M
Maine Securities Corporation
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$24,460,688
This total excludes 2 entity clients. Entities are clients such as corporations, partnerships, or trusts.
Clients
24
17% high-net-worth
Advisors
1
of 1 employees
Firm type
Independent
1 advisor with up to 2 employees
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
24
TypicalAverage account size
$1,019,195
About
Maine Securities Corporation provides investment advisory and portfolio management services primarily to a small, mostly individual client base, and also offers consulting and basic financial planning. The firm’s business includes broker-dealer activities through its affiliated B/D, and it accommodates a limited number of corporate, municipal, and charitable engagements on a consulting or advisory basis.
The firm manages portfolios with a quantitative value-investing orientation, frequently using fundamental ratios and balance-sheet analysis, and commonly incorporates listed options—principally covered call writing—as an income and hedging strategy. It also manages fixed income and timber-related investments and typically retains comparatively high cash balances to time special situations, running accounts on a discretionary, hands‑on basis with aggregated trade execution through its clearing arrangement.
What distinguishes the firm from many peers is its combined RIA and affiliated broker‑dealer structure that allows advisory clients to trade through the firm at discounted commission rates and exposes the firm to occasional underwriting or syndication roles for private offerings (including timber-related projects). The firm also maintains an affiliated life and health insurance agency and emphasizes a boutique model with a small number of long‑standing clients and periodic consulting work for municipalities and businesses—features less common among similarly sized independent advisers.
Client services
Financial planning
Portfolio management
Educational seminars or workshops
Market timing
Expertise
Active portfolio management
Options & derivatives strategies
Real estate investing
Private / alternative investments
Fee options
Negotiated fees for consulting and special projects; financial planning typically no additional fee unless significant work, then negotiated
$0 - $500,000: 1.0% annually $500,001 - $1,000,000: 0.75% annually $1,000,001+: 0.50% annually
Discounted commissions for managed accounts: $20/trade equities, $30/trade bonds and Treasury securities, $25/trade options and mutual funds
Account minimum: $250,000 (typical minimum initial size) Minimum fee: $1,500 to $2,000 minimum annual advisory fee if minimum AUM waived
Main office location
Maine Securities Corporation
15 Monument Square
Portland, ME 04101-6425, United States
Number of offices
1
Most active in
Maine Securities Corporation has reported serving >5 clients in these states in the last 12 months.
Maine
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
Is not active or affiliated with:
-
Bank
They're affiliated with a bank that may offer its own financial products and services.
-
Trust company
They provide trust and estate administration services, typically for separate fees.
-
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
-
Lawyer
They provide legal services, typically billed separately.
-
Real estate agent
They facilitate real estate transactions and may earn commissions.
-
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
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