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Hanson & Doremus Investment Management
Founded in 1995 and headquartered in Burlington, Hanson & Doremus operates as a fee-only registered investment advisor serving high-net-worth individuals,...
Hanson & Doremus Investment Management
Founded in 1995 and headquartered in Burlington, Hanson & Doremus operates as a fee-only registered investment advisor serving high-net-worth individuals, families, and charitable organizations. The firm's founding coincided with the early expansion of fiduciary-only wealth management, and it has maintained an explicit commitment to acting as a legal fiduciary bound to client interests in every transaction. Its first consultation and initial portfolio review are offered without charge or obligation. The firm invests primarily in individual stocks, bonds, exchange-traded funds, and mutual funds selected through an in-house, bottom-up research process. Its investment team screens hundreds of ideas annually, then conducts deep-dive analysis of company financials, management calls, and industry reports to assess valuation, quality, and risk. Portfolios are constructed on a separately managed account basis for each client rather than pooled into proprietary funds. Hanson & Doremus does not earn commissions or promote financial products, charging only an asset-based fee. The firm’s commentary has addressed positions in large-cap technology platforms and global energy transition themes. Hanson & Doremus operates from a single office at 431 Pine Street in Burlington, Vermont. The firm does not publicly break out headcount, total assets under management, or aggregate deployment. Its team includes research personnel, client-service advisors, and portfolio managers, several of whom are featured in its periodic newsletters. The firm initiated a quarterly internal book club in 2026 and publishes a client newsletter called "Thoughts" that covers technology, energy policy, and market structure. As a flat-fee fiduciary with no proprietary products, Hanson & Doremus occupies a structurally distinct position from broker-dealers and wirehouse platforms. Its asset-based fee applies uniformly, and the firm emphasizes that when clients call, they reach a named individual familiar with their account. This high-touch, research-centric model makes the firm's value proposition hinge entirely on the quality of its internal equity analysis and the persistence of its client relationships.
General information
Firm type
Bank / Wealth / Trust
Year founded
1995
Location
Region
North America
Country
United States
City
Burlington
Corporate office
Burlington, VT, United States
Sector focus
Frequently asked questions
Is Hanson & Doremus a single-family office or a multi-client wealth manager?
Hanson & Doremus is a multi-client registered investment advisor, not a single-family office. It serves high-net-worth families, individuals, business entities, and charitable organizations from a single office in Burlington, Vermont. The firm has operated since 1995 under this structure.
Does Hanson & Doremus offer proprietary investment products?
No. The firm constructs separate accounts using directly held equities and fixed-income securities rather than bundling client assets into proprietary commingled funds or in-house mutual funds. This separately managed account approach provides each client full transparency into holdings and eliminates the product-distribution incentives common in bank-affiliated advisory models.
Who runs investment decisions at Hanson & Doremus?
Anne Doremus, who founded the firm in 1995, is the named principal and the portfolio manager responsible for investment decisions. As an owner-operated practice with a compact client base, Doremus herself constructs and oversees the equity and fixed-income portfolios for the firm's clients.
What asset classes does Hanson & Doremus typically manage?
The firm manages client portfolios across directly held equities, investment-grade fixed income, and cash management instruments. Equity exposure is built through individual securities selected on a fundamental, long-horizon basis. The fixed-income component typically uses laddered bond portfolios. The firm does not engage in private equity, venture capital, or direct real estate investing.
Where does Hanson & Doremus sit relative to local bank trust departments?
Unlike a bank trust department that may distribute proprietary mutual funds or structured products, Hanson & Doremus operates as an independent fiduciary with no product-manufacturing parent. This means the firm's investment recommendations are not shaped by revenue-sharing or proprietary fund placement requirements, which remains an unusual posture among Vermont-based wealth managers.
Does the firm manage foundation or endowment assets?
Yes. Hanson & Doremus advises charitable entities, including organizations that use donor-advised funds and private foundations. The firm incorporates tax-sensitive investment policies and spending-rate considerations into portfolio construction for these clients, though it does not sponsor or control the charitable vehicles themselves.
What is Hanson & Doremus's known posture on client growth?
The firm has not pursued aggressive growth or opened satellite offices. It operates from a single location in Burlington and maintains a deliberately compact client base. This suggests the practice prioritizes relationship concentration rather than scaling asset-gathering, but the firm has not made any public statement about capacity limits or growth targets.
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