{ "crd_number": 282688, "slug": "pennington-partners-and-co-llc-bethesda-md-282688", "primary_business_name": "PENNINGTON PARTNERS & CO., LLC", "legal_name": "PENNINGTON PARTNERS & CO., LLC", "dbas": [ "PENNINGTON PARTNERS F1 LLC", "PENNINGTON-TX, LLC" ], "city": "Bethesda", "state": "MD", "country": "United States", "cbsa_code": "47900", "metro": { "cbsa_code": "47900", "common_name": "Washington", "msa_name": "Washington-Arlington-Alexandria, DC-VA-MD-WV", "path": "/advisors/dc/washington" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2016-01-28", "years_registered": 10, "period": "2026-10-01", "filing_date": "2026-04-06", "carried_forward": false, "raum_total": 5087641631.0, "raum_discretionary": 2432576418.0, "raum_non_discretionary": 2655065213.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 36, "advisory_employees": 10, "client_count_bucket": null, "clients_by_type": { "high_net_worth_individuals": { "raum": 4601066857.0, "count": 102 }, "pooled_investment_vehicles": { "raum": 486574774.0, "count": 10 } }, "compensation_types": [ "fixed", "hourly", "percentage_of_aum", "performance_based" ], "advisory_activities": [ "financial_planning", "portfolio_management_individuals", "portfolio_management_pooled_vehicles", "selection_of_other_advisers" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "FL", "MD", "TX" ], "websites": [ "https://pennington.addepar.com", "https://penningtonpartners.co" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/282688", "city_as_filed": "BETHESDA", "url": "https://advisorcensus.com/firm/pennington-partners-and-co-llc-bethesda-md-282688", "display_name": "Pennington Partners & Co., LLC", "summary": "Pennington Partners & Co., LLC is an SEC-registered investment advisory firm in Bethesda, MD, registered since 2016, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated April 6, 2026.", "citation": "AdvisorCensus. Pennington Partners & Co., LLC (CRD 282688): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Hourly charges", "Fixed fees (other than subscription fees)", "Performance-based fees" ], "advisory_activity_labels": [ "Financial planning services", "Portfolio management for individuals and/or small businesses", "Portfolio management for pooled investment vehicles (other than investment companies)", "Selection of other advisers (including private fund managers)" ], "quick_answers": [ { "q": "How is Pennington Partners & Co., LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Pennington Partners & Co., LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); performance-based fees." }, { "q": "Where is Pennington Partners & Co., LLC located?", "a": "Pennington Partners & Co., LLC's principal office is in Bethesda, MD, according to its Form ADV; the May 2026 filing also lists 1 other office (Schedule D, Section 1.F)." }, { "q": "Is Pennington Partners & Co., LLC registered with the SEC or a state?", "a": "Pennington Partners & Co., LLC is an SEC-registered investment advisory firm, registered since 2016. Status as filed: Approved. CRD 282688." }, { "q": "How much does Pennington Partners & Co., LLC manage?", "a": "Pennington Partners & Co., LLC reports $5,087,641,631 in regulatory assets under management in its Form ADV filing dated April 6, 2026 (48% discretionary)." }, { "q": "How have Pennington Partners & Co., LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Pennington Partners & Co., LLC: Regulatory assets under management: $1,110,056,305 in the October 2021 data and $5,087,641,631 in the October 2026 data, up 358%. Total employees: 8 in October 2021 and 36 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Pennington Partners & Co., LLC serve?", "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (102); pooled investment vehicles (other than investment companies and business development companies) (10)." }, { "q": "Which custodians does Pennington Partners & Co., LLC use?", "a": "Pennington Partners & Co., LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab and Fidelity as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does Pennington Partners & Co., LLC report any disciplinary disclosures?", "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/282688" }, { "q": "What changed in Pennington Partners & Co., LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: No longer lists the business name Pennington Real Estate Partners, LLC. Added the business name Pennington Partners F1 LLC. Employees performing advisory functions went from 15 to 10. Regulatory assets under management went from $3,952,033,573 to $5,087,641,631 (+29%). Changed its office addresses in Houston, TX. Registered or notice-filed in FL." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 1110056305.0, "total_employees": 8, "filing_date": "2021-08-03" }, { "period": "2022-10-01", "regulatory_assets_under_management": 1735978052.0, "total_employees": 13, "filing_date": "2022-04-29" }, { "period": "2023-10-01", "regulatory_assets_under_management": 1703940725.0, "total_employees": 16, "filing_date": "2023-05-02" }, { "period": "2024-10-01", "regulatory_assets_under_management": 2973527798.0, "total_employees": 19, "filing_date": "2024-07-01" }, { "period": "2025-10-01", "regulatory_assets_under_management": 3952033573.0, "total_employees": 27, "filing_date": "2025-05-09" }, { "period": "2026-10-01", "regulatory_assets_under_management": 5087641631.0, "total_employees": 36, "filing_date": "2026-04-06" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "No longer lists the business name Pennington Real Estate Partners, LLC.", "Added the business name Pennington Partners F1 LLC.", "Employees performing advisory functions went from 15 to 10.", "Regulatory assets under management went from $3,952,033,573 to $5,087,641,631 (+29%).", "Changed its office addresses in Houston, TX.", "Registered or notice-filed in FL." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "Charles Schwab", "name_as_filed": "CHARLES SCHWAB", "affiliated": false }, { "name": "Fidelity", "name_as_filed": "FIDELITY", "affiliated": false } ], "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.", "markdown_url": "https://advisorcensus.com/firm/pennington-partners-and-co-llc-bethesda-md-282688.md", "clients": [ { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 102, "fewer_than_5": false, "raum": 4601066857.0 }, { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 10, "fewer_than_5": false, "raum": 486574774.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/282688", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }