Wealth manager, independent · Bangor, ME
Means Wealth Management
Means Investment Co., Inc. · SEC-registered investment adviser · CRD 2748 · SEC 801-80992
At a glance
Means Wealth Management is an SEC-registered investment adviser based in Bangor, Maine, with $1.6B in regulatory assets under management as of its Form ADV filed September 14, 2026. It reports 1,302 individual clients, 394 of them high-net-worth, holding an average of about $1.1 million each, and 24 employees. That ranks it 678th among the nation’s 5,657 independent wealth management RIAs and 3rd of 20 in Maine. It reports Fidelity as the custodian for its clients’ separately managed accounts.
Main office 207-947-6763meanswealth.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.6B
- Rank among independent wealth managers
- #678 of 5,657
- Rank among all SEC RIAs
- #4,122 of 17,210
- Rank in Maine
- #3 of 20
- Individual clients
- 1,302
- High-net-worth clients
- 394
- Accounts
- 3,520
- Discretionary
- 89% of AUM
- Employees
- 24
- Advisory staff
- 15
- Offices
- 6
Owners and executives on its Form ADV
- Paul B. MeansChairman
- Zachary P. MeansPresident
- Erin L. BarryChief Executive Officer
- Dawn A. HatchChief Compliance Officer & Director of Finance and Administration
Custody and brokerage
Broker-dealer
No broker-dealer ties
Means Wealth Management 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 | 394 | $1.1B | 68% |
| Individuals | 908 | $321M | 20% |
| Pension and profit sharing plans | 20 | $108M | 7% |
| Charitable organizations | 16 | $43M | 3% |
| Corporations or other businesses | 34 | $31M | 2% |
| State or municipal government entities | 3 | $1M | <1% |
Private funds
Means Wealth Management reports 1 private funds with $8M in gross assets: other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Means Wealth Management 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 pooled investment vehicles
- Pension consulting
- Periodicals or newsletters
- Educational seminars and workshops
- Other services
How it’s paid
- A percentage of assets under management
- Hourly charges
- Other
Form ADV and brochures on the SEC’s adviser search ↗meanswealth.com ↗
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- 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 2,418 peers of its type and size
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- 4 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 |
|---|---|---|
| H.M. PaysonPortland | $9.1B | 3,961 |
| R M Davis IncPortland | $8.2B | 2,342 |
| Portland Global Advisors LLCPortland | $1.2B | 300 |
Background
Questions
How much does Means Wealth Management manage?
Means Wealth Management reports $1.6B in regulatory assets under management across 3,520 accounts, 89% of it on a discretionary basis, on its Form ADV filed September 14, 2026.
How many clients does Means Wealth Management have?
It reports 1,302 individual clients: 394 high-net-worth individuals and 908 other individuals. Individuals account for about 89% of its regulatory assets.
Where is Means Wealth Management headquartered?
Its main office is in Bangor, Maine. It reports 6 offices in total and 24 employees, 15 of whom perform investment advisory functions.
How does Means Wealth Management charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; other. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Means Wealth Management use?
It reports Fidelity as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed September 14, 2026, it reports these amounts held: Fidelity ($1.5B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Means Wealth Management a hybrid RIA with a broker-dealer?
Means Wealth Management reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Means Wealth Management a fiduciary?
As an SEC-registered investment adviser, Means Wealth Management 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 Means Wealth Management’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 (2026-09-14), 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 →