H.M. Payson & Co. is an independent investment firm and state-chartered trust company founded in 1854, offering investment management, trust administration, tax strategies, financial planning, and estate planning. The firm builds diversified portfolios using individual stocks, bonds, exchange-traded funds, and mutual funds tailored to each client's specific objectives and constraints. For smaller accounts generally under $400,000, H.M. Payson & Co. provides active management through a selection of mutual funds and exchange-traded funds via its Payson Choice service. Clients work closely with a dedicated portfolio manager. In addition to individual advisory accounts, the firm manages a mutual fund and private equity fund, and serves institutions, foundations, trusts, and retirement plans. The firm is owned primarily by its Managing Directors.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 1.00% |
| $1.0M - $5.0M | 0.60% |
| $5M+ | 0.40% |
Payson Choice accounts are charged a flat 1.00% fee. Non-discretionary accounts are charged a flat 0.25% fee. Annual minimum fee per household is $10,000. Charitable organizations receive a 10% discount. Fees may be negotiable.