{ "path": "/advisors/vt/fee-only", "url": "https://advisorcensus.com/advisors/vt/fee-only", "page_type": "state_fee", "title": "Fee-only financial advisors in Vermont", "filters": {}, "scope_total": 33, "faq": [ { "q": "How many financial advisory firms are there in Vermont?", "a": "AdvisorCensus lists 73 investment advisory firms with a principal office in Vermont, from Form ADV filings as of October 2026: 33 SEC-registered, 30 state-registered, and 10 exempt reporting advisers. Firms may request removal, so the count can differ slightly from the number of firms that file Form ADV." }, { "q": "How many fee-only financial advisors are in Vermont?", "a": "33 of the 73 firms meet AdvisorCensus's fee-only test: paid only by a percentage of assets, hourly charges, fixed fees, or subscription fees on Form ADV Item 5.E (no commissions, performance-based fees, or other compensation), with no sales-related compensation ties in the same filing: no employee registered with a broker-dealer or licensed as an insurance agent (Item 5.B), no brokerage, insurance, real estate, or other product sales business (Item 6.A), no related broker-dealer, insurance company, real estate broker, or futures commission merchant (Item 7.A), and no referral fees from others or other sales interest (Item 8). Form ADV has no fee-only box, so this is derived from the filing; it is not a fee-only certification, and a firm's own page lists its compensation arrangements as filed." }, { "q": "How many financial advisors in Vermont offer financial planning?", "a": "43 of the 63 firms in Vermont that answer Form ADV Item 5.G, which asks what advisory services a firm provides, report financial planning services, as of October 2026. Exempt reporting advisers do not answer Item 5.G. Each firm page lists every advisory service the firm reports." }, { "q": "Are the financial advisors in Vermont fiduciaries?", "a": "Every firm on this page is an investment adviser that files Form ADV, and an investment adviser owes its clients a fiduciary duty under federal law, made up of a duty of care and a duty of loyalty: it must act in the client's best interest and not put its own interests ahead of the client's, and must eliminate its conflicts of interest or disclose them fully and fairly. Form ADV has no fiduciary box because the duty comes with being an investment adviser. The duty covers the firm's advice; a firm or its people may also sell securities through a broker-dealer or insurance as licensed agents, roles held to other standards. The 33 firms that meet AdvisorCensus's fee-only test report none of those sales ties." }, { "q": "How do I check whether a financial advisor has disciplinary disclosures?", "a": "Each firm page shows how many Form ADV Item 11 disciplinary questions the firm answered yes and links to the firm's record on the SEC's Investment Adviser Public Disclosure site (adviserinfo.sec.gov), where the detail of each disclosure is public. Individual advisers' records are on the same site and on FINRA BrokerCheck." }, { "q": "Does AdvisorCensus rate, verify, or recommend these firms?", "a": "No. The directory shows what each firm filed, in alphabetical order unless you choose another sort, and no firm's position depends on payment. Firms that claim their page can add a description and links, marked as provided by the firm; the filed facts are never changed by that content." }, { "q": "What does regulatory assets under management mean?", "a": "Regulatory assets under management (RAUM) is the figure a firm reports on Form ADV Item 5.F: the securities portfolios it provides continuous and regular supervisory or management services for, at market value, including assets managed without discretion. It measures scale, not performance or quality." } ], "period": "2026-10-01", "answer_paragraph": "AdvisorCensus lists 33 investment advisory firms with a principal office in Vermont that meet AdvisorCensus's fee-only test: paid only by client fees on Form ADV Item 5.E, with no employee registered with a broker-dealer or licensed as an insurance agent, no brokerage, insurance, or real estate sales business or related company, and no referral fees from others, drawn from Form ADV filings as of October 