Penobscot Financial Advisors fees
Financial planner in Portland, Maine. Registered with the SEC.
According to its Form ADV Part 2A brochure dated April 27, 2026, Penobscot Financial Advisors (Portland, ME) charges a flat or project fee of up to $7,200 and an annual fee of $7,200 for financial planning.
with up to 3 other firms
Published fees
Quoted from the firm's Form ADV Part 2A brochure, filed April 27, 2026. Fees can change.
- Flat or project fee
- Up to $7,200
Can go up to $7,200; the Maine median is $4,125.
“Penobscot Financial Advisors offers financial planning services for a fee up to $7,200, which can be paid on a monthly, quarterly, or annual basis for the client's convenience.”
- Annual fee
- $7,200/yr
The one other planner in Portland that publishes an annual fee charges more.
“Household Assets (Excluding Primary Residence) $1m+ $500k to $1M Less than $500k Annual Fee (Year 1) $7,200 $6,000 $4,800 UMS Financial Planning Services Penobscot Financial Advisors offers a one-time, limited financial plan for University of Maine employees for a fee of $100 paid upfront, in full.”
Read by software from the firm's brochure. Check the brochure (PDF) (opens in new tab) before you hire.
At a glance
- Also charges a % of assets
- Yes
- Minimum
- None stated in the brochure
- Credentials held at the firm
- CFP® professional (opens in new tab) and CFA
- Team size
- 12 employees
- Registered since
- 2017 (9 years)
How Penobscot Financial Advisors bills
Payment and refund terms, quoted from the fee section of the brochure.
- “The wealth management or investment advisory fee in the first quarter of service is prorated from the inception date of the account[s] to the end of the first quarter.”
- “Fees may be negotiable at the sole discretion of the Advisor.”
- “The fees are negotiable at the Advisor's sole discretion based on the nature of complexity of the services to be provided and the overall relationship with the Advisor.”
About Penobscot Financial Advisors
- Founded: 2000 (26 years).
Firm details from Form ADV
- How the firm is paid
- Hourly fees, flat or fixed fees, annual planning fees, and a percentage of assets under management
- Clients
- 562
- Works with
- Individuals, high net worth individuals, and charities
- Services reported to regulators
- Financial planning, portfolio management for individuals and small businesses, pension consulting, and educational seminars and workshops
- Assets managed
- $545 million
- Registered with
- U.S. Securities and Exchange Commission
- Disciplinary disclosures
- None reported on Form ADV as of April 27, 2026
- CRD number
- 286211 (opens in new tab)
- Phone
- (207) 990-1901
Registered or notice filed in 12 states: Arizona, California, Connecticut, Florida, Maine, Massachusetts, New Hampshire, New York, North Carolina, Pennsylvania, Texas, Vermont
Other planners in Portland that publish fees
- Bigelow Investment Advisors, LLCPortlandMonthly $165/mo
- H.M. PaysonPortlandFlat $5,000
- HeadinvestPortlandFlat $3,000-$5,000
- NorthWater CapitalPortlandHourly $200/hr
- Portland Financial Planning GroupPortlandHourly $300/hr, Flat $1,000-$7,500
- R M Davis IncPortlandFlat $5,000
Is something on this page wrong or out of date? Email corrections@plannerfees.com and PlannerFees will check it against the firm's latest filing.