Banknorth Investment Management Group, N.A. (Burlington)

Banknorth Investment Management Group, N.A. is a large advisory firm based in Burlington. It manages $392.42 million of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Maine, Massachusetts, New Hampshire, and Vermont.

Banknorth Investment Management Group, N.A provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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 Investment Management Group, N.A: assets under management

The assets under management (AUM) of Banknorth Investment Management Group, N.A. is $392.42 million. The firm's AUM has gone down by -18% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $386.65 million in discretionary accounts and $5.77 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $55.24 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $5.77 million.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Banknorth Investment Management Group, N.A. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Banknorth Investment Management Group, N.A.

Robert B Esau has been acting as President since 1 Feb 2001. Banknorth Na joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Na Banknorth Financial Group	Owner	1 May 2000	75% - 100%	01-0437984
Robert B Esau	President	1 Feb 2001	Other	4390507
Gary L Robinson	Coo	1 Feb 2001	Other	4390510
Banknorth Na	Owner	1 Jan 2002	75% - 100%	01-0437984

Based in Burlington

The principal office where Banknorth Investment Management Group, N.A. performs its advisory services is located at 111 Main Street, Burlington, VT 05402 The mailing address of the firm is One Portland Square, Portland, ME 04101. An additional office of the firm is in Concord, NH. The firm also has an office outside of the United States.