H. M. Payson & Co. (Portland)


H. M. Payson & Co. is a large advisory firm based in Portland. It manages $3.64 billion of regulatory assets for 2,898 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 18 other states.

H. M. Payson & provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, pension consulting services, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

H. M. Payson &: assets under management

The assets under management (AUM) of H. M. Payson & Co. is $3.64 billion. The firm's AUM has grown by 190% since the beginning of its operation, and $665 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $3.24 billion in discretionary accounts and $398.93 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.22 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.64 million.
H. M. Payson & has custody of $2.87 billion in cash and securities for 2,284 clients in total and acts as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 98% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay H. M. Payson & Co. for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients John Severin Beliveau serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of John Severin Beliveau is high net worth individuals with 1,133 clients and $2.49 billion of assets under management. Among the 10 most similar advisory firms, H. M. Payson & has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $3.64 billion for 2,898 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

H. M. Payson & doesn't advise any private funds.

Careers at H. M. Payson & Co.

The company employs 27 people that are either part- or full-time employees. 85 percent of the employees work as investment advisers or researchers. 15 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

John Severin Beliveau has been acting as President since 1 Jan 2005. Derek Richard Blackburn joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
John Herman Walker Managing director & president 1 Jan 1987 Other 457194
Thomas Madigan Pierce Managing director 1 Jan 1987 Other 819198
Peter Eliot Robbins Managing director, chief executive officer, chief investment officer & board member 1 Jul 1993 Other 1022085
John Clayton Downing Managing director & treasurer 1 Jan 1994 Other 1227358
Harold John Dixon Managing director & secretary 1 Aug 1995 Other 68810
John Cleveland Knox Managing director 1 Aug 1995 Other 824859
Teresa Margaret Esposito Managing director 1 Aug 1995 Other 2729388
William Oley Hall Managing director 1 Jan 1997 Other 1900456
Michael Robert Currie Managing director, president & board member 1 Apr 1998 Other 2880899
William Nelson Weickert Managing director & secretary 1 Jan 2000 Other 1046321
William Nelson Jr Weickert Managing director 1 Jan 2000 Other 1046321
John Severin Beliveau Director 1 Jan 2005 Other 2044870
Joel Shorey Harris Director 1 Jan 2005 Other 1028770
Joel Shorey Harris Managing director 1 Jan 2008 Other 1028770
John Severin Beliveau Managing director 1 Jan 2008 Other 2044870
David Reed Hines Managing director & director of research 1 Jun 2009 Other 4711307
Kevin James Manning Chief compliance officer 1 Feb 2012 Other 2372102
Daniel Michael Lay Managing director 1 Feb 2013 Other 1263172
Eleni C Richardson Chief compliance officer 1 Sep 2013 Other 5717700
Tami M Pester Chief compliance officer 1 Mar 2014 Other 3246212
Emily Christy Chief compliance officer 1 Oct 2014 Other 5265660
Thomas Madigan Pierce Managing director & chairman of the board 1 Jan 2015 Other 819198
Teresa Margaret Esposito Managing director, treasurer, chief operations officer 1 Jan 2015 Other 2729388
John Severin Beliveau Managing director, board member 1 Jan 2015 Other 2044870
Daniel Michael Lay Managing director, board member 1 Jan 2015 Other 1263172
Derek Richard Blackburn Chief compliance officer 1 Sep 2015 Other 4281805

Based in Portland

The principal office where H. M. Payson & Co. performs its advisory services is located at One Portland Square, 5 Th Floor, Portland, ME 04101 The mailing address of the firm is Po Box 31, Portland, ME 04112. An additional office of the firm is in Damariscotta, ME. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 207-772-3761 or by fax 207-871-7508. The normal business hours are 8:30am to 4:30pm on Monday - Friday. You can find more information about the New York firm at hmpayson.com/.

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