Finding a Top Financial Advisor Firm in Bangor, Maine
Despite being a small city, Bangor, Maine, has a fairly large selection of financial advisor firms to choose from. To help you sift through these options, SmartAsset has found the top firms in the city of Bangor. In our reviews, we highlight a number of important factors for each firm, including their minimums, investment strategies and available services. To expand your search, use SmartAsset’s financial advisor matching tool. It connects you with advisors who serve your area.
Find a Fiduciary Financial Advisor
We match nearly 50,000 people with financial advisors per month. Get connected to an advisor that serves your area today.| Rank | Financial Advisor | Assets Managed | Minimum Assets | Financial Services | More Information |
|---|---|---|---|---|---|
| 1 | Birchbrook  Find an Advisor | $296,464,387 | No set account minimum |
| Minimum AssetsNo set account minimumFinancial Services
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| 2 | Eagle Financial Strategies  Find an Advisor | $145,988,854 | No set account minimum |
| Minimum AssetsNo set account minimumFinancial Services
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| 3 | Oldfield Wealth Partners  Find an Advisor | $109,966,376 | No set account minimum |
| Minimum AssetsNo set account minimumFinancial Services
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What We Use in Our Methodology
To find the top financial advisors in Bangor, we first identified all firms registered with the SEC in the city. Next, we filtered out firms that don't offer financial planning services, those that don't serve primarily individual clients and those that have disclosures on their record. The qualifying firms were then ranked according to the following criteria:
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AUMFirms with more total assets under management are ranked higher. -
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Individual Client CountFirms who serve more individual clients (as opposed to institutional clients) are ranked higher. -
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Clients Per AdvisorFirms with a lower ratio of clients per financial advisor are ranked higher. -
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Age of FirmFirms that have been in business longer are ranked higher.
All information is obtained through public records and is updated annually after the firms’ form ADV filing. This list may include firms that have a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. Such relationships have no impact on our rankings, and firms are included and ranked based strictly on the above criteria. SmartAsset is not a client of the aforementioned firms, and did not receive compensation for including any of the firms on the aforementioned list.
Birchbrook
Birchbrook leads off our list of the top financial advisors in Bangor. Birchwood is a fee-only firm with a fairly small team of on-staff advisors. The firm's team includes three chartered financial analysts (CFAs), one Certified Financial Planner™ (CFP®) and one certified trust and financial planner (CTFA). Prior to its June 2021 rebranding to Birchbrook, this firm was known as Deighan Wealth Advisors. The firm's history can be traced back to 1994 when it was created by Jean M. Deighan and Jenifer L. Butler.
The firm used to have a account minimum, but it has since been eliminated, meaning there's no minimum account size for new clients. The firm serves individuals both with and without a high net worth, retirement plans and charities.
Services at the firm include investment management and financial planning. The latter is a completely customizable service, though it can cover topics like retirement planning, legacy planning, trust planning and more.
When evaluating investments, the firm primarily uses fundamental analysis. According to the firm's Form ADV brochure, this type of analysis puts "great emphasis on measures of intrinsic value, earnings growth, and strong financial statements," for the investments being considered.
Birchbrook may use a plethora of securities when investing client assets. These can include stocks, mutual funds, exchange-traded funds (ETFs), warrants, corporate debt oblifations, commercial paper, certificates of deposit (CDs), municipal securities and bonds.
Eagle Financial Strategies
Founded in 1996, Eagle Financial Strategies works with non-high-net-worth and high-net-worth individuals, corporations and retirement plans. Advisory services are tailored to each client’s circumstances and may include retirement planning, college funding strategies, insurance analysis and long-term financial planning. The firm has no account minimums for asset management, but may use multiple types of fee arrangements.
The firm is fee-based, as it may earn advisory fees and also receive commissions from insurance sales when clients choose to purchase recommended products. While this creates a potential conflict of interest, the firm has a fiduciary duty to disclose conflicts and act in its clients' best interests.
The team at Eagle Financial Services is made up of advisors who hold certifications like accredited investment fiduciary (AIF), Certified Financial Planner™ (CFP®), chartered financial consultant (ChFC), chartered life underwriter (CLU), certified retirement counselor (CRC), registered Social Security analyst (RSSA).
The firm's investment approach combines fundamental and technical analysis. For smaller accounts, the firm often recommends mutual funds and ETFs to provide diversification. For larger accounts, it selects individual securities to build customized portfolios. Portfolios are designed around clients’ goals, risk tolerance and liquidity needs, with allocations adjusted over time as circumstances or market conditions change.
Oldfield Wealth Partners
Oldfield Wealth Partners, founded in 2018, is a fee-based practice that provides investment advisory and financial planning services to individuals with and without a high net worth. The firm develops personalized financial plans that may include investment planning, retirement and college savings, tax considerations, debt management and insurance needs. Clients can also work with the firm through its portfolio management services.
Oldfield Wealth Partners does not impose a minimum account size but, does operate on a fee-based model. In addition to charging advisory fees, some advisors are licensed to sell investment and/or insurance products and may receive commissions from those transactions. This creates a potential conflict of interest, though the firm is required to abide by fiduciary duty.
The firm's small team of advisors hold the following certifications: Certified Financial Planner™ (CFP®), certified kingdom advisor (CKA) and chartered retirement planning counselor (CRPC).
In constructing and managing portfolios, Oldfield Wealth Partners employs a mix of methods including charting, cyclical, fundamental, quantitative and technical analysis. Its investment strategies include long- and short-term trading, margin transactions, short sales and options trading. While the firm may recommend mutual funds, fixed-income securities, annuities, ETFs, private placements, and precious metals ETFs, equities are generally its primary focus.
