Maine Asset Management, LLC (Bangor)

Name: Maine Asset Management, LLC
Address: 21 Main Street, Bangor, ME, 04401
Telephone: 207-992-2226

Maine Asset Management, LLC is a large advisory firm based in Bangor. It manages $124.88 million of regulatory assets for 219 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Florida, Maine, Massachusetts, New Hampshire, and Vermont.

Maine Asset Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Maine Asset Management: assets under management

The assets under management (AUM) of Maine Asset Management, LLC is $124.88 million. The firm's AUM has grown by 572% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $107.68 million in discretionary accounts and $17.19 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $633.42 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $350.91 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Maine Asset Management, LLC for their services and products based on a percentage of assets under management, fixed fees, and commissions. 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.

Careers at Maine Asset Management, LLC

Dudley Grindle Gray has been acting as President since 1 Jun 2010. Janice Lee Grindle joined the executive team most recently as the Chief Compliance Officer And Chief Operations Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Alyssa Melanie Kolber	Chief compliance officer / manager	1 Mar 2010	Other	5321571
Llc Interim Holdings	Managing member	1 Mar 2010	75% - 100%	45-0592675
Janice Lee Grindle	Chief compliance officer and chief operations officer	1 Jun 2010	Other	2796211
Llc Cgc	Managing member	1 Jun 2010	75% - 100%	27-2070241
Jeffrey Matthew Chapman	President, ceo and cio	1 Jun 2010	Other	4118941
Dudley Grindle Gray	Chairman	1 Jun 2010	Other	5802049

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Jeffrey Matthew Chapman	Managing member	1 Nov 2007	50% - 75%	4118941
Dudley Grindle Gray	Managing member	1 Nov 2007	50% - 75%	5802049

Based in Bangor

The principal office where Maine Asset Management, LLC performs its advisory services is located at 21 Main Street, Bangor, ME 04401 The mailing address of the firm is P.O. Box 2010, Bangor, ME 04402. An additional office of the firm is in Tampa, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 207-992-2226 or by fax 207-992-2610. The normal business hours are 9:00 am to 4:30 pm on Monday - Friday. You can find more information about the New York firm at maineassetmanagement.com.