Penobscot Financial Advisors
Assets Under Management
$434.5M
Number of Clients
796
Number of Advisors
7
Average Client AUM
$546K
AUM per Advisor
$62.1M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Penobscot Financial Advisors offers wealth management, financial planning, and consulting services to individuals, high-net-worth individuals, trusts, estates, charitable organizations, and retirement plans. They provide customized investment advisory solutions through continuous personal client contact and discretionary asset management.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $1.0M | 1.00% |
| $1.0M - $5.0M | 0.60% |
| $5M+ | 0.40% |
Minimum annual fee ranging from $4,800-$7,200 based on household assets, excluding primary residence and complexity.
Fee Estimator
For wealth management, you'll pay an annual fee based on your portfolio size: 1.00% on the first $1 million, 0.60% on the next $4 million (between $1 million and $5 million), and 0.40% on amounts over $5 million. There is a minimum annual fee ranging from $4,800 to $7,200 based on household assets, excluding primary residence and complexity. Financial planning services are offered for a fee up to $7,200, which can be paid monthly, quarterly, or annually. UMS Financial Planning Services are offered for a one-time fee of $100.
Areas of Practice
Location
One Monument Square, Suite 501, Portland, ME, 04101
