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Progressive Investment Management
Progressive Investment Management is an Oregon-based RIA founded in 1982 by Carsten Henningsen for environmental and social investing.
Progressive Investment Management
Carsten Henningsen founded Progressive Investment Management in 1982 with a focus on social and environmental investing, predating the broad adoption of ESG frameworks. The firm is headquartered in Lake Oswego, Oregon, with a second office in Eugene. It serves individuals, families, and organizations as a fee-only fiduciary, intentionally remaining small to maintain high-touch client relationships. The firm employs a global equity strategy called Portfolio 21, launched in 1999, which targets companies with improved environmental sustainability. Its fixed income approach is managed in-house. Progressive invests across public equities, fixed income, and cash, with allocations tailored to each client. Geographic focus is primarily US and developed markets. The team screens holdings using environmental and social criteria. Confirmed holdings include companies that meet the firm's ESG criteria, though specific portfolio companies are not disclosed. The investment team is led by Bryceson Charlton, CFA, Director of Investments, who joined in 2015 and oversees portfolio management. The full team includes 10 professionals, spanning investment strategy, client service, and operations. In 2025, Progressive added a Portfolio Analyst and a Client Services Associate, signaling continued investment in human capital. The firm maintains B Corp certification, verified by Director of Operations Amanda Plyley. Progressive Investment Management operates as a boutique, not an asset gatherer. Its structural differentiator is independence — it does not sell products, receive commissions, or pursue AUM growth at the cost of client focus. The firm's team size is by design, and it has no third-party distribution relationships. Succession is built into the leadership structure, with Henningsen still active but Charlton assuming investment direction.
General information
Firm type
RIA
Year founded
1982
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Lake Oswego
Corporate office
Lake Oswego, Oregon, United States
Additional offices
Eugene, Oregon, United States
Principals
Carsten Henningsen
Founder / Investment Advisor
Bryceson Charlton
Director of Investments / Investment Advisor
Sector focus
Frequently asked questions
Who makes investment decisions at Progressive Investment Management?
Bryceson Charlton, CFA, serves as Director of Investments and oversees portfolio management. He leads the investment team in executing the firm's long-term strategy. Carsten Henningsen remains involved as founder and investment advisor (per the firm's website).
Is Progressive Investment Management a single-family office?
No. Progressive is a fee-only Registered Investment Advisor serving multiple clients, not a family office. It manages assets for individuals, families, and organizations, but does not publicly disclose a single-family ownership structure.
How does Progressive integrate environmental and social factors?
The firm applies environmental, social, and governance (ESG) criteria to all investment decisions across asset classes. It launched the Portfolio 21 global equity strategy in 1999 specifically to target companies with improved environmental sustainability. The firm's B Corp certification reinforces its commitment to social and environmental standards.
What investment stages does Progressive target?
Progressive manages public market portfolios across equities and fixed income. It does not appear to engage in venture capital, private equity direct deals, or hedge funds. The focus is on public securities with ESG integration.
Does Progressive participate in private investments or co-investments?
The firm's website describes a focus on public equities and fixed income. There is no indication of private investment activity, fund commitments, or co-investments in private companies. Its model is traditional asset management with ESG overlay.
Where does the underlying wealth at Progressive come from?
Progressive does not disclose the source of its clients' wealth. The firm serves a range of clients — individuals, families, organizations — but does not attribute its AUM to any specific family or fortune.
How does Progressive's fee structure work?
Progressive is a fee-only fiduciary. It does not sell financial products or receive commissions. Fees are based on assets under management, aligning the firm's interests with client outcomes (per the firm's website).
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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