Partnership Wealth Management
Answer a few questions and
get matched with an advisor.
Learn more about Partnership Wealth Management
Overview
Partnership Wealth Management is an advisory firm located in Towson, Maryland. The company handles $191.0 million in total assets over 462 customer accounts, placing it in the mid-tier of firms in the country by assets under management (AUM). It has a small group, including 3 financial advisors. Partnership Wealth Management does not act as a registered broker-dealer, meaning the company is not able to buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer firm to do so. Securities are defined as exchangable financial assets such as bonds, equities and options.
Partnership Wealth Management oversees the majority of the company's accounts in a discretionary manner. Discretionary management is a structure in which a portfolio manager has the discretion to make transaction choices for the client's account without requiring the customer's permission. It also has 41 non-discretionary accounts with a total of $5.4 million in assets under management. Partnership Wealth Management's average account size is $413,368. The average financial advisor at Partnership Wealth Management manages around 154 client accounts.
The firm's headquarters is at 606 E Joppa Road, Towson, Maryland 21286. The firm is legally permitted to serve investors across 10 states, including Arizona, California, Delaware, District of Columbia, Florida, Maryland, New York, Pennsylvania, Texas and Virginia.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Partnership Wealth Management by the Numbers
$191.0 million
4
462
$413.4 thousand
Products and Services
Partnership Wealth Management provides multiple services, which can include financial planning services, portfolio management for individuals and small businesses and publication of newsletters. In the past fiscal year, the firm provided financial planning services to 11-25 of its accounts. Partnership Wealth Management is involved in selling products or offering services different than investment advisory services to its customers.
Core Advisor Services
-
Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
-
Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
-
Find a firm that offers this service
Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
-
Find a firm that offers this service
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
-
Offered by 3% of firms
Publication of Periodicals
This is the publication of various financial education materials.
-
Find a firm that offers this service
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Financial advisory fees vary depending on the type of services offered. Fees billed by Partnership Wealth Management most likely consist of some blend of the following fee structures: asset-based, hourly or fixed. The firm participates in a wrap fee program, in which the firm offers a bundle of services for a single fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 21% of firms
Hourly
-
Offered by 32% of firms
Fixed
Unavailable
Types of Clients
The company works with retail investors and high net worth investors. Out of its 462 customers, Partnership Wealth Management's largest client type by number of accounts is retail investors, but it also caters to 66 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 in AUM or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 2% of the firm's customers reside abroad.
- High-Net-Worth Individuals* - 45.52%
- Other Individuals - 54.48%
- Corporations - 0%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
Find an advisor who will work directly with you
Sometimes a big firm may not be able to give you the one-on-one service that you need. That's where we come in to help match you with great personal financial advisors. Click here to find your advisor matches today.
Disclosures
Partnership Wealth Management does not have any disclosures.
Please visit its Form ADV for more details.
Find a financial advisor near you
If you're interested in working with an advisor closer to you, we can help you find one. Click here to find your advisor matches today.
Financial Advisors at Partnership Wealth Management
Towson, MD
Towson, MD
Towson, MD
Not sure which advisor is right for you? Use our matching tool
Our matching tool simplifies the process of finding a financial advisor. To match you with top financial advisors nearby, we ask you a series of questions about your retirement plans, life status, investment goals and advisor preferences, which are all important topics to consider when choosing a financial advisor. Click here to find your advisor matches today
The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
The named financial professional and firm have not reviewed, approved, or endorsed this profile and are not responsible for its accuracy. Profile content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named financial professional and firm. Financial professionals and firms having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s profiles.
This profile may include a firm or advisor that has a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. SmartAsset is not a client of the aforementioned firms or advisors. SmartAsset did not receive compensation for including any of the firms or advisors in the aforementioned profile.
This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the advisor or firm mentioned in this profile. The matching tool does not include all available advisors and firms and matches based on specific criteria (investable assets, geography, and willingness to work with a remote advisor).
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes the use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.