Maple Capital Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, estate planning, and tax planning. Financial planning was provided to 51–100 clients last fiscal year.
Maple Capital Management reports 1,597 clients. They include 909 individual clients, 654 high-net-worth individuals, and 18 corporations and other businesses. Of its assets, 100.0% ($2.58B across 3,579 accounts) are managed with discretion. It advised 2 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 57% | 18% |
| High-net-worth individuals | 41% | 74% |
| Charitable organizations | <1% | 2% |
| State or municipal government entities | <1% | <1% |
| Insurance companies | <1% | 1% |
| Other client typesCorporations and other businesses | 1% | 5% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 909 | $471M | 18.3% | $518K |
| High-net-worth individuals | 654 | $1.9B | 73.8% | $2.91M |
| Charitable organizations | 11 | $55.6M | 2.2% | $5.06M |
| State or municipal government entities | Fewer than 5 | $1.1M | 0.0% | $1.1M |
| Insurance companies | Fewer than 5 | $30.4M | 1.2% | $7.59M |
| Corporations and other businesses | 18 | $119M | 4.6% | $6.6M |
| Total | 1,597 | $2.58B | 100% | — |
- Clients
- 909
- Regulatory AUM
- $471M
- AUM share
- 18.3%
- Avg. per client
- $518K
- Clients
- 654
- Regulatory AUM
- $1.9B
- AUM share
- 73.8%
- Avg. per client
- $2.91M
- Clients
- 11
- Regulatory AUM
- $55.6M
- AUM share
- 2.2%
- Avg. per client
- $5.06M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.1M
- AUM share
- 0.0%
- Avg. per client
- $1.1M
- Clients
- Fewer than 5
- Regulatory AUM
- $30.4M
- AUM share
- 1.2%
- Avg. per client
- $7.59M
- Clients
- 18
- Regulatory AUM
- $119M
- AUM share
- 4.6%
- Avg. per client
- $6.6M
Total
- Clients
- 1,597
- Regulatory AUM
- $2.58B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 2
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
Maple Capital Management charges 0.23%–1.25% for its Clients Working Directly with MCM. The brochure does not state whether the rate is annual. The fee is billed in advance and is negotiable.
Fee details and sources
Ramsey Luhr owns 50% to 75% of Maple Capital Management. The leadership team of Maple Capital Management includes President Ramsey Luhr and Chief Operating Officer Thomas Rawlings. It has 27 employees.
Leadership
- Ramsey LuhrPresident / Shareholder
- Thomas RawlingsChief Operating Officer / Chief Compliance Officer
- Elizabeth LewisPortfolio Management Team Lead / Shareholder
- Hilary RoperResearch Analyst / Shareholder
- Courtright BeardOperations Manager / Shareholder
- Richard LitchfieldSR. VP & Fixed Income Portfolio Manager
Investment adviser representatives
15 representatives listed in the SEC register as of 9 October 2026.
- Christopher William Arthur
- David J Bosworth
- Fjolla Buza-Sotak
- Connor G Herbruck
- Brody Jordan Hoffman
- Elizabeth Sarah Hinchliffe Lewis
- Richard John Litchfield
- Ramsey A Luhr
- Timothy Ryan Mazurczak
- Debbie Lynne Montgomery
- Thomas Wayne Rawlings
- Miguel j Rivas
- Clayton Thomas Shiver
- Caitlyn Wilkin
- Timothy James Wooster
Staff
- 27 employees
- 27 in advisory functions
- 15 state-registered reps
- 14 soliciting firms
- Owns 50% to 75% of Maple Capital Management, Inc.
Ramsey Luhr
Control person · since December 2023
- Owns 5% to 10% of Maple Capital Management, Inc.
Elizabeth Lewis
Control person · since January 2017
- Owns 5% to 10% of Maple Capital Management, Inc.
Hilary Roper
Control person · since January 2019
- Owns 5% to 10% of Maple Capital Management, Inc.
Courtright Beard
Control person · since January 2020
- Owns 5% to 10% of Maple Capital Management, Inc.
