Wealth manager, independent · Montpelier, VT
Maple Capital Management, Inc.
SEC-registered investment adviser · CRD 130209 · SEC 801-62783
At a glance
Maple Capital Management, Inc. is an SEC-registered investment adviser based in Montpelier, Vermont, with $2.6B in regulatory assets under management as of its Form ADV filed August 5, 2026. It reports 1,563 individual clients, 654 of them high-net-worth, holding an average of about $1.5 million each, and 27 employees. That ranks it 434th among the nation’s 5,657 independent wealth management RIAs and 2nd of 21 in Vermont. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 802-229-2838maplecapital.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $2.6B
- Rank among independent wealth managers
- #434 of 5,657
- Rank among all SEC RIAs
- #3,109 of 17,210
- Rank in Vermont
- #2 of 21
- Individual clients
- 1,563
- High-net-worth clients
- 654
- Accounts
- 3,579
- Discretionary
- 100% of AUM
- Employees
- 27
- Advisory staff
- 27
- Offices
- 2
Owners and executives on its Form ADV
- Ramsey A LuhrPresident / Shareholder
- Elizabeth S. LewisPortfolio Management Team Lead / Shareholder
- Hilary T. RoperResearch Analyst / Shareholder
- Courtright T. BeardOperations Manager / Shareholder
- Thomas W. RawlingsChief Operating Officer / Chief Compliance Officer
- Richard J. LitchfieldSR. VP & Fixed Income Portfolio Manager
Custody and brokerage
Broker-dealer
No broker-dealer ties
Maple Capital Management, Inc. 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 | 654 | $1.9B | 74% |
| Individuals | 909 | $471M | 18% |
| Corporations or other businesses | 18 | $119M | 5% |
| Charitable organizations | 11 | $56M | 2% |
| Insurance companies | 4 | $30M | 1% |
| State or municipal government entities | 1 | $1M | <1% |
Disciplinary disclosures
Maple Capital Management, Inc. 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 businesses and institutions
- Pension consulting
- Selecting other advisers
How it’s paid
- A percentage of assets under management
Form ADV and brochures on the SEC’s adviser search ↗maplecapital.com ↗
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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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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Vermont
All of Vermont →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Manchester Capital Management LLCManchester | $2.8B | 211 |
| Pathway Financial Advisors, LLCSouth Burlington | $1.6B | 253 |
| One DAY in July LLCBurlington | $1.4B | 1,351 |
| Hanson & Doremus Investment ManagementBurlington | $1.1B | 584 |
Background
Questions
How much does Maple Capital Management, Inc. manage?
Maple Capital Management, Inc. reports $2.6B in regulatory assets under management across 3,579 accounts, 100% of it on a discretionary basis, on its Form ADV filed August 5, 2026.
How many clients does Maple Capital Management, Inc. have?
It reports 1,563 individual clients: 654 high-net-worth individuals and 909 other individuals. Individuals account for about 92% of its regulatory assets.
Where is Maple Capital Management, Inc. headquartered?
Its main office is in Montpelier, Vermont. It reports 2 offices in total and 27 employees, 27 of whom perform investment advisory functions.
How does Maple Capital Management, Inc. charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Maple Capital Management, Inc. use?
It reports Charles Schwab as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed August 5, 2026, it reports these amounts held: Charles Schwab ($2.5B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Maple Capital Management, Inc. a hybrid RIA with a broker-dealer?
Maple Capital Management, Inc. reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Maple Capital Management, Inc. a fiduciary?
As an SEC-registered investment adviser, Maple Capital Management, Inc. 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 Maple Capital Management, Inc.’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 (2026-08-05), 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 →