The Penn Investment Group, Inc. (Austin)

The Penn Investment Group, Inc. is a large advisory firm based in Austin. It manages $101.18 million of regulatory assets for 107 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdiction of Texas.

The Penn Investment Group provides portfolio management for individuals and small businesses and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

The Penn Investment Group: assets under management

The assets under management (AUM) of The Penn Investment Group, Inc. is $101.18 million. The firm's AUM has grown by 194% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $99.22 million in discretionary accounts and $1.96 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $992.22 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $279.78 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Penn Investment Group, Inc. for their services and products based on a percentage of assets under management, hourly charges, and commissions. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at The Penn Investment Group, Inc.

Frank Walter Penn has been acting as President since 1 Mar 1995. Jennifer Allen Miller joined the executive team most recently as the Muni Principal.

Direct owners and executive officers

Based in Austin

The principal office where The Penn Investment Group, Inc. performs its advisory services is located at 515 Congress Avenue, Austin, TX 78701, 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 512-477-3110 or by fax 512-472-1046. The normal business hours are 8 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at www.penninvest.com.

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