# Independent RIAs in Maine

As of October 2, 2026, 84 independent wealth management RIAs based in Maine reported $29.9 billion in regulatory assets under management; the largest by assets was H.M. Payson, with $9.1 billion.

As of: 2026-10-02
Address: https://advisoriq.com/ria/states/maine/

## Facts

- state: Maine
- code: ME
- population: Independent wealth management RIAs: firms whose individual and high net worth clients hold at least half of their regulatory assets and that offer financial planning or portfolio management for individuals, leaving out broker-dealers, banks and their advisory arms. Asset managers, private fund managers and pension consultants are not in the directory.
- latest: independent: accounts: 41231, firms: 84, median_raum: 57825000, raum: 29887512321, advisory_employees: 256, avg_account: 724879.637190463, band_100m_250m: 15, band_100m_250m_raum: 2335309973, band_10b_plus: 0, band_10b_plus_raum: 0, band_1b_5b: 2, band_1b_5b_raum: 2769401543, band_250m_500m: 5, band_250m_500m_raum: 1867485207, band_500m_1b: 6, band_500m_1b_raum: 4237021279, band_5b_10b: 2, band_5b_10b_raum: 17243714892, band_lt100m: 46, band_lt100m_raum: 1434579427, bd_affiliated_share: 0, cfp_professionals: 65, clients: 22185, custody_share: 0.333333333333333, employees: 382, fee_aum_pct_share: 0.904761904761905, fee_commissions_share: 0, fee_fixed_share: 0.642857142857143, fee_hourly_share: 0.678571428571429, fee_other_share: 0.0833333333333333, fee_performance_share: 0, fee_subscription_share: 0, financial_planning_share: 0.80952380952381, firms_with_raum: 76, iars: 232, mean_raum: 393256741.065789, new_firms: 6, p25_raum: 18746472.5, p75_raum: 164398530.25, p90_raum: 606893559, raum_discretionary: 28571235997, top10_share: 0.811380266565746, independent_sec: accounts: 35338, firms: 29, median_raum: 296464387, raum: 28348244931, advisory_employees: 186, avg_account: 802202.867479767, band_100m_250m: 14, band_100m_250m_raum: 2230622010, band_10b_plus: 0, band_10b_plus_raum: 0, band_1b_5b: 2, band_1b_5b_raum: 2769401543, band_250m_500m: 5, band_250m_500m_raum: 1867485207, band_500m_1b: 6, band_500m_1b_raum: 4237021279, band_5b_10b: 2, band_5b_10b_raum: 17243714892, band_lt100m: 0, band_lt100m_raum: 0, bd_affiliated_share: 0, cfp_professionals: 42, clients: 18844, custody_share: 0.517241379310345, employees: 302, fee_aum_pct_share: 1, fee_commissions_share: 0, fee_fixed_share: 0.724137931034483, fee_hourly_share: 0.551724137931034, fee_other_share: 0.0689655172413793, fee_performance_share: 0, fee_subscription_share: 0, financial_planning_share: 0.724137931034483, firms_with_raum: 29, iars: 160, mean_raum: 977525687.275862, new_firms: 1, p25_raum: 155261578, p75_raum: 658598502, p90_raum: 1258757455, raum_discretionary: 27404619436, raum_growth_1y: 0.159628102005037, successions: 0, top10_share: 0.855437004055283, state: accounts: 5893, firms: 55, median_raum: 27288877, raum: 1539267390, advisory_employees: 70, avg_account: 261202.679450195, band_100m_250m: 1, band_100m_250m_raum: 104687963, band_10b_plus: 0, band_10b_plus_raum: 0, band_1b_5b: 0, band_1b_5b_raum: 0, band_250m_500m: 0, band_250m_500m_raum: 0, band_500m_1b: 0, band_500m_1b_raum: 0, band_5b_10b: 0, band_5b_10b_raum: 0, band_lt100m: 46, band_lt100m_raum: 1434579427, bd_affiliated_share: 0, cfp_professionals: 23, clients: 3341, custody_share: 0.236363636363636, employees: 80, fee_aum_pct_share: 0.854545454545454, fee_commissions_share: 0, fee_fixed_share: 0.6, fee_hourly_share: 0.745454545454545, fee_other_share: 0.0909090909090909, fee_performance_share: 0, fee_subscription_share: 0, financial_planning_share: 0.854545454545454, firms_with_raum: 47, iars: 72, mean_raum: 32750370, new_firms: 5, p25_raum: 10122691.5, p75_raum: 48461355.5, p90_raum: 77070968, raum_discretionary: 1166616561, top10_share: 0.504338891373512
- broker_dealer_affiliated_not_included: firms: 2, raum: 206293923
