Penn Capital Management Company, LLC
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Overview
Penn Capital Management Company, LLC operates as a financial advisory firm located in Philadelphia, Pennsylvania. The company administers $1.8 billion in assets under management throughout 986 client accounts, making it one of the biggest financial advisory firms in the United States by assets under management (AUM). It has a small team, including 15 financial advisors. Penn Capital Management Company, LLC does not act as a registered broker-dealer, signifying that the company is not able to buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer firm to do so. Securities are tradable financial investments such as options, bonds and stocks.
Penn Capital Management Company, LLC manages some of the firm's client assets in a discretionary manner. Discretionary management means that transaction decisions for the client's account are made by an investment advisor without requiring the client's consent. Penn Capital Management Company, LLC also oversees 766 non-discretionary accounts with a total of $211.8 million in assets. The firm administers about $1.8 million in assets for each client account. An average financial advisor at Penn Capital Management Company, LLC manages about 66 client accounts, making it about average in terms of personalization.
Penn Capital Management Company, LLC's central office is located at 1200 Intrepid Avenue, Philadelphia, Pennsylvania 19112. The company is legally registered to provide services to customers throughout 51 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Penn Capital Management Company, LLC by the Numbers
$1.8 billion
23
986
$1.8 million
Fee Structure
Fees for financial advice typically are based on the financial services provided. Fee types charged by the firm can be comprised of some blend of the following fee structures: asset-based or performance-based. The firm does participate in a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.
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
-
Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company does business with a broad range of customers. The company caters to retail investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies, corporations and other. Out of its 986 clients, Penn Capital Management Company, LLC's largest client is other. Just 1% of the firm's accounts are from outside of the U.S.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 18.36%
- Corporations - 80.93%
- Charitable Organizations - 0.71%
* 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
Penn Capital Management Company, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Penn Capital Management Company, LLC
Cherry Hill, NJ
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