# Fee-only financial advisors in Vermont

> 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.

Source: Form ADV filings as of October 2026. Rebuilt monthly. HTML page: https://advisorcensus.com/advisors/vt/fee-only

## At a glance

- Investment advisory firms: 33
- Registration: SEC-registered investment adviser: 15, State-registered investment adviser: 18
- How firms are compensated (Form ADV Item 5.E; shares of the firms that file it): Fee-only (AdvisorCensus test) 33 (100%); Percentage of assets 32 (97%); Hourly charges 18 (55%); Fixed fees 17 (52%)
- Regulatory assets under management (Item 5.F): Under $25 million 15 (45%); $25 million to $100 million 3 (9%); $100 million to $500 million 8 (24%); $500 million to $1 billion 2 (6%); $1 billion to $5 billion 5 (15%)
- Years registered: Under 5 years 14 (42%); 5 to 9 years 3 (9%); 10 to 19 years 3 (9%); 20 years or more 13 (39%)

## Firms (page 1 of 1, 1 to 33 of 33, sorted by name)

| Firm | CRD | City | Registration | Assets band | Years registered | Compensation |
| --- | --- | --- | --- | --- | --- | --- |
| [AFS Wealth Management LLC](https://advisorcensus.com/firm/afs-wealth-management-llc-chester-vt-323315) ([md](https://advisorcensus.com/firm/afs-wealth-management-llc-chester-vt-323315.md)) | 323315 | Chester, VT | State-registered investment adviser | $25 million to $100 million | 3 | % of assets, Hourly |
| [AMS Management](https://advisorcensus.com/firm/ams-management-essex-jct-vt-115640) ([md](https://advisorcensus.com/firm/ams-management-essex-jct-vt-115640.md)) | 115640 | Essex Jct, VT | State-registered investment adviser | Under $25 million | 31 | % of assets |
| [Arque Advisors, LLC](https://advisorcensus.com/firm/arque-advisors-llc-morgan-vt-144862) ([md](https://advisorcensus.com/firm/arque-advisors-llc-morgan-vt-144862.md)) | 144862 | Morgan, VT | State-registered investment adviser | Under $25 million | 0 | % of assets |
| [B.W. Belisle Planning & Strategy Company LLC](https://advisorcensus.com/firm/b-w-belisle-planning-and-strategy-company-llc-168180) ([md](https://advisorcensus.com/firm/b-w-belisle-planning-and-strategy-company-llc-168180.md)) | 168180 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 13 | % of assets, Hourly, Fixed fee |
| [Blue Slate Investment Management](https://advisorcensus.com/firm/blue-slate-investment-management-burlington-vt-332847) ([md](https://advisorcensus.com/firm/blue-slate-investment-management-burlington-vt-332847.md)) | 332847 | Burlington, VT | State-registered investment adviser | Under $25 million | 1 | % of assets, Hourly |
| [Broadlake Financial Management](https://advisorcensus.com/firm/broadlake-financial-management-south-burlington-vt-105057) ([md](https://advisorcensus.com/firm/broadlake-financial-management-south-burlington-vt-105057.md)) | 105057 | South Burlington, VT | SEC-registered investment adviser | $100 million to $500 million | 37 | % of assets |
| [Cedar Wing LLC](https://advisorcensus.com/firm/cedar-wing-llc-shelburne-vt-341542) ([md](https://advisorcensus.com/firm/cedar-wing-llc-shelburne-vt-341542.md)) | 341542 | Shelburne, VT | State-registered investment adviser | Under $25 million | 0 | % of assets |
| [DWV Advisors, LLC](https://advisorcensus.com/firm/dwv-advisors-llc-essex-junction-vt-154148) ([md](https://advisorcensus.com/firm/dwv-advisors-llc-essex-junction-vt-154148.md)) | 154148 | Essex Junction, VT | SEC-registered investment adviser | $100 million to $500 million | 14 | % of assets |
| [Elephant Corner Financial](https://advisorcensus.com/firm/elephant-corner-financial-330000) ([md](https://advisorcensus.com/firm/elephant-corner-financial-330000.md)) | 330000 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 1 | % of assets, Hourly, Fixed fee |
| [Equinox Financial Advisors, Inc.](https://advisorcensus.com/firm/equinox-financial-advisors-inc-manchester-center-vt-312716) ([md](https://advisorcensus.com/firm/equinox-financial-advisors-inc-manchester-center-vt-312716.md)) | 312716 | Manchester Center, VT | SEC-registered investment adviser | $100 million to $500 million | 0 | % of assets, Hourly |
