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Find the Best Financial Advisors in Maine

A densely populated state like Maine has different types of experienced & certified financial advisors such as fiduciary financial advisors and fee only financial planners making it challenging for you to choose the one that may perfectly meet your financial situation and needs. WiserAdvisor has pre-qualified and selected some of the top qualified financial advisors, independent certified financial planners, financial advisory firms & associations in Maine and has listed them below with their details such as qualifications, service offerings, and other important information that you could use while searching for financial advisors to best suit your financial and investment goals. Please note that the list of financial advisors mentioned below does not include all vetted advisors as some have not been listed as per their request. They may be available when you use our free match tool to compare up-to 3 financial advisors if they match your specific requirements and preferences.

Finding the Top Financial Advisor in Maine

Last Updated - February 16, 2024

Each and every financial advisor in our network from large Fortune 500 companies to small independent financial firms are pre-screened for industry experience, disclosures and registrations with SEC and FINRA. Collectively, our Pre-Screened advisors, serve thousands of happy clients, managing billions of dollars and providing financial freedom and security for families and individuals like you.

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Top Financial Advisor Firms in Maine (Ranked by AUM)

Firm Name No. of Advisors No. of Clients AUM Fee Structure
H.M. PAYSON
One Portland Square, 5th Floor, Portland, ME 4101
32 3724 $6,182,778,190
A Percentage of AUM, Fixed Fees
R M DAVIS INC
24 City Center, Portland, ME 04101-4069
55 5599 $5,757,647,950
A Percentage of AUM, Hourly charges, Fixed Fees
GREENBACKER CAPITAL MANAGEMENT LLC
30 Danforth Street, Suite 206, Portland, ME 4101
200 7 $3,050,000,000
A Percentage of AUM, Performance Based
HEADINVEST
7 Custom House St, 4th Floor, Portland, ME 04101-4194
15 1085 $829,561,294
A Percentage of AUM, Hourly charges, Fixed Fees
PORTLAND GLOBAL ADVISORS LLC
217 Commercial St, Suite 400, Portland, ME 4101
10 754 $757,108,671
A Percentage of AUM, Fixed Fees
MEANS WEALTH MANAGEMENT
802 Stillwater Ave., Bangor, ME 04401-3614
19 2817 $743,799,162
A Percentage of AUM, Hourly charges, Other (PROVIDE GENERAL INVESTMENT ADVICE FOR A NEGOTIATED FEE)
OLD PORT ADVISORS
130 Middle Street, 2nd Floor, Portland, ME 04101-7104
13 2213 $651,018,800
A Percentage of AUM, Hourly charges, Fixed Fees
GREAT DIAMOND PARTNERS, LLC
22 Monument Square, Suite 300, Portland, ME 4101
9 1475 $540,784,152
A Percentage of AUM, Hourly charges, Fixed Fees
BIGELOW INVESTMENT ADVISORS, LLC
4 Moulton Street, Portland, ME 4101
8 844 $403,705,773
A Percentage of AUM, Hourly charges, Fixed Fees
HARPSWELL CAPITAL ADVISORS, LLC
41 Campus Drive, Suite 203, New Gloucester, ME 4260
6 131 $401,473,053
A Percentage of AUM
ARIES WEALTH MANAGEMENT, LLC
70 Center Street, 2nd Floor, Portland, ME 4101
5 486 $361,459,970
A Percentage of AUM
PENOBSCOT FINANCIAL ADVISORS
One Monument Square, Suite 501, Portland, ME 4101
11 2053 $330,567,172
A Percentage of AUM, Hourly charges, Fixed Fees
COSTON, MCISAAC & SHEA FINANCIAL ADVISORS
38 Rodick Street-Suite B, Bar Harbor, ME 04609-1806
10 1301 $292,006,042
A Percentage of AUM, Fixed Fees
ROBINSON SMITH WEALTH ADVISORS, LLC
2 Monument Square, Suite 501, Portland, ME 4101
7 782 $288,544,299
A Percentage of AUM, Fixed Fees
VANCEGRAY WEALTH MANAGEMENT, INC.
128 Broadway, Bangor, ME 4401
11 1883 $252,609,305
A Percentage of AUM, Hourly charges, Fixed Fees

    Frequently Asked Questions

    To find a reputable financial advisor in Maine, you can start by asking for referrals from friends and family members who have worked with financial advisors in the past. You can also research financial advisors online using respected regulatory organizations like FINRA and the SEC, and look for credentials such as the Certified Financial Planner (CFP) designation. For a convenient and reliable option, we recommend using the free financial advisor match tool that helps you connect with pre-screened and vetted advisors specifically matched to your financial goals.

    When evaluating the qualifications of financial advisors in Maine, it is important to look for someone who is licensed and registered with the Securities and Exchange Commission (SEC) or the Financial Industry Regulatory Authority (FINRA). You may also want to consider their educational background, years of experience, and any relevant certifications, like Certified Financial Planners (CFP), Chartered Financial Analysts (CFA), Chartered Financial Consultants (ChFC), etc. To further explore the various credentials an advisor can hold, read more about advisor designations.