Richard Litchfield
since January 2026
Maple Capital Management’s regulatory assets grew 2.0× from $1.31B (March 2021) to $2.58B (August 2026); clients rose from 856 to 1,597 and employees from 20 to 27.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $2.58B | 1,597 | 27 | 2 |
| March 2025 | $2.19B | 1,384 | 26 | 2 |
| March 2024 | $1.72B | 1,290 | 23 | 2 |
| June 2023 | $1.37B | 1,076 | 22 | 2 |
| March 2022 | $1.59B | 979 | 22 | 2 |
| March 2021 | $1.31B | 856 | 20 | 2 |
Besides its headquarters, Maple Capital Management has 1 office, with 2 listed addresses in Georgia and Vermont.
Georgia · 1 listed address
- 219 Roswell Road, Alpharetta
Vermont · 1 listed address
- 535 Stone Cutters Way, MontpelierHQ
Contact and registration details
- Legal name
- Maple Capital Management, Inc.
- Headquarters
- 535 Stone Cutters Way, Montpelier, VT 05602
- Website
- maplecapital.com
- Phone
- 802-229-2838
- @maple-capital-management
- SEC file
- 801-62783
- Founded
- 2004
- Structure
- Vermont corporation
- Fiscal year end
- December
Maple Capital Management uses Charles Schwab ($2.48B) as custodian for its separately managed accounts. Maple Capital Management has custody of $979M in client assets for 708 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $2.48B100%
At year end, Maple Capital Management’s separately managed accounts were mostly in stocks (61%) and bonds (29%). Its reported 13F holdings for the quarter ended 31 March 2026 total $1.49B across 119 positions; the largest are Apple Inc. (8.8%), Alphabet Inc. (8.1%) and Nvidia Corporation (7.7%).
What the accounts hold
- Stocks61%
- Funds7%
- Bonds29%
- State and local bonds14%
- Investment grade corporate bonds12%
- U.S. government and agency bonds3%
- Cash3%
Reported 13F holdings
- $1.49B
- Reported 13F value
- 119
- Positions
- 54.2%
- In the 10 largest
- —
- Value vs. prior quarter
- Apple Inc.8.8%
- Alphabet Inc. · Cap Stk CL C8.1%
- Nvidia Corporation7.7%
- Microsoft Corp.6.5%
- Amazon Com Inc.5.7%
- Costco Wholesale Corporation4.2%
- Meta Platforms Inc. · CL A3.8%
- iShares TR · Core S&P Scp ETF3.2%
- JPMORGAN Chase & CO3.1%
- Texas Instrs Inc.3.1%
Together, the ten largest are 54.2% of reported value.
How many clients does Maple Capital Management have?
Maple Capital Management has 1,597 clients and manages $2.58 billion for them, as of August 2026. They include 909 individual clients, 654 high-net-worth individuals, and 18 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 5 August 2026
What services does Maple Capital Management offer?
Maple Capital Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, estate planning, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Maple Capital Management charge?
Maple Capital Management charges 0.23%–1.25% for its Clients Working Directly with MCM. The brochure does not state whether the rate is annual. The fee is billed in advance and is negotiable.
Source: FORM ADV PART 2A AND SUPPLEMENTAL 2B, filed 5 August 2026
Which custodians does Maple Capital Management use?
Maple Capital Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $2.48B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 5 August 2026
How many financial advisors does Maple Capital Management have?
Maple Capital Management has 15 investment adviser representatives registered with state securities authorities, out of 27 employees, and 27 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 Maple Capital Management invest in?
At the end of its last fiscal year, Maple Capital Management’s separately managed accounts held 61% exchange-traded equities, 14% state and local bonds, 12% investment grade corporate bonds, 7% registered funds (mutual funds, ETFs, BDCs), 3% U.S. government and agency bonds and 3% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Maple Capital Management?
Maple Capital Management’s direct owners are Ramsey Luhr (50% to 75%), Elizabeth Lewis (5% to 10%), Hilary Roper (5% to 10%), Courtright Beard (5% to 10%) and Richard Litchfield (5% to 10%).
Source: Form ADV Part 1A, Schedules A and B, filed 5 August 2026
How does Maple Capital Management get paid?
Maple Capital Management is paid through a percentage of assets under management. 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
Is Maple Capital Management registered with the SEC?
Yes, Maple Capital Management has been registered with the SEC as an investment adviser since 20 February 2004. Its CRD number is 130209 and its SEC file number is 801-62783.
Source: Form ADV Part 1A, Item 1, filed 5 August 2026; IAPD firm record
How do I contact Maple Capital Management?
Maple Capital Management’s main office is at 535 Stone Cutters Way, Montpelier, VT 05602. Its phone number is 802-229-2838. Its website is maplecapital.com.