{"url":"https://nivawealth.com/firms/h-m-payson-and-co-2993","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/2993","regulatoryAum":9089039931,"crd":"2993","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6254486","suffix":null,"lastName":"DAVIS","firstName":"ROBERT","middleName":"MCINTIRE"}],"total":1,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-31","regulatoryAum":5186371052,"clients":3166,"employees":27,"offices":2},{"filedOn":"2022-03-31","regulatoryAum":6751331883,"clients":3376,"employees":32,"offices":3},{"filedOn":"2023-03-29","regulatoryAum":6182778190,"clients":3724,"employees":32,"offices":3},{"filedOn":"2024-03-29","regulatoryAum":6955171652,"clients":4017,"employees":33,"offices":3},{"filedOn":"2025-03-28","regulatoryAum":8129599283,"clients":4190,"employees":36,"offices":3},{"filedOn":"2026-03-31","regulatoryAum":9089039931,"clients":4308,"employees":34,"offices":3}],"secFileNumber":"801-3901","legalName":"H. M. Payson & Co.","displayName":"H. M. Payson & Co.","slug":"h-m-payson-and-co-2993","website":"https://hmpayson.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Maine corporation","fiscalYearEnd":"December","headquarters":{"street":"One City Center, Ste 211","city":"Portland","state":"ME","stateName":"Maine","country":"United States","postalCode":"04101"},"tradeNames":[],"registration":{"secApproved":"15 January 1966","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1777937.377429942,"staff":{"employees":34,"advisory":29,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":9089039931,"discretionary":8572706365,"discretionaryAccounts":4155,"nonDiscretionary":516333566,"nonDiscretionaryAccounts":153,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":3051,"regulatoryAum":1736515096},{"label":"High-net-worth individuals","clients":910,"regulatoryAum":5305894856},{"label":"Investment companies","clients":1,"regulatoryAum":321213099},{"label":"Pension and profit-sharing plans","clients":71,"regulatoryAum":228796654},{"label":"Charitable organizations","clients":179,"regulatoryAum":701521976},{"label":"Corporations and other businesses","clients":96,"regulatoryAum":795098250}],"feePrograms":[{"role":"main","program":"Investment management","feeBasis":"marginal","fee_tiers":[{"to":1000000,"pct":1,"from":0},{"to":5000000,"pct":0.6,"from":1000000},{"to":null,"pct":0.4,"from":5000000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1035929","versionId":1035929,"ratePeriod":"annual","fee_billing":"arrears","submittedOn":"2026-03-31","documentName":"ADV PART 2 3.31.26","fee_rate_low":0.4,"fee_rate_high":1,"fee_negotiable":null,"minimum_account":null,"feeMinimumPeriod":"annual","fee_minimum_annual":10000},{"role":"other","program":"Full wealth management review","summary":"A full wealth management review costs $5,000 for the initial review and plan and $1,000 for annual updates; fees may be waived.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1035929","versionId":1035929,"submittedOn":"2026-03-31","documentName":"ADV PART 2 3.31.26"},{"role":"other","program":"Payson Choice","summary":"Payson Choice, for clients with under $1,000,000, charges 1.00% of market value annually, assessed monthly in arrears.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1035929","versionId":1035929,"submittedOn":"2026-03-31","documentName":"ADV PART 2 3.31.26"},{"role":"other","program":"Trust accounts","summary":"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.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1035929","versionId":1035929,"submittedOn":"2026-03-31","documentName":"ADV PART 2 3.31.26"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T03:29:52.649788+00:00","documents":[{"name":"ADV PART 2 3.31.26","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1035929","versionId":1035929,"submittedOn":"2026-03-31"}]},"custodians":[],"custodyNote":"H. M. Payson & Co. has custody of $5.48B for 2,124 clients.","otherCustodians":[],"leadership":[{"name":"Peter Robbins","title":"Managing Director, Chief Executive Officer, Chief Investment Officer & Board Member","crd":"1022085"},{"name":"Michael Currie","title":"Managing Director, President & Board Member","crd":"2880899"},{"name":"Derek Blackburn","title":"Chief Compliance Officer, Managing","crd":"4281805"},{"name":"John Beliveau","title":"Managing Director, Board Member","crd":"2044870"},{"name":"Joel Shorey Harris","title":"Managing Director","crd":"1028770"},{"name":"David Hines","title":"Managing Director & Director of Research","crd":"4711307"},{"name":"Daniel Lay","title":"Managing Director, Board Member","crd":"1263172"},{"name":"Thomas Pierce","title":"Managing Director","crd":"819198"},{"name":"Margaret Reinfried","title":"Managing Director, Board Member","crd":"6233867"},{"name":"William Weickert","title":"Managing Director","crd":"1046321"}],"ownership":[{"label":"Peter Robbins","detail":"Managing director, chief executive officer, chief investment officer & board member in the 10% to 25% ownership band and a control person, since July 1993."},{"label":"Thomas Pierce","detail":"Managing director in the 10% to 25% ownership band and a control person, since January 2015."},{"label":"Michael Currie","detail":"Managing director, president & board member in the 10% to 25% ownership band and a control person, since April 1998."},{"label":"William Weickert","detail":"Managing director in the 5% to 10% ownership band and a control person, since January 2000."},{"label":"John Beliveau","detail":"Managing director, board member in the 10% to 25% ownership band and a control person, since January 2015."},{"label":"Daniel Lay","detail":"Managing director, board member in the 10% to 25% ownership band and a control person, since January 2015."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":2,"privateResidences":0},"listedOfficeAddresses":3,"foreignOffices":[],"officesByState":[{"state":"Maine","offices":3,"addresses":[{"street":"One City Center, Ste 211","city":"Portland","headquarters":true},{"street":"181 Park Row","city":"Brunswick"},{"street":"10 Bristol RD","city":"Damariscotta"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"207-772-3761","stateRegisteredReps":15,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for investment companies","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Publication of periodicals or newsletters","Educational seminars/workshops"],"financialPlanningClients":"51-100","assetMix":[{"label":"Cash and cash equivalents","percent":1},{"label":"Other","percent":99,"detail":"US Equties - Advisor to A 1940 Act Mutual Fund"}],"privateFunds":1},"sources":{"adv1FilingDate":"31 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/2993/PDF/2993.pdf","brochureDate":"31 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1035929","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does H. M. Payson & Co. have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does H. M. Payson & Co. offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does H. M. Payson & Co. charge?","answer":"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.","source":"ADV PART 2 3.31.26, filed 31 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"How many financial advisors does H. M. Payson & Co. have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does H. M. Payson & Co. invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns H. M. Payson & Co.?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does H. M. Payson & Co. get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact H. M. Payson & Co.?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}