Frequently Asked Questions
Below are some commonly asked questions when clients consider giving Penobscot an initial call. Don’t hesitate to contact us with additional questions.
Our philosophy is focused on long-term capital appreciation and income growth in broadly diversified portfolios. These portfolios consist of securities typically issued by companies with substantial financial strength including relatively steady revenue, earnings and dividend growth.
As your investment adviser, we act in your best interest and do not put our interest ahead of yours. When creating a portfolio, we take into consideration your current financial requirements and future expectations all of which is reviewed on a regular basis. Clients generally grant us discretionary authority which allows us to buy and sell investments in your account without having to ask in advance.
There is no fee for an introductory call. We would welcome the opportunity to speak with you and see if a relationship with Penobscot will help you with your investment goals and objectives.
Yes, we will work with you to customize a portfolio aligned with your overall goals. This process includes the development of a detailed financial plan covering every aspect of your wealth management. From tax minimization and insurance review to trust strategies and estate planning, we will help you align your financial life.
We do not require a minimum size for opening or maintaining an account.
Being an experienced investor is not a requirement when working with Penobscot. We partner with you to develop a portfolio from the ground up and select investments we believe are reflective of and fit your specific goals and circumstances.
Yes, we do work on trusts. In many instances, we not only provide the investment management of a trust, we may also serve as trustee.