The Lowest-Fee RIAs in New England for $5 Million Portfolios (2026)

The 30 registered investment advisors headquartered in New England with the lowest advisory fees on a $5 million portfolio, ranked by annual fee amount. Analysis based on the latest SEC Form ADV Part 2A regulatory filings.

Methodology

  • Universe: RIAs headquartered in Connecticut, Massachusetts, Maine, New Hampshire, Rhode Island, and Vermont
  • Portfolio size: $5 million
  • Fee calculation: Blended rate across all disclosed fee tiers, applied to a $5 million portfolio
  • Minimum clients: 50+ high-net-worth clients
  • Minimum avg client AUM: $5 million
  • Exclusions: Firms with negotiable-only fee rates, and firms with a disclosed minimum account size above $5 million
  • Source: SEC Form ADV Part 2A regulatory filings
#1 Lowest-Fee RIA in New England for $5M Portfolios
View Profile
$26,000
Annual Fee
0.52%
Avg Rate
$14.5M
Avg Client AUM
$1.8B
Total AUM
128
HNW Clients
#2 Lowest-Fee RIA in New England for $5M Portfolios

UNISON ADVISORS LLC

PROVIDENCE, RI
View Profile
$29,500
Annual Fee
0.59%
Avg Rate
$34.0M
Avg Client AUM
$1.8B
Total AUM
51
HNW Clients
#3 Lowest-Fee RIA in New England for $5M Portfolios
View Profile
$30,000
Annual Fee
0.60%
Avg Rate
$417.3M
Avg Client AUM
$282.0B
Total AUM
192
HNW Clients
#4 Lowest-Fee RIA in New England for $5M Portfolios

FLOREK FINANCIAL, LLC

DUXBURY, MA
View Profile
$30,000
Annual Fee
0.60%
Avg Rate
$6.3M
Avg Client AUM
$511M
Total AUM
80
HNW Clients
#5 Lowest-Fee RIA in New England for $5M Portfolios
View Profile
$30,000
Annual Fee
0.60%
Avg Rate
$8.1M
Avg Client AUM
$1.7B
Total AUM
193
HNW Clients
#6 Lowest-Fee RIA in New England for $5M Portfolios
View Profile
$30,000
Annual Fee
0.60%
Avg Rate
$5.6M
Avg Client AUM
$895M
Total AUM
157
HNW Clients
#7 Lowest-Fee RIA in New England for $5M Portfolios

R M DAVIS INC

PORTLAND, ME
View Profile
$33,000
Annual Fee
0.66%
Avg Rate
$5.4M
Avg Client AUM
$7.3B
Total AUM
1,091
HNW Clients
#8 Lowest-Fee RIA in New England for $5M Portfolios

H. M. PAYSON & CO.

PORTLAND, ME
View Profile
$34,000
Annual Fee
0.68%
Avg Rate
$5.4M
Avg Client AUM
$8.1B
Total AUM
823
HNW Clients
#9 Lowest-Fee RIA in New England for $5M Portfolios
View Profile
$35,000
Annual Fee
0.70%
Avg Rate
$13.6M
Avg Client AUM
$3.3B
Total AUM
123
HNW Clients
#10 Lowest-Fee RIA in New England for $5M Portfolios

EDGEWOOD MANAGEMENT LLC

GREENWICH, CT
View Profile
$37,500
Annual Fee
0.75%
Avg Rate
$6.2M
Avg Client AUM
$35.9B
Total AUM
273
HNW Clients
#11 Lowest-Fee RIA in New England for $5M Portfolios
View Profile
$37,500
Annual Fee
0.75%
Avg Rate
$24.8M
Avg Client AUM
$2.2B
Total AUM
83
HNW Clients
#12 Lowest-Fee RIA in New England for $5M Portfolios
View Profile
$37,500
Annual Fee
0.75%
Avg Rate
$53.5M
Avg Client AUM
$43.1B
Total AUM
501
HNW Clients
Ranked #20 by Barron's 2025 Ranked #27 by Forbes 2025
#13 Lowest-Fee RIA in New England for $5M Portfolios
View Profile
$37,500
Annual Fee
0.75%
Avg Rate
$5.6M
Avg Client AUM
$651M
Total AUM
170
HNW Clients
#14 Lowest-Fee RIA in New England for $5M Portfolios
View Profile
$40,000
Annual Fee
0.80%
Avg Rate
$6.1M
Avg Client AUM
$783M
Total AUM
134
HNW Clients
#15 Lowest-Fee RIA in New England for $5M Portfolios
View Profile
$40,000
Annual Fee
0.80%
Avg Rate
$5.1M
Avg Client AUM
$3.3B
Total AUM
549
HNW Clients
#16 Lowest-Fee RIA in New England for $5M Portfolios

