H.M. Payson Review


Trust Score 87%
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H.M. Payson, federally registered in 1966, is a Registered Investment Advisor (RIA) in 21 state(s) with a licensed staff of 15 advisors. H.M. Payson manages $4 billion and provides investment advisory services for 2,388 clients (1:160 advisor/client ratio).

H.M. Payson requires a $50,000 minimum investment and charges a blended rate between 1.00% and 0.30% for ongoing portfolio management services, depending on the size of the portfolio.

Benefits


  • Firm uses a transparent fee-only model
  • Firm uses a trusted custodian
  • Firm has $1B or more in assets under management

Considerations


  • There is only one licensed advisor for every 160 clients (industry average 1:50)
  • Firm may recommend proprietary investments and products that generate larger commissions than other similar non-proprietary products
  • Firm may receive soft-dollar benefits that could incentivize them to push trades through broker-dealers that provide advantages to the firm instead of through broker-dealers that could provide the best execution for their clients

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Managed Investing


Feature Value
Estimated Fees (Annual) $0 on $100,000 portfolio
Annual Management Fee Notes None
Minimum Investment $50,000
Minimum Annual Fee $500
Average Account AUM $1,502,737
Hybrid Advisor No
Disciplinary History No
Total AUM $4 billion
Advisor / Client Ratio 1:160
Headquarters Portland, ME
SEC Filings Forms and Brochures


Annual Fee Ranges Percent
$0 to $1,000,000 1.00%
$1,000,001 to $2,000,000 0.60%
$2,000,001 to $5,000,000 0.40%
$5,000,001+ 0.30%


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