Pennington Partners & Co, LLC

RIASEC RegisteredEst. 2016

Total AUM

$5.1B

Discretionary

$2.4B

48% of AUM

Avg account

$5M

Accounts

1,026

Employees

Advisory reps

Firm details

Headquarters: Bethesda, Maryland
CRD number: 282688
Registered since: January 28, 2016
Website: www.penningtonpartners.co
Custodians: FIDELITY DISTRIBUTORS COMPANY LLC, CHARLES SCHWAB & CO., INC.
Fee structure: Percentage of AUM, Hourly Charges, Fixed Fees, Performance Based Fees
Client types: HNWI90.44%
Pooled Investment Vehicles9.56%
Services: Financial PlanningPortfolio Management for IndividualsPortfolio Management for Pooled Investment VehiclesSelection of Other Advisers

Firm profile

FINTRX

Overview

Pennington Partners & Co, LLC is a privately held limited liability company that registered with the SEC in 2016 and operates as an independent registered investment adviser and a liquidity fund. The firm serves both individual/family clients and institutional investors and describes itself as a capital allocator—both selecting external managers and sponsoring or acting as GP/managing member for pooled investment vehicles. Its advisory services include financial planning, discretionary and non-discretionary portfolio management for individuals and small businesses, oversight of pooled vehicles, and selection of other advisers. Fee arrangements are flexible and include percentage-of-AUM, hourly, fixed-fee, and performance-based structures. The firm is not an active ESG investor and does not describe itself as a multi-state adviser or pension consultant. Pennington Partners has been recognized by Forbes on its Top RIA Firms lists in 2022, 2023, and 2024.