Douglas Edward Hart
Firm Information
Compensation
Number of Advisors
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $1.0M | 1.00% |
| $1.0M - $2.0M | 0.80% |
| $2M+ | 0.60% |
Fees are negotiable in certain circumstances.
Fee Estimator
Penobscot's fees are charged quarterly based on the market value of assets under management. The standard annual management fee is 1.00% on the first $1,000,000, 0.80% on assets between $1,000,000.01 and $1,999,999.99, and 0.60% on assets of $2,000,000 and above. When Penobscot serves as Trustee, the annual management fee is 1.25% on the first $1,000,000, 1.05% on assets between $1,000,000.01 and $1,999,999.99, and 0.85% on assets of $2,000,000 and above. Fees are negotiable in certain circumstances. Clients may elect to have fees deducted from their accounts or be billed directly. Clients may incur additional fees charged by mutual funds and ETFs. Clients have the option to purchase investment products through other brokers or agents that are not affiliated with Penobscot, which may incur an additional fee.
Areas of Practice
Advisor Information
Office location
155 Federal Street, Suite 1602, Boston, MA, 02210
Get directionsRegulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business Activities
Douglas is a director at Wildlands Trust of SE Massachusetts and an honorary trustee at Emma Willard School. These activities are not investment-related.