10 Best Financial Advisors in Maine (for 2019)

Author image

Ryan Friend

September 28, 2019  •  6 min read

The state of Maine is known for its beautiful beaches, lush green forests, and breathtaking national parks. However, Maine, being close to Boston and home to its own thriving economic centers, such as Portland and Bangor, is a lot more than just a vacation destination. In fact, it’s home to many successful individuals and businesses.

Because of its pristine natural beauty and dynamic economy, it’s normal for you to want to continue to call Maine home for the rest of your life. But for this to happen, it’s important you start taking steps to secure your wealth for the years to come, which makes hiring a financial advisor a necessary step.

Throughout the state of Maine, you can find a number of qualified financial advisors who are ready and willing to help you build a financial plan that will keep you safe and secure. However, because this personal finance decision is such an important one, it’s critical you have as much information as possible, which is why we’ve researched the many different advisors across the state and created a list of the best five.

Editor’s Note: Complete the advisor quiz below to get matched with the best advisor for you:

[gravityform id=”6″ title=”true” description=”true”]

Here are our choices:

R.M. Davis Inc.

Managing more than $4 billion worth of assets, Portland-based R.M. Davis Inc. is one of the largest financial advisors in the state of Maine. However, if you would like to work with R.M. Davis, you must possess assets that value at least $300,000.

R.M. Davis does not just consider themselves to be just financial plannerswealth advisors, and investment managers. Instead, they see themselves to be master problem solvers who will help you solve some of the largest problems in your life and set you up for long-term success. They have many experts on staff, including those that can help with tax planningcertified financial planners (CFPs), chartered financial analysts (CFAs), and other investment advisors.

The company believes in an integrated approach to financial planning and your advisor will work with your attorneys and accountants to give you a comprehensive financial plan to grow your net worth over time.

You can expect the following working with R.M. Davis Inc.

  • Full-service financial planning including investing, financial counsel, trustee services, and personal affairs management
  • A strong focus on long-term trends
  • Financial plans that are customized according to your individual objectives and risk parameters
  • Other financial planning services including retirement planning (including social security considerations), estate planning, and asset management

H. M. Payson

With over $3.5 billion in assets under managementH.M. Payson, also based out of Portland, is another financial planning firm in the great state of Maine. However, despite the fact that H.M. Payson manages billions of dollars’ worth of assets, the company has no minimum asset requirement for new clients to receive financial services, making it a rather accessible firm and an ideal choice for those who do not have a high net worth.

The investment philosophy at H.M. Payson is designed to withstand emotional reactions to major market moves. The company bases its investments on sound fundamentals, and “responds” to large market moves rather than “reacts” to them. This company is over 150 years old and has crafted its asset allocation strategy over time. Furthermore, it constantly seeks out undervalued and overlooked securities (and even mutual funds) that will allow you to grow your wealth in a safe and secure manner.

You can expect the following if you work with H.M. Payson:

  • Highly-experienced professionals who will help you minimize losses and even potentially profit during market crashes
  • A team approach to investing, providing investment advice, and money management that involves multiple people working on your account
  • Excellent trustee services, should you need them

Vigilant Capital Management LLC

Also located in Portland, Vigilant Capital Management LLC has over $1 billion in assets under management and no account minimum. They work with clients of all different backgrounds, and their top priority is always helping you achieve your financial goals via excellent financial advice.

This company has a progressive investing model that is highly tailored to the individual needs of each client. It is also independent, which protects you from any potential conflicts of interest that can arise when a firm receives commissions on the investment products it sells.

Vigilant Capital considers itself to be their clients’ personal CFO, and they work hard to set their clients up for multi-generational wealth accumulation and preservation.

You can expect the following from Vigilant Capital Management:

  • Complete transparency in all client relations
  • A strong focus on effective communication with their clients
  • A global investment strategy that involves investing in the markets of many different countries.

Old Port Advisors

Yet another Portland firm, Old Port Advisors manages over $716 million worth of assets. To open an account, though, you must have at least $100,000 in investible assets. The company provides financial planningportfolio management, and pension-consulting services, and it has a selection of other advisors to help you navigate your financial life.

Old Port Advisors believes people deserve to enjoy life both today and tomorrow. That is why they work hard to establish a relationship of trust with their clients in order to help them grow their wealth over the long-term. They want their clients to achieve their financial dreams while also still enjoying themselves in the meantime.

Because of this, your advisors at Old Port will take the time to sit down with you and learn about your family, your profession, your hopes, and your dreams. They want to get the complete picture so they can serve you best.

You can expect the following while working with Old Port Advisors:

  • A hands-on approach designed to get you to relax and let your advisor do all the thinking.
  • A “steadfast focus on long-term growth.”
  • An intelligent, research-based investment management approach


Another one of the best wealth management firms in MaineHeadInvest has over $568 million in assets under management. However, there is a minimum asset requirement of $500,000 for clients who would like to have their assets managed by HeadInvest.

HeadInvest is the chosen financial advisor for over 300 high-net-worth individuals and 30 different institutions. They are a fee-only financial advisor, and as such, only focus on offering objective advice, not products. So, there are no conflicts of interest with this firm.

You can expect the following when working with HeadInvest:

  • A heavy focus on historical perspective and market knowledge for investing strategy
  • The building of a portfolio with attractively-priced, financially-strong companies
  • Equal treatment of all managed accounts

Editor’s Note: Complete the advisor quiz below to get matched with the best advisor for you:

[gravityform id=”6″ title=”true” description=”true”]


Choosing the right financial advisor can be a challenging process. After all, you are trusting a company to manage the wealth you have worked so hard for, or which you have inherited from a loved one. However, all five of these companies have stellar reputations.

By working with one of them, you could significantly expand your net worth and secure a better future for yourself and for your loved ones. You should choose the company that you believe best represents your financial values and which resonates the most with you. However, you can’t really go wrong with any of these companies, and all will work in your best interest, so consider giving one a call today and granting yourself some peace of mind.