H. M. Payson & Co. provides financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutions, pension consulting, publishing newsletters, and educational seminars. Financial planning was provided to 51–100 clients last fiscal year. The firm advises 1 private fund.
H. M. Payson & Co. reports 4,308 clients. They include 3,051 individual clients, 910 high-net-worth individuals and 179 charitable organizations. Of its assets, 94.3% ($8.57B across 4,155 accounts) are managed with discretion; $516M across 153 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 71% | 19% |
| High-net-worth individuals | 21% | 58% |
| Investment companies | <1% | 4% |
| Pension and profit-sharing plans | 2% | 3% |
| Charitable organizations | 4% | 8% |
| Other client typesCorporations and other businesses | 2% | 9% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 3,051 | $1.74B | 19.1% | $569K |
| High-net-worth individuals | 910 | $5.31B | 58.4% | $5.83M |
| Investment companies | 1 | $321M | 3.5% | $321M |
| Pension and profit-sharing plans | 71 | $229M | 2.5% | $3.22M |
| Charitable organizations | 179 | $702M | 7.7% | $3.92M |
| Corporations and other businesses | 96 | $795M | 8.7% | $8.28M |
| Total | 4,308 | $9.09B | 100% | $2.11M |
- Clients
- 3,051
- Regulatory AUM
- $1.74B
- AUM share
- 19.1%
- Avg. per client
- $569K
- Clients
- 910
- Regulatory AUM
- $5.31B
- AUM share
- 58.4%
- Avg. per client
- $5.83M
- Clients
- 1
- Regulatory AUM
- $321M
- AUM share
- 3.5%
- Avg. per client
- $321M
- Clients
- 71
- Regulatory AUM
- $229M
- AUM share
- 2.5%
- Avg. per client
- $3.22M
- Clients
- 179
- Regulatory AUM
- $702M
- AUM share
- 7.7%
- Avg. per client
- $3.92M
- Clients
- 96
- Regulatory AUM
- $795M
- AUM share
- 8.7%
- Avg. per client
- $8.28M
Total
- Clients
- 4,308
- Regulatory AUM
- $9.09B
- AUM share
- 100%
- Avg. per client
- $2.11M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 1
- Financial planning clients last fiscal year
- 51–100
H. M. Payson & Co. charges 0.40%–1.00% a year for its Investment management. Each asset band is charged at its own rate. The fee is billed in arrears and has a $10,000 annual minimum. The brochure also prices 3 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$1M | 1.00% |
| $1M–$5M | 0.60% |
| $5M and above | 0.40% |
Fee details and sources
Other fees
- Full wealth management review
- A full wealth management review costs $5,000 for the initial review and plan and $1,000 for annual updates; fees may be waived.
- Payson Choice
- Payson Choice, for clients with under $1,000,000, charges 1.00% of market value annually, assessed monthly in arrears.
- Trust accounts
- Where the firm is trustee, inclusive trust and management fees are 1.30% on the first $1,000,000, 0.80% to $5,000,000 and 0.50% above.
Peter Robbins is CEO; the leadership team includes President Michael Currie and Chief Compliance Officer Derek Blackburn. It has 34 employees, 29 of them in advisory roles.
Staff
- 34 employees
- 29 in advisory functions
- 15 state-registered reps
- Owns 10% to 25% of H. M. Payson & Co.
Peter Robbins
Control person · since July 1993
- Owns 10% to 25% of H. M. Payson & Co.
Thomas Pierce
Control person · since January 2015
- Owns 10% to 25% of H. M. Payson & Co.
Michael Currie
Control person · since April 1998
- Owns 10% to 25% of H. M. Payson & Co.
John Beliveau
Control person · since January 2015
- Owns 10% to 25% of H. M. Payson & Co.
Daniel Lay
Control person · since January 2015
- Owns 5% to 10% of H. M. Payson & Co.
William Weickert
Control person · since January 2000
H. M. Payson & Co.’s regulatory assets grew 1.8× from $5.19B (March 2021) to $9.09B (March 2026); clients rose from 3,166 to 4,308 and employees from 27 to 34.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $9.09B | 4,308 | 34 | 3 |
| Mar 2025March 2025 | $8.13B | 4,190 | 36 | 3 |
| Mar 2024March 2024 | $6.96B | 4,017 | 33 | 3 |
| Mar 2023March 2023 | $6.18B | 3,724 | 32 | 3 |
| Mar 2022March 2022 | $6.75B | 3,376 | 32 | 3 |
| Mar 2021March 2021 | $5.19B | 3,166 | 27 | 2 |
Besides its headquarters, H. M. Payson & Co. has 2 offices, with 3 listed addresses in 1 state.
Maine · 3 listed addresses
- One City Center, Ste 211, PortlandHQ
- 181 Park Row, Brunswick
- 10 Bristol RD, Damariscotta
Contact and registration details
- Legal name
- H. M. Payson & Co.
- Headquarters
- One City Center, Ste 211, Portland, ME 04101
- Website
- hmpayson.com
- Phone
- 207-772-3761
- SEC file
- 801-3901
- Structure
- Maine corporation
- Fiscal year end
- December
H. M. Payson & Co. has custody of $5.48B for 2,124 clients.
What the accounts hold
- Cash1%
- Other99%
- Us equties - advisor to a 1940 act mutual fund99%
How many clients does H. M. Payson & Co. have?
H. M. Payson & Co. has 4,308 clients and manages $9.09 billion for them, as of March 2026. They include 3,051 individual clients, 910 high-net-worth individuals and 179 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does H. M. Payson & Co. offer?
H. M. Payson & Co. provides financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutions, pension consulting, publishing newsletters, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does H. M. Payson & Co. charge?
H. M. Payson & Co. charges 0.40%–1.00% a year for its Investment management. Each asset band is charged at its own rate. The fee is billed in arrears and has a $10,000 annual minimum.
How many financial advisors does H. M. Payson & Co. have?
H. M. Payson & Co. has 15 investment adviser representatives registered with state securities authorities, out of 34 employees, and 29 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does H. M. Payson & Co. invest in?
At the end of its last fiscal year, H. M. Payson & Co.’s separately managed accounts held 99% other and 1% cash and equivalents. The 99% other category is described as: US Equties - Advisor to A 1940 Act Mutual Fund. It advises 1 private fund.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns H. M. Payson & Co.?
H. M. Payson & Co.’s direct owners are Peter Robbins, Thomas Pierce, Michael Currie, William Weickert, John Beliveau and Daniel Lay, each holding 25% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does H. M. Payson & Co. get paid?
H. M. Payson & Co. is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact H. M. Payson & Co.?
H. M. Payson & Co.’s main office is at One City Center, Ste 211, Portland, ME 04101. Its phone number is 207-772-3761. Its website is hmpayson.com.
