Wealth manager, independent · Portland, ME
H.M. Payson
H. M. Payson & Co. · SEC-registered investment adviser · CRD 2993 · SEC 801-3901
At a glance
H.M. Payson is an SEC-registered investment adviser based in Portland, Maine, with $9.1B in regulatory assets under management as of its Form ADV filed March 31, 2026. It reports 3,961 individual clients, 910 of them high-net-worth, holding an average of about $1.8 million each, and 34 employees. That ranks it 113th among the nation’s 5,657 independent wealth management RIAs and 1st of 20 in Maine.
Main office 207-772-3761hmpayson.comAs filed on Form ADV
- Regulatory AUM
- $9.1B
- Rank among independent wealth managers
- #113 of 5,657
- Rank among all SEC RIAs
- #1,460 of 17,210
- Rank in Maine
- #1 of 20
- Individual clients
- 3,961
- High-net-worth clients
- 910
- Accounts
- 4,308
- Discretionary
- 94% of AUM
- Employees
- 34
- Advisory staff
- 29
- Offices
- 3
Owners and executives on its Form ADV
- Peter E. RobbinsManaging Director, Chief Executive Officer, Chief Investment Officer & Board Member
- Thomas M. PierceManaging Director
- Michael R. CurrieManaging Director, President & Board Member
- David R. HinesManaging Director & Director of Research
- William N. WeickertManaging Director
- John S. BeliveauManaging Director, Board Member
- Joel Shorey HarrisManaging Director
- Daniel M. LayManaging Director, Board Member
- Derek R. BlackburnChief Compliance Officer, Managing Director
- Margaret C ReinfriedManaging Director, Board Member
Custody and brokerage
Custodian
H.M. Payson’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.
Broker-dealer
No broker-dealer ties
H.M. Payson reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 910 | $5.3B | 58% |
| Individuals | 3,051 | $1.7B | 19% |
| Corporations or other businesses | 96 | $795M | 9% |
| Charitable organizations | 179 | $702M | 8% |
| Investment companies | 1 | $321M | 4% |
| Pension and profit sharing plans | 71 | $229M | 3% |
Private funds
H.M. Payson reports 1 private funds with $38M in gross assets: private equity funds (Form ADV Item 7.B).
Disciplinary disclosures
H.M. Payson reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for investment companies
- Portfolio management for businesses and institutions
- Pension consulting
- Periodicals or newsletters
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗hmpayson.com ↗
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The full record on H.M. Payson
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 442 peers of its type and size
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- Owners and executives, with titles and stakes
- 10 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Maine
All of Maine →| Firm | Regulatory AUM | Clients |
|---|---|---|
| R M Davis IncPortland | $8.2B | 2,342 |
| Means Wealth ManagementBangor | $1.6B | 1,302 |
| Portland Global Advisors LLCPortland | $1.2B | 300 |
Background
Questions
How much does H.M. Payson manage?
H.M. Payson reports $9.1B in regulatory assets under management across 4,308 accounts, 94% of it on a discretionary basis, on its Form ADV filed March 31, 2026.
How many clients does H.M. Payson have?
It reports 3,961 individual clients: 910 high-net-worth individuals and 3,051 other individuals. Individuals account for about 77% of its regulatory assets.
Where is H.M. Payson headquartered?
Its main office is in Portland, Maine. It reports 3 offices in total and 34 employees, 29 of whom perform investment advisory functions.
How does H.M. Payson charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
Is H.M. Payson a hybrid RIA with a broker-dealer?
H.M. Payson reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is H.M. Payson a fiduciary?
As an SEC-registered investment adviser, H.M. Payson owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is H.M. Payson’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-31), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →