Hanson & Doremus Investment Management

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.