Penobscot Financial Advisors provides customized wealth management services that combine continuous investment management with comprehensive financial planning. The firm works primarily with individuals, high-net-worth individuals, trusts, estates, and retirement plans. Investment strategies are generally long-term and focused on building diversified portfolios using mutual funds, exchange-traded funds, individual stocks, and bonds. Financial planning covers a broad range of topics including retirement, education savings, and overall financial consulting. The firm also offers specialized retirement plan advisory services for employers and a limited financial planning option for University of Maine employees. Penobscot Financial Advisors operates as a fiduciary, meaning they are legally required to act in your best interest.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 1.00% |
| $1.0M - $5.0M | 0.60% |
| $5M+ | 0.40% |
Fees are negotiable at the discretion of the Advisor. There is a minimum annual fee ranging from $4,800 to $7,200 based on household assets and complexity.
