PENN INVESTMENT ADVISORS, INC.
Adviser information for PENN INVESTMENT ADVISORS, INC. last updated from Form ADV on March 30th, 2023. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Corporation |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | Pennsylvania, United States |
Employees
| Total Number of Employees | 9 |
|---|---|
| Investment Advisory/Research | 7 |
| Registered Broker-Dealer Representatives | 7 |
| Registered State Investment Advisers | 7 |
| Licensed Agents of an Insurance Company | 7 |
| No. of Firms/People that Solicit Clients | 0 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 1,139 | $574.4M |
| Non-Discretionary | 0 | $0 |
| Total | 1,139 | $574.4M |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 1,049 | $118.8M |
| HNW Individuals | 49 | $102.5M |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 0 | $0 |
| Pension and profit sharing plans | 32 | $322.9M |
| Charitable organizations | <5 | $5.1M |
| State or municipal gov entities | <5 | $20.5M |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses | <5 | $3.1M |
| Other | <5 | $1.5M |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 1139 |
| No. of Non-U.S. Clients | 0 |
| No. of Financial Planning Clients | 11-25 |
Services
| Advisory Services | Financial planningPortfolio management for individuals and/or small businessesPortfolio management for businesses or institutional clientsEducational seminars/workshopsCONSULTING |
|---|---|
| Compensation | % of AUMHourly chargesFixed fees |
Principal Office
1 BELMONT AVEBALA CYNWYD
PA
United States
Monday - Friday, 8:30AM - 5:00PM EST
Tel: 1.800.626.1027, Fax: 267.864.1025
Websites
Chief Compliance Officer
GEORGE BREUNINGER
CHIEF COMPLIANCE OFFICER
1 BELMONT AVE
BALA CYNWYD
PA
United States
Tel:
1.800.626.1027
Fax:
267.864.1025
G****************@************M
(Full email address available in API data)
Regulatory Contact
CHRISTIAN M. WAGNER
PRESIDENT
1 BELMONT AVE
BALA CYNWYD
PA
United States
Tel:
1.800.626.1027
Fax:
267.864.1025
C***************@************M
(Full email address available in API data)
Industry Affiliates
| AB BROADLY SYNDICATED LOAN MANAGER LLC | Other investment adviser, including financial planners |
| AB CARVAL INVESTORS, LP | Other investment adviser, including financial planners |
| AB CUSTOM ALTERNATIVE SOLUTIONS LLC | Other investment adviser, including financial plannersCommodity pool operator or commodity trading advisor |
| AB PRIVATE CREDIT INVESTORS LLC | Other investment adviser, including financial planners |
| ALLIANCEBERNSTEIN CORPORATION | Other investment adviser, including financial planners |
| ALLIANCEBERNSTEIN HOLDING L.P. | Other investment adviser, including financial planners |
| ALLIANCEBERNSTEIN INVESTMENTS, INC. | Broker-dealer, municipal securities dealer, or gov securities broker or dealer |
| ALLIANCEBERNSTEIN L.P. | Other investment adviser, including financial plannersCommodity pool operator or commodity trading advisorSponsor, GP, manager of pooled investment vehicles |
| EQUITABLE ADVISORS, LLC | Broker-dealer, municipal securities dealer, or gov securities broker or dealerOther investment adviser, including financial plannersInsurance company or agency |
| EQUITABLE DISTRIBUTORS, LLC | Broker-dealer, municipal securities dealer, or gov securities broker or dealerInsurance company or agency |
| EQUITABLE FINANCIAL LIFE INSURANCE COMPANY | Insurance company or agency |
| EQUITABLE INVESTMENT MANAGEMENT GROUP, LLC | Other investment adviser, including financial plannersCommodity pool operator or commodity trading advisor |
| PLANMEMBER ASSET MANAGEMENT CORPORATION | Other investment adviser, including financial planners |
| PLANMEMBER SECURITIES CORPORATION | Broker-dealer, municipal securities dealer, or gov securities broker or dealerOther investment adviser, including financial plannersInsurance company or agency |
| SANFORD C. BERNSTEIN & CO., LLC | Broker-dealer, municipal securities dealer, or gov securities broker or dealerOther investment adviser, including financial plannersCommodity pool operator or commodity trading advisorFutures commission merchantSponsor or syndicator of limited partnerships |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|
None
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| SCHMID, SEAN, MICHAEL | Individual | – | CHIEF OPERATING OFFICER | 09/2015 | < 5% |
| WAGNER, CHRISTIAN, MYERS | Individual | – | PRESIDENT | 06/2014 | < 5% |
| Breuninger, George, Roberts | Individual | – | CHIEF COMPLIANCE OFFICER | 06/2016 | < 5% |
| EQUITABLE DISTRIBUTION HOLDING CORPORATION | Domestic Entity | – | MEMBER | 10/2022 | > 75% |
| EQUITABLE FINANCIAL SERVICES, LLC | Domestic Entity | EQUITABLE DISTRIBUTION HOLDING CORPORATION | SHAREHOLDER | 06/2002 | > 75% |
| EQUITABLE HOLDINGS, INC. | Domestic Entity | EQUITABLE FINANCIAL SERVICES, LLC | MEMBER | 10/2018 | > 75% |