Our Roots

For more than 35 years, Penobscot Investment Management has helped clients find their place in an evolving financial world.

Penobscot Investment Management was founded in 1988 in Boston’s historic financial district. Our name hails from our roots along the Penobscot River in Maine, which instilled in us an appreciation for the outdoors that remains part of our culture.

Our founders – Gene Clapp and Doug Hart – built a firm based on deep client connections, respect for the natural environment, helping others, and honoring family. These values put the individual first and fuel our unique approach to each client.

The Penobscot team is purpose-driven. We relish the chance to learn more about you and to earn your trust over time. That trust empowers us to develop and implement growth strategies to preserve and grow your family’s financial future.

Our Values

  • Respect for the individual is paramount.
  • Family comes first, for clients and employees alike.
  • No two clients or portfolios are alike. Your portfolio is personally managed.
  • The focus is long-term capital appreciation and income growth.
  • Charitable giving, volunteerism, and support of the environment are core principles.
  • Support for each other.
Penobscot Investment Management

The pinecone, a reflection of nature’s perfect design, is intrinsic to nature’s ecosystem. It is a symbol of enlightenment, wisdom, and longevity. For us, the pinecone is a daily reminder that we are stewards not just of our greater surroundings, but of the growth and longevity of the portfolios that have been entrusted to our care.

Why Choose Us?

Your Life. Your Aspirations.
Your Trust.

Focusing on your life and financial aspirations, Penobscot structures portfolios to meet your distinct needs.

Quality. Your Goals.
Your Life.

Quality over quantity matters. We work with a limited number of individuals, families, and institutions. High-touch, high-contact, high-value – each member of your team contributes their expertise to help realize your financial goals.

Life. Wealth. Balance.
Penobscot.

Our investment approach is personal and practical. Using your goals and preferences as our guide, we met your needs by investing in companies with solid business fundamentals and substantial financial strength.

How We Serve You

Your life is unique so your financial support should be as well. Penobscot Investment Management’s goal is to preserve and grow your capital providing your portfolio with investment liquidity, while generating long-term capital appreciation.

A Truly Customized Portfolio

Your individual path drives your financial journey. In the age of robo-advisors and boilerplate guidance, we go against the grain. At Penobscot, we design each client’s portfolio from the ground up—selecting investments that we believe best fit YOUR specific goals and circumstances.

1988

Penobscot
Founded

32 Years

Average Years of Advisor Experience

$1.1B

Assets Under Management

$3.5M+-

Average Client Balance