More than just financial advisors

Who We Are

It is our mission to serve each client with the highest level of professionalism and integrity, and to provide individualized investment management. We’re Maple Capital Management. We’re your trusted partner.

19 Years in business
$1.78B Under management (as of 01/17/2024)
22 Employees
4 Office dogs

What We Stand For

We believe that developing strong relationships with our clients is the key to effectively managing their assets. Each client works directly with a portfolio manager to ensure attentive and consistent service.

Get to know Maple Capital

What Drives Us

The Green Mountain State of mind.

Vermont has a wealth of natural beauty — its nickname is “The Green Mountain State” — and is a place where the land is respected, revered, and appreciated. Its many lakes, forests, and small towns are an increasingly popular destination for activities like mountain biking, hiking, and skiing, or for contemplation and quiet reflection.

In Vermont, craft is king.

Vermont is also home to a large and diverse community of talented artisans that produces an array of award-winning cheeses, craft beer and spirits, maple syrup, outdoor gear, and jewelry.

Inspired by the landscape.

We are inspired by the nature, creativity, and entrepreneurial spirit of this land, and we firmly believe the idyllic setting is a fitting backdrop for our work in creating investment portfolios for our clients.


Our employee-owned boutique is immersed in this culture of hands-on craftsmanship, and we nurture a healthy work-life balance that brings out the best in our people while enabling them to live purposefully.

Independent and personal.

Our location in the heart of Vermont allows us to maintain an independent viewpoint and a special way of doing things that’s focused on the long term (financial) well-being of our clients.

It’s about more than investing for us. We’re here to be partners in your financial future.

Ramsey Luhr | President & Founding Partner

Our People

Meet the team

Our team of experienced professionals stands ready to provide high-quality, high-touch investment services.

Ramsey A. Luhr

President — Founding Partner

Ramsey was a co-founder of Maple Capital in 2004. Beyond leading the firm’s Management Team and serving as a Client Portfolio Manager, Ramsey is a member of both the firm’s Investment and Asset Allocation Committees.

Outside of Maple Capital

Ramsey enjoys biking, skiing, running with his dog Bean, and spending time on the water.

Education and Affiliations

»  BA in International Relations • Trinity College
»  CFA Society of New York
»  CFA Institute


»  28 years

Steven L. Killoran

Executive VP – Partner

Steve leads the Marketing Team and is a member of the Management Team. Along with various other responsibilities, Steve’s concentration is Business Development.

Outside of Maple Capital

Steve enjoys spending time with family, backcountry skiing, hockey, and reading.

Education and Affiliations

»  BA in Political Science • Keene State College


»  30 years

Elizabeth S. H. Lewis, CFA

Senior VP — Client Portfolio Manager Team Lead — Partner

Liz leads our Client Portfolio Manager Team here at Maple Capital. As a Client Portfolio Manager she works with clients to design and implement portfolios to meet their investment goals and objectives. Liz is also a member of the Management Team.

Outside of Maple Capital

Liz enjoys getting out in the fresh Vermont air – running, biking, walking (highly underrated), and skiing.

Education and Affiliations

»  BS in Business Administration • University of Vermont
»  CFA Institute
»  CFA Society of Vermont


»  21 years

Hilary T. Roper, CFA

Equity Analyst – Partner

In addition to Hilary’s role as an Equity Analyst, she is also a member of the Management Team and serves on the Investment and Compliance Committees at Maple Capital.

Outside of Maple Capital

Hilary enjoys biking, running and spending time outside with her dogs, Islay and Belle.

Education and Affiliations

»  BS • Cornell University
»  CFA Institute
»  CFA Society of Vermont


»  28 years

Tom W. Rawlings

Chief Operating and Chief Compliance Officer

Tom joined the firm in 2024 and is working to build out the firms operating and compliance platforms. Tom is also a member of the management team.

Outside of Maple Capital

Tom enjoys skiing and spending time outside with his family and friends.

Education and Affiliations

»  MBA Boston University

»  BA University of Massachusetts / Boston


»  28 years

Giving Back

Investing in our communities

Our team is passionate about giving time, money, and skills to address the issues facing our world. It’s part of our culture and the set of values that continue to shape our mission. We’re proud to partner with local and national organizations committed to giving back to our communities.

Giving Time

Our team is deeply committed to giving back to our community through time and service, and we routinely support local organizations and events throughout the year. From fundraisers to food drives, Maple Capital is steadfastly rooted in helping our neighbors thrive.


Vermont Winter Fun!

The team at Maple Capital enjoyed our annual ski day at Bolton Valley Resort on March 24, 2023.

At Maple Capital, we understand that our performance is only as good as our people! We value their hard work and truly try to instill a strong work/life balance amongst our team.

a field of wildflowers in Vermont in summer

Interested? Let’s talk.

Let us build a tailored solution to meet your investment needs.

Contact Us