Penso Advisors, LLC
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Learn more about Penso Advisors, LLC
Overview
Penso Advisors, LLC is a financial advisory firm headquartered in New York, New York. The company oversees $1.2 billion in assets over 10 accounts, making it one of the bigger firms in the nation by assets under management (AUM). The company has a small group, including 3 financial advisors. Penso Advisors, LLC does not act as a registered broker-dealer, signifying that the company cannot 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 exchangable fiscal assets like equities, options and bonds.
Penso Advisors, LLC oversees the majority of the company's client assets on a discretionary basis. Discretionary management is a structure in which an investment advisor has the discretion to make buy and sell decisions without requiring client consent. It also oversees two non-discretionary accounts with a total of $800.0 million in AUM. Penso Advisors, LLC administers about $123.7 million for each customer account. The typical advisor at Penso Advisors, LLC administers around three client accounts, placing it among the most personalized advisor firms in the country.
Penso Advisors, LLC's main office is at 780 Third Avenue, New York, New York 10017. Penso Advisors, LLC is legally registered to serve investors in the state of New York.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Penso Advisors, LLC by the Numbers
$1.2 billion
11
10
$123.7 million
Fee Structure
Fees for financial management largely are based on the type of services offered. However, fee types charged by Penso Advisors, LLC likely are comprised of the following fee structures: asset-based, fixed or performance-based. Penso Advisors, LLC does not participate in a wrap fee program, in which the company offers a service bundle for a single fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
-
Offered by 32% of firms
Fixed
Unavailable
Types of Clients
It caters to pooled investment vehicles. Out of its 10 customers, Penso Advisors, LLC's largest client type is pooled investment vehicles. About 90% of the firm's accounts are represented by non-U.S. persons.
- 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
Penso Advisors, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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