CANTON HATHAWAY LLC

PROVIDENCE, RI
View Profile
$42,000
Annual Fee
0.84%
Avg Rate
$7.6M
Avg Client AUM
$652M
Total AUM
56
HNW Clients
#17 Lowest-Fee RIA in New England for $5M Portfolios
View Profile
$42,500
Annual Fee
0.85%
Avg Rate
$6.9M
Avg Client AUM
$1.9B
Total AUM
225
HNW Clients
Ranked #182 by Forbes 2025
#18 Lowest-Fee RIA in New England for $5M Portfolios
View Profile
$42,500
Annual Fee
0.85%
Avg Rate
$15.8M
Avg Client AUM
$2.9B
Total AUM
169
HNW Clients
#19 Lowest-Fee RIA in New England for $5M Portfolios
View Profile
$42,500
Annual Fee
0.85%
Avg Rate
$7.5M
Avg Client AUM
$9.1B
Total AUM
1,013
HNW Clients
Ranked #82 by Barron's 2025 Ranked #35 by Forbes 2025
#20 Lowest-Fee RIA in New England for $5M Portfolios
View Profile
$42,500
Annual Fee
0.85%
Avg Rate
$6.6M
Avg Client AUM
$578M
Total AUM
86
HNW Clients
#21 Lowest-Fee RIA in New England for $5M Portfolios
View Profile
$42,500
Annual Fee
0.85%
Avg Rate
$5.4M
Avg Client AUM
$334M
Total AUM
62
HNW Clients
#22 Lowest-Fee RIA in New England for $5M Portfolios
View Profile
$42,500
Annual Fee
0.85%
Avg Rate
$7.7M
Avg Client AUM
$1.2B
Total AUM
140
HNW Clients
#23 Lowest-Fee RIA in New England for $5M Portfolios
View Profile
$43,000
Annual Fee
0.86%
Avg Rate
$6.5M
Avg Client AUM
$1.9B
Total AUM
270
HNW Clients
#24 Lowest-Fee RIA in New England for $5M Portfolios
View Profile
$43,750
Annual Fee
0.88%
Avg Rate
$7.1M
Avg Client AUM
$696M
Total AUM
100
HNW Clients
#25 Lowest-Fee RIA in New England for $5M Portfolios
View Profile
$44,000
Annual Fee
0.88%
Avg Rate
$7.4M
Avg Client AUM
$3.0B
Total AUM
328
HNW Clients
Ranked #104 by Forbes 2025
#26 Lowest-Fee RIA in New England for $5M Portfolios

MAY HILL CAPITAL, LLC

COHASSET, MA
View Profile
$45,000
Annual Fee
0.90%
Avg Rate
$5.8M
Avg Client AUM
$549M
Total AUM
79
HNW Clients
#27 Lowest-Fee RIA in New England for $5M Portfolios

WELCH & FORBES LLC

BOSTON, MA
View Profile
$45,000
Annual Fee
0.90%
Avg Rate
$16.2M
Avg Client AUM
$9.2B
Total AUM
463
HNW Clients
Ranked #68 by Barron's 2025
#28 Lowest-Fee RIA in New England for $5M Portfolios
View Profile
$46,000
Annual Fee
0.92%
Avg Rate
$5.8M
Avg Client AUM
$727M
Total AUM
105
HNW Clients
#29 Lowest-Fee RIA in New England for $5M Portfolios
View Profile
$46,000
Annual Fee
0.92%
Avg Rate
$5.1M
Avg Client AUM
$2.1B
Total AUM
352
HNW Clients
#30 Lowest-Fee RIA in New England for $5M Portfolios

BALLENTINE PARTNERS

WALTHAM, MA
View Profile
$47,500
Annual Fee
0.95%
Avg Rate
$35.9M
Avg Client AUM
$12.0B
Total AUM
322
HNW Clients
Ranked #52 by Barron's 2025
Disclaimer: Fee calculations are based on the most recently published SEC Form ADV Part 2A filings. Actual fees may vary based on account size, relationship, and negotiation. This is not investment advice.