Plan for your financial future in Maine with a best-in-class financial advisor. Benzinga searched for the top advisors in the state. Check out our list of firms according to expertise, account minimum and fee structure.
Best for Retirement Planning: Guidance Point Retirement Services, LLC
Guidance Point Retirement Services (GPRS) is an independent investment advisory and retirement plan consulting firm located in Portland, Maine. The firm typically serves clients in healthcare, endowments and foundations, higher education and corporations.
GPRS offers the following services:
- Vendor management and selection
- ERISA plan consulting
- Discretionary asset management
GPRS investment recommendations generally include mutual funds, exchange-traded funds (ETFs), collective investment funds and insurance company separate accounts. It also may recommend certificates of deposit, U.S. Government securities, insurance company fixed accounts and money market funds.
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Pension consulting services
- Selection of other advisers (including private fund managers)
- Publication of periodicals or newsletters
- Educational seminars/workshops
Address
121 MIDDLE STREET SUITE 403PORTLAND ME, 04101
Phone number
207-358-3099
- Customizable Auto Investing
Best Robo-Advisor: M1 Finance
M1 Finance is a smart robo advisor that lets you take charge of your finances. M1 offers you multiple ways to invest, borrow and spend your money.
With a free M1 Basic account you can:
- Make money transfers
- Set up direct deposits
- Spend with a debit card
- Invest in fractional shares
- Build a customized portfolio
- Automate your investment schedule
- Borrow up to 35% of your portfolio’s value at low rates
If you want additional perks like a 2% base rate to borrow, 1% cashback and much more, upgrade to an M1 Plus account. It requires a sign-up fee of $125.
Best for Affluent Individuals: VIGILANT Capital Management, LLC
VIGILANT Capital Management is a private wealth management firm located in Portland, Maine. The firm specializes in progressive investment and wealth planning solutions for highly-successful individuals and families. It also serves select nonprofit and institutional organizations.
The firm limits the number of clients it works with to focus on each client relationship. You can be sure VIGILANT can help you construct an appropriate investment portfolio to meet your needs.
Best for Any Income Level: Silver Maple Financial, LLC
Silver Maple Financial is an investment advisory firm located in Kittery, Maine. The firm offers expert personalized investment advice to people of all income levels. It is a fee-only advisory firm that has experience with a moderate portfolio.
The firm offers 3 main services:
- Full service. The firm creates an individual plan with 2 meetings and the option of implementing the plan and managing your investments.
- Retirement planning. A starter option that can provide you with assistance only on retirement planning.
- Hourly charge. Receive advisory assistance on an hourly basis.
- High Net Worth Individuals
Best Portfolio Analysis: Personal Capital
Personal Capital links your accounts to give a clear view of your net worth and cash flow. You can also use its free planning and analytical tools for budgeting, retirement planning, education planning and much more.
Need an advisor to manage your portfolio? Personal Capital offers managed services if you have a minimum account balance of $100,000 or more. You can also get help from Personal Capital’s advisors to plan tax optimization strategies and analyze your personal long- and short-term goals.
Best for Client Service: Azimuth Capital Management LLC
Azimuth Capital Management is an advisory firm located in Winthrop, Maine. The firm offers a range of services including retirement planning, portfolio management, estate planning, employee-sponsored plans and more.
Azimuth believes it can provide unmatched customer service. It will build a relationship with you and match the correct types of investments to your needs and expectations. The firm values its relationship with its client with the same priority level as the success of the financial plan.
Best for Small Business Owners: James Heavey Wealth Advisors, LLC
James Heavey Wealth Advisors is a registered investment advisor located in Rockport, Maine. For more than a decade, the firm has been focused on the needs and unique challenges of the small business owner.
Services include advice on reduction of income tax liability, retirement plan and succession planning. The firm has advised a wide range of clients including professional practices, family-owned business and nonprofit organizations. The firm can also help you create a personal financial plan with goal-oriented investment management and tax-smart investment planning.
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Financial planning services
- Selection of other advisers (including private fund managers)
- ADVISORY CONSULTING
Address
,
Phone number
207-975-5157/ 207-593-3280
Frequently Asked Questions
Q: Which certifications should my financial planner have?
A: The top designations for financial planners are Certified Financial Planner™ (CFP®) and Chartered Financial Analyst® (CFA®). Other certifications can qualify someone as a financial planner but their area of expertise may be limited.
Q: Can I talk to a financial advisor for free?
A: Your 1st consultation is typically free of charge.
Q: Can financial advisors help me eliminate debt?
A: Financial advisors are pros at creating comprehensive plans to ditch your debt. Financial advisors can analyze your debt, evaluate your income and assets and help you become financially stable.
Find a Financial Advisor in Maine
Managing money on your own can be especially daunting if you have little knowledge or time. A good financial advisor is equipped to sort your financial needs.
Try meeting multiple firms to compare services before you make a final decision. Make sure that you work with a firm that has fiduciary obligations to work in your interest with no hidden agenda or commission.
Methodology
To determine the top financial advisors in Maine, we pored through all SEC-registered advisory firms who have an office in Maine. We winnowed the list by only including advisors that are registered fiduciaries, have no past disclosures and have minimal personal conflicts of interest. To further break down the list to the true top advisors in the area, we gave weight to advisors that offer both investment management and planning, have no conflicts of interest, have offices in multiple states, have a wrap fee program and over $50 million in assets under management.