7 Finest Financial Advisors in Portland, Maine – 2020 – Benzinga – Benzinga

20May 2020

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Portland is the most populated city in Maine and it boasts a wealth of financial planning companies to match. Take a look at Benzinga’s list of the very best financial consultants in the Portland location to direct your search.

Finest Monetary Advisors in Portland Near You:

Best for Retirement Preparation: Robinson Smith Wealth Advisors

Robinson Smith Wealth Advisors is a fee-only firm that serves New England with offices in Maine and New Hampshire. The company uses detailed wealth management and financial investment encouraging. Robinson Smith has approximately 160 clients and focuses on people. It also serves businesses, trusts, estates and charities.

The firm can assist you through major financial milestones like selling a company. It also takes special interest in the unique requirements of female clients.

Robinson Smith’s specialized is as a consultant for retirement. The firm can help you start your journey or change its course by prioritizing long-term investments. Robinson Smith uses evidence-based investments and modern-day portfolio theory to diversify your portfolio.

Investment management fees range from 1.00% to 0.40% of assets under management (AUM). Charges reduce as assets increase.


No account minimum



  • Financial preparation services
  • Choice of other advisers (including private fund managers)
  • A percentage of properties under your management
  • Per hour charges
  • Set charges (besides membership fees)
Commissions FREE automated investing Account Minimum $100 for routine accounts$ 500 for retirement

accounts Finest Robo-Advisor: M1 Financing M1 Financing offers the benefit of a robo-advisor and a financial investment supervisor to immediately balance your portfolio according to your selected portfolio strategy. You can pick from over 80 portfolio methods

or customize with affordable exchange-traded funds (ETFs)and private stocks. M1 uses fractional shares too. An M1 Fundamental account has no management fees and a $100 minimum. M1 Premium is offered if you have a minimum balance of$25,000. Premium has the included benefit of an afternoon trading window for more control of your investments.

M1 is best for experienced financiers, however you can also find success if you’re a beginner who takes pleasure in a difficulty.

Best for Nonprofits: HeadInvest

HeadInvest is a fee-only fiduciary that has run in Portland since 1989. HeadInvest recommends individuals and organizations and has knowledge in personal wealth management.

Nonprofit customers get approved for a discount of approximately 20%. Personal clients can discover support for retirement preparation or multi-generational wealth issues like inheritance. The firm is likewise able to meet the distinct requirements of entrepreneur or female customers.

HeadInvest’s financial investment philosophy concentrates on analysis for objective choice making. Advisors deal with you to select an equity, fixed-income or well balanced portfolio using a 3-step process:

  1. Select and prioritize assets for your portfolio mix.
  2. Purchase securities aligned with your property allotment method.
  3. Ongoing analysis and important rebalancing.

The firm has a tiered charge structure and starts at 1% of AUM for your 1st $1,000,000. The charge lowers to 0.75% at $2,000,000 and to 0.50% at $3,000,000.





  • Financial preparation services
  • Choice of other advisers (consisting of personal fund supervisors)
  • Publication of regulars or newsletters
  • Educational seminars/workshops
  • A percentage of properties under your management
  • Hourly charges
  • Set costs (other than membership fees)
Pricing 0.25%annual cost Account Minimum $0 Finest Mobile App: Improvement Improvement, a digital investment advisor, is simple for anybody to utilize. It gets reward points for its streamlined, extremely functional app. You can begin investing today utilizing Betterment Digital with simply a$10 deposit and no account minimum. Access Betterment Premium if you keep at least $100,000 in your account. Premium also offers the service of a devoted licensed financial planner (CFP). Improvement Digital’s detailed, modular monetary planning is at your disposal– costs vary by segment.

You’ll discover a few various goal-driven portfolio designs to pick from or you can construct your own portfolio mix. Betterment auto-adjusts your portfolio to rebalance as needed. You’ll discover an easy cost structure for financial investment management– 0.40% of AUM for Premium and 0.25% of AUM for Digital.

Other services and products consist of preparation and management for individual and shared accounts, trusts and Traditional, Roth, SEP and rollover Individual retirement accounts. You might link outside accounts like a 401(k) for advice just.

