DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
H.M. Payson
Legal name H. M. Payson & Co.
Latest filing Mar 31, 2026
First filing on the tape Mar 26, 2012 · 29 filings
SEC status approved since Jan 15, 1966
RAUM
$9.1B
reported, Item 5.F
Discretionary
94%
of RAUM
Private clients
77%
$7.0B individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$9.1B
derived; firm RAUM over IAPD count
Employees
34
29 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
1
reported on Schedule D
History
29 filings and snapshots on the tape
RAUM$9.1B as of Mar 31, 2026
Mar 26, 2012$1.7B then
HNW client RAUM$5.3B as of Mar 31, 2026
Mar 30, 2018$1.3B then
State-registered IARs (5.B.3)15 as of Mar 31, 2026
Mar 26, 20120 then
Employees (5.A)34 as of Mar 31, 2026
Apr 1, 201323 then
Private funds1 as of Mar 31, 2026
May 14, 20201 then
RAUM +12% over the last fiscal year+14% a year over threeIARs 15 to 15
Practice profile
derived from the filing of Mar 31, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
- RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $9.1BderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 3,961derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $5.8MderivedHNW RAUM over HNW clients
- Average account
- $2.1MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 94%derivedof RAUM
- Institutional
- 10%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 34.0derivedItem 5.A over advisors
- Advisors per office
- 0.3derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +12%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +2.8%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for investment companies, pension consulting, publications, educational seminarsreportedItem 5.G
- Custody
- $5.5B, 2,124 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- is a trust company (6.A.8)
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- the adviser acts as qualified custodian (9.D.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$5.3B58%
- Individuals$1.7B19%
- Corporations and businesses$795M8.7%
- Charitable organizations$702M7.7%
- Investment companies$321M3.5%
- Pension and profit-sharing plans$229M2.5%
- Individual clients
- 3,051reported
- HNW clients
- 910reported
- Pension plan clients
- 71reported
- Charitable clients
- 179reported
- Accounts
- 4,308reported
- Financial planning clients
- 51-100reported
- Wrap fee programs
- noreported
- Custody of client assets
- $5.5B for 2,124 clientsreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.77 fund_share=0.04 institutional_share=0.1 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
8 left, 0 joined in 12 months
net -8 in 12 months8 left in 90 days0 joined in 90 daysdeparture rate 800% of current headcount8 left over 36 months
Left, latest
- David Reed Hines to CorientAug 26, 2026 · RIA to RIA
- Thomas Madigan Pierce to CorientAug 26, 2026 · RIA to RIA
- Peter Eliot Robbins to CorientAug 26, 2026 · RIA to RIA
- Margaret C Reinfried to CorientAug 21, 2026 · RIA to RIA
- Daniel Michael Lay to CorientAug 21, 2026 · RIA to RIA
- James Olver Flower to CorientAug 21, 2026 · RIA to RIA
- John Severin Beliveau to CorientAug 20, 2026 · RIA to RIA
- Timothy P Griffin to CorientAug 20, 2026 · RIA to RIA
- John Cleveland Knox to Advisory Services NetworkJan 30, 2013 · Other
- John Clayton Downing to Advisory Services NetworkJan 30, 2013 · Other
- William Oley Hall to Zephyr Management, L.P.Dec 31, 2002 · Other
Joined, latest
- James Olver Flower from Old Port AdvisorsMay 5, 2017 · Other
- Margaret C Reinfried from Modera Wealth Management, LLCDec 9, 2014 · Other
Private funds
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| H.M. Payson Private Markets, LP | Private Equity Fund | $38.2M | 46 | May 14, 2020 |
Owners and control persons
Schedule A and B, latest filing
- Severin John Beliveau · Managing Director, Board Membercontrolsince 01/2015 · owns 10% to 25%
- Richard Derek Blackburn · Chief Compliance Officer, Managing Directorcontrolsince 09/2015 · owns less than 5%
- Robert Michael Currie · Managing Director, President & Board Membercontrolsince 04/1998 · owns 10% to 25%
- Joel Shorey Harris · Managing Directorcontrolsince 01/2008 · owns less than 5%
- Reed David Hines · Managing Director & Director Of Researchcontrolsince 06/2009 · owns less than 5%
- Michael Daniel Lay · Managing Director, Board Membercontrolsince 01/2015 · owns 10% to 25%
- Madigan Thomas Pierce · Managing Directorcontrolsince 01/2015 · owns 10% to 25%
- C Margaret Reinfried · Managing Director, Board Membercontrolsince 11/2021 · owns less than 5%
- Eliot Peter Robbins · Managing Director, Chief Executive Officer, Chief Investment Officer & Board Membercontrolsince 07/1993 · owns 10% to 25%