- series: firms: segment: independent_sec, unit: count, points: as_of: 2018-10-01, value: 17; as_of: 2019-10-01, value: 20; as_of: 2020-10-01, value: 21; as_of: 2021-10-04, value: 23; as_of: 2022-10-03, value: 24; as_of: 2023-10-05, value: 22; as_of: 2024-10-01, value: 24; as_of: 2025-09-02, value: 26; as_of: 2026-10-02, value: 29, raum: segment: independent_sec, unit: usd, points: as_of: 2018-10-01, value: 11850466382; as_of: 2019-10-01, value: 13127943373; as_of: 2020-10-01, value: 15714340745; as_of: 2021-10-04, value: 18393182245; as_of: 2022-10-03, value: 24061802591; as_of: 2023-10-05, value: 18676675747; as_of: 2024-10-01, value: 21123991348; as_of: 2025-09-02, value: 24445979605; as_of: 2026-10-02, value: 28348244931, accounts: segment: independent_sec, unit: count, points: as_of: 2018-10-01, value: 17607; as_of: 2019-10-01, value: 21930; as_of: 2020-10-01, value: 24251; as_of: 2021-10-04, value: 27211; as_of: 2022-10-03, value: 31673; as_of: 2023-10-05, value: 30062; as_of: 2024-10-01, value: 31609; as_of: 2025-09-02, value: 32598; as_of: 2026-10-02, value: 35338, median_raum: segment: independent_sec, unit: usd, points: as_of: 2018-10-01, value: 214894283; as_of: 2019-10-01, value: 237720301; as_of: 2020-10-01, value: 248697756; as_of: 2021-10-04, value: 229212942; as_of: 2022-10-03, value: 324560167.5; as_of: 2023-10-05, value: 290275170.5; as_of: 2024-10-01, value: 339050325; as_of: 2025-09-02, value: 276341276.5; as_of: 2026-10-02, value: 296464387
- top_10: largest: rank: 1, crd: 2993, firm: H.M. Payson, city: Portland, value: 9089039931; rank: 2, crd: 105448, firm: R M Davis Inc, city: Portland, value: 8154674961; rank: 3, crd: 2748, firm: Means Wealth Management, city: Bangor, value: 1594606299; rank: 4, crd: 109127, firm: Portland Global Advisors LLC, city: Portland, value: 1174795244; rank: 5, crd: 140518, firm: Headinvest, city: Portland, value: 891849255; rank: 6, crd: 299598, firm: Great Diamond Partners, LLC, city: Portland, value: 804063563; rank: 7, crd: 108228, firm: Old Port Advisors, city: Portland, value: 782788909; rank: 8, crd: 175477, firm: Aries Wealth Management, LLC, city: Portland, value: 658598502; rank: 9, crd: 143733, firm: Bigelow Investment Advisors, LLC, city: Portland, value: 555188616; rank: 10, crd: 286211, firm: Penobscot Financial Advisors, city: Portland, value: 544532434, fastest-growing: rank: 1, crd: 174407, firm: Abbington Investment Group, LLC, city: South Portland, value: 0.644321044116383; rank: 2, crd: 333183, firm: GRP Retirement Planning, city: Farmingdale, value: 0.413184702692298; rank: 3, crd: 299688, firm: Blue Point Financial, Inc., city: Scarborough, value: 0.346991678643251; rank: 4, crd: 299598, firm: Great Diamond Partners, LLC, city: Portland, value: 0.310838213416391; rank: 5, crd: 312478, firm: Maiden Cove Capital, city: Yarmouth, value: 0.256797640074267; rank: 6, crd: 286211, firm: Penobscot Financial Advisors, city: Portland, value: 0.253115129422364; rank: 7, crd: 175477, firm: Aries Wealth Management, LLC, city: Portland, value: 0.2409812378435; rank: 8, crd: 2748, firm: Means Wealth Management, city: Bangor, value: 0.220325966083562; rank: 9, crd: 137075, firm: Bennett Selby Investments, L.P., city: Falmouth, value: 0.201202096275552; rank: 10, crd: 307252, firm: Wright Cove Capital, city: Portland, value: 0.199303567073321, fastest-growing-3-year: rank: 1, crd: 137075, firm: Bennett Selby Investments, L.P., city: Falmouth, value: 0.314124692853157; rank: 2, crd: 2748, firm: Means Wealth Management, city: Bangor, value: 0.289434433345646; rank: 3, crd: 175477, firm: Aries Wealth Management, LLC, city: Portland, value: 0.221387610012901; rank: 4, crd: 286211, firm: Penobscot Financial Advisors, city: Portland, value: 0.181012996314065; rank: 5, crd: 194515, firm: Coston, McIsaac & Shea Financial Advisors, city: Bar Harbor, value: 0.169364993252375; rank: 6, crd: 109127, firm: Portland Global Advisors LLC, city: Portland, value: 0.157714092506569; rank: 7, crd: 123098, firm: Robinson Smith Wealth Advisors, LLC, city: South Portland, value: 0.155261591261654; rank: 8, crd: 