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.
Assets Under Management$1.4B
Clients547
Advisors8
Avg. per Client$2.5M
Avg. per Advisor$170M
Fee Structure
Investment management only (planning not offered)
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
Your Portfolio Value
$500K
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Estimated Annual Fee
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