- Nelson William Weickert · Managing Directorcontrolsince 01/2000 · owns 5% to 10%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Portland, Me · principal | 1 | 0 | 8 |
Offices
Schedule D 1.F, the 25 largest
- Brunswick, ME3 employees
- Damariscotta, ME1 employees
What changed
consecutive filings, newest first
- Accounts · 4,190 to 4,308Mar 28, 2025 to Mar 31, 2026
- Advisory employees · 31 to 29Mar 28, 2025 to Mar 31, 2026
- Charity clients · 178 to 179Mar 28, 2025 to Mar 31, 2026
- Corporate clients · 84 to 96Mar 28, 2025 to Mar 31, 2026
- HNW clients · 823 to 910Mar 28, 2025 to Mar 31, 2026
- Individual clients · 3,030 to 3,051Mar 28, 2025 to Mar 31, 2026
- Pension plan clients · 74 to 71Mar 28, 2025 to Mar 31, 2026
- Assets in custody · $4.9B to $5.5BMar 28, 2025 to Mar 31, 2026
- Employees · 36 to 34Mar 28, 2025 to Mar 31, 2026
- Discretionary RAUM · $7.6B to $8.6BMar 28, 2025 to Mar 31, 2026
- HNW RAUM · $4.5B to $5.3BMar 28, 2025 to Mar 31, 2026
- Individual RAUM · $1.7B to $1.7BMar 28, 2025 to Mar 31, 2026
- Non-discretionary RAUM · $485M to $516MMar 28, 2025 to Mar 31, 2026
- Pension RAUM · $268M to $229MMar 28, 2025 to Mar 31, 2026
- RAUM · $8.1B to $9.1BMar 28, 2025 to Mar 31, 2026
- Accounts · 4,017 to 4,190Mar 29, 2024 to Mar 28, 2025
- Advisory employees · 28 to 31Mar 29, 2024 to Mar 28, 2025
- Charity clients · 241 to 178Mar 29, 2024 to Mar 28, 2025
- Corporate clients · 88 to 84Mar 29, 2024 to Mar 28, 2025
- HNW clients · 710 to 823Mar 29, 2024 to Mar 28, 2025
- Individual clients · 2,905 to 3,030Mar 29, 2024 to Mar 28, 2025
- Pension plan clients · 72 to 74Mar 29, 2024 to Mar 28, 2025
- Assets in custody · $4.4B to $4.9BMar 29, 2024 to Mar 28, 2025
- Employees · 33 to 36Mar 29, 2024 to Mar 28, 2025
- Financial planning clients · 51-100 to 51-100Mar 29, 2024 to Mar 28, 2025
- Discretionary RAUM · $6.5B to $7.6BMar 29, 2024 to Mar 28, 2025
- HNW RAUM · $3.8B to $4.5BMar 29, 2024 to Mar 28, 2025
- Individual RAUM · $1.7B to $1.7BMar 29, 2024 to Mar 28, 2025
- Non-discretionary RAUM · $475M to $485MMar 29, 2024 to Mar 28, 2025
- Pension RAUM · $244M to $268MMar 29, 2024 to Mar 28, 2025
- RAUM · $7.0B to $8.1BMar 29, 2024 to Mar 28, 2025
- Accounts · 3,724 to 4,017Mar 29, 2023 to Mar 27, 2024
- Charity clients · 184 to 241Mar 29, 2023 to Mar 27, 2024
- Corporate clients · 75 to 88Mar 29, 2023 to Mar 27, 2024
- HNW clients · 583 to 710Mar 29, 2023 to Mar 27, 2024
- Individual clients · 2,848 to 2,905Mar 29, 2023 to Mar 27, 2024
- Pension plan clients · 33 to 72Mar 29, 2023 to Mar 27, 2024
- Assets in custody · $3.8B to $4.4BMar 29, 2023 to Mar 27, 2024
- Employees · 32 to 33Mar 29, 2023 to Mar 27, 2024
- Discretionary RAUM · $5.7B to $6.5BMar 29, 2023 to Mar 27, 2024
Signals
12 dated events
- David Reed Hines left H.M. Payson for Corient (registered 2026-08-21)Aug 26, 2026 · Advisor changed firm · fact
- Thomas Madigan Pierce left H.M. Payson for Corient (registered 2026-08-20)Aug 26, 2026 · Advisor changed firm · fact
- Peter Eliot Robbins left H.M. Payson for Corient (registered 2026-08-27)Aug 26, 2026 · Advisor changed firm · fact
- James Olver Flower left H.M. Payson for Corient (registered 2026-08-17)Aug 21, 2026 · Advisor changed firm · fact
- Margaret C Reinfried left H.M. Payson for Corient (registered 2026-08-18)Aug 21, 2026 · Advisor changed firm · fact
- Daniel Michael Lay left H.M. Payson for Corient (registered 2026-08-13)Aug 21, 2026 · Advisor changed firm · fact
- John Severin Beliveau left H.M. Payson for Corient (registered 2026-08-14)Aug 20, 2026 · Advisor changed firm · fact
- Timothy P Griffin left H.M. Payson for Corient (registered 2026-08-26)Aug 20, 2026 · Advisor changed firm · fact
- H.M. Payson's advisors moved to Corient (Portland, ME): 8 of 9 registered, within 6 daysAug 20, 2026 · Firm absorbed (people side) · derived
- H.M. Payson reported RAUM $6.8B, up 30% from $5.2B (2021-11-04 to 2022-03-31)Mar 31, 2022 · RAUM change · derived
- C Margaret Reinfried (Managing Director, Board Member) appeared on Schedule A of H.M. PaysonMar 31, 2022 · Control person joined · fact
- H.M. Payson reported RAUM $4.6B, up 26% from $3.6B (2019-06-04 to 2020-05-14)May 14, 2020 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
- H.M. Payson · Independent Sponsorsshared crd · capital_provider
- H.M. Payson · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Website
- HMPAYSON.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 207-772-3761reportedpublic record, Form ADV, Mar 31, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $9.1Bderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026