{
  "crd_number": 123006,
  "slug": "pennyfarthing-investment-management-l-l-c-amherst-ma-123006",
  "primary_business_name": "PENNYFARTHING INVESTMENT MANAGEMENT, L.L.C.",
  "legal_name": "PENNYFARTHING INVESTMENT MANAGEMENT, L.L.C.",
  "dbas": [],
  "city": "Amherst",
  "state": "MA",
  "country": "United States",
  "cbsa_code": "11200",
  "metro": {
    "cbsa_code": "11200",
    "common_name": "Amherst Town",
    "msa_name": "Amherst Town-Northampton, MA",
    "path": "/advisors/ma/amherst-town"
  },
  "registration_type": "state",
  "registration_status": "APPROVED",
  "registration_date": "2004-03-03",
  "years_registered": 22,
  "period": "2026-10-01",
  "filing_date": "2026-03-09",
  "carried_forward": false,
  "raum_total": 29328633.0,
  "raum_discretionary": 27896071.0,
  "raum_non_discretionary": 1432562.0,
  "raum_band": "25m_100m",
  "raum_band_label": "$25 million to $100 million",
  "total_employees": 1,
  "advisory_employees": 1,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 1724469.0,
      "count": 8
    },
    "high_net_worth_individuals": {
      "raum": 27604164.0,
      "count": 19
    }
  },
  "compensation_types": [
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "MA"
  ],
  "websites": [
    "https://linkedin.com/in/eric-bright-cfa-45b8138",
    "https://pennyfarthinginvestment.com",
    "https://twitter.com/researchbright"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/123006",
  "city_as_filed": "AMHERST",
  "url": "https://advisorcensus.com/firm/pennyfarthing-investment-management-l-l-c-amherst-ma-123006",
  "display_name": "Pennyfarthing Investment Management, L.L.C.",
  "summary": "Pennyfarthing Investment Management, L.L.C. is a state-registered investment advisory firm in Amherst, MA, registered since 2004, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated March 9, 2026.",
  "citation": "AdvisorCensus. Pennyfarthing Investment Management, L.L.C. (CRD 123006): Form ADV filing data as of October 2026.",
  "registration_type_label": "State-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Pennyfarthing Investment Management, L.L.C. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Pennyfarthing Investment Management, L.L.C. reports these compensation arrangements: a percentage of assets under its management; hourly charges. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Pennyfarthing Investment Management, L.L.C. located?",
      "a": "Pennyfarthing Investment Management, L.L.C.'s principal office is in Amherst, MA, according to its Form ADV."
    },
    {
      "q": "Is Pennyfarthing Investment Management, L.L.C. registered with the SEC or a state?",
      "a": "Pennyfarthing Investment Management, L.L.C. is a state-registered investment advisory firm, registered since 2004. Status as filed: APPROVED. CRD 123006."
    },
    {
      "q": "How much does Pennyfarthing Investment Management, L.L.C. manage?",
      "a": "Pennyfarthing Investment Management, L.L.C. reports $29,328,633 in regulatory assets under management in its Form ADV filing dated March 9, 2026 (95% discretionary)."
    },
    {
      "q": "What types of clients does Pennyfarthing Investment Management, L.L.C. serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (19); individuals (other than high net worth individuals) (8)."
    },
    {
      "q": "Does Pennyfarthing Investment Management, L.L.C. report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/123006"
    }
  ],
  "filing_history": [],
  "recent_changes": [],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/pennyfarthing-investment-management-l-l-c-amherst-ma-123006.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 8,
      "fewer_than_5": false,
      "raum": 1724469.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 19,
      "fewer_than_5": false,
      "raum": 27604164.0
    }
  ],
  "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/123006",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}