Pennantpark Investment Advisers, LLC
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Learn more about Pennantpark Investment Advisers, LLC
Overview
Pennantpark Investment Advisers, LLC is an advisory firm based in Miami Beach, Florida. The company has $4.5 billion in assets under management over 19 accounts, placing it among the biggest investment advisory firms in the nation by assets under management (AUM). It has an average-sized group, including 31 financial advisors. Pennantpark Investment Advisers, LLC is not a registered broker-dealer, signifying that the company cannot buy and sell securities for its customers' and own accounts and instead is required to go through a broker-dealer firm to do so. Securities are tradable financial investments such as bonds, options and equities.
Pennantpark Investment Advisers, LLC manages more than half of its accounts on a discretionary basis. Discretionary management means that transaction decisions for the client's account are made by an investment advisor without needing client consent. Pennantpark Investment Advisers, LLC also administers six non-discretionary accounts with a total of $118.1 million in assets under management. Pennantpark Investment Advisers, LLC's typical account size is $237.4 million. An average financial advisor at Pennantpark Investment Advisers, LLC administers fewer than one client account, placing it among the most individualized advisor firms in the country.
The firm's main office is at 1691 Michigan Avenue, Miami Beach, Florida 33139. Pennantpark Investment Advisers, LLC is legally registered to provide services to clients in the state of Florida.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Pennantpark Investment Advisers, LLC by the Numbers
$4.5 billion
61
19
$237.4 million
Fee Structure
Fees charged by financial advisors usually depend on which services the firm provides the client. Fee types billed by the company may include any combination of the following fee structures: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by Pennantpark Investment Advisers, LLC.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The firm works with business development companies and pooled investment vehicles. Out of its 19 accounts, Pennantpark Investment Advisers, LLC's largest client group is pooled investment vehicles. None of the firm's customers reside abroad.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 0%
- Corporations - 100%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Pennantpark Investment Advisers, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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