Towson Wealth Management
Towson Wealth Management is a Towson, Maryland-based, privately held fee-based financial planning practice serving individuals and families preparing for retirement plus closely held business owners, using a standardized 5-step planning process delivered by three CFP® advisors and supported by Kestra broker-dealer and RIA infrastructure.
- Company typePrivate
- Founded1996
- HeadquartersTowson, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Towson Wealth Management does
Towson Wealth Management is a privately held, fee-based financial planning practice headquartered at 600 Fairmount Ave, Suite 101 in Towson, Maryland. Founded by Kurt W. Wiegert, CFP®, who began his advisory career in 1996, the firm employs a team of roughly five including three CFP®-credentialed advisors (Wiegert, Ryan J. Silk, and Noah Gonzalez) and a paraplanner-qualified client service associate. Its stated mission is to support individuals and families through the transition into retirement and throughout multi-decade retirement years, with secondary services directed at owners of closely held businesses.
The firm operates a Comprehensive 5-Step Financial Planning Process (data gathering, plan preparation, plan presentation, plan implementation with attorneys and CPAs, and ongoing monitoring) as the standardized engagement framework for both Personal Wealth Management and Business Planning Services. It holds no proprietary technology platform; client-facing infrastructure is built on third-party SaaS tools including eMaplan for the client portal, Egnyte for secure file uploads, and Whereby for virtual meetings. Securities distribution and investment advisory infrastructure are accessed through Kestra Investment Services (broker-dealer, FINRA/SIPC member) and Kestra Advisory Services (registered investment adviser), with research sourced from Kestra Investment Management.
Revenue is generated through a hybrid compensation model combining upfront fixed financial planning fees, commission-based compensation on investment and insurance products, and recurring fee-only AUM-based or hourly advisory fees. Go-to-market is sales-led and referral-driven, relying on direct advisory relationships, coordination with tax and legal professionals as a referral channel, and the firm's 4 Pete's Sake ALS Foundation community presence. The firm is restricted to U.S. residents and concentrates on the Towson/Maryland regional market with a single physical office.
Towson Wealth Management firmographics
Firmographics- Name
- Towson Wealth Management
- Legal name
- Towson Wealth Management
- Website
- https://towsonwealth.com
- Company type
- Private
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Towson Wealth Management is a Towson, Maryland-based, privately held fee-based financial planning practice serving individuals and families preparing for retirement plus closely held business owners, using a standardized 5-step planning process delivered by three CFP® advisors and supported by Kestra broker-dealer and RIA infrastructure.
- Ownership category
- akta.pro rank
Towson Wealth Management industry classification
Industry- Product category
- Wealth Management
- NAICS
- Portfolio Management and Investment Advice (523940)
- akta.pro primary industry
- Retirement Income Planning & Decumulation Advisory (FSAEABAD)
- akta.pro secondary industries
- Private Wealth Planning (Tax, Estate & Succession) (FSAAABAE), Retirement & Pension Wealth (401(k)/IRA/SIPP/Superannuation Retail) (FSAAAAAJ), Discretionary Portfolio Management (Retail) (FSAAAAAH)
Keywords
Where Towson Wealth Management is headquartered
LocationHeadquarters
- HQ city
- Towson
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Towson Wealth Management business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Financial Planning Fees: Upfront fixed planning fee for comprehensive 5-step financial planning process covering all meetings and conversations throughout the planning engagement. The fee is quoted after an initial free consultation.
- Commission-Based Compensation: Revenue earned through commissions on investment or insurance products sold to clients. Fully disclosed to maintain transparency.
