{
  "crd_number": 2993,
  "slug": "h-m-payson-portland-me-2993",
  "primary_business_name": "H.M. PAYSON",
  "legal_name": "H. M. PAYSON & CO.",
  "dbas": [],
  "city": "Portland",
  "state": "ME",
  "country": "United States",
  "cbsa_code": "38860",
  "metro": {
    "cbsa_code": "38860",
    "common_name": "Portland",
    "msa_name": "Portland-South Portland, ME",
    "path": "/advisors/me/portland"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1966-01-15",
  "years_registered": 60,
  "period": "2026-10-01",
  "filing_date": "2026-03-31",
  "carried_forward": false,
  "raum_total": 9089039931.0,
  "raum_discretionary": 8572706365.0,
  "raum_non_discretionary": 516333566.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 34,
  "advisory_employees": 29,
  "client_count_bucket": null,
  "clients_by_type": {
    "charitable": {
      "raum": 701521976.0,
      "count": 179
    },
    "individuals": {
      "raum": 1736515096.0,
      "count": 3051
    },
    "investment_companies": {
      "raum": 321213099.0,
      "count": 1
    },
    "pension_profit_sharing": {
      "raum": 228796654.0,
      "count": 71
    },
    "high_net_worth_individuals": {
      "raum": 5305894856.0,
      "count": 910
    },
    "corporations_other_businesses": {
      "raum": 795098250.0,
      "count": 96
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "pension_consulting",
    "periodicals_newsletters",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AK",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MS",
    "MT",
    "NC",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OR",
    "PA",
    "SC",
    "TN",
    "TX",
    "VA",
    "VT",
    "WA",
    "WI",
    "WY"
  ],
  "websites": [
    "https://hmpayson.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/2993",
  "city_as_filed": "PORTLAND",
  "url": "https://advisorcensus.com/firm/h-m-payson-portland-me-2993",
  "display_name": "H.M. Payson",
  "summary": "H.M. Payson is an SEC-registered investment advisory firm in Portland, ME, registered since 1966, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.",
  "citation": "AdvisorCensus. H.M. Payson (CRD 2993): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Publication of periodicals or newsletters",
    "Educational seminars/workshops"
  ],
  "quick_answers": [
    {
      "q": "How is H.M. Payson compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), H.M. Payson reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)."
    },
    {
      "q": "Where is H.M. Payson located?",
      "a": "H.M. Payson's principal office is in Portland, ME, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is H.M. Payson registered with the SEC or a state?",
      "a": "H.M. Payson is an SEC-registered investment advisory firm, registered since 1966. Status as filed: Approved. CRD 2993."
    },
    {
      "q": "How much does H.M. Payson manage?",
      "a": "H.M. Payson reports $9,089,039,931 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (94% discretionary)."
    },
    {
      "q": "How have H.M. Payson's assets and staff changed since 2021?",
      "a": "In the Form ADV data for H.M. Payson: Regulatory assets under management: $5,186,371,052 in the October 2021 data and $9,089,039,931 in the October 2026 data, up 75%. Total employees: 27 in October 2021 and 34 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does H.M. Payson serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (3,051); high net worth individuals (910); charitable organizations (179)."
    },
    {
      "q": "Does H.M. Payson report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/2993"
    },
    {
      "q": "What changed in H.M. Payson's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 31 to 29. Regulatory assets under management went from $8,129,599,283 to $9,089,039,931 (+12%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 5186371052.0,
      "total_employees": 27,
      "filing_date": "2021-03-31"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 6751331883.0,
      "total_employees": 32,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 6182778190.0,
      "total_employees": 32,
      "filing_date": "2023-03-29"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 6955171652.0,
      "total_employees": 33,
      "filing_date": "2024-03-29"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 8129599283.0,
      "total_employees": 36,
      "filing_date": "2025-03-28"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 9089039931.0,
      "total_employees": 34,
      "filing_date": "2026-03-31"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 31 to 29.",
        "Regulatory assets under management went from $8,129,599,283 to $9,089,039,931 (+12%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/h-m-payson-portland-me-2993.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 3051,
      "fewer_than_5": false,
      "raum": 1736515096.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 910,
      "fewer_than_5": false,
      "raum": 5305894856.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 321213099.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 71,
      "fewer_than_5": false,
      "raum": 228796654.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 179,
      "fewer_than_5": false,
      "raum": 701521976.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 96,
      "fewer_than_5": false,
      "raum": 795098250.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/2993",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}