# R M Davis Inc

> R M Davis Inc is an SEC-registered investment advisory firm in Portland, ME, registered since 1978, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 105448
- Filed as: R M DAVIS INC
- Also doing business as: R M DAVIS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Portland, ME
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/105448
- AdvisorCensus page: https://advisorcensus.com/firm/r-m-davis-inc-portland-me-105448

## Quick answers

**How is R M Davis Inc compensated?**
On its Form ADV (Item 5.E, October 2026), R M Davis Inc reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**How much does R M Davis Inc charge?**
Its Form ADV Part 2A brochure dated March 30, 2026 states: Hourly rate: $500 an hour (portfolio consulting services). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is R M Davis Inc located?**
R M Davis Inc'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 R M Davis Inc registered with the SEC or a state?**
R M Davis Inc is an SEC-registered investment advisory firm, registered since 1978. Status as filed: Approved. CRD 105448.

**How much does R M Davis Inc manage?**
R M Davis Inc reports $8,154,674,961 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have R M Davis Inc's assets and staff changed since 2021?**
In the Form ADV data for R M Davis Inc: Regulatory assets under management: $5,380,525,208 in the October 2021 data and $8,154,674,961 in the October 2026 data, up 52%. Total employees: 47 in October 2021 and 63 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does R M Davis Inc serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (1,300); individuals (other than high net worth individuals) (1,042); charitable organizations (57).

**Which custodians does R M Davis Inc use?**
R M Davis Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets.

**Does R M Davis Inc 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/105448

**What changed in R M Davis Inc's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 24 to 25. Regulatory assets under management went from $7,267,414,894 to $8,154,674,961 (+12%). Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 30, 2026)

- Hourly rate: $500 an hour (portfolio consulting services)

> The Company’s fees for portfolio consulting services are negotiated and are dependent on the nature and magnitude of the consultations but are not normally less than $500.00 per hour.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- National Financial Services LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $8,154,674,961
- Discretionary: $8,131,827,841
- Non-discretionary: $22,847,120

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 1,042 | $649,115,231 |
| High net worth individuals | 1,300 | $6,972,099,441 |
| Banking or thrift institutions | Not reported | $0 |
| Investment companies | Not reported | $0 |
| Business development companies | Not reported | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | Not reported | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 10 | $50,146,679 |
| Charitable organizations | 57 | $357,516,156 |
| State or municipal government entities (including government pension plans) | 6 | $15,209,144 |
| Other investment advisers | Not reported | $0 |
| Insurance companies | Not reported | $0 |
| Sovereign wealth funds and foreign official institutions | Not reported | $0 |
| Corporations or other businesses not listed above | 22 | $110,588,310 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 1978 (48 years)
- Employees: 63 total, 25 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, CT, DC, FL, GA, IL, IN, MA, MD, ME, MN, MT, NC, NH, NJ, NY, OR, PA, RI, SC, TN, TX, UT, VA, VT, WA, WI
- 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
- Portland, ME
- Portsmouth, NH

### Websites listed on Form ADV (Item 1.I)
- rmdavis.com
- LinkedIn @R-M-DAVIS-INC-

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $5,380,525,208 | 47 | March 23, 2021 |
| October 2022 | $6,804,970,153 | 50 | January 27, 2022 |
| October 2023 | $5,757,647,950 | 55 | April 3, 2023 |
| October 2024 | $6,315,757,763 | 57 | March 27, 2024 |
| October 2025 | $7,267,414,894 | 61 | June 25, 2025 |
| October 2026 | $8,154,674,961 | 63 | March 30, 2026 |

Regulatory assets under management: $5,380,525,208 in the October 2021 data and $8,154,674,961 in the October 2026 data, up 52%.
Total employees: 47 in October 2021 and 63 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 24 to 25.
- Regulatory assets under management went from $7,267,414,894 to $8,154,674,961 (+12%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. R M Davis Inc (CRD 105448): Form ADV filing data as of October 2026.