Penobscot Investment Management Company, INC.
Assets Under Management
$1.4B
Number of Clients
547
Number of Advisors
8
Avg. Portfolio per Client
$2.5M
Avg. Managed per Advisor
$173.8M
Compensation
Fee-Only (% of Portfolio)
About This Firm
Penobscot Investment Management provides investment management services with a goal of long-term capital appreciation and income growth. They typically invest in securities issued by leading companies with substantial financial strength. Environmental, social and governance (ESG) issues can be considered in portfolio and financial investment planning. Portfolios are managed with consideration to clients’ current financial requirements and future expectations.
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% |
Fees are higher when Penobscot serves as trustee: 1.25% on the first $1,000,000, 1.05% on the next $1,000,000 (from $1,000,000.01 to $1,999,999.99), and 0.85% on amounts over $2,000,000. Fees may be negotiable in certain circumstances.
Fee Estimator
Areas of Practice
Location
155 Federal Street, Suite 1602, Boston, MA, 02210