# Penn First Advisors

Penn First Advisors is a RIA based in Tannersville, United States.

## Overview

- **Organization type:** RIA
- **Headquarters:** Tannersville, United States
- **Region:** North America
- **Address:** Philadelphia, PA, United States
- **Assets under management:** Undisclosed
- **Website:** pennfirstadvisors.com

## Regulatory record

- **CRD number:** 123356
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/123356

## About

PENN FIRST ADVISORS is a state-registered investment adviser in TANNERSVILLE, PA. The firm manages approximately $5 million in regulatory assets. It has 1 employee and 1 investment adviser.

## Sectors

- FinTech
- Venture Capital
- Other

## People

- Richard Vague — Founder

## Questions

### Who runs investment decisions at Penn First Advisors?

Richard Vague serves as the founder and primary principal overseeing investment decisions. Vague has a deep operating background, having co-founded First USA Bank and Juniper Financial, and he draws on a network of regional venture partners for deal evaluation. The firm has not publicly disclosed a separate CIO or investment committee structure.

### How does Penn First Advisors source its venture deals?

The firm sources heavily through Philadelphia's local technology and investment ecosystem. Vague maintains long-standing relationships with regional venture groups including Gabriel Investments and Robin Hood Ventures. Penn First relies on this personal and geographic network rather than a public deal-solicitation process.

### What is Penn First's known posture on co-investments?

Penn First Advisors co-invests regularly alongside Philadelphia-based venture firms such as Gabriel Investments and Robin Hood Ventures. The firm participates in both direct early-stage rounds and fund commitments within the Mid-Atlantic region, though specific co-investment terms are not publicly disclosed.

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- [Comprehensive Planning](https://altss.com/profile/comprehensive-planning-inc)
- [The Mandell Group](https://altss.com/profile/the-mandell-group)

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Last updated: 2026-07-06T01:24:23.134Z

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