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Banknorth, N.A. (Portland)


Banknorth, N.A. is a large advisory firm based in Portland. It manages $43 million of regulatory assets for 105 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Maine, Massachusetts, New Hampshire, and Vermont.

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Banknorth, N.A provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, 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.

Banknorth, N.A: assets under management

The assets under management (AUM) of Banknorth, N.A. is $43 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -89% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.


The firm manages $43 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $409.49 thousand each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Banknorth, N.A. for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
The Toronto Dominion Bank Indirect shareholder 1 Mar 2005 50% - 75% 13-5640479

Based in Portland

The principal office where Banknorth, N.A. performs its advisory services is located at One Portland Square, Portland, ME 04112 9544, which is also the mailing address of the firm. An additional office of the firm is in Burlington, VT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (800) 844-9648 or by fax (207) 828-7521. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at banknorthinvestmentmanagement.com/banknorth_funds/banknorth_funds.html.


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