UPDATED June 2022
Each year, we at Guidance Point Advisors meet with well over 100 households in the Bangor, Maine area with respect to their Financial Planning and Investment needs. Because so many folks know our thoughts and feelings (from this website and our blog ) on all things "financial planning" and “financial advisors”, they often ask us who are some of the other financial advisors, planners, and competitors we have in the area. Never one to shy away from being blatantly honest with respect to competition, and want our customers to be as informed as possible. All of the firms listed utilize a similar “Fee-Only” model to Guidance Point Advisors, meaning they do not accept commissions or other product compensation and only charge their fee for the advice given. Additionally, all firms listed are a “Fiduciary” when working with their clients – a value that we wholeheartedly embrace and share. Here is a list of some of the companies that have a solid Financial Advisory & Planning history, and that we consider, in our opinion, to be the best financial advisors in Bangor and the surrounding area.
1. Birchbrook: Formerly named Deighan Wealth Advisors and has been around since 1994, Birchbrook is located in Bangor on Columbia Street, and specializes in financial planning and investment management. The company also focuses on topics including budgeting, education savings, retirement planning, insurance review, and estate planning.
2. Gibson Financial Services: Located in Ellsworth, Gibson Financial Services has also been around the Bangor area for many years, with a goal of enabling clients to take control of their own financial circumstances with confidence through education.
3. Camden National Wealth Management: Formerly named Acadia Trust, Camden National Wealth Management's client-focused team includes many capable and experienced individuals who learn about the client’s unique financial objectives and create customized solutions to help them achieve their goals.
4. Bangor Savings Bank Wealth Management: Another staple of the central Maine financial advisory market over the years, Bangor Savings Bank utilizes a Trust Department model that integrates banking and investment solutions.
5. Penobscot Financial Advisors: With offices in Portland and Bangor, PFA especially focuses on Environmental, Social and Governance issues within their investments and stakeholder and community relations.
So, there are 5 companies to consider if you're considering working with a Financial Advisor or Financial Planner.
Also, here are some additional resources to help you select a financial advisor that fits your needs:
Top 5 Problems with Financial Advisors & How to Solve Them
Financial Advisor Fees: Am I Paying Too Much?
Guidance Point Advisors' FREE Financial Advisors Interview Checklist
Finally, we thought you'd like to know about our office in Bangor, Maine located at 108 State Street. We invite you to meet one of our Financial Advisors and meet us for yourself! Also, you can read more about our team in Maine here.
*"Best" is the opinion of Guidance Point Advisors based on professional interactions, reputation, business model style, and community involvement.