2026. Firms are listed alphabetically; sort by years registered or assets band using the controls below, and read the methodology block for how this page is derived.", "about_market": null, "citation": "AdvisorCensus. Fee-only financial advisors in Vermont: 33 firms from Form ADV filings as of October 2026.", "total_firms": 33, "page": 1, "total_pages": 1, "sort": "name", "registration_types": { "sec": 15, "state": 18, "exempt": 0 }, "fee_model_mix": [ { "code": "fee-only", "count": 33 }, { "code": "percentage_of_aum", "count": 32 }, { "code": "hourly", "count": 18 }, { "code": "subscription", "count": 0 }, { "code": "fixed", "count": 17 }, { "code": "commissions", "count": 0 }, { "code": "performance_based", "count": 0 }, { "code": "other", "count": 0 }, { "code": "not_reported", "count": 0 } ], "years_registered_distribution": [ { "code": "under_5", "count": 14 }, { "code": "5_to_9", "count": 3 }, { "code": "10_to_19", "count": 3 }, { "code": "20_plus", "count": 13 }, { "code": "not_reported", "count": 0 } ], "raum_band_distribution": [ { "code": "under_25m", "count": 15 }, { "code": "25m_100m", "count": 3 }, { "code": "100m_500m", "count": 8 }, { "code": "500m_1b", "count": 2 }, { "code": "1b_5b", "count": 5 }, { "code": "over_5b", "count": 0 }, { "code": "not_reported", "count": 0 } ], "firms": [ { "crd_number": 323315, "name": "AFS Wealth Management LLC", "name_as_filed": "AFS WEALTH MANAGEMENT LLC", "url": "https://advisorcensus.com/firm/afs-wealth-management-llc-chester-vt-323315", "city": "Chester", "state": "VT", "years_registered": 3, "raum_band": "25m_100m", "compensation_types": [ "percentage_of_aum", "hourly" ], "enhanced": false }, { "crd_number": 115640, "name": "AMS Management", "name_as_filed": "AMS MANAGEMENT", "url": "https://advisorcensus.com/firm/ams-management-essex-jct-vt-115640", "city": "Essex Jct", "state": "VT", "years_registered": 31, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum" ], "enhanced": false }, { "crd_number": 144862, "name": "Arque Advisors, LLC", "name_as_filed": "ARQUE ADVISORS, LLC", "url": "https://advisorcensus.com/firm/arque-advisors-llc-morgan-vt-144862", "city": "Morgan", "state": "VT", "years_registered": 0, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum" ], "enhanced": false }, { "crd_number": 168180, "name": "B.W. Belisle Planning & Strategy Company LLC", "name_as_filed": "B.W. BELISLE PLANNING & STRATEGY COMPANY LLC", "url": "https://advisorcensus.com/firm/b-w-belisle-planning-and-strategy-company-llc-168180", "city": null, "state": null, "years_registered": 13, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 332847, "name": "Blue Slate Investment Management", "name_as_filed": "BLUE SLATE INVESTMENT MANAGEMENT", "url": "https://advisorcensus.com/firm/blue-slate-investment-management-burlington-vt-332847", "city": "Burlington", "state": "VT", "years_registered": 1, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum", "hourly" ], "enhanced": false }, { "crd_number": 105057, "name": "Broadlake Financial Management", "name_as_filed": "BROADLAKE FINANCIAL MANAGEMENT", "url": "https://advisorcensus.com/firm/broadlake-financial-management-south-burlington-vt-105057", "city": "South Burlington", "state": "VT", "years_registered": 37, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum" ], "enhanced": false }, { "crd_number": 341542, "name": "Cedar Wing LLC", "name_as_filed": "CEDAR WING LLC", "url": "https://advisorcensus.com/firm/cedar-wing-llc-shelburne-vt-341542", "city": "Shelburne", "state": "VT", "years_registered": 0, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum" ], "enhanced": false }, { "crd_number": 154148, "name": "DWV Advisors, LLC", "name_as_filed": "DWV ADVISORS, LLC", "url": "https://advisorcensus.com/firm/dwv-advisors-llc-essex-junction-vt-154148", "city": "Essex Junction", "state": "VT", "years_registered": 14, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum" ], "enhanced": false }, { "crd_number": 330000, "name": "Elephant Corner Financial", "name_as_filed": "ELEPHANT CORNER FINANCIAL", "url": "https://advisorcensus.com/firm/elephant-corner-financial-330000", "city": null, "state": null, "years_registered": 1, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 