Maine Investment and Planning Services, LLC

The firm provides investment advisory and portfolio management services to a small number of individual clients, including high-net-worth individuals. Its practice is compact and focused on delivering individualized asset management and planning to a limited client base.

The firm primarily manages client accounts on a non-discretionary basis, meaning clients generally retain final decision authority and the adviser implements transactions with client approval. In addition to advisory services, a firm principal is licensed to sell insurance products and the brochure discloses that commissions from such sales create a potential conflict of interest.

Distinctive aspects include the firm’s very small scale—two advisors serving six clients with modest AUM—and the prominence of non-discretionary assets under management, which is uncommon among similar supported firms. The brochure also discloses past regulatory consent orders and a FINRA settlement involving a firm principal related to Form U4 reporting failures and temporary supervisory restrictions, and notes that supervisory and compliance duties are performed by another member who conducts ongoing monitoring.