Penbrook Management LLC (New York)

Penbrook Management LLC is a large advisory firm based in New York. It manages $123.55 million of regulatory assets for 191 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of California, Connecticut, Massachusetts, and 4 other states.

Penbrook Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Penbrook Management: assets under management

The assets under management (AUM) of Penbrook Management LLC is $123.55 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 220% since the beginning of its operation, and $6.76 million of the total AUM is attributable to clients outside of the United States.

The firm manages $123.55 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $646.84 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 79% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 12% of the firm’s portfolio. Investments in pooled investment vehicles form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Penbrook Management LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Penbrook Management serves?

The firm provides services to individuals, high net worth individuals, and pooled investment vehicles. The largest group of clients of Penbrook Management is high net worth individuals with 28 clients and $74.54 million of assets under management. Among the 12 most similar advisory firms, Penbrook Management has the 6th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $109.96 million for 104 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 5% of the firm’s clients are foreign persons or businesses.

Penbrook Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Penbrook Management LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Stephen Anderson	Managing member	1 Apr 2003	50% - 75%	5516
Ralph Moss Kaplan	Managing member	1 Apr 2003	Other	264152
Barbara Ann Burke Dicostanzo	Managing member, chief compliance officer	1 Apr 2003	Other	2036134
Barbara Ann Dicostanzo	Managing member, chief compliance officer	1 Apr 2003	25% - 50%	2036134
Barbara Ann Burke	Managing member, chief compliance officer	1 Apr 2003	Other	2036134

Based in New York

The principal office where Penbrook Management LLC performs its advisory services is located at 880 Third Avenue, New York, NY 10022, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-792-6952 or by fax 212-350-7201. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday.