Why should I hire a financial advisor to manage my money?

The core objective of a financial advisor is to get your finances on the right track & help you strategize your spendings, investments & savings to mitigate the future financial risks. A financial advisor creates a plan for you based on your short term & long term financial goals keeping the market situations into consideration and provides you a roadmap to attain those goals.

How can I pick a good financial advisor?

A good financial advisor is the one who has a sound knowledge of managing finances, the experience of working with market ups & downs & most importantly - understands your financial goals & needs well. To find a 'good' financial advisor, you need to get your financial goals defined & choose the best fiduciary financial advisor that puts your best interest on priority. Choose the best financial advisor for you with our financial advisor's directory.

What's the difference between a financial planner and a financial advisor?

A financial Advisor provides a vast spectrum of advisory investment management, debt repayment, tax planning, estate planning, retirement planning, insurance depending on your need, whereas a financial planner helps you create a financial plan to help you meet your goals. While the work of a financial planner & a financial overlap at a certain point, there is a fine line of difference based on cost, goals & way of working between the two.

How much money should you have before getting a financial advisor?

The cost of a financial advisor depends upon factors like experience, certifications & the type of financial advisor. Cost varies as per the type of financial advisor you choose as no one-size-fits-all compensation option for advisors. The most common ways a financial advisor is compensated are fee-only, hourly rates, commission-based, fixed flat rates & percentage of the account. You need to talk to your advisor about the cost involved before hiring the one.

What type of financial advisor do I need?

Given a wide variety of financial advisors, if you are unable to analyze the type of financial advisor you need, you should consult an advisor who can look at the complete picture. In general terms, the CFP or ChFC certified financial advisor is a preferred choice as in order to achieve the certification one needs a good amount of hands-on experience.

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Find The Best Financial Advisors in Maine

Connecting with the right financial advisor at the right time can help you streamline your financial plan and build financial strategies for the future.

Trusting someone to manage your finances is a big step to take. Finding the right financial advisor in Alabama involves going through a number of financial expert profiles and a large number of options can leave you confused.

How To Find The Best Financial Advisors in Maine
Last Updated - 13-Jun-2023

If you’re looking for qualified financial advisors in Maine, FinancialAdvisor.net is a useful resource. We've compiled a list of the 0 vetted financial advisors and 30 non-vetted financial advisors in Maine, along with their fee structure, investment strategies, financial services they provide, and more. These financial advisors in Maine have an average of 0 years of experience.

If you need more personalized assistance, you may also use our free financial advisor match service to find, compare and connect with 2 to 3 financial advisors matched to your specific needs, who serve in your area.

List of Qualified Financial Advisors in Maine

Top Financial Advisor Firms in Maine (Ranked by AUM)

Firm Name	Firm CRD#	Total AUM	No. of Clients	Fee Structure
H.M. PAYSON One Portland Square, 5th Floor, Portland, ME, 04101	2993	$6,955,171,652	4017	A percentage of AUM, Fixed fees
R M DAVIS INC 24 City Center, Portland, ME, 04101-4069	105448	$6,315,757,763	5680	A percentage of AUM, Hourly charges, Fixed fees
GREENBACKER CAPITAL MANAGEMENT LLC 30 Danforth Street, Suite 206 Portland, ME, 04101	277101	$3,800,000,000	7	A percentage of AUM, Performance Based
MEANS WEALTH MANAGEMENT 802 Stillwater Ave., Bangor, ME, 04401-3614	2748	$976,990,954	3038	A percentage of AUM, Hourly charges, Other (PROVIDE GENERAL ADVICE & FIN. PLANNING SVCS FOR A NEGOTIATED FEE)
HEADINVEST 7 Custom House St, 4th Floor Portland, ME, 04101-4194	140518	$897,644,886	1240	A percentage of AUM, Hourly charges, Fixed fees
PORTLAND GLOBAL ADVISORS LLC 217 Commercial St, Suite 400 Portland, ME, 04101	109127	$894,628,115	813	A percentage of AUM, Fixed fees
OLD PORT ADVISORS 130 Middle Street, 2nd Floor Portland, ME, 04101-7104	108228	$698,391,919	2276	A percentage of AUM, Hourly charges, Fixed fees
GREAT DIAMOND PARTNERS, LLC 22 Monument Square, Suite 300 Portland, ME, 04101	299598	$613,396,493	1618	A percentage of AUM, Hourly charges, Fixed fees
FOW PARTNERS, LP 100 Commercial Street, Suite 220 Portland, ME, 04101	329051	$611,986,075	5	A percentage of AUM, Performance Based
BIGELOW INVESTMENT ADVISORS, LLC 2 Monument Square, Suite 701 Portland, ME, 04101	143733	$476,220,823	869	A percentage of AUM, Fixed fees
HARPSWELL CAPITAL ADVISORS, LLC 41 Campus Drive, Suite 203 New Gloucester, ME, 04260	168996	$446,184,778	56	A percentage of AUM
PENOBSCOT FINANCIAL ADVISORS One Monument Square, Suite 501 Portland, ME, 04101	286211	$434,543,021	1925	A percentage of AUM, Hourly charges, Fixed fees
ARIES WEALTH MANAGEMENT, LLC 70 Center Street, 2nd Floor Portland, ME, 04101	175477	$426,103,505	557	A percentage of AUM
COSTON, MCISAAC & SHEA FINANCIAL ADVISORS 38 Rodick Street-Suite B, Bar Harbor, ME, 04609-1806	194515	$405,676,340	1513	A percentage of AUM, Fixed fees
ROBINSON SMITH WEALTH ADVISORS, LLC 82 Running Hill Road, Suite 205 South Portland, ME, 04106	123098	$334,336,216	790	A percentage of AUM, Fixed fees

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