# Penobscot Investment Management Company

Penobscot Investment Management Company is a Bank / Wealth / Trust based in Boston, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Boston, United States
- **Region:** North America
- **Address:** Boston, United States
- **Founded:** 1988
- **Assets under management:** $1.4B
- **Website:** www.pimboston.com
- **LinkedIn:** https://www.linkedin.com/company/pimboston

## Regulatory record

- **CRD number:** 105060
- **SEC file number:** 801-31820
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-05-18T05:00:00.000Z
- **Reports private funds:** No
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/105060

## About

Penobscot Investment Management Company launched in 1988 in Boston, Massachusetts, committing to a relationship-led model that stands apart from algorithmic alternatives. The firm works directly with individuals, families, and foundations, building each portfolio from scratch rather than relying on model-driven allocation and boilerplate guidance. Penobscot designs fully customized portfolios across a range of asset classes, taking a balanced approach to preserving and growing capital. The firm mentions an investment philosophy centered on preservation and growth, deploying client capital into individually selected investments that align with each client's stated goals and risk tolerance. Penobscot provides investment advisory services including financial planning, retirement planning, and portfolio management, charging fees based on a percentage of assets under management for services rendered. Penobscot maintains an open-door policy for client communication, encouraging quarterly engagement as a baseline while welcoming more frequent contact. The firm does not publish a minimum asset threshold, noting that it works with clients at all stages of their financial lives. No specific AUM number, professional headcount, or adjacent vehicles are publicly disclosed. Penobscot structures itself as a durable, human-led wealth management practice, not a technology platform — a posture the firm amplifies by calling out the rise of robo-advisors and boilerplate guidance directly on its website. The firm’s long-standing client relationships, spanning multiple generations, make its architecture one of sustained personal advisory rather than scalable digital deployment.

## Questions

### How does Penobscot construct client portfolios?

Penobscot designs each portfolio from the ground up, selecting investments tailored to a client’s specific lifestyle, goals, and preferences. The firm explicitly avoids model-driven or robo-advisor approaches, instead using a disciplined, personal process aimed at preserving and growing capital over time.

### How is Penobscot compensated for its services?

Penobscot charges fees based on a percentage of assets under management for services rendered, as stated on its own contact page. The firm does not disclose its specific fee schedule publicly, but confirms that an initial consultation is free of charge.

### Does Penobscot manage trust accounts?

Yes — the firm's homepage and broader description list trust management alongside investment management and financial planning as core services. Penobscot provides trust management for individuals and families as part of its personalized offering.

### What is Penobscot's communication cadence with clients?

Penobscot maintains an open-door policy, encouraging clients to reach out whenever necessary. While the firm hopes to engage at least quarterly with each client, it explicitly states that there is no pressure to do so and that the cadence adapts to each relationship.

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Last updated: 2026-07-08T22:21:38.017Z

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