299598, firm: Great Diamond Partners, LLC, city: Portland, value: 0.141358669735355; rank: 9, crd: 2993, firm: H.M. Payson, city: Portland, value: 0.137046210283801; rank: 10, crd: 297745, firm: Choice Wealth Advisors LLC, city: Waterville, value: 0.136251991602816, fastest-growing-5-year: rank: 1, crd: 137075, firm: Bennett Selby Investments, L.P., city: Falmouth, value: 0.206282807394493; rank: 2, crd: 194515, firm: Coston, McIsaac & Shea Financial Advisors, city: Bar Harbor, value: 0.196881794665004; rank: 3, crd: 286211, firm: Penobscot Financial Advisors, city: Portland, value: 0.188931746086141; rank: 4, crd: 2748, firm: Means Wealth Management, city: Bangor, value: 0.188000181934715; rank: 5, crd: 175477, firm: Aries Wealth Management, LLC, city: Portland, value: 0.177042901921211; rank: 6, crd: 304297, firm: RM Financial Services, LLC, city: Falmouth, value: 0.14345498689152; rank: 7, crd: 2993, firm: H.M. Payson, city: Portland, value: 0.118744428209895; rank: 8, crd: 109127, firm: Portland Global Advisors LLC, city: Portland, value: 0.115473274564561; rank: 9, crd: 297745, firm: Choice Wealth Advisors LLC, city: Waterville, value: 0.110698741057268; rank: 10, crd: 105448, firm: R M Davis Inc, city: Portland, value: 0.0867168397419458, biggest-asset-gains: rank: 1, crd: 2993, firm: H.M. Payson, city: Portland, value: 959440648; rank: 2, crd: 105448, firm: R M Davis Inc, city: Portland, value: 887260067; rank: 3, crd: 2748, firm: Means Wealth Management, city: Bangor, value: 287901088; rank: 4, crd: 299598, firm: Great Diamond Partners, LLC, city: Portland, value: 190667070; rank: 5, crd: 109127, firm: Portland Global Advisors LLC, city: Portland, value: 168554916; rank: 6, crd: 175477, firm: Aries Wealth Management, LLC, city: Portland, value: 127890638; rank: 7, crd: 286211, firm: Penobscot Financial Advisors, city: Portland, value: 109989413; rank: 8, crd: 174407, firm: Abbington Investment Group, LLC, city: South Portland, value: 79192102; rank: 9, crd: 143733, firm: Bigelow Investment Advisors, LLC, city: Portland, value: 78967793; rank: 10, crd: 194515, firm: Coston, McIsaac & Shea Financial Advisors, city: Bar Harbor, value: 61243258, most-clients: rank: 1, crd: 2993, firm: H.M. Payson, city: Portland, value: 4308; rank: 2, crd: 194515, firm: Coston, McIsaac & Shea Financial Advisors, city: Bar Harbor, value: 2508; rank: 3, crd: 105448, firm: R M Davis Inc, city: Portland, value: 2437; rank: 4, crd: 2748, firm: Means Wealth Management, city: Bangor, value: 1375; rank: 5, crd: 108228, firm: Old Port Advisors, city: Portland, value: 856; rank: 6, crd: 333183, firm: GRP Retirement Planning, city: Farmingdale, value: 848; rank: 7, crd: 313352, firm: J.M. Arbour, LLC, city: Gardiner, value: 720; rank: 8, crd: 297745, firm: Choice Wealth Advisors LLC, city: Waterville, value: 622; rank: 9, crd: 286211, firm: Penobscot Financial Advisors, city: Portland, value: 590; rank: 10, crd: 299598, firm: Great Diamond Partners, LLC, city: Portland, value: 534, client-growth: rank: 1, crd: 299598, firm: Great Diamond Partners, LLC, city: Portland, value: 0.618181818181818; rank: 2, crd: 333183, firm: GRP Retirement Planning, city: Farmingdale, value: 0.220143884892086; rank: 3, crd: 304297, firm: RM Financial Services, LLC, city: Falmouth, value: 0.104395604395604; rank: 4, crd: 313352, firm: J.M. Arbour, LLC, city: Gardiner, value: 0.100917431192661; rank: 5, crd: 105164, firm: Birchbrook, city: Bangor, value: 0.0912162162162162; rank: 6, crd: 123098, firm: Robinson Smith Wealth Advisors, LLC, city: South Portland, value: 0.0790697674418606; rank: 7, crd: 140518, firm: Headinvest, city: Portland, value: 0.0748792270531402; rank: 8, crd: 107991, firm: Clark & Stuart Inc, city: Portland, value: 0.0588235294117647; rank: 9, crd: 109127, firm: Portland Global Advisors LLC, city: Portland, value: 0.0446735395189004; rank: 10, crd: 137075, firm: Bennett Selby Investments, L.P., city: Falmouth, value: 0.043010752688172, most-accounts: rank: 1, crd: 105448, firm: