Davis R M Inc (Portland)


Davis R M Inc is a large advisory firm based in Portland. It manages $4.01 billion of regulatory assets for 4,768 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Connecticut, and 25 other states.

Davis R M provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for approximately 920 clients. On top of advisory services, the firm doesn't engage in other business activities.

Davis R M: assets under management

The assets under management (AUM) of Davis R M Inc is $4.01 billion. The firm's AUM has grown by 182% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $4 billion in discretionary accounts and $10.06 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $839.1 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.35 million.
Davis R M has custody of $2.06 billion in cash and securities for 867 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 57% of the total AUM. The second-largest asset type is investment and business development companies, which make up 16% of the firm’s portfolio. Investments in investment grade corporate bonds form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Davis R M Inc for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Davis R M serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Davis R M is high net worth individuals with 976 clients and $3.09 billion of assets under management. Among the 10 most similar advisory firms, Davis R M has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $4.01 billion for 1,928 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Davis R M doesn't advise any private funds.

Careers at Davis R M Inc

The company employs 46 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. 19 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Robert Malcolm Davis Ceo, cfo, director, 5% owner 1 Jul 1978 25% - 50% 2097875
Robert Davis Ceo, cfo, director, 5% owner 1 Jul 1978 25% - 50% 2097875
George William Allen 5% owner 1 Dec 1983 Other 3279
Arthur Borduas 5% owner 1 Jul 1989 Other 2164769
Brian Howard Noyes 5% owner, director 1 Jan 1993 Other 1297124
Richard Anthony Carriuolo Clo, director, 5% owner 1 May 1994 Other 2615776
Richard Carriuolo Coo, clo, cco, director, 5% owner 1 May 1994 Other 2615776
Jan Scott Konecny Director, 5% owner 1 Jan 1996 Other 717845
Wendy Allard Laidlaw Coo, chief compliance officer 1 Jan 2002 Other 4513551
Geoffrey Knight Alexander President, director, 5% owner 1 Jan 2004 Other 2883211
Mark Andrew Fernandez 5% owner, director 1 Jan 2004 Other 1197762
Daniel Stevens Redmond 5% owner 1 Jan 2004 Other 4584134
Scot Eric Draeger Owner, general counsel, director, cco 1 Jan 2017 Other 5096747
Dean E Walker Owner, director, vp-trading 1 Dec 2017 Other 3221318

Based in Portland

The principal office where Davis R M Inc performs its advisory services is located at 24 City Center, Portland, ME 04101 4069, which is also the mailing address of the firm. An additional office of the firm is in Portsmouth, NH. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 207-774-0022 or by fax 207-774-0023. 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 rmdavis.com.

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