Penobscot Financial Advisors provides wealth management and financial planning services to individuals, high net worth individuals, trusts, estates, charitable organizations, and retirement plans. Wealth management includes financial planning and discretionary investment portfolio management. Financial planning covers investment, retirement, personal savings, and education savings. Penobscot Financial Advisors also offers ongoing financial planning services on an annual retainer.
Assets Under Management$430M
Clients796
Advisors7
Avg. per Client$550K
Avg. per Advisor$62M
Fee Structure
Minimum Investment:$200K
Planning is included in investment management (also available separately)
Minimum Annual Fee:$4,800
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 1.00% |
| $1.0M - $5.0M | 0.60% |
| $5M+ | 0.40% |
Transaction fees are included in the overall fee. Minimum annual fee ranging from $4,800-$7,200 based on household assets, excluding primary residence and complexity.
Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
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