Bay Point Wealth

Wealth Management Firm in Queen Anne's County, MD

Firm Info
Address: 721 Melvin Ave, Annapolis, MD 21401, 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 a premier fee-only registered investment advisory firm that has been operating since 2015. The company is headquartered in Annapolis, MD and is solely focused on providing investment advice to its clients. As a fee-only firm, Bay Point Wealth doesn't earn any commissions or sales-based incentives, which eliminates all conflicts of interest that commonly arise in the finance industry. The services offered by Bay Point Wealth include expert financial planning and portfolio management services for individuals and small businesses alike. The firm works with each client to create a customized investment plan that fits their specific goals and financial situation, ensuring that they feel comfortable and confident when investing their hard-earned money. This commitment to personalized investment strategies ensures that each client receives the best possible investment advice and portfolio management services possible. Overall, Bay Point Wealth is an industry leader in providing objective investment advice to its clients. With years of experience and a focus on client satisfaction, the firm has built a reputation for providing top-quality investment services in a transparent and unbiased manner. If you're looking for a trusted partner to help you navigate the often-confusing world of finance, look no further than Bay Point Wealth.

BAY POINT WEALTH is a boutique wealth management firm that caters to a variety of clients. Their clientele includes individuals seeking personalized financial planning and investment solutions, high net worth individuals looking for exclusive services, and pension or profit sharing plans that require customized retirement plans. BAY POINT WEALTH firmly believes in offering tailored financial solutions to cater to the diverse needs of their clients, regardless of their wealth level. BAY POINT WEALTH offers various fee structures to their clients, depending on the type of service provided. Clients can choose from a percentage of assets under management (AUM) fee, which is calculated based on the market value of their assets. Hourly fees are ideal for clients who require a one-time consultation or a limited scope of services. Fixed fees are typically charged for specific financial planning or investment management services. Each fee structure is designed to best align with the goals and investment strategies of each unique client. BAY POINT WEALTH prioritizes transparency and provides clear explanations of fees and charges, ensuring that their clients fully understand the costs associated with their wealth management services.

Typical Clients, Fee Structures & Investment Minimum

According to the note in their Part 2 Brochure, Bay Point Wealth does not require any minimum fee or minimum asset to engage their services. This means that clients can start investing with Bay Point Wealth regardless of the amount of money they have. Their Part 2 Brochure does not mention any investment minimum, indicating that there is no set amount that clients need to invest in order to become a client of Bay Point Wealth.

How This Office Can Help Queen Anne's County, MD Residents

Bay Point Wealth is a financial advisory firm that provides guidance, planning, and investment management services to individuals and businesses in Queen Anne's County, MD. The firm aims to assist its clients in creating comprehensive financial plans that align with their goals and priorities. The specific financial situations faced by individuals in Queen Anne's County, MD, may vary, but Bay Point Wealth is equipped to address a variety of challenges. Some residents of Queen Anne's County may be saving for retirement and require advice on how to maximize their savings. Others may be facing financial hurdles such as divorce, changes in income, or unexpected medical expenses. Additionally, individuals who own small businesses may need guidance on how to manage their finances better and plan for growth. Bay Point Wealth's team of experienced financial advisors helps clients address these challenges by providing personalized solutions that are tailored to their unique circumstances, needs, and goals.

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 721 Melvin Ave, Annapolis, MD 21401, USA
Phone (410) 626-8198
Opening Hours
  • Mon 9 AM–5 PM
  • Tue 9 AM–5 PM
  • Wed 9 AM–5 PM
  • Thu 9 AM–5 PM
  • Fri 9 AM–5 PM
  • Sat Closed
  • Sun Closed
Directions
Google My Business Reviews:
5 Stars  |  3 Reviews

Other Office Locations

Firm Headquarters
Firm headquarters location 582 BELLERIVE ROAD, 4D, ANNAPOLIS, MD 21409, United States

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.