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V O L . X X I X N O. I V F E B R UA R Y 2 0 , 2 0 2 3 20 W E A LT H M A N A G E M E N T / R E T I R E M E N T F O C U S In order to have great impact, the company needs to grow, he says. In 2022, it had more than $670 million in assets under management. e vision is to grow. "We want to be substantially larger," he says. He adds, "We expect to double in size and will do it in a prudent way by attracting ideal clients and col- leagues. Staying true to our values is not negotiable, even if it means going a bit slower." en there's the qualitative side. e firm seeks to optimize employee talent by allowing them to focus on one or two areas of responsibili- ties. Most advisors at other firms, he says, handle multiple respon- sibilities. e focused approach is designed to create a team ecosystem that works well for clients and fos- ters job satisfaction, flexibility and opportunity for employees. "We want everybody to work at their unique ability," says Tenney. "Instead of handling five different, big responsibilities, we want people to handle one or two responsibilities for the firm." With a mission of "conscious capi- talism," the firm provides support to nonprofits such as Big Brothers Big Sisters of Southern Maine and the Barbara Bush Children's Hospital at Maine Medical Center. It's developed a relationship with Portland nonprofit Conscious Revolution, a consulting practice that works with CEOs and founders to build conscious businesses. Conscious capitalism, Tenney says, per- meates the company's culture. "It all goes together," Tenney says of the various growth goals. "You can't have a massive impact to more employees without having the assets to generate the revenue. You can't offer more and better services for clients without having more people to provide those talents." New hires, larger quarters Spinnaker Trust, a Portland-based wealth management firm with more than $2.5 billion in funds under manage- ment, said in December it hired two new assistant portfolio managers, grow- ing the staff to 40 employees amid a bullish outlook for business in 2023. e firm said 2023 would be a year to focus on developing and mentoring hires who joined since the start of the pandemic. Portland-based financial advisor HM Payson announced internal pro- motions of two long-standing mem- bers of the research team. In January, Saco-based financial firm S&B D a m a r i s c o t t a S h o w r o o m H A M M O N D L U M B E R . C O M | 1 - 8 0 0 - H A M M O N D L o o k i n g t o s t a r t a w i n d o w s & d o o r s p r o j e c t ? W e ' d l o v e t o h e l p ! V i s i t o n e o f o u r s t o r e s t o g e t s t a r t e d ! 22 LOCATIONS ACROSS MAINE & NEW HAMPSHIRE SHOWROOMS FlyBangor.com The Official Airport of Winter Break » C O N T I N U E D F RO M P R E V I O U S PA G E P H O T O / T I M G R E E N WAY We believe the 'broker' is the way of the past, and that investors should be looking for advisors that are true fiduciaries, operating in a fee-only capacity. — Erin Barry Means Wealth Management

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