Retirement Management Systems fees and pricing

Published fees

Quoted from the firm's Form ADV Part 2A brochure, filed May 18, 2026. Fees can change, so confirm with the firm before you hire them.

Hourly rate

$250⁠-⁠$500/hr

“All fees are negotiable, but are typically based on an hourly rate ranging from $250 - $500 per hour or for a flat rate to be determined on a case-by-case basis.”

Flat or project fee

Up to $2,500

“Client shall pay a Financial Plan preparation fee typically ranging from $0 to $2,500.”

Read the full brochure (PDF) (opens in new tab)SEC adviser record (opens in new tab)

How Retirement Management Systems bills

Payment and refund terms, quoted from the fee section of the brochure.

• “The annual Program Fee may be paid annually in advance or in monthly or quarterly installments.”
• “The account management fee will be payable quarterly in advance, will be calculated as a percentage of the market value of all assets in the account on the last trading day of each calendar quarter, and will be deducted from the client’s account.”
• “Otherwise, the client will be billed upon completion of the project.”

How Retirement Management Systems’ fees compare

• Its hourly rate of $250-$500 spans the Maryland median of $300. 67% of the 156 other Maryland planners that publish an hourly rate charge less.
• Its flat or project fee of up to $2,500 is below the Maryland median of $4,335. 14% of the 133 other Maryland planners that publish a flat or project fee charge less.

About Retirement Management Systems

• Principal: Michael Scarborough
• Firm size: 11 employees.
• Registered as an adviser: 2010 (16 years).

Planning areas mentioned in the brochure

• Retirement planning

Firm details from Form ADV

How the firm is paid

Hourly fees, fixed or flat fees, percentage of assets under management

Charges a % of assets

Yes

Highest asset based fee in brochure

0.85% a year

Clients

3,032

Employees

11

Works with

Individuals and high net worth individuals

Services reported to regulators

Financial planning, portfolio management for individuals and small businesses, pension consulting, educational seminars and workshops, and other services

Assets managed

$1,886,716,918

Registered with

U.S. Securities and Exchange Commission

Disciplinary disclosures

None reported

SEC CRD number

150351

Website

twitter.com/thenewfiduciary (opens in new tab)

Phone

(301) 327-5312

Can advise clients in 41 states: Alaska, Alabama, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Michigan, Minnesota, Missouri, Mississippi, North Carolina, Nebraska, New Hampshire, New Jersey, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, Washington, Wisconsin, West Virginia

Other planners in Maryland that publish fees

• 1 North Wealth Services, LLCAnnapolis$400/hr, $3,200/yr
• Aaa Advisory LLCWalkersville$300/hr
• Accordant Advisory Group, Inc.Annapolis$500/hr
• Addax Bridge FinancialPotomac$250⁠-⁠$400/hr, $5,000⁠-⁠$6,000
• Adenry Wealth LLCColumbia$300/hr, $300
• Advocate Investing ServicesWoodbine$400/hr, $1,000⁠-⁠$10,000

Compare all 302 planners in Maryland