Penobscot Financial Advisors
Bangor, Maine
Penobscot Financial Advisors at a glance
- One of 40 fee-only firms based in Maine in the Wellspent graph.
- 8 advisors are listed here; 5 of 8 hold the CFP.
- Its Form ADV reports 12 employees and 562 individual clients, 193 of them high net worth.
- Its average account is about $301,000 (assets it manages divided by its 1,811 accounts).
Facts
| Based in | Bangor, Maine |
|---|---|
| Website | penobscotfa.com |
| [email protected] | |
| Phone | (207) 990-1901 |
Questions about Penobscot Financial Advisors
How much does Penobscot Financial Advisors charge?
Penobscot Financial Advisors publishes these prices: ongoing planning: from $4,800 a year. We found this on its website, checked October 28, 2026.
How is Penobscot Financial Advisors paid?
Penobscot Financial Advisors's Form ADV says it is paid by: percentage of assets, hourly, fixed fees.
How many advisors does Penobscot Financial Advisors have in the Wellspent public graph?
The Wellspent public graph lists 8 advisors at Penobscot Financial Advisors, and 5 hold the CFP.
What is the average account at Penobscot Financial Advisors?
Penobscot Financial Advisors's average account is about $301,000. That's the assets on its Form ADV divided by its 1,811 accounts.
Penobscot Financial Advisors fees
What the firm's own website says it charges, checked October 28, 2026. We keep a price only when the exact words stating it appear on the page.
| Ongoing planning | From $4,800 a year |
|---|---|
| How it charges | Ongoing planning fee |
In the firm's words
"Our Financial Planning fees range between $4,800 to $7,200 per year depending on your household assets and level of complexity." source
"Our Financial Planning fees range between $4,800 to $7,200 per year depending on your household assets and level of complexity." source
For comparison, fee-only firms that publish prices charge a median of $4,500 a year for ongoing planning, $2,000 for a one-time plan, $300 an hour, or 1% of assets. See the fee report.
What its SEC filing says
| Paid by | Percentage of assets · Hourly · Fixed fees |
|---|---|
| Assets managed | $545 million |
| Individual clients | 369 |
| High-net-worth clients | 193 |
| Accounts managed | 1,811 |
| Employees | 12 |
| Planning clients | 26-50 |
| Registered with | The SEC (801-108988) |
| Financial planning | Offered |
| Form ADV filed | April 27, 2026 |
| SEC record | CRD 286211 |