Michael Schenking

Michael Schenking

  • CFP
  • CRPC
  • Partner
For over 30 years, Mike has focused on helping his clients preserve and grow their wealth, develop retirement income strategies, and transition their wealth to the next generation. Before starting his career as a Financial Advisor, Mike served in the United States Army National Guard as a Troop Commander and Helicopter Pilot. As a pilot, Mike was trained to prepare for the worst and hope for the best. This fundamental idea has translated into his approach throughout his financial career. He always tries to uncover what could potentially go wrong in his clients' financial situation and develop a plan to protect them. Mike has been recognized by Forbes as a Best-In-State Wealth Advisor in 2019* and by Five Star Professional as a Five Star Wealth Manager in 2021**.

Mike began his career with Merrill Lynch in 1988 after graduating from Loyola University with a degree in Finance. Throughout his career, Mike has had the privilege of working with some incredible clients and their families. One of the greatest things Mike loves about what he does is building strong, trustworthy relationships with his clients to the point where they become more than just a valued client, but a family friend for years to come.

In his free time, Mike enjoys spending time with his friends and family on Maryland's Eastern Shore. Some of his favorite hobbies include boating on Chesapeake Bay, fishing, and waterfowl hunting. Mike is also a fan of the Baltimore Ravens. 

Named to Forbes "Best-in-State Wealth Advisors" list February 2019.1
Forbes is a trademark of Forbes Media LLC. All rights reserved. Rankings and recognition from Forbes/SHOOK Research are no guarantee of future investment success and do not ensure that a current or prospective client will experience a higher level of performance results and such rankings should not be construed as an endorsement of the advisor.
*The Forbes Best-In-State Wealth Advisors ranking algorithm is based on industry experience, interviews, compliance records, assets under management, revenue and other criteria by SHOOK Research, LLC, which does not receive compensation from the advisors or their firms in exchange for placement on a ranking. Investment performance is not a criterion.
**The Five Star Wealth Manager award, administered by Crescendo Business Services, LLC (dba Five Star Professional), is based on 10 objective criteria: 1. Credentialed as a registered investment adviser or a registered investment adviser representative; 2. Active as a credentialed professional in the financial services industry for a minimum of 5 years; 3. Favorable regulatory and complaint history review (unfavorable feedback may have been discovered through a check of complaints registered with a regulatory authority or complaints registered through Five Star Professional’s consumer complaint process*); 4. Fulfilled their firm review based on internal standards; 5. Accepting new clients; 6. One-year client retention rate; 7. Five-year client retention rate; 8. Non-institutional discretionary and/or non-discretionary client assets administered; 9. Number of client households served; 10. Education and professional designations. Wealth managers do not pay a fee to be considered or awarded. Once awarded, wealth managers may purchase additional profile ad space or promotional products. The award methodology does not evaluate the quality of services provided and is not indicative of the winner’s future performance. For 2021, 2,029 Baltimore-area wealth managers were considered for the award; 237 (12 % of candidates) were named Five Star Wealth Managers. *To qualify as having a favorable regulatory and complaint history, the person cannot have: 1. been subject to a regulatory action that resulted in a suspended or revoked license, or payment of a fine, 2. had more than three customer complaints filed against them (settled or pending) with any regulatory authority or Five Star Professional’s consumer complaint process, 3. individually contributed to a financial settlement of a customer complaint filed with a regulatory authority, 4. filed for bankruptcy, or 5. been convicted of a felony.