H.M. Payson
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Overview
H.M. Payson is a financial advisor firm located in Portland, Maine. The company manages $6.2 billion in assets under management over 3,724 accounts, placing it among the largest firms in the United States by assets under management (AUM). The company has a small group, including 28 financial advisors. H.M. Payson does not act as a registered broker-dealer, meaning the firm is not able to buy and sell securities for its customers' and own accounts and instead has to go through a broker-dealer firm to do so. Securities are defined as tradable financial assets such as options, stocks and bonds.
H.M. Payson administers most of its client assets on a discretionary basis. Discretionary management signifies that an investment advisor has the discretion to make transaction choices for the client's account without requiring client permission. The firm also oversees 202 non-discretionary accounts totaling $450.9 million in AUM. The advisory firm's average account size is $1.7 million. An average advisor at H.M. Payson manages around 133 client accounts.
The firm's headquarters is at One Portland Square, 5Th Floor, Portland, Maine 4101. The firm is legally permitted to serve clients across 25 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
H.M. Payson by the Numbers
$6.2 billion
32
3,724
$1.7 million
Products and Services
H.M. Payson offers a number of financial services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutional clients, pension consulting services, publication of newsletters and educational seminars. In the last financial year, H.M. Payson provided financial planning services to 51-100 of its clients. H.M. Payson is engaged in selling products or offering services aside from investment advisory services to its customers.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Find a firm that offers this service
Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Find a firm that offers this service
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Offered by 3% of firms
Publication of Periodicals
This is the publication of various financial education materials.
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Offered by 6% of firms
Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
A financial advisor's fees largely vary depending on which services the firm provides the client. Fees charged by H.M. Payson likely include the following fee types: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by H.M. Payson.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 32% of firms
Fixed
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The firm does business with a broad range of clients. The company caters to retail investors, high net worth investors, investment companies, pension plans, charitable organizations and corporations. Out of its 3,724 accounts, H.M. Payson's largest client by number of accounts is retail investors, but it also caters to 583 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its accounts are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 15.66%
- Other Individuals - 76.48%
- Corporations - 2.93%
- Charitable Organizations - 4.94%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Financial Advisors at H.M. Payson
Portland, ME
Portland, ME
Portland, ME
Portland, ME
Portland, ME
Portland, ME
Portland, ME
Portland, ME
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