NEWS AND INSIGHTS FROM FINTRX
Registered investment advisors (RIAs) are undoubtedly best positioned to serve high-net-worth families and individuals seeking an alignment of interests between the firm and client. To shine a light on the growing RIA channel, FINTRX explores three of the largest registered investment advisors (RIAs) based in Maine.
Founded in 1978, R.M. Davis Inc is a Portland, Maine-based investment advisor providing a broad array of wealth services to affluent individuals and families, foundations, institutions, and select organizations with compatible objectives. Robert “Mal” Davis founded the company in 1978 because he believed the growing Portland market deserved an advisory firm able to provide a higher level of service than was available at that time. Today, the firm is led by Scot Draeger, President & General Counsel; Brian Noyes, Chairman of the Board of Directors; and Geoff Alexander, Chief Executive Officer.
R.M. Davis offers simple solutions to individuals with a connection to Maine in need of independent financial planning services. Services include investment management, trust, and estate services, financial planning, and personal affairs management. An important goal of the firm is to work with different generations of clients within family units, assisting with intergenerational wealth transfer decisions including estate planning, gifting, education funding, and trustee responsibilities.
Representatives of R.M. Davis have a sound code of ethics and a fundamental belief that their own personal interests are subservient to those of the firm’s clients. With more than 5.38B+ in assets under management, R.M. Davis Inc. has grown to be one of the largest independent financial advisory firms in northern New England. The firm has an additional office in Portsmouth, New Hampshire.
- Founded: 1978
- Headquarters: Portland, ME
- Discretionary Assets: ~$5.3B+
- Non-Discretionary Assets: ~$5.2M+
- Total AUM: ~$5.38B+
- Specialties: Investment Management, Wealth Management, Trust Services, Financial Planning, Personal Affairs Management
With roots tracing back to 1854, HM Payson & Co. is a Portland, Maine-based trust Company and SEC-registered investment advisor that specializes in preserving and growing client wealth, as well as providing investment advice through stringent research and a disciplined approach. Every investment advisor is supported by a team of portfolio managers, trust officers, financial planners, and research analysts. The firm’s approach fosters collaboration among its myriad disciplines — portfolio management, financial planning, trust and estate administration, and investment research.
HM Payson & Co. continues to uphold the philosophy of its founder through its core values - trust, integrity, independence, and fair dealing. While clients work one-on-one with a dedicated advisor, each has the power of the entire firm behind them as well. By combining the breadth of knowledge and experience of all our employees, HM Payson extracts personal biases and creates an investment policy that best suits the unique situation of every client. Advisors of the firm are not compensated on individual performance but rather on how H.M. Payson performs overall.
The employees of HM Payson & Co. are involved in dozens of local nonprofit and charitable organizations, giving their time to clear hiking trails, help kids with hunger issues, and care for neighbors in times of need or unexpected loss. The firm supports lifesaving programs in local hospitals and research labs, as well as programs including outdoor recreation, education, and the arts, for instance.
- Founded: 1854
- Headquarters: Portland, ME
- Discretionary Assets: ~$4.76B+
- Non-Discretionary Assets: ~$424.5M+
- Total AUM: ~$5.18B+
- Specialties: Investment Management, Trust Administration, Investment Research, and Financial Planning
Established in 2002, Vigilant Capital Management LLC is a Portland, Maine-based wealth management firm specializing in progressive investment and wealth planning solutions tailored to the unique needs of each client. Its purpose is to guide clients in managing their wealth in a way that positively impacts their lives and the lives of future generations. Vigilant works with high-net-worth individuals and families, as well as select non-profit and institutional organizations.
Vigilant Capital Management matches investment opportunities in individual securities, exchange-traded funds (ETFs), and other financial instructions with client investment objectives and focuses on macroeconomic trends to implement tactical portfolio management. Assessing the macro-economic environment enables the firm to identify broad business-cycle themes, thus forming the basis for the tactical management of asset classes. Vigilant Capital Management serves 19 states and provides investment advisory services for more than 400+ clients. The firm has an additional office in Portsmouth, NH.
Headquarters: Covington, KY
Discretionary Assets: ~$1.7B+
Non-Discretionary Assets: $0
Total AUM: ~$1.7B+
Specialties: Investment Management and Wealth Planning
A registered investment advisor (RIA) is any firm advising or managing the wealth of high-net-worth individuals or institutions. Directly regulated by the Securities Exchange Commission (SEC), RIAs offer a wide range of financial services — from wealth and investment management to direct lending and personal finance education, etc. An important distinction regarding RIAs is the fiduciary obligation to always act in the best interest of their clients.
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August 30, 2021
Renae Hatcher is member of the marketing team at FINTRX - focused on delivering targeted & relevant family office content to our subscribers.