    Financial advisors in Maine may offer a range of services, such as investment management, retirement planning, wealth management, estate planning, and more. Some advisors may specialize in one area, while others may offer multiple financial services. By clicking on the "View full profile" button of any vetted financial advisor in our Maine directory, you can access detailed information about an advisor's services, fees, credentials, and more. In the "Advisory Services Provided" section, you will be able to confirm what specific services are offered by an advisor.

    A financial advisor in Maine can help you plan for retirement by assessing your current financial situation, determining your retirement goals, and creating a personalized retirement plan. They may consider factors like your desired retirement age, lifestyle expectations, and risk tolerance to determine the savings needed. Advisors can also help select suitable retirement accounts like IRAs, 401(k)s, etc., guide investment decisions, analyze Social Security benefits, and provide the guidance you need for a successful retirement. If you are seeking to learn more about how a financial advisor can help you secure your financial future in retirement, learn more about why you should hire a retirement advisor.

    Financial advisors in Maine can be compensated through fees, commissions, or a mix of both. Fee-only advisors charge fees solely for their services and don't earn commissions from product sales. Fee-based advisors may follow a hybrid model, combining commissions and fees. Commission-based advisors earn their income solely by selling financial products and receive a percentage of the sale. To learn more about financial advisor fees and the factors affecting them, explore the costs of hiring a financial advisor.

    How often you should meet with your financial advisor in Maine may depend on your specific financial situation and goals. For complex finances, you may need to meet with your financial advisor weekly or monthly, while for those with regular income and simpler investments, quarterly or annual meetings may be enough. Your advisor can assist in determining the suitable meeting frequency based on your circumstances. Read on to learn more about how often you should meet with your advisor.

    Yes, there are financial advisors in Maine who provide financial guidance for small businesses and are familiar with the unique regulations and incentives for small business owners in the state. These advisors can provide tailored guidance and strategies to help small business owners navigate complex tax laws, take advantage of available incentives, and optimize their financial operations to achieve their business goals. To further explore how financial advisors listed on our directory for the state of Maine can support you, read on about if you need a financial advisor as a small business owner.

    During the initial consultation with a potential financial advisor in Maine, it's recommended to ask them about their experience, areas of expertise, investment philosophy, fee and compensation methods, and their approach to financial planning. You should also ask about their fiduciary duty, which means they are legally and ethically bound to act in your best interests. It's important to choose an advisor who communicates clearly and transparently and whose values align with your own. To further understand if a financial advisor is best suited to your financial needs, consider using the following 10 key questions you should ask your financial advisor.

    Yes, a financial advisor in Maine can assist with philanthropic planning and charitable giving. They can help you develop a philanthropic strategy that aligns with your values and financial goals, as well as provide guidance on charitable giving options, such as establishing a donor-advised fund or creating a charitable trust. They can also help you incorporate charitable planning into your overall financial plan and provide guidance on selecting the right charities to support. To learn more about how an advisor can assist you, read more about charitable planning strategies.

    Yes, reading reviews or testimonials from other clients who have worked with a financial advisor in Maine can be helpful when choosing a financial advisor best suited for your goals. You may also want to consider your specific financial needs, conduct thorough background checks, look for relevant credentials, and research advisor's fee structures. By following these steps, you can make a more informed choice when selecting a financial advisor who meets your specific needs and demonstrates the necessary credentials and ethical standards. For more information, refer to this guide on choosing the best financial advisor in Maine.

    Many financial planners and wealth managers in Maine are also tax professionals or work closely with tax professionals to help clients with tax planning and preparation. These professionals can help you minimize your taxes by analyzing your current tax situation, identifying tax-saving strategies, and recommending tax-efficient investment options. However, WiserAdvisor's directory may not include advisors that specialize in taxes. In the "Advisory Services Provided" section, you will be able to confirm if tax advice and tax preparation services are among the services they offer.

    To check if a financial advisor in Maine has any disciplinary actions or complaints filed against them, you can use the Financial Industry Regulatory Authority's (FINRA) BrokerCheck tool. This tool enables individuals to complete a thorough background check on financial professionals like brokers, brokerage firms, financial advisors, investment advisors, advising firms, etc. The detailed information provided through BrokerCheck includes their employment history, certifications, licenses, and active or past violations within the last ten years so that you can make an informed decision while hiring an advisor. We recommend using this guide to learn how to use BrokerCheck to evaluate a financial advisor's credentials.

    When choosing a financial advisor in Maine, it's important to consider key factors including an advisor's qualifications, experience, and method of compensation. Additionally, it's important to consider their investment philosophy, approach to financial management, and whether a financial advisor is bound to act in your best interests. To ensure you are making an informed decision and choosing the right financial advisor to manage your finances, we recommend our guide on the 5 things to consider when hiring a financial advisor.