Paladin Research Report For:
MY Wealth Management, Inc.
About MY Wealth Management, Inc.
MY Wealth Management is a fiduciary financial planning firm dedicated to helping retirees and those nearing retirement navigate the complexities of their financial future with clarity and confidence. Our mission is simple: to provide expert guidance, personalized strategies, and a straightforward approach to ensure your retirement is secure, tax-efficient, and aligned with your long-term goals.
Our Process: A Hands-On, Personalized Approach
Retirement planning isn't a one-size-fits-all process, which is why we take the time to understand your unique situation before offering recommendations. Our Free Retirement Evaluation is the first step in getting to know you and identifying opportunities that can enhance your retirement strategy.
Here's what to expect:
1. Understanding Your Financial Picture - We review your current assets, income sources, and retirement savings to get a clear view of where you stand.
2. Retirement Income Planning - We analyze how to turn your savings into a steady, reliable paycheck that lasts throughout your retirement.
3. Tax-Efficient Strategies - We explore ways to help lower your tax burden in retirement, including Roth conversions, tax-efficient withdrawals, and minimizing Required Minimum Distributions (RMDs).
4. Investment "Retirement Readiness" - We help assess whether your portfolio is structured to support your retirement goals while managing risk and volatility.
Our process is designed to be informative, pressure-free, and built around your needs as an opportunity to gain clarity and see if we're the right fit for you.
https://my-wealthmgmt.com/get-your-free-evaluation
You wouldn't see an eye doctor for heart issues - making sure your retirement is handled by the right expert is just as important.
Who We Work Best With
At MY Wealth Management, we specialize in working with individuals and couples who are aged 50+ and either approaching retirement or already retired. We've found that the people who benefit most from our services typically share the following characteristics:
- You have $500,000 or more in investable assets (excluding real estate) and want a clear strategy to make the most of your wealth in retirement.
- You're looking for a fiduciary advisor - someone who always acts in your best interest, rather than pushing products or unnecessary services.
- You're concerned about taxes in retirement and want to explore strategies to minimize their impact on your wealth.
- You value professional guidance and want a trusted partner to help you make informed financial decisions.
Does This Sound Like You?
- You've worked hard to build your savings, but you're not sure how to turn that money into a reliable income stream.
- You're concerned about market downturns and want to protect your wealth from unnecessary risk.
- You're hearing conflicting advice about tax strategies, Social Security, or RMDs and want to cut through the noise.
If this resonates with you, our Free Retirement Evaluation is the perfect next step. Let's take the guesswork out of retirement so you can focus on what truly matters - enjoying life with confidence.
https://my-wealthmgmt.com/get-your-free-evaluation
General Information
Firm Start Year
- 2013
No. of Employees
- 2-4
CRD#
- 2818198
Firm CRD#
- 168566
Insurance License#
- 66681
Name of Custodial Firm
- Charles Schwab and Interactive Brokers
States Licensed in
- MD
Years of Experience in Financial Services
- 28
Number of Years with Current Firm
- 11
Work Experience
- As a co-founder of MY Wealth Management, Inc., my focus is on helping those who have always been savvy savers grow their wealth and manage it into and throughout retirement. I enjoy helping people understand their options and navigate their finances as they look to get from point A to point B.
I bring over 20 years of experience in the financial industry to our firm, as well as Chartered Financial Consultant and CERTIFIED FINANCIAL PLANNER(™) designations. Previously, I worked for Prudential Securities, First Union, and Sandy Spring Bank before joining the firm in 2003. Today, I'm focused on managing our firm's portfolios and helping clients prepare for and enter retirement.
Work with the following types of clients
- Businesses, Individual Investors
Advisory Services Provided
- Financial Planning for Businesses, Financial Planning for Individuals, Financial Advice & Consulting, Investment Advice & Management, Estate Planning & Trusts, Education Funding and Planning, Risk Management, Money Management, Wealth Management, 401K Rollovers, Retirement Planning, Portfolio Management, Financial Planning, Insurance Products & Annuities
Compliance
Registered Investment Advisor
- Yes
Investment Advisor Representative
- Yes
Acknowledged fiduciary
- Yes
Compliance Disclosures in Last 5 years
- I have a clean record
Criminal Disclosures in Last 5 years
- I have a clean record
Qualifications & Membership
Certifications, Accreditations & Designations
- CFP®, ChFC®
Securities Licenses
- Series 65
Insurance and Annuity Licenses
- Annuity, Health, Life, Disability, Long Term Care
Firm Information
Firm's Number of Clients
- 130
Assets Managed by Firm
- $140,000,000
Advisor's Number of Clients
- 130
Assets Managed by Advisor
- $140,000,000
Compensation and Fees
Fee Structure
- Fee-Based
Compensation Methods
- Based on Assets, Flat Fee
Disclosures
PaladinRegistry.com provides referrals to financial professionals. PaladinRegistry.com is not a current client of advisor or advisory services. Financial professionals pay cash compensation for these referrals, which creates the incentive for PaladinRegistry.com to make these referrals, resulting in a conflict of interest.
Additional Detailed Disclosures
https://www.paladinregistry.com/disclosure/1892277/paladinregistry-MY-Wealth-Management,-Inc.-detailed-disclosure.html
Disclaimer
MY Wealth Management, Inc. is a registered investment adviser. Advisory services are only offered to clients or prospective clients where MY Wealth Management, Inc. and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by MY Wealth Management, Inc. unless a client service agreement is in place. MY Wealth Management, Inc. provides links for your convenience to websites produced by other providers of industry-related material. Accessing websites through links directs you away from our website. Users who gain access to third-party websites may be subject to the copyright and other restrictions on use imposed by those providers and assume responsibility and risk from use of those websites.
Paladin Advisors