- Fee-Only Advisory Services: Fee-only capacity charging based on managed assets or hourly fee schedule without receiving commissions on managed assets.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Initial consultation - No charge |
| Hybrid | Multi-year contract | Comprehensive Financial Planning - Custom fixed fee |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
Towson Wealth Management product offering
Product offeringCore offering
Towson Wealth Management provides personalized financial planning and wealth management services to individuals and families preparing for or transitioning into retirement, as well as business planning services for owners of closely held businesses. The firm follows a standardized Comprehensive 5-Step Financial Planning Process covering data gathering, plan preparation, plan presentation, implementation coordinated with tax and legal professionals, and ongoing monitoring. Services are delivered through fee-based, commission, or fee-only arrangements, with securities offered through Kestra Investment Services, LLC.
Product overview
Towson Wealth Management is a comprehensive wealth management practice offering two primary service lines: Personal Wealth Management and Business Planning Services. Their core differentiator is the Comprehensive 5-Step Financial Planning Process that guides all client engagements. Personal Wealth Management helps individuals and families prepare for and transition into retirement with income generation and risk management strategies. Business Planning Services addresses the unique challenges of closely held business owners including wealth management, retirement plan design, and succession planning. Additional client services include an eMaplan-powered client portal, Whereby video meeting portal, and Egnyte secure file upload functionality.
Differentiator
Problem solved
Functional benefit
Products and services
- Personal Wealth Management Comprehensive wealth management service helping individuals and families prepare for and successfully transition into retirement. Includes a 5-step financial planning process covering data gathering, plan preparation, plan presentation, implementation, and ongoing monitoring, delivered through fee-based, commission, or fee-only arrangements.
- Business Planning Services Specialized services for owners of closely held businesses covering three areas: managing personal and business wealth, designing and implementing qualified retirement plans (401(k), SEPs, SIMPLE IRAs, defined benefit plans), and succession planning including buy-sell agreements.
- Comprehensive 5-Step Financial Planning Process A structured five-step engagement process: (1) Gathering Data — collecting tax returns, wills, trusts, insurance policies, and financial statements; (2) Preparing the Plan — creating customized financial plans based on goals and income needs; (3) Presenting the Plan — comprehensive one-to-one meeting to explain recommendations; (4) Implementing the Plan — coordinating with attorneys, CPAs, and other professionals; (5) Monitoring and Maintaining — periodic reviews and updates as circumstances change.
Companies that use Towson Wealth Management
Customer profileSegments2 records
Ideal customer profiles2 records
Towson Wealth Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Towson Wealth Management partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor and core.
- 4 Pete's Sake ALS Foundationminor501(c)(3) charity founded by Towson Wealth Management principals in 2009. Mission is to be the voice for ALS patients and provide financial support for patients. Primary fundraiser is annual golf tournament. Approximately half of proceeds go to ALS research through ALSTDI partnership and half to local PALS through ALS Association DC/MD/VA Chapter.
- Kestra Investment Management LLCcoreStrategic partnership providing access to highly skilled investment research experts. Kestra IM is a Registered Investment Adviser-broker/dealer affiliated with Kestra Holdings, providing market research, commentary, and portfolio guidance. The team brings extensive industry knowledge with more than a century of combined experience managing assets for respected firms.
- Kestra Investment Services, LLCcoreBroker/dealer through which securities are offered, member FINRA/SIPC. Provides regulatory infrastructure and securities licensing for the firm's investment products and services.
- Kestra Advisory Services, LLCcoreAffiliate of Kestra IS providing investment advisory services infrastructure. Registered investment adviser offering comprehensive advisory capabilities to the firm.
Scale indicators2 records
Recent moves5 records
Expansion highlights4 records
Towson Wealth Management competitors and assessment
Company assessmentBroad incumbents
- Commonwealth Financial Network: Independent broker-dealer and RIA supporting advisors serving individuals, families, and business owners with comprehensive financial planning. Comparable in business model (independent advisors under a hybrid fee umbrella) and target clientele, though at much greater scale.
- Cetera Financial Group: Independent broker-dealer and RIA platform supporting independent financial advisors with retirement, investment, and planning services. Comparable in the hybrid-fee advisory model and use of independent-broker infrastructure, though much larger in scale and advisor count.
