Penobscot Investment Management Co., Inc. provides personalized investment management services to individuals, trusts, pension and profit-sharing plans, estates, charitable organizations, and corporations. Founded in Boston in 1988, Penobscot focuses on helping clients achieve long-term capital appreciation and income growth through broadly diversified portfolios consisting primarily of dividend-paying equities and strong, financially sound companies. Portfolios are tailored to meet each client's specific goals, and clients can place restrictions on certain securities or request environmental, social, and governance screening. The firm does not impose a minimum dollar amount to open or maintain an account.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 1.00% |
| $1.0M - $2.0M | 0.80% |
| $2M+ | 0.60% |
Standard fee schedule shown. When Penobscot serves as trustee, fees are higher: 1.25% up to $1M, 1.05% for $1M-$2M, and 0.85% for $2M and above. Fees are negotiable in certain circumstances.