Mainebiz

W W W. M A I N E B I Z . B I Z 29 N OV E M B E R 2 7 , 2 0 1 7 F O C U S B A N K I N G / F I N A N C E fi rm's building on Bangor's Howland Street; Payson has a page about the long history of the fi rm. When Upham was forming his fi rm a few years ago and looking for a symbol for the logo and website, nothing felt quite right. en the Brunswick native realized it was right in front of him: the his- toric cribstone bridge that links Orr's and Bailey islands in Harpswell. e one-of-a-kind bridge was built with stacked and cross-laid granite slabs, a simple, yet eff ective way to withstand weather and changing tides. "I wanted something that was strongly linked back to the past," says Upham. "But it's also built not to deteriorate with time." Likewise, Dion says, "Many of our clients are not people who look like the Hollywood version of a multi- millionaire. It is changing somewhat, but in general, in Maine there is a sensibility that discourages a lot of conspicuous displays of affl uence." Trendsetter When Deighan began her fi rm in 1994, "We distinguished ourselves then by declining any transaction- based income." Jeff Carlisle, a founder and manag- ing partner of Vigilant, says the trying times of the past decade helped make that model a trend. "Vigilant was created in 2002, dur- ing the last year of a signifi cant market downturn, which commenced in 2000 with the bursting of the tech bubble," he says. "And in 2008, we all endured the near-collapse of the global fi nancial system." He says investors realized they needed an investment adviser who follows the fi duciary model, put- ting client interests fi rst. Vigilant has 19 employees and $984 million under management. Because of their fi duciary role, RIAs will be largely unaff ected by another aspect of the fallout from the economic crises of the past decade — an Obama- era fi duciary rule crafted by the U.S. Department of Labor that tightens how investment advisers inform clients regard- ing retirement funds. e requirement is already in place for RIAs. at rule was supposed to go into eff ect in January 2018, but has been delayed until July 2019. " e fi duciary rule will not change anything for us," Deighan says. "We have always been transparent and placed our clients' interest fi rst." M M , a cor r espondent f o r M a i n e b i z , c a n b e r e a c h e d a t @ . Portland, ME dunhamgroup.com 207.773.7100 Local Knowledge. Regional Focus. Global Reach. The Dunham Group is proud to have played a role in bringing WEX's new global headquarters to Portland. Thank you and congratulations to WEX, Jonathan Cohen, and the city of Portland, for collaborating on this forward-thinking project. This building will serve as a catalyst for future development and enhance Portland's reputation as a vibrant, business-friendly city. Shared Visions and Hard Work Bring a Landmark Global Headquarters to Portland Landmark Global Headquarters to Portland Building Business and Community for Over 40 Years "We're so grateful that FAME approved the loan insurance for our line of credit. LooHoo continues to grow each year, and we are now able to plan ahead with inventory and manufactuing needs to support increased demands. With FAME's support, LooHoo is positioned for continued growth and success." Cyndi Prince Founder and CEO, LooHoo LLC Helping Maine Businesses Succeed since 1983 Best Places to Work in Maine 2015, 2016 1-800-228-3734 • FAMEmaine.com

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