R M Davis Inc, city: Portland, value: 6124; rank: 2, crd: 2993, firm: H.M. Payson, city: Portland, value: 4308; rank: 3, crd: 2748, firm: Means Wealth Management, city: Bangor, value: 3520; rank: 4, crd: 108228, firm: Old Port Advisors, city: Portland, value: 2245; rank: 5, crd: 333183, firm: GRP Retirement Planning, city: Farmingdale, value: 1972; rank: 6, crd: 286211, firm: Penobscot Financial Advisors, city: Portland, value: 1811; rank: 7, crd: 299598, firm: Great Diamond Partners, LLC, city: Portland, value: 1736; rank: 8, crd: 194515, firm: Coston, McIsaac & Shea Financial Advisors, city: Bar Harbor, value: 1254; rank: 9, crd: 313352, firm: J.M. Arbour, LLC, city: Gardiner, value: 1253; rank: 10, crd: 297745, firm: Choice Wealth Advisors LLC, city: Waterville, value: 1247, most-advisory-staff: rank: 1, crd: 2993, firm: H.M. Payson, city: Portland, value: 29; rank: 2, crd: 105448, firm: R M Davis Inc, city: Portland, value: 25; rank: 3, crd: 2748, firm: Means Wealth Management, city: Bangor, value: 15; rank: 4, crd: 109127, firm: Portland Global Advisors LLC, city: Portland, value: 11; rank: 4, crd: 194515, firm: Coston, McIsaac & Shea Financial Advisors, city: Bar Harbor, value: 11; rank: 6, crd: 108228, firm: Old Port Advisors, city: Portland, value: 10; rank: 6, crd: 313352, firm: J.M. Arbour, LLC, city: Gardiner, value: 10; rank: 8, crd: 286211, firm: Penobscot Financial Advisors, city: Portland, value: 7; rank: 8, crd: 299598, firm: Great Diamond Partners, LLC, city: Portland, value: 7; rank: 10, crd: 140518, firm: Headinvest, city: Portland, value: 6, most-hnw-clients: rank: 1, crd: 105448, firm: R M Davis Inc, city: Portland, value: 1300; rank: 2, crd: 2993, firm: H.M. Payson, city: Portland, value: 910; rank: 3, crd: 2748, firm: Means Wealth Management, city: Bangor, value: 394; rank: 4, crd: 140518, firm: Headinvest, city: Portland, value: 322; rank: 5, crd: 299598, firm: Great Diamond Partners, LLC, city: Portland, value: 285; rank: 6, crd: 194515, firm: Coston, McIsaac & Shea Financial Advisors, city: Bar Harbor, value: 235; rank: 7, crd: 108228, firm: Old Port Advisors, city: Portland, value: 215; rank: 8, crd: 286211, firm: Penobscot Financial Advisors, city: Portland, value: 193; rank: 9, crd: 107991, firm: Clark & Stuart Inc, city: Portland, value: 178; rank: 10, crd: 109127, firm: Portland Global Advisors LLC, city: Portland, value: 168, most-cfp-professionals: rank: 1, crd: 105448, firm: R M Davis Inc, city: Portland, value: 5; rank: 1, crd: 123098, firm: Robinson Smith Wealth Advisors, LLC, city: South Portland, value: 5; rank: 1, crd: 286211, firm: Penobscot Financial Advisors, city: Portland, value: 5; rank: 4, crd: 143733, firm: Bigelow Investment Advisors, LLC, city: Portland, value: 4; rank: 5, crd: 194515, firm: Coston, McIsaac & Shea Financial Advisors, city: Bar Harbor, value: 3; rank: 5, crd: 299598, firm: Great Diamond Partners, LLC, city: Portland, value: 3; rank: 7, crd: 2748, firm: Means Wealth Management, city: Bangor, value: 2; rank: 7, crd: 105164, firm: Birchbrook, city: Bangor, value: 2; rank: 7, crd: 149542, firm: August Wealth Group, Inc., city: Bristol, value: 2; rank: 7, crd: 297745, firm: Choice Wealth Advisors LLC, city: Waterville, value: 2, newest: rank: 1, crd: 311679, firm: Maine Advisory Associates, city: Falmouth, value: 116549001; rank: 2, crd: 336828, firm: Sonder Partners, LLC, city: Kennebunkport, value: 3759000; rank: 3, crd: 338578, firm: Tributaries Financial Planning LLC, city: Biddeford, value: 0; rank: 3, crd: 338732, firm: Northwater Capital, city: Portland, value: 0; rank: 3, crd: 340083, firm: Parzych Financial Planning, LLC, city: Saco, value: 0; rank: 3, crd: 341724, firm: Ampersand Investment Advisors, city: Camden, value: 0
- cities: name: Portland, independent_rias: 18, raum: 23166044490, url: https://advisoriq.com/ria/states/maine/portland/; name: Bangor, independent_rias: 6, raum: 2174934978, url: https://advisoriq.com/ria/states/maine/bangor/
- iar_ce_status: not adopted

