Three Bearings Fiduciary Advisors provides financial planning and portfolio management for individuals and small businesses. Financial planning was provided to 101–250 clients last fiscal year.
Three Bearings Fiduciary Advisors reports 199 clients. They include 84 individual clients, 73 high-net-worth individuals and 40 state or municipal government entities. Of its assets, 94.9% ($333M across 511 accounts) are managed with discretion; $17.7M across 36 accounts are not. It advised 24 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 42% | 6% |
| High-net-worth individuals | 37% | 52% |
| Charitable organizations | 1% | <1% |
| State or municipal government entities | 20% | 42% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 84 | $20.9M | 6.0% | $249K |
| High-net-worth individuals | 73 | $183M | 52.2% | $2.51M |
| Charitable organizations | Fewer than 5 | $558K | 0.2% | $279K |
| State or municipal government entities | 40 | $146M | 41.7% | $3.65M |
| Total | 199 | $351M | 100% | — |
- Clients
- 84
- Regulatory AUM
- $20.9M
- AUM share
- 6.0%
- Avg. per client
- $249K
- Clients
- 73
- Regulatory AUM
- $183M
- AUM share
- 52.2%
- Avg. per client
- $2.51M
- Clients
- Fewer than 5
- Regulatory AUM
- $558K
- AUM share
- 0.2%
- Avg. per client
- $279K
- Clients
- 40
- Regulatory AUM
- $146M
- AUM share
- 41.7%
- Avg. per client
- $3.65M
Total
- Clients
- 199
- Regulatory AUM
- $351M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 24
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
Three Bearings Fiduciary Advisors charges 0.50%–1.75% a year for its Comprehensive Financial Agreement. Each asset band is charged at its own rate. The fee is billed in arrears, has a $3,500 annual minimum and requires an account of at least $200,000. The brochure also prices 2 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$200K | 1.75% |
| $200K–$500K | 1.50% |
| $500K–$1M | 1.00% |
| $1M and above | 0.50% |
Fee details and sources
Other fees
- Hourly financial planning
- Financial planning is priced at $300 an hour, with a typical engagement of $1,200 to $3,600.
- Tax preparation
- Tax preparation done apart from a Comprehensive Financial Agreement or Retainer Agreement is billed at $150 an hour.
The David T. Mayes Revocable Living Trust owns 75% or more of Three Bearings Fiduciary Advisors. The leadership team of Three Bearings Fiduciary Advisors includes President David Mayes. It has 5 employees, 2 of them in advisory roles.
Leadership
- David MayesPresident/Director/Chief Compliance Officer
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
- David Thomas Mayes
- Zachary Zwick
Staff
- 5 employees
- 2 in advisory functions
- 2 state-registered reps
- Owns 75% or more of Three Bearings Fiduciary Advisors, Inc.
The David T. Mayes Revocable Living Trust
Control person · since March 2016
David Mayes
Trustee · Control person · since March 2016
Three Bearings Fiduciary Advisors’ regulatory assets grew from $254M (March 2021) to $351M (August 2026); clients rose from 180 to 199 and employees from 4 to 5.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $351M | 199 | 5 | 1 |
| March 2025 | $308M | 190 | 5 | 1 |
| March 2024 | $287M | 186 | 5 | 1 |
| March 2023 | $256M | 188 | 4 | 1 |
| May 2022 | $286M | 178 | 4 | 1 |
| March 2021 | $254M | 180 | 4 | 1 |
Besides its headquarters, Three Bearings Fiduciary Advisors has 0 offices, with 1 listed address in New Hampshire.
New Hampshire · 1 listed address
- 380 Lafayette Road Unit D, HamptonHQ
Contact and registration details
- Legal name
- Three Bearings Fiduciary Advisors, Inc.
