financial services

With a strong foundation in investment banking and wealth management, and a central
location within the high income Mid-Atlantic market, Greater Baltimore continues to
build on its reputation as a top US financial center.

72,900 are employed in the financial services industry in the region

Over 9,000 financial managers, advisors and specialists are based in Greater Baltimore
From 2005 to 2010, Greater Baltimore realized high employment growth rates in financial subsectors like Portfolio
Management, Third-Party Administration and Insurance and Employee Benefit Funds
Synergies related to the regions strong IT, cyber and health care sectors create additional opportunities for growth

Wealth Management

Diversified Portfolio

Good Investment

Based on its roots related to homegrown firms T.

Rowe Price, Legg Mason and Alex Brown (the
first US investment bank), Greater Baltimore
has become one of the top 10 US markets for
investment banking and wealth management.

The region is a diversified financial center that

is home to major firms focused on banking,
venture capital, credit, insurance/health care
plans and finance/IT-data center operations.

Greater Baltimore is a popular choice for

expanding financial services firms and those
seeking additional facilities outside of New
York.

Industry Concentration by Financial Subsector

Index
US = 1.00

Subsector
Insurance & Employee Benefit
Funds

2.09

Investment Banking

1.70

Securities, Commodity
Contracts, Investments

1.33

Consumer Lending

1.32

Direct Health and Medical

Insurance Carriers

1.32

Legg Masons new headquarters in Harbor East

was part of a $548 million waterfront project that
includes a Four Seasons Hotel.

Top US Markets
Investment Banking Occupations*
Rank

Metro Area

Index

Washington, D.C.

3.29

Atlanta

2.15

Philadelphia

1.96

Boston

1.95

San Francisco

1.85

New York

1.69

Sacramento

1.53

Baltimore

1.46

Chicago

1.37

10

Seattle

1.29

US

1.00

*Financial managers, analysts & advisors

Morgan Stanley-Smith Barneys new finance

and IT center combines retail and office space.
The space is currently occupied by finance, IT and
professional companies.

T. Rowe Price plans to complete its $185 million,

400,000 square-foot expansion in Owings Mills as
employment growth continues. The firm currently
houses over 3,000 associates at the facility.

1 E. Pratt Street, Suite 200, Baltimore, MD 21202 | 410.468.0100 | 888.298.4322 | www.greaterbaltimore.org

YORK

ADAMS

LANCASTER

CHESTER

PENNSYLVANIA

Philadelphia

CECIL
140

Port Deposit

Westminster

83

Havre de Grace

BALTIMORE
COUNTY

CARROLL
FREDERICK

Hunt Valley
Aberdeen

795

Owings Mills

Fort Detrick

Frederick

White Marsh
Towson
BALTIMORE CITY

Johns Hopkins
University
NIH

Woodlawn

Centers for Medicare

and Medicaid Services

University of
Maryland, Baltimore
University of Maryland
Baltimore County

Baltimore

HOWARD

Columbia

National Cancer Institute

FAIRFAX

NSF

NIH

LINE

ANNE
ARUNDEL

495

Washington
Census Bureau

VIRGINIA
REAGAN
NATIONAL
AIRPORT

PRINCE
WILLIAM

Annapolis

50

ARLINGTON
Pentagon

50

Bowie

495

DULLES AIRPORT

301

TR
AM

295

Bethesda
DISTRICT
OF COLUMBIA

97

MA
RC
R

NASA
University of Maryland Goddard
College Park

Fort
Meade

QUEEN
ANNE'S

Riv
er

Amtrak / MARC
Rail Station

NSA

95

Rockville

National Institutes
of Standards and Technology

BWI AIRPORT

Johns Hopkins
Applied Physics Lab

FDA

psco

APPROVED
INTER-COUNTY
CONNECTOR (ICC)

Pat
a

695

AIL

MONTGOMERY

Dundalk

AK

270

APG Edgewood

Middle River

PRINCE
GEORGES

95

CALVERT

CHARLES
STAFFORD

Chesapeake Bay

70

Aberdeen
Proving
Ground

95

695

Social Security
Administration

LOUDOUN

Elkton

HARFORD

TALBOT

CAROLINE

50

DORCHESTER
Amtrak / MARC Rail Line
Light Rail Line
Baltimore Metro Subway
Research Facilities and Federal Institutions

ST. MARY'S

Major Colleges and Universities

The distance between Baltimore and Washington,
D.C. is approximately 35 miles.

KING GEORGE

WESTMORELAND

1 E. Pratt Street, Suite 200, Baltimore, MD 21202 | 410.468.0100 | 888.298.4322 | www.greaterbaltimore.org

This profile is sponsored by:

RBC Wealth Management