## Notes

- Firms are placed in the state of their main office.
- History covers SEC-registered firms only, from October 2018.

## Sources

- SEC, Information About Registered Investment Advisers (ia100226.zip), checked 2026-10-07: https://www.sec.gov/files/investment/data/other/information-about-registered-investment-advisers-exempt-reporting-advisers/ia100226.zip
- IAPD compilation reports (IA_FIRM_STATE_Feed_10_07_2026.xml.gz), checked 2026-10-07: https://adviserinfo.sec.gov/compilation
- NASAA IAR CE map, checked 2026-10-05: https://www.nasaa.org/industry-resources/investment-advisers/investment-adviser-representative-continuing-education/iar-ce-map/

## Related

- [RIA market data by state](https://advisoriq.com/ria/states/)
- [Largest independent RIAs by assets under management in Maine](https://advisoriq.com/ria/rankings/largest/maine/)
- [Fastest-growing independent RIAs over one year in Maine](https://advisoriq.com/ria/rankings/fastest-growing/maine/)
- [Fastest-growing independent RIAs over three years in Maine](https://advisoriq.com/ria/rankings/fastest-growing-3-year/maine/)
- [Fastest-growing independent RIAs over five years in Maine](https://advisoriq.com/ria/rankings/fastest-growing-5-year/maine/)
- [IAR CE in Maine](https://advisoriq.com/ce/iar/maine/)

## Cite as

AdvisorIQ, as of 2026-10-02. https://advisoriq.com/ria/states/maine/

License: https://advisoriq.com/license/