Portland Global Advisors LLC (Portland)

Name: Portland Global Advisors LLC
Address: 217 Commercial St, Portland, ME, 04101
Telephone: 207-773-2773

Portland Global Advisors LLC is a large advisory firm based in Portland. It manages $502.47 million of regulatory assets for 552 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Maine, and 4 other states.

Portland Global Advisors provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, publication of newsletters, and provide advice regarding the retention of other investment advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Portland Global Advisors: assets under management

The assets under management (AUM) of Portland Global Advisors LLC is $502.47 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 264% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $502.47 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $910.27 thousand each.

Portland Global Advisors has custody of $126.96 million in cash and securities for 20 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 56% of the total AUM. The second-largest asset type is government bonds, which make up 32% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Portland Global Advisors LLC for their services and products based on a percentage of assets under management and fixed fees. 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.

What kind of clients Richard Scott Freeman Strabley serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Richard Scott Freeman Strabley is high net worth individuals with 138 clients and $480.6 million of assets under management. Among the 9 most similar advisory firms, Portland Global Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $502.47 million for 192 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.

Portland Global Advisors doesn't advise any private funds.

Careers at Portland Global Advisors LLC

The company employs 8 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 5 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 doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Richard Scott Freeman Strabley has been acting as President since 1 Jan 1997. Leslie Kathryn Klenk joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Barker Sullivan	Ceo	1 Nov 1994	25% - 50%	1770178
Derek Cichon Jaskulski	Cfo	1 Feb 1995	Other	833250
John Devine	Vice president	1 Jan 1996	Other	2765144
Jennifer Findlay Brown	Vice president	1 Jan 1996	Other	1675031
Richard Scott Freeman Strabley	President	1 Jan 1997	25% - 50%	1694319
Limited Liability Company Craftsbury	Member	1 May 1997	Other	01-0508429
John Barker Sullivan	Chief compliance officer	1 Jul 2004	25% - 50%	1770178
Charles Andrew Oestreicher	Vice president	1 Jul 2006	Other	2564448
Leslie Kathryn Klenk	Chief compliance officer	1 Feb 2016	Other	1637480

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Bernard Maney Devine	Member	1 Jun 1996	75% - 100%	5140242
John Devine	Manager	1 Jun 1996	Other	2765144

Based in Portland

The principal office where Portland Global Advisors LLC performs its advisory services is located at 217 Commercial St, Portland, ME 04101, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 207-773-2773 or by fax 207-773-2602. The normal business hours are 8:30 a.m.to 4:50 p.m. on Monday - Friday. You can find more information about the New York firm at portlandglobal.com.