| [Farrow Financial Inc](https://advisorcensus.com/firm/farrow-financial-inc-south-burlington-vt-110526) ([md](https://advisorcensus.com/firm/farrow-financial-inc-south-burlington-vt-110526.md)) | 110526 | South Burlington, VT | SEC-registered investment adviser | $100 million to $500 million | 45 | % of assets, Hourly, Fixed fee |
| [Focus 50 Wealth Management LLC](https://advisorcensus.com/firm/focus-50-wealth-management-llc-340856) ([md](https://advisorcensus.com/firm/focus-50-wealth-management-llc-340856.md)) | 340856 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 0 | % of assets |
| [Gerard Asset Management, L.L.C.](https://advisorcensus.com/firm/gerard-asset-management-l-l-c-lower-waterford-vt-116191) ([md](https://advisorcensus.com/firm/gerard-asset-management-l-l-c-lower-waterford-vt-116191.md)) | 116191 | Lower Waterford, VT | State-registered investment adviser | Under $25 million | 31 | % of assets, Fixed fee |
| [Hanson & Doremus Investment Management](https://advisorcensus.com/firm/hanson-and-doremus-investment-management-burlington-vt-108045) ([md](https://advisorcensus.com/firm/hanson-and-doremus-investment-management-burlington-vt-108045.md)) | 108045 | Burlington, VT | SEC-registered investment adviser | $1 billion to $5 billion | 28 | % of assets, Hourly |
| [M. Kraus & Company](https://advisorcensus.com/firm/m-kraus-and-company-shelburne-vt-106749) ([md](https://advisorcensus.com/firm/m-kraus-and-company-shelburne-vt-106749.md)) | 106749 | Shelburne, VT | SEC-registered investment adviser | $500 million to $1 billion | 30 | % of assets, Hourly, Fixed fee |
| [Manchester Capital Management LLC](https://advisorcensus.com/firm/manchester-capital-management-llc-manchester-vt-110003) ([md](https://advisorcensus.com/firm/manchester-capital-management-llc-manchester-vt-110003.md)) | 110003 | Manchester, VT | SEC-registered investment adviser | $1 billion to $5 billion | 33 | % of assets, Fixed fee |
| [Maple Capital Management, Inc.](https://advisorcensus.com/firm/maple-capital-management-inc-montpelier-vt-130209) ([md](https://advisorcensus.com/firm/maple-capital-management-inc-montpelier-vt-130209.md)) | 130209 | Montpelier, VT | SEC-registered investment adviser | $1 billion to $5 billion | 22 | % of assets |
| [Milne Financial Planning, Inc.](https://advisorcensus.com/firm/milne-financial-planning-inc-saint-johnsbury-vt-116346) ([md](https://advisorcensus.com/firm/milne-financial-planning-inc-saint-johnsbury-vt-116346.md)) | 116346 | Saint Johnsbury, VT | SEC-registered investment adviser | $100 million to $500 million | 0 | % of assets, Hourly, Fixed fee |
| [Oak Maple Finance, LLC](https://advisorcensus.com/firm/oak-maple-finance-llc-burlington-vt-322908) ([md](https://advisorcensus.com/firm/oak-maple-finance-llc-burlington-vt-322908.md)) | 322908 | Burlington, VT | State-registered investment adviser | $25 million to $100 million | 2 | % of assets, Hourly, Fixed fee |
| [One Day in July LLC](https://advisorcensus.com/firm/one-day-in-july-llc-burlington-vt-284335) ([md](https://advisorcensus.com/firm/one-day-in-july-llc-burlington-vt-284335.md)) | 284335 | Burlington, VT | SEC-registered investment adviser | $1 billion to $5 billion | 8 | % of assets, Fixed fee |
| [Otto & Associates, Inc.](https://advisorcensus.com/firm/otto-and-associates-inc-norwich-vt-109493) ([md](https://advisorcensus.com/firm/otto-and-associates-inc-norwich-vt-109493.md)) | 109493 | Norwich, VT | SEC-registered investment adviser | $100 million to $500 million | 25 | % of assets, Hourly |
| [OX Lux Advisory LLC](https://advisorcensus.com/firm/ox-lux-advisory-llc-338878) ([md](https://advisorcensus.com/firm/ox-lux-advisory-llc-338878.md)) | 338878 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 0 | % of assets |
| [Pathway Financial Advisors, LLC](https://advisorcensus.com/firm/pathway-financial-advisors-llc-south-burlington-vt-124801) ([md](https://advisorcensus.com/firm/pathway-financial-advisors-llc-south-burlington-vt-124801.md)) | 124801 | South Burlington, VT | SEC-registered investment adviser | $1 billion to $5 billion | 21 | % of assets, Hourly, Fixed fee |
| [Pochop Financial Management, Inc.](https://advisorcensus.com/firm/pochop-financial-management-inc-south-burlington-vt-141397) ([md](https://advisorcensus.com/firm/pochop-financial-management-inc-south-burlington-vt-141397.md)) | 141397 | South Burlington, VT | State-registered investment adviser | $25 million to $100 million | 20 | % of assets, Hourly |