- Headquarters
- 380 Lafayette Road Unit D, Hampton, NH 03842
- Website
- threebearings.com
- Phone
- 603-926-1775
- SEC file
- 801-108079
- Structure
- New Hampshire corporation
- Fiscal year end
- December
Three Bearings Fiduciary Advisors uses Fidelity ($271M, 78%), Charles Schwab ($73.6M, 21%) and National Advisors Trust ($690K, 0%) as custodians for its separately managed accounts. Three Bearings Fiduciary Advisors has custody of $321M in client assets for 172 clients.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $271M78%
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $73.6M21%
- National Advisors TrustNational Advisors Trust Company · Kansas City, MO · $690K0%
At year end, Three Bearings Fiduciary Advisors’ separately managed accounts were mostly in funds (89%). Its reported 13F holdings for the quarter ended 30 June 2026 total $112M across 312 positions; the largest are Wisdomtree TR (14.4%), Vanguard Whitehall Fds (8.6%) and iShares TR (7.6%).
What the accounts hold
- Stocks3%
- Funds89%
- Bonds3%
- U.S. government and agency bonds1%
- State and local bonds1%
- Investment grade corporate bonds1%
- Cash5%
Reported 13F holdings
- $112M
- Reported 13F value
- 312
- Positions
- 60.4%
- In the 10 largest
- +8.0%
- Value vs. prior quarter
- Wisdomtree TR · US Midcap Divid14.4%
- Vanguard Whitehall Fds · High Div Yld8.6%
- iShares TR · Rus MD CP GR ETF7.6%
- Vanguard Index Fds · Growth ETF5.8%
- Vanguard Index Fds · Real Estate ETF5.0%
- iShares TR · Mrgstr SM CP GR5.0%
- Wisdomtree TR · US Smallcap Divd4.5%
- Vanguard World FD · Mega Grwth Ind4.2%
- iShares TR · MSCI Intl Qualty2.6%
- Vanguard Index Fds · Mid Cap ETF2.6%
Together, the ten largest are 60.4% of reported value.
How many clients does Three Bearings Fiduciary Advisors have?
Three Bearings Fiduciary Advisors has 199 clients and manages $351 million for them, as of August 2026. They include 84 individual clients, 73 high-net-worth individuals and 40 state or municipal government entities.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 10 August 2026
What services does Three Bearings Fiduciary Advisors offer?
Three Bearings Fiduciary Advisors provides financial planning and portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Three Bearings Fiduciary Advisors charge?
Three Bearings Fiduciary Advisors charges 0.50%–1.75% a year for its Comprehensive Financial Agreement. Each asset band is charged at its own rate. The fee is billed in arrears, has a $3,500 annual minimum and requires an account of at least $200,000.
Source: THREE BEARINGS FIDUCIARY ADVISORS BROCHURE, filed 10 August 2026
Which custodians does Three Bearings Fiduciary Advisors use?
Three Bearings Fiduciary Advisors’ separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $271M, Charles Schwab & Co., Inc. (San Francisco, CA), with $73.6M and National Advisors Trust Company (Kansas City, MO), with $690K. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 10 August 2026
How many financial advisors does Three Bearings Fiduciary Advisors have?
Three Bearings Fiduciary Advisors has 2 investment adviser representatives registered with state securities authorities, out of 5 employees, and 2 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 Three Bearings Fiduciary Advisors invest in?
At the end of its last fiscal year, Three Bearings Fiduciary Advisors’ separately managed accounts held 89% registered funds (mutual funds, ETFs, BDCs), 5% cash and equivalents, 3% exchange-traded equities, 1% U.S. government and agency bonds, 1% state and local 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
Does Three Bearings Fiduciary Advisors have a minimum investment?
Yes, Three Bearings Fiduciary Advisors’ minimum account size for its Comprehensive Financial Agreement is $200K. It charges a $3.5K annual minimum fee.
Source: THREE BEARINGS FIDUCIARY ADVISORS BROCHURE, filed 10 August 2026
Who owns Three Bearings Fiduciary Advisors?
Three Bearings Fiduciary Advisors’ direct owner is the David T. Mayes Revocable Living Trust (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 10 August 2026
How does Three Bearings Fiduciary Advisors get paid?
Three Bearings Fiduciary Advisors is paid through a percentage of assets under management, hourly charges 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 Three Bearings Fiduciary Advisors?
Three Bearings Fiduciary Advisors’ main office is at 380 Lafayette Road Unit D, Hampton, NH 03842. Its phone number is 603-926-1775. Its website is threebearings.com.