Cornerstone Financial Advisors is a fee-only company that provides investment management, monetary preparation, divorce preparation and hourly consulting. It likewise uses monetary education workshops at $25 to $50 per session.

Cornerstone stands out due to the fact that of its divorce planning services. The firm has 2 CFPs who are also Qualified Divorce Financial Planners (CDFP). A CDFP is particularly able to recognize and mitigate the special financial challenges that may come with the dissolution of joint finances.

Cornerstone’s customers include people, trusts, estates and charitable companies. Financial investment encouraging focuses mainly on shared and exchange-traded funds. The company’s cost structure begins at 1% of AUM for the 1st $1,000,000. It lowers to 0.60% and 0.30% at $1,000,0001 and $4,000,001, respectively.





  • Financial planning services
  • Choice of other consultants (including personal fund supervisors)
  • Educational seminars/workshops
  • A percentage of possessions under your management
  • Per hour charges
  • Fixed costs (besides membership costs)
Commissions 0.49%– 0.89%Charges range based on deposit amount and services utilized Account Minimum$25,000 Finest Portfolio Analysis: Personal Capital Personal Capital is a thorough monetary planner and robo-advisor for high net-worth customers who can preserve a$100,000 account

minimum. Personal Capital is a digital platform, however you’ll likewise get access to a team of human advisors. Personal Capital assigns your account 2 specialists for more tailored encouraging if you preserve a balance of a minimum of $200,000. Estate preparation is offered at a $1,000,000 balance.

All clients have access to thorough financial planning services. Personal Capital offers a clear view of your portfolio analysis. Portfolio style is goal-based and prioritizes tax optimization methods. Financial investment management costs range from 0.89% to 0.49% of AUM yearly.

Personal Capital provides all the benefits of online financial investment with the individualized technique you expect from a consultant relationship.

Finest for College Specialists: Penobscot Financial Advisors

Penobscot Financial Advisors offers financial preparation and investment advisory services. You can also select detailed wealth management to combine the 2. The firm encourages individuals, trusts, estates and charitable companies.

Penobscot uses holistic wealth management to people used by specific New England higher education organizations. It’s the independent company that serves the most Brand-new England experts with Teachers Insurance coverage and Annuity Association of America (TIAA) plans. TIAA is an insurance coverage annuity retirement strategy for educators.

Financial planning costs a flat rate fee scaled by income. Investment management has a tiered fee structure in between 0.15% of AUM to 0.75% AUM.





  • Financial planning services
  • Pension consulting services
  • A portion of possessions under your management
  • Per hour charges
  • Set fees (aside from membership costs)

Regularly Asked Questions

Q: Can financial advisors help reduce financial obligation?

A: Yes. A coordinator can encourage you on best practices if financial obligation management belongs to your financial objective. But they can’t straight handle it for you. Your follow-through is essential to successful financial obligation management.

Q: What’s the difference between financial preparation and retirement preparation?

A: Financial preparing concentrates on managing your wealth as you accumulate it, however comprehensive preparation frequently includes retirement methods. Retirement preparing goals to maximize your accumulated earnings to guarantee financial security after you quit working.

Q: Which accreditations should my financial coordinator have?

A: A planner needs to be a Certified Financial Coordinator ™ (CFP ®), accredited public accountant (Certified Public Accountant) or chartered monetary expert (CFA). A CFP is the most comprehensive certification. Certified public accountants concentrate on accounting and tax planning. CFA knowledge lies in financial investment and monetary analysis.

Benefit From a Monetary Advisor

Take advantage of your finances or get help with a specific niche worry about a professional financial consultant. The majority of financial consultant firms use monetary planning and financial investment management services, so you can set a clear technique for the future while growing your income.

The majority of advisors provide a totally free preliminary assessment so take the 1st action and make an appointment today.

Method: To determine the top financial consultants in Portland, we pored through all SEC-registered advisory firms that have a workplace in Portland. We winnowed the list by just consisting of advisors that are signed up fiduciaries, have no previous disclosures and have very little individual conflicts of interest. To even more break down the list to the true leading consultants in the location, we provided weight to consultants that offer both financial investment management and preparation, have no disputes of interest, have workplaces in numerous states, have a wrap cost program and over $50 million in possessions under management.Source: benzinga.com

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