312716, "name": "Equinox Financial Advisors, Inc.", "name_as_filed": "EQUINOX FINANCIAL ADVISORS, INC.", "url": "https://advisorcensus.com/firm/equinox-financial-advisors-inc-manchester-center-vt-312716", "city": "Manchester Center", "state": "VT", "years_registered": 0, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum", "hourly" ], "enhanced": false }, { "crd_number": 110526, "name": "Farrow Financial Inc", "name_as_filed": "FARROW FINANCIAL INC", "url": "https://advisorcensus.com/firm/farrow-financial-inc-south-burlington-vt-110526", "city": "South Burlington", "state": "VT", "years_registered": 45, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 340856, "name": "Focus 50 Wealth Management LLC", "name_as_filed": "FOCUS 50 WEALTH MANAGEMENT LLC", "url": "https://advisorcensus.com/firm/focus-50-wealth-management-llc-340856", "city": null, "state": null, "years_registered": 0, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum" ], "enhanced": false }, { "crd_number": 116191, "name": "Gerard Asset Management, L.L.C.", "name_as_filed": "GERARD ASSET MANAGEMENT, L.L.C.", "url": "https://advisorcensus.com/firm/gerard-asset-management-l-l-c-lower-waterford-vt-116191", "city": "Lower Waterford", "state": "VT", "years_registered": 31, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum", "fixed" ], "enhanced": false }, { "crd_number": 108045, "name": "Hanson & Doremus Investment Management", "name_as_filed": "HANSON & DOREMUS INVESTMENT MANAGEMENT", "url": "https://advisorcensus.com/firm/hanson-and-doremus-investment-management-burlington-vt-108045", "city": "Burlington", "state": "VT", "years_registered": 28, "raum_band": "1b_5b", "compensation_types": [ "percentage_of_aum", "hourly" ], "enhanced": false }, { "crd_number": 106749, "name": "M. Kraus & Company", "name_as_filed": "M. KRAUS & COMPANY", "url": "https://advisorcensus.com/firm/m-kraus-and-company-shelburne-vt-106749", "city": "Shelburne", "state": "VT", "years_registered": 30, "raum_band": "500m_1b", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 110003, "name": "Manchester Capital Management LLC", "name_as_filed": "MANCHESTER CAPITAL MANAGEMENT LLC", "url": "https://advisorcensus.com/firm/manchester-capital-management-llc-manchester-vt-110003", "city": "Manchester", "state": "VT", "years_registered": 33, "raum_band": "1b_5b", "compensation_types": [ "percentage_of_aum", "fixed" ], "enhanced": false }, { "crd_number": 130209, "name": "Maple Capital Management, Inc.", "name_as_filed": "MAPLE CAPITAL MANAGEMENT, INC.", "url": "https://advisorcensus.com/firm/maple-capital-management-inc-montpelier-vt-130209", "city": "Montpelier", "state": "VT", "years_registered": 22, "raum_band": "1b_5b", "compensation_types": [ "percentage_of_aum" ], "enhanced": false }, { "crd_number": 116346, "name": "Milne Financial Planning, Inc.", "name_as_filed": "MILNE FINANCIAL PLANNING, INC.", "url": "https://advisorcensus.com/firm/milne-financial-planning-inc-saint-johnsbury-vt-116346", "city": "Saint Johnsbury", "state": "VT", "years_registered": 0, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 322908, "name": "Oak Maple Finance, LLC", "name_as_filed": "OAK MAPLE FINANCE, LLC", "url": "https://advisorcensus.com/firm/oak-maple-finance-llc-burlington-vt-322908", "city": "Burlington", "state": "VT", "years_registered": 2, "raum_band": "25m_100m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 284335, "name": "One Day in July LLC", "name_as_filed": "ONE DAY IN JULY LLC", "url": "https://advisorcensus.com/firm/one-day-in-july-llc-burlington-vt-284335", "city": "Burlington", "state": "VT", "years_registered": 8, "raum_band": "1b_5b", "compensation_types": [ "percentage_of_aum", "fixed" ], "enhanced": false }, { "crd_number": 109493, "name": "Otto & Associates, Inc.", "name_as_filed": "OTTO & ASSOCIATES, INC.", "url": "https://advisorcensus.com/firm/otto-and-associates-inc-norwich-vt-109493", "city": "Norwich", "state": "VT", "years_registered": 25, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum", "hourly" ], "enhanced": false }, { "crd_number": 338878, "name": "OX Lux Advisory LLC", "name_as_filed": "OX LUX ADVISORY