| [Prentiss Smith & Company, Inc.](https://advisorcensus.com/firm/prentiss-smith-and-company-inc-brattleboro-vt-110928) ([md](https://advisorcensus.com/firm/prentiss-smith-and-company-inc-brattleboro-vt-110928.md)) | 110928 | Brattleboro, VT | SEC-registered investment adviser | $100 million to $500 million | 44 | % of assets |
| [Rock Point Advisors, LLC](https://advisorcensus.com/firm/rock-point-advisors-llc-burlington-vt-130825) ([md](https://advisorcensus.com/firm/rock-point-advisors-llc-burlington-vt-130825.md)) | 130825 | Burlington, VT | SEC-registered investment adviser | $500 million to $1 billion | 22 | % of assets |
| [Roots & Sparrow](https://advisorcensus.com/firm/roots-and-sparrow-343384) ([md](https://advisorcensus.com/firm/roots-and-sparrow-343384.md)) | 343384 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 0 | % of assets, Fixed fee |
| [Shipwright Advisors](https://advisorcensus.com/firm/shipwright-advisors-burlington-vt-329816) ([md](https://advisorcensus.com/firm/shipwright-advisors-burlington-vt-329816.md)) | 329816 | Burlington, VT | State-registered investment adviser | Under $25 million | 2 | % of assets, Fixed fee |
| [Soaring Wealth LLC](https://advisorcensus.com/firm/soaring-wealth-llc-299867) ([md](https://advisorcensus.com/firm/soaring-wealth-llc-299867.md)) | 299867 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 7 | % of assets, Hourly, Fixed fee |
| [Tack Wealth](https://advisorcensus.com/firm/tack-wealth-338489) ([md](https://advisorcensus.com/firm/tack-wealth-338489.md)) | 338489 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 0 | % of assets, Hourly, Fixed fee |
| [True North Financial Planning, LLC](https://advisorcensus.com/firm/true-north-financial-planning-llc-south-burlington-vt-170555) ([md](https://advisorcensus.com/firm/true-north-financial-planning-llc-south-burlington-vt-170555.md)) | 170555 | South Burlington, VT | State-registered investment adviser | Under $25 million | 12 | Hourly, Fixed fee |
| [Veteran Wealth Planning](https://advisorcensus.com/firm/veteran-wealth-planning-329756) ([md](https://advisorcensus.com/firm/veteran-wealth-planning-329756.md)) | 329756 | Not reported, Not reported | State-registered investment adviser | Under $25 million | 2 | % of assets, Hourly, Fixed fee |
| [Williams Financial, LLC](https://advisorcensus.com/firm/williams-financial-llc-north-bennington-vt-137038) ([md](https://advisorcensus.com/firm/williams-financial-llc-north-bennington-vt-137038.md)) | 137038 | North Bennington, VT | SEC-registered investment adviser | $100 million to $500 million | 6 | % of assets, Hourly, Fixed fee |

## Questions people ask

**How many financial advisory firms are there in Vermont?**
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.

**How many fee-only financial advisors are in Vermont?**
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.

**How many financial advisors in Vermont offer financial planning?**
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.

**Are the financial advisors in Vermont fiduciaries?**
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.

**How do I check whether a financial advisor has disciplinary disclosures?**
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.

**Does AdvisorCensus rate, verify, or recommend these firms?**
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.

**What does regulatory assets under management mean?**
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.

## Related pages

- [Financial advisors in Vermont](https://advisorcensus.com/advisors/vt) (https://advisorcensus.com/advisors/vt.md)
- [Flat-fee financial advisors in Vermont](https://advisorcensus.com/advisors/vt/flat-fee) (https://advisorcensus.com/advisors/vt/flat-fee.md)
- [Hourly financial advisors in Vermont](https://advisorcensus.com/advisors/vt/hourly) (https://advisorcensus.com/advisors/vt/hourly.md)
- [Fee-only financial advisors in Burlington, VT](https://advisorcensus.com/advisors/vt/burlington/fee-only) (https://advisorcensus.com/advisors/vt/burlington/fee-only.md)

Cite as: AdvisorCensus. Fee-only financial advisors in Vermont: 33 firms from Form ADV filings as of October 2026.