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 an independent registered investment adviser organized as an LLC and operating since its SEC registration in 2016. The firm functions as a capital allocator for both individual/family and institutional clients and combines financial planning with portfolio management across individual accounts and pooled vehicles. It also provides selection-of-other-advisers services and serves as sponsor/GP/managing member on pooled investment vehicles. Fee arrangements are varied — percentage of AUM, hourly and fixed fees, and performance-based fees are all used. The firm does not position itself as an active ESG investor. Pennington has been recognized in Forbes’ lists of top RIA firms in 2022, 2023, and 2024. Its classification on filings includes both a liquidity-fund role and independent RIA activities, and it reports acting as a capital allocator that places client capital with third-party managers and its own private funds.