $2.01B
Cornerstone Advisory is an RIA specializing in Multi Family Office services. The firm is situated at 211 Old Padonia Road, Hunt Valley, MD, operating within the Baltimore metro area. Clients of Cornerstone Advisory benefit from thorough planning, customized services, and access to a diverse range of investments, including private equity and hedge funds.
Cornerstone Advisory manages an AUM of $2.01B, offering tailored investment portfolios encompassing traditional and alternative assets. The firm's investment approach covers major vehicles, combining active and passive strategies to meet the unique needs of its clientele.
AUM: $1.60B
Berman McAleer, Inc. is an RIA based in Baltimore. The firm manages over $1 billion in client assets predominantly through mutual funds and ETFs, employing an active management approach with some passive strategies to optimize cost efficiency. They offer clients a diverse range of alternative investment opportunities, including private equity, enhancing portfolio diversification and potential returns.
Berman McAleer's structured investment strategy tailors portfolios to each client's financial objectives and risk tolerance. With a focus on growth, capital preservation, and flexible risk management, the firm leverages its scale to access top-tier public and private investments. Their due diligence process ensures that alternative investments align with client goals, providing a comprehensive approach that responds effectively to market conditions.
To see a full list of RIAs in Baltimore or other metros, book a demo of dakota marketplace.
Morgan Holycross is a Marketing Manager at Dakota.