LLC", "url": "https://advisorcensus.com/firm/ox-lux-advisory-llc-338878", "city": null, "state": null, "years_registered": 0, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum" ], "enhanced": false }, { "crd_number": 124801, "name": "Pathway Financial Advisors, LLC", "name_as_filed": "PATHWAY FINANCIAL ADVISORS, LLC", "url": "https://advisorcensus.com/firm/pathway-financial-advisors-llc-south-burlington-vt-124801", "city": "South Burlington", "state": "VT", "years_registered": 21, "raum_band": "1b_5b", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 141397, "name": "Pochop Financial Management, Inc.", "name_as_filed": "POCHOP FINANCIAL MANAGEMENT, INC.", "url": "https://advisorcensus.com/firm/pochop-financial-management-inc-south-burlington-vt-141397", "city": "South Burlington", "state": "VT", "years_registered": 20, "raum_band": "25m_100m", "compensation_types": [ "percentage_of_aum", "hourly" ], "enhanced": false }, { "crd_number": 110928, "name": "Prentiss Smith & Company, Inc.", "name_as_filed": "PRENTISS SMITH & COMPANY, INC.", "url": "https://advisorcensus.com/firm/prentiss-smith-and-company-inc-brattleboro-vt-110928", "city": "Brattleboro", "state": "VT", "years_registered": 44, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum" ], "enhanced": false }, { "crd_number": 130825, "name": "Rock Point Advisors, LLC", "name_as_filed": "ROCK POINT ADVISORS, LLC", "url": "https://advisorcensus.com/firm/rock-point-advisors-llc-burlington-vt-130825", "city": "Burlington", "state": "VT", "years_registered": 22, "raum_band": "500m_1b", "compensation_types": [ "percentage_of_aum" ], "enhanced": false }, { "crd_number": 343384, "name": "Roots & Sparrow", "name_as_filed": "ROOTS & SPARROW", "url": "https://advisorcensus.com/firm/roots-and-sparrow-343384", "city": null, "state": null, "years_registered": 0, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum", "fixed" ], "enhanced": false }, { "crd_number": 329816, "name": "Shipwright Advisors", "name_as_filed": "SHIPWRIGHT ADVISORS", "url": "https://advisorcensus.com/firm/shipwright-advisors-burlington-vt-329816", "city": "Burlington", "state": "VT", "years_registered": 2, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum", "fixed" ], "enhanced": false }, { "crd_number": 299867, "name": "Soaring Wealth LLC", "name_as_filed": "SOARING WEALTH LLC", "url": "https://advisorcensus.com/firm/soaring-wealth-llc-299867", "city": null, "state": null, "years_registered": 7, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 338489, "name": "Tack Wealth", "name_as_filed": "TACK WEALTH", "url": "https://advisorcensus.com/firm/tack-wealth-338489", "city": null, "state": null, "years_registered": 0, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 170555, "name": "True North Financial Planning, LLC", "name_as_filed": "TRUE NORTH FINANCIAL PLANNING, LLC", "url": "https://advisorcensus.com/firm/true-north-financial-planning-llc-south-burlington-vt-170555", "city": "South Burlington", "state": "VT", "years_registered": 12, "raum_band": "under_25m", "compensation_types": [ "hourly", "fixed" ], "enhanced": false }, { "crd_number": 329756, "name": "Veteran Wealth Planning", "name_as_filed": "VETERAN WEALTH PLANNING", "url": "https://advisorcensus.com/firm/veteran-wealth-planning-329756", "city": null, "state": null, "years_registered": 2, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 137038, "name": "Williams Financial, LLC", "name_as_filed": "WILLIAMS FINANCIAL, LLC", "url": "https://advisorcensus.com/firm/williams-financial-llc-north-bennington-vt-137038", "city": "North Bennington", "state": "VT", "years_registered": 6, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false } ], "states": [], "metros": [], "siblings": { "national": "/advisors", "state": { "path": "/advisors/vt", "label": "Financial advisors in Vermont" }, "fee_pages": [ { "path": "/advisors/vt/flat-fee", "label": "Flat-fee financial advisors in Vermont", "firm_count": 33 }, { "path": "/advisors/vt/hourly", "label": "Hourly financial advisors in Vermont", "firm_count": 35 } ], "metro_fee_pages": [ { "path": "/advisors/vt/burlington/fee-only", "firm_count": 15, "label": "Fee-only financial advisors in Burlington, VT" } ] }, "csv": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }