R.M.Davis

A roundup of new hires, promotions and achievements at Maine businesses, nonprofits, financial services firms and health care institutions.

Portland-based R.M. Davis, a private wealth management firm, has made two new hires and three promotions.

Portland-based R.M. Davis Inc., a private wealth management firm, is expanding its team with five new hires and one leadership promotion.

Scot Draeger plans to take an active role in the organization and will serve on the nonprofit’s investment, finance and development committees.

“I wanted a group of people that could bring a depth of perspective and expertise to bear on the issues we are navigating,” said CEO Jeff Zachau.

A roundup of personnel news from businesses and nonprofits around Maine.

Wealth management firms are undergoing a transformation, with new hires and promotions, acquisitions and expansion into larger quarters. Factors driving growth include evolving client expectations in a volatile economy.

The executives have nearly 80 years of experience at R.M. Davis, No. 1 on the 2023 Mainebiz Book of Lists for Maine-based registered investment advisors.