SEC-registered firm
Registration does not mean the SEC approves or recommends the firm, and it does not imply a certain level of skill or training.
Penobscot Investment Management Company, Inc.
Boston, MA
CRD 105060
Firm filing updated May 18, 2026 ·
- $1.6BAssets
- 8Advisory staff
- 845Accounts
Fees and minimums
All fee types on the form
- Percentage of assets under managementYes
- Hourly chargesNo
- Fixed feesNo
- Subscription fees (for a newsletter or periodical)No
- CommissionsNo
- Performance-based feesNo
- OtherNo
Who the firm serves
- High net worth individuals317
- Individuals231
- Corporations or other businesses8
- Charities6
See the client table
| Client type | Approximate number of clients | Assets |
|---|---|---|
| Individuals (other than high net worth) | 231 | $104.3 million |
| High net worth individuals | 317 | $1.4 billion |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 clients | $7.8 million |
| Charitable organizations | 6 | $51.9 million |
| Corporations or other businesses not listed above | 8 | $101.5 million |
What the client labels mean
Here, "individuals" includes trusts, estates, and IRAs of individuals. A "high net worth individual" is a qualified client or qualified purchaser.
Services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
Assets and accounts
- Regulatory assets$1.6 billion
- Accounts845
- Discretionary$1.6 billion · 842 accounts
- Non-discretionary$4.0 million · 3 accounts
People
- Employees14
- Advisory staff8
- Broker-dealer reps0
- Licensed insurance agents0
- Planning clients0
Advisors
4 advisors with a profile on Advisable
Listed A to Z by last name. Not a ranking.
Registration details
- SEC-registered investment advisor. CRD 105060, SEC file 801-31820.
- Registered with the SEC as an investment advisor (status date on record: May 2, 1988).
Is Penobscot Investment Management Company, Inc. a fiduciary?
Short answer: Penobscot Investment Management Company, Inc.
More detail
is registered with the SEC as an investment advisor.
The SEC put it this way in 2019: 'Under federal law, an investment adviser is a fiduciary.'
The firm does not report commissions, a broker-dealer role, a related broker-dealer, or staff who are broker-dealer representatives.
The firm's Form CRS explains its services, fees and conflicts in plain language: Form CRS.
About this data
Informational only. Advisable Finance is not an investment advisor, does not give investment advice, and does not endorse any advisor.