# H.M. Payson

> 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.

- CRD: 2993
- Filed as: H.M. PAYSON
- Legal name: H. M. Payson & Co.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Portland, ME
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/2993
- AdvisorCensus page: https://advisorcensus.com/firm/h-m-payson-portland-me-2993

## Quick answers

**How is H.M. Payson compensated?**
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).

**Where is H.M. Payson located?**
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).

**Is H.M. Payson registered with the SEC or a state?**
H.M. Payson is an SEC-registered investment advisory firm, registered since 1966. Status as filed: Approved. CRD 2993.

**How much does H.M. Payson manage?**
H.M. Payson reports $9,089,039,931 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (94% discretionary).

**How have H.M. Payson's assets and staff changed since 2021?**
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.

**What types of clients does H.M. Payson serve?**
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).

**Does H.M. Payson report any disciplinary disclosures?**
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

**What changed in H.M. Payson's recent Form ADV filings?**
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%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Regulatory assets under management (Item 5.F)
- Total: $9,089,039,931
- Discretionary: $8,572,706,365
- Non-discretionary: $516,333,566

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 3,051 | $1,736,515,096 |
| High net worth individuals | 910 | $5,305,894,856 |
| Investment companies | 1 | $321,213,099 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 71 | $228,796,654 |
| Charitable organizations | 179 | $701,521,976 |
| Corporations or other businesses not listed above | 96 | $795,098,250 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 1966 (60 years)
- Employees: 34 total, 29 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: 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
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Brunswick, ME
- Damariscotta, ME

### Websites listed on Form ADV (Item 1.I)
- hmpayson.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $5,186,371,052 | 27 | March 31, 2021 |
| October 2022 | $6,751,331,883 | 32 | March 31, 2022 |
| October 2023 | $6,182,778,190 | 32 | March 29, 2023 |
| October 2024 | $6,955,171,652 | 33 | March 29, 2024 |
| October 2025 | $8,129,599,283 | 36 | March 28, 2025 |
| October 2026 | $9,089,039,931 | 34 | March 31, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. H.M. Payson (CRD 2993): Form ADV filing data as of October 2026.