- Cambridge Investment Research: Independent broker-dealer supporting thousands of financial advisors with wealth management, retirement, and planning solutions. Comparable as an independent-advisor platform providing the kind of back-office and broker-dealer infrastructure Towson uses through Kestra.
- Ameriprise Financial: Diversified financial services company with a large advisor force delivering retirement, investment, and financial planning to individuals and small-business owners. Comparable in targeting retirees and closely-held business owners with comprehensive planning, though operating under a much larger corporate structure.
- Kestra Financial: Independent wealth management platform and broker-dealer through which Towson offers securities and advisory services. Directly comparable as a hybrid advisory platform for independent advisors, though Kestra operates at substantially greater scale and provides the infrastructure that Towson relies on.
- Edelman Financial Engines: Large national RIA offering financial planning, retirement income, and investment management to individuals and employer plan participants. Comparable across Towson's core retirement and planning services, with substantially larger scale and proprietary technology platforms.
- Carson Group: Wealth management firm and advisor support platform serving individual investors and business owners with financial planning, retirement, and tax services. Comparable in client focus and holistic planning approach, but with a national footprint and integrated advisor network.
- Mariner Wealth Advisors: National RIA providing comprehensive wealth advisory, retirement planning, and estate services to individuals and business owners. Comparable across Towson's core offerings but operates multiple offices across the U.S. with significantly larger AUM.
- Creative Planning: Large RIA offering comprehensive financial planning, retirement, and wealth management services to individuals and business owners nationwide. Directly comparable in service mix and target client (retirees and closely-held business owners), but operates at vastly greater scale and with proprietary technology.
Direct peers
- Buckingham Strategic Wealth: Fee-only RIA focused on evidence-based financial planning, retirement income, and tax-aware investing for individuals and families. Closely comparable to Towson in its planning-process-driven, retirement-focused value proposition, though Buckingham operates multiple locations and is fee-only.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Towson Wealth Management social profiles
Digital presenceTowson Wealth Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Towson Wealth Management leadership team
Management profileNumber of profiles
Profiles4 records
Towson Wealth Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Towson Wealth Management M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Towson Wealth Management
What does Towson Wealth Management do?
Towson Wealth Management provides personalized financial planning and wealth management services to individuals and families preparing for or transitioning into retirement, as well as business planning services for owners of closely held businesses. The firm follows a standardized Comprehensive 5-Step Financial Planning Process covering data gathering, plan preparation, plan presentation, implementation coordinated with tax and legal professionals, and ongoing monitoring. Services are delivered through fee-based, commission, or fee-only arrangements, with securities offered through Kestra Investment Services, LLC.
Is Towson Wealth Management a public or private company?
Towson Wealth Management is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Towson Wealth Management founded?
Towson Wealth Management was founded in 1996. It employs 1 to 10 people.
Where is Towson Wealth Management based?
Towson Wealth Management is headquartered in Towson, United States, in the North America region.
How does Towson Wealth Management make money?
Three revenue lines are on record. Financial Planning Fees are the primary driver. The others are commission-Based Compensation and fee-Only Advisory Services.
Who are Towson Wealth Management's main competitors?
Broad incumbents on record are Commonwealth Financial Network, Cetera Financial Group, Cambridge Investment Research, Ameriprise Financial, Kestra Financial, Edelman Financial Engines, Carson Group, Mariner Wealth Advisors and Creative Planning. Buckingham Strategic Wealth is listed as a direct peer.
Does Towson Wealth Management have an API?
No public API is recorded for Towson Wealth Management.
What industry is Towson Wealth Management in?
Towson Wealth Management's product category is Wealth Management. Its primary akta.pro industry code is FSAEABAD, Retirement Income Planning & Decumulation Advisory, with a secondary code of FSAAABAE, Private Wealth Planning (Tax, Estate & Succession). Its NAICS code is 523940.