Personal. Practical. Penobscot.
Located in the heart of Boston’s Financial District, Penobscot has been providing investment management services to individuals, families and non-profits since 1988. We believe that successful investment counsel requires both sound financial advice and effective communication with clients. These are the principles on which our company was founded.
Penobscot’s investment approach is personal and practical. Putting it simply, we meet each client’s distinct needs by investing in companies with solid business fundamentals and substantial financial strength.
Our goal is to provide our clients with long-term capital appreciation and growth of income. We achieve that goal through broadly diversified portfolios structured around each individual’s unique objectives. In general, we look for leading companies that demonstrate:
- A history of steady revenue growth
- A history of steady earnings and dividend growth
- Low price-to-book value
- Low price-to-earnings multiple
- Modest debt level
- Above average profit margin and return on equity
We also carefully consider risk at all levels – in individual securities, in financial markets, and in the risk tolerance of each client. While we are primarily equity investors, should stocks appear to be temporarily overvalued, we will increase our emphasis on cash and fixed income. Our team focuses on long-term capital appreciation and income growth, exercising patience and consistency throughout the process.
This approach has served clients well for over 25 years. Every relationship we have formed over those decades has been built on two enduring principles – a dedication to exceptional investment performance and a personal commitment to the people we serve.