The History of Our Financial Planning Company in MD, DC, VA, PA & DE

Built on a Dream

Over 30 years ago, Drew Tignanelli was a 23-year-old, fledgling financial advisor, frustrated with the sales orientation of his occupation. He saw six fundamental problems in the industry:

  1. A lack of independence – Advisors worked for the companies that created financial products.
  2. A lack of proper incentives – Compensation models were designed to benefit advisors and their company, not the client.
  3. A lack of education – Advisors were not required to meet minimum levels of education to practice.
  4. A lack of credentials – Almost anyone in the industry could call themselves an advisor.
  5. A lack of experience – There was no coordinated mentorship program for new advisors.
  6. A lack of responsibility – Advisors were not required to act in the best interest of their clients.

Beginning in 1995, he took the bold step of accepting a 50% revenue decline to reorganize his company entirely, creating an environment in which he and other like-minded advisors could build a truly professional financial advisory firm.

The Financial Consulate is built on the following pillars:

  1. Independence – We are completely independent, working only for our clients.
  2. Fee-Only – We do not accept any commissions, kickbacks, or referral fees.
  3. Education – Advisors are required to maintain continuing education on top of the requirements of the Certified Financial Planner™ (CFP®) Board.
  4. Credentials – Advisors are required to hold at least one well-recognized credential—such as CPA, CFP®, or MBA—and encouraged to pursue multiple designations.
  5. Experience – We have a staff of experienced advisors with numerous years in the industry. New advisors are required to work under these experienced advisors for a minimum of two to five years while all plans are subject to peer review.
  6. Fiduciary – Advisors are required to sign a Fiduciary Oath, committing to working in our clients’ best interests at all times.

Our History

The Financial Consulate was founded in 1984 and maintains a staff whose primary goal is to work as a team for the success of every client.

We have over 1000 clients in over 25 states and are a fee-only financial planning firm, registered with the National Association of Personal Financial Advisors (NAPFA).

We began conducting seminars in 1981, with regular lectures at CCBC since 1989 and Johns Hopkins since 1997.

We are a Registered Investment Advisor with the Securities and Exchange Commission (SEC).

Drew Tignanelli, our President and Founder, began hosting Money, Riches & Wealth, a financial radio program, in 1993 airing on WCBM 680AM in Baltimore every Wednesday evening from 6-7pm.

 

Our Approach

We care that our clients are as best prepared for their financial futures as possible. That is why we perform a Financial Physical® on every client to assess their current financial standings in order to set a road map for future success. This includes:

  • Planning for taxes, retirement, insurance, and your estate
  • Assessing your company, your government benefits, your assets, and your liabilities

As an ethically minded team of financial planners, we create our Financial Physical® in order to help our clients reach their financial goals with these values in mind. We believe that this comprehensive assessment is the best way to do so, and we use the results both to demonstrate our expertise and comprehensive understanding of your financial status as well as to inform our overall strategy for your personal financial management.

Meet with Our Financial Planners in the Mid-Atlantic Area

If you have been seeking an ethical, highly qualified CFP in the Mid-Atlantic region, the Financial Consulate offers the expertise you need. We have offices in Hunt Valley, MD and Gettysburg, PA, and offer our services to residents of Maryland, Delaware, Pennsylvania, Virginia, and Washington, DC.

Contact us today to get started planning your financial future.

Our History

The Financial Consulate was founded in 1984 and maintains a staff whose primary goal is to work as a team for the success of every client.

We have over 1000 clients in over 25 states and multiple countries and are a fee-only financial planning firm, registered with the National Association of Personal Financial Advisors (NAPFA).

We began conducting seminars in 1981, with regular lectures at CCBC since 1989 and Johns Hopkins since 1997.

We are a Registered Investment Advisor with the Securities and Exchange Commission (SEC).

Drew Tignanelli, our President and Founder, began hosting Money, Riches & Wealth, a financial radio program, in 1993 airing on WCBM 680AM in Baltimore every Wednesday evening from 6-7pm.