Mascoma Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting. Financial planning was provided to 251–500 clients last fiscal year.
Mascoma Wealth Management reports 477 clients. They include 300 individual clients, 122 high-net-worth individuals and 29 charitable organizations. Of its assets, 94.4% ($536M across 1,100 accounts) are managed with discretion; $31.7M across 85 accounts are not. Of its clients, 1% are outside the U.S. It advised 5 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 63% | 28% |
| High-net-worth individuals | 26% | 53% |
| Pension and profit-sharing plans | <1% | <1% |
| Charitable organizations | 6% | 8% |
| State or municipal government entities | 1% | 3% |
| Other client typesCorporations and other businesses; Other | 4% | 7% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 300 | $159M | 28.1% | $531K |
| High-net-worth individuals | 122 | $302M | 53.1% | $2.47M |
| Pension and profit-sharing plans | Fewer than 5 | $3.16M | 0.6% | $1.58M |
| Charitable organizations | 29 | $48.2M | 8.5% | $1.66M |
| State or municipal government entities | 5 | $14.8M | 2.6% | $2.96M |
| Corporations and other businesses | 8 | $31.2M | 5.5% | $3.9M |
| Other | 11 | $9.34M | 1.6% | $849K |
| Total | 477 | $568M | 100% | — |
- Clients
- 300
- Regulatory AUM
- $159M
- AUM share
- 28.1%
- Avg. per client
- $531K
- Clients
- 122
- Regulatory AUM
- $302M
- AUM share
- 53.1%
- Avg. per client
- $2.47M
- Clients
- Fewer than 5
- Regulatory AUM
- $3.16M
- AUM share
- 0.6%
- Avg. per client
- $1.58M
- Clients
- 29
- Regulatory AUM
- $48.2M
- AUM share
- 8.5%
- Avg. per client
- $1.66M
- Clients
- 5
- Regulatory AUM
- $14.8M
- AUM share
- 2.6%
- Avg. per client
- $2.96M
- Clients
- 8
- Regulatory AUM
- $31.2M
- AUM share
- 5.5%
- Avg. per client
- $3.9M
- Clients
- 11
- Regulatory AUM
- $9.34M
- AUM share
- 1.6%
- Avg. per client
- $849K
Total
- Clients
- 477
- Regulatory AUM
- $568M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 5
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 251–500
Mascoma Wealth Management is paid through a percentage of assets under management. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure.
Mascoma Bank owns 75% or more of Mascoma Wealth Management. The leadership team of Mascoma Wealth Management includes President Zuzana Brochu and Chief Compliance Officer Amanda Spencer. It has 12 employees, 9 of them in advisory roles.
Leadership
- Zuzana BrochuPresident
- Amanda SpencerChief Compliance Officer/Chief Operations Officer
Investment adviser representatives
11 representatives listed in the SEC register as of 9 October 2026.
Staff
- 12 employees
- 9 in advisory functions
- 11 state-registered reps
- Owns 75% or more of Mascoma Wealth Management LLC
Mascoma Bank
Control person · since March 2013
Mascoma Wealth Management’s regulatory assets grew 1.9× from $304M (March 2021) to $568M (February 2026); clients fell from 600 to 477 and employees rose from 8 to 12.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| February 2026 | $568M | 477 | 12 | 3 |
| April 2025 | $505M | 483 | 14 | 3 |
| April 2024 | $435M | 735 | 9 | 3 |
| May 2023 | $422M | 862 | 8 | 2 |
| June 2022 | $381M | 730 | 10 | 2 |
| March 2021 | $304M | 600 | 8 | 2 |
Besides its headquarters, Mascoma Wealth Management has 2 offices, with 3 listed addresses in Maine, New Hampshire and Vermont.
Maine · 1 listed address
- 48 Free Street, Portland
New Hampshire · 1 listed address
- 80 South Main Street, Suite 103, HanoverHQ
Vermont · 1 listed address
- 180 Battery Street, Burlington
Contact and registration details
- Legal name
- Mascoma Wealth Management LLC
- Headquarters
- 80 South Main Street, Suite 103, Hanover, NH 03755
- Website
- mascoma.bank
- Phone
- 603-676-8813
- SEC file
- 801-80982
- Founded
- 2013
- Structure
- New Hampshire LLC
- Fiscal year end
- December
Mascoma Wealth Management uses Fidelity ($568M) as custodian for its separately managed accounts. Mascoma Wealth Management has custody of client assets.
- FidelityFidelity Distributors Company LLC · Boston, MA · $568M100%
At year end, Mascoma Wealth Management’s separately managed accounts were mostly in funds (74%) and stocks (14%). Its reported 13F holdings for the quarter ended 30 June 2026 total $539M across 609 positions; the largest are iShares Core S&P 500 ETF (16.9%), iShares Core U.S. Aggregate Bond ETF (9.9%) and Vanguard FTSE Developed Markets ETF (7.7%).
What the accounts hold
- Stocks14%
- Funds74%
- Bonds2%
- U.S. government and agency bonds1%
- Investment grade corporate bonds1%
- Cash10%
Reported 13F holdings
- $539M
- Reported 13F value
- 609
- Positions
- 64.7%
- In the 10 largest
- +11.5%
- Value vs. prior quarter
- iShares Core S&P 500 ETFETF16.9%
- iShares Core U.S. Aggregate Bond ETFETF9.9%
- Vanguard FTSE Developed Markets ETFETF7.7%
- Fidelity Total Bond ETFETF6.8%
- JPMORGAN Core Plus Bond ETFETF5.2%
- Vanguard Intermediate-term Treasury ETFETF4.4%
- JPMORGAN Ultra-short Income ETFETF3.7%
- JPMORGAN International Research Enhanced Equity ETFETF3.5%
- Fidelity Enhanced Large Cap Core ETFETF3.4%
- iShares Core S&P U.S. Growth ETFETF3.2%
Together, the ten largest are 64.7% of reported value.
How many clients does Mascoma Wealth Management have?
Mascoma Wealth Management has 477 clients and manages $568 million for them, as of February 2026. They include 300 individual clients, 122 high-net-worth individuals and 29 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 28 February 2026
What services does Mascoma Wealth Management offer?
Mascoma Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Mascoma Wealth Management use?
Mascoma Wealth Management’s separately managed account assets are held at Fidelity Distributors Company LLC (Boston, MA), with $568M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 28 February 2026
How many financial advisors does Mascoma Wealth Management have?
Mascoma Wealth Management has 11 investment adviser representatives registered with state securities authorities, out of 12 employees, and 9 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 Mascoma Wealth Management invest in?
At the end of its last fiscal year, Mascoma Wealth Management’s separately managed accounts held 74% registered funds (mutual funds, ETFs, BDCs), 14% exchange-traded equities, 10% cash and equivalents, 1% U.S. government and agency bonds and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Mascoma Wealth Management?
Mascoma Wealth Management’s direct owner is Mascoma Bank (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 28 February 2026
How does Mascoma Wealth Management get paid?
Mascoma Wealth 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 Mascoma Wealth Management registered with the SEC?
Yes, Mascoma Wealth Management has been registered with the SEC as an investment adviser since 19 February 2015. Its CRD number is 174907 and its SEC file number is 801-80982.
Source: Form ADV Part 1A, Item 1, filed 28 February 2026; IAPD firm record
How do I contact Mascoma Wealth Management?
Mascoma Wealth Management’s main office is at 80 South Main Street, Suite 103, Hanover, NH 03755. Its phone number is 603-676-8813. Its website is mascoma.bank.