{
  "crd_number": 286211,
  "slug": "penobscot-financial-advisors-portland-me-286211",
  "primary_business_name": "PENOBSCOT FINANCIAL ADVISORS",
  "legal_name": "PENOBSCOT WEALTH MANAGEMENT",
  "dbas": [],
  "city": "Portland",
  "state": "ME",
  "country": "United States",
  "cbsa_code": "38860",
  "metro": {
    "cbsa_code": "38860",
    "common_name": "Portland",
    "msa_name": "Portland-South Portland, ME",
    "path": "/advisors/me/portland"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2017-01-25",
  "years_registered": 9,
  "period": "2026-10-01",
  "filing_date": "2026-04-27",
  "carried_forward": false,
  "raum_total": 544532434.0,
  "raum_discretionary": 544025369.0,
  "raum_non_discretionary": 507065.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 12,
  "advisory_employees": 7,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 1242405.0,
      "count": null,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 146348336.0,
      "count": 369
    },
    "high_net_worth_individuals": {
      "raum": 396941693.0,
      "count": 193
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "pension_consulting",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "CA",
    "CT",
    "FL",
    "MA",
    "ME",
    "NC",
    "NH",
    "NY",
    "PA",
    "TX",
    "VT"
  ],
  "websites": [
    "https://anchor.fm/penobscotfa",
    "https://facebook.com/PENOBSCOTFINANCIALADVISORS",
    "https://linkedin.com/company/penobscot-financial-advisors",
    "https://penobscotfa.com",
    "https://youtube.com/channel/UCMM5Ik3i2vUjJQIrCfjYzzA"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/286211",
  "city_as_filed": "PORTLAND",
  "url": "https://advisorcensus.com/firm/penobscot-financial-advisors-portland-me-286211",
  "display_name": "Penobscot Financial Advisors",
  "summary": "Penobscot Financial Advisors is an SEC-registered investment advisory firm in Portland, ME, registered since 2017, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated April 27, 2026.",
  "citation": "AdvisorCensus. Penobscot Financial Advisors (CRD 286211): 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)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Pension consulting services",
    "Educational seminars/workshops"
  ],
  "quick_answers": [
    {
      "q": "How is Penobscot Financial Advisors compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Penobscot Financial Advisors reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "Where is Penobscot Financial Advisors located?",
      "a": "Penobscot Financial Advisors' principal office is in Portland, ME, according to its Form ADV; the May 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Penobscot Financial Advisors registered with the SEC or a state?",
      "a": "Penobscot Financial Advisors is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 286211."
    },
    {
      "q": "How much does Penobscot Financial Advisors manage?",
      "a": "Penobscot Financial Advisors reports $544,532,434 in regulatory assets under management in its Form ADV filing dated April 27, 2026 (100% discretionary)."
    },
    {
      "q": "How have Penobscot Financial Advisors' assets and staff changed since 2021?",
      "a": "In the Form ADV data for Penobscot Financial Advisors: Regulatory assets under management: $229,212,942 in the October 2021 data and $544,532,434 in the October 2026 data, up 138%. Total employees: 8 in October 2021 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Penobscot Financial Advisors serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (369); high net worth individuals (193)."
    },
    {
      "q": "Which custodians does Penobscot Financial Advisors use?",
      "a": "Penobscot Financial Advisors' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and TIAA-CREF Individual & Institutional Services, LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Penobscot Financial Advisors 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/286211"
    },
    {
      "q": "Does Penobscot Financial Advisors state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated April 27, 2026 says: \"Penobscot Financial Advisors does not impose a minimum asset size for establishing a relationship.\""
    },
    {
      "q": "What changed in Penobscot Financial Advisors' recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 6 to 7. Regulatory assets under management went from $434,543,021 to $544,532,434 (+25%). Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 229212942.0,
      "total_employees": 8,
      "filing_date": "2021-09-24"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 281657713.0,
      "total_employees": 8,
      "filing_date": "2022-02-09"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 330567172.0,
      "total_employees": 11,
      "filing_date": "2023-08-24"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 404953462.0,
      "total_employees": 12,
      "filing_date": "2024-07-29"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 434543021.0,
      "total_employees": 11,
      "filing_date": "2025-07-07"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 544532434.0,
      "total_employees": 12,
      "filing_date": "2026-04-27"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 6 to 7.",
        "Regulatory assets under management went from $434,543,021 to $544,532,434 (+25%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated April 27, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "Penobscot Financial Advisors does not impose a minimum asset size for establishing a relationship."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 0.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "Penobscot Financial Advisors does not impose a minimum asset size for establishing a relationship."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "TIAA-CREF Individual & Institutional Services, LLC",
      "name_as_filed": "TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC",
      "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/penobscot-financial-advisors-portland-me-286211.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 369,
      "fewer_than_5": false,
      "raum": 146348336.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 193,
      "fewer_than_5": false,
      "raum": 396941693.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": null,
      "fewer_than_5": true,
      "raum": 1242405.0
    }
  ],
  "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/286211",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}