Issue link: https://nebusinessmedia.uberflip.com/i/1489045
W W W. M A I N E B I Z . B I Z 47 BO O K O F L I S T S 2 0 2 3 F I NA N C E Maine-based registered investment advisors Ranked by assets under management by Maine office(s) Maine-based registered investment advisors Ranked by assets under management by Maine office(s) Firm Assets under management in Maine/ total assets under management/ Licensed advisors in Maine/ total licensed advisors Maine offices/ employees Total offices/ employees Top executive(s) 1 R. M. Davis Inc. 24 City Center, Portland 04101 774-0022 • rmdavis.com $6.8 billion $6.8 billion 14 16 1 51 2 54 Geoffrey K. Alexander CEO 2 H.M. Payson One Portland Square, 5th Floor, Portland 04101 772-3761 • hmpayson.com $6.5 billion $6.5 billion 21 21 3 50 3 50 Peter E. Robbins CEO Michael R. Currie president & managing director 3 Vigilant Capital Management One Monument Square, Suite 601, Portland 04101 523-1110 • vigilantcap.com $1.5 billion $2.2 billion 6 17 1 14 2 29 Scott Sorensen Daniel M. Mulkern Jeff Carlisle principals 4 Old Port Advisors 130 Middle St., Portland 04101 774-6552 • oldportadvisors.com $911 million $911 million 8 8 1 13 1 13 Fredric W. Williams founder & principal 5 HeadInvest 7 Custom House St., 4th Floor, Portland 04101 773-5333 • headinvest.com $885 million $885 million 8 8 1 N/A 1 N/A Carl G. Gercke partner & managing director 6 Means Wealth Management 802 Stillwater Ave., Bangor 04401 947-6763 • meanswealth.com $760 million $840 million 7 9 2 12 4 14 Erin Barry CEO Paul Means chairman Zachary Means president 7 Great Diamond Partners 22 Monument Square, Suite 300, Portland 04101 274-2500 • greatdiamondpartners.com $695 million $695 million 5 5 1 10 1 10 Steven Tenney CEO 8 Cribstone Capital 155 Park Row, Brunswick 04011 844-2000 • cribstonecapital.com $440.2 million $440.2 million 3 3 2 7 2 7 Amyn Moolji COO & chief investment officer Scott Upham managing partner 9 Bigelow Investment Advisors, LLC 4 Moulton Street, Portland 04101 772-2900 • bigelowadvisors.com $420 million $420 million 3 3 1 N/A 1 N/A Benjamin Flood Michael Moore Racquel Tibbetts managing partners 10 Aries Wealth Management 183 Middle St., Suite 4B, Portland 04101 536-0530 • arieswealthllc.com $367.5 million $367.5 million 4 4 1 N/A 1 N/A Laurie Latham principal Jason Viola president & founder 11 Harpswell Capital Advisors LLC 1 41 Campus Drive, Suite 203, New Gloucester 04260 877-427-7227 • harpswelladvisors.com $362 million $404 million 3 3 1 7 1 7 John P. Moore managing partner 12 Robinson Smith Wealth Advisors 2 Monument Square, Suite 501, Portland 04101 874-9840 • robinsonsmithwealth.com $294.1 million $392.2 million 2 4 1 3 1 6 Tracey Daigle chief compliance officer & LLC member David Smith co-managing member David Robinson co-managing member 13 Penobscot Financial Advisors 74 Hammond St., Bangor 04401 990-1901 • penobscotfa.com $285 million $285 million 4 5 2 10 2 10 Hannah Tackett COO & chief compiance officer Craig Joncas CEO Jim Bradley founder & chief investment officer 14 Birchbrook 2 82 Columbia St., Bangor 04401 800-990-1117 • birchbrook.com $245.7 million $245.7 million 4 4 1 8 1 8 Lucie Estabrook CEO & principal 15 Cornerstone Financial Planning 38 Union Wharf, Portland 04101 772-8133 • cornerstoneplanning.com $130.8 million $270.2 million 4 4 1 6 1 11 Christina Traurig managing director & financial planner Mackenzie Arsenault managing director & financial planner Jill Boynton principal Susan Veligor principal 16 Gibson Financial Solutions 67 Franklin St., Ellsworth 04609 667-9993 • gibsonfinancialsolutions.com $100 million $100 million 2 2 1 3 1 3 Paul E.J. Pangburn president 17 Guidance Point Advisors LLC 108 State St., Bangor 04401 358-3099 • guidancepointllc.com $81 million $350 million 5 7 2 5 3 7 Wes Del Col managing partner SOURCE: Each firm via survey. Note: N/A = Not available or not applicable. 1 Data, including assets under management, updated on Nov. 28, 2022. 2 Formerly Deighan Wealth Advisors -This list was compiled by Timothy Doyle and previously published in the Feb. 21, 2022 issue of Mainebiz. 1 Data, including assets under management, updated on Nov. 28, 2022. 2 Formerly Deighan Wealth Advisors This list was compiled by Timothy Doyle and previously published in the Feb. 21, 2022 issue of Mainebiz. N O T E : N/A = Not available or not applicable. S O U R C E : Each firm via survey