Bay Point Wealth

Financial Advisor in Anne Arundel County, MD

Firm Info
Address: 582 Bellerive Rd #4d, Annapolis, MD 21409, USA
Phone: (410) 626-8198

Firm Size
Assets Under Management: $698.8 million
# of Advisors: 8
# of Clients: 1,277
Client to Advisor Ratio: 160:1
Average Account Size: $547,194
# of Offices: 1

Services Offered
  • Financial Planning
  • Portfolio Management for Individuals & Small Businesses

Types of Clients
  • Individuals (Not High Net Worth)
  • Individuals High Net Worth

    *>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth

  • Pension & Profit Sharing Plans

Available Fee Structures
  • Percentage of Assets Under Management (AUM)
  • Hourly
  • Fixed Fees (Other than subscription)

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Bay Point Wealth Overview

BAY POINT WEALTH is an investment advisory firm that provides investment advice only services. They are headquartered in Annapolis, MD and have been in business since 2015. Their fee arrangement is fee-only, meaning they do not receive commission from any investments they recommend. The firm offers financial planning services to their clients. This includes creating a financial plan based on the client's goals and financial situation. The firm will work with the client to develop a personalized plan that takes into account factors such as income, expenses, assets, debts, and investment objectives. BAY POINT WEALTH also offers portfolio management services for individuals and small businesses. They will manage the client's investment portfolio on their behalf, making investment decisions and monitoring their performance. The firm will work with the client to define their investment goals, risk tolerance, and other factors to create a customized investment strategy.

BAY POINT WEALTH caters to a diverse range of clients, including individuals, high net worth individuals, pension or profit sharing plans, and other institutional investors seeking professional asset management and wealth advisory services. The firm understands that each client has their unique financial goals and objectives, which is why BAY POINT WEALTH offers a personalized approach to wealth management to ensure that each client's needs are met in a comprehensive and tailored manner. This client-centric approach has earned the firm a reputation for delivering exceptional service to its diversified client base. BAY POINT WEALTH offers different fee structures depending on the service provided. Clients can choose to pay a percentage of assets under management (AUM) for the firm to manage their investments and assets. This fee structure is ideal for clients seeking long-term investment management and financial planning services. Another option is the hourly fee structure, which is suitable for clients who require specific financial advice or consultation. Lastly, the firm also offers fixed fees, which clients can pay upfront for particular services such as financial planning, estate planning, or tax consulting. The wide range of fee structures available ensures that clients can choose the payment method that best suits their needs and budget. BAY POINT WEALTH's transparent fee structure is intended to provide clients with the peace of mind that their investment is in the hands of seasoned wealth managers who prioritize their financial goals and objectives.

Typical Clients, Fee Structures & Investment Minimum

According to the note in Bay Point Wealth's Part 2 Brochure, the firm does not have any investment minimum requirement for clients who wish to engage its services. This means that clients do not have to worry about meeting a minimum fee or asset requirement before they can open an account with Bay Point Wealth. Therefore, clients can enjoy the benefits of working with the firm regardless of the size of their investment portfolio.

How This Office Can Help Anne Arundel County, MD Residents

Bay Point Wealth is dedicated to helping clients in Anne Arundel County, MD achieve their financial goals. As a fee-only Registered Investment Advisor (RIA), they provide comprehensive financial planning and investment management services to individuals, families, and businesses. Living in Anne Arundel County, MD can present a variety of financial challenges, from planning for retirement to navigating the local real estate market. Bay Point Wealth works with clients to develop a customized financial plan that addresses their unique needs and goals, taking into account factors such as tax obligations, insurance coverage, estate planning, and investment strategies. With a focus on long-term wealth preservation and growth, Bay Point Wealth helps clients weather the ups and downs of the market and achieve financial security over time.

To view the Minimum Investment and Fee Schedule for Bay Point Wealth, visit their Part 2 Brochure.

Services Offered by Bay Point Wealth

Core Advisor Services
Financial Planning

Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.

Portfolio Management for Individuals & Small Businesses

Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.

Market Timing Services

Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.

Other Services
Selection of Other Advisors

The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.

Publication of Periodicals or Newsletters

The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.

Educational Seminars & Workshops

The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.


Fee Structures

Financial advisory fees usually are based on the services provided. Fee types charged by Bay Point Wealth most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.

Available
Percentage of Assets Under Management (AUM)
Hourly
Fixed Fees (Other than subscription)
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Performance-based Fees
Other

Types of Clients

*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.


This Office Location

Firm location 582 Bellerive Rd #4d, Annapolis, MD 21409, USA
Phone (410) 626-8198
Directions
Google My Business Reviews:
5 Stars

Other Office Locations

This firm has no other locations.

State Registrations

Bay Point Wealth is registered to service clients in the following states:

  • California
  • District of Columbia
  • Florida
  • Maryland
  • New York
  • North Carolina
  • Pennsylvania
  • South Carolina
  • Texas
  • Virginia

Disciplinary History

Bay Point Wealth does not have any disclosures. Please visit it's Form ADV for more details.

FREQUENTLY ASKED QUESTIONS

Fiduciary Financial Advisor FAQs