Pennybacker Capital Management, LLC (Austin)

Name: Pennybacker Capital Management, LLC
Address: 3800 North Lamar Boulevard, Austin, TX, 78756
Telephone: 512-610-2910

Pennybacker Capital Management, LLC is a large advisory firm based in Austin. It manages $887.83 million of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Texas.

Pennybacker Capital Management provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Pennybacker Capital Management: assets under management

The assets under management (AUM) of Pennybacker Capital Management, LLC is $887.83 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 689% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $887.83 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $110.98 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pennybacker Capital Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Pennybacker Capital Management serves?

The only and largest group of clients of Pennybacker Capital Management is pooled investment vehicles with 8 clients and $887.83 million of assets under management. Among the 9 most similar advisory firms, Pennybacker Capital Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $887.83 million for 8 clients. None of the firm’s clients are foreign persons or businesses.

Pennybacker Capital Management also advises several private funds. Namely, eight real estate funds. The minimum investment commitment required of non-related persons ranges from $10,000 to $5,000,000.

Careers at Pennybacker Capital Management, LLC

The company employs 28 people that are either part- or full-time employees. 89 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Timothy Parker Berry	Manager and member	1 Apr 2006	50% - 75%	4171442
Michael C. O'malley	Member and chief compliance officer	1 Jan 2009	25% - 50%	6015617
Vincent Patrick Reyna	Member	1 Jan 2009	25% - 50%	4414603
Michael Christopher O'malley	Member and chief financial officer	1 Jan 2009	25% - 50%	6015617
George Prescott Bush	Member	1 Jan 2009	Other	6015601
Pamela Hewett Harper	Chief compliance officer, senior vice president, finance and administration	1 Mar 2018	Other	4310747

Based in Austin

The principal office where Pennybacker Capital Management, LLC performs its advisory services is located at 3800 North Lamar Boulevard, Austin, TX 78756, which is also the mailing address of the firm. An additional office of the firm is in Denver, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 512-610-2910 or by fax 512-610-2906. The normal business hours are 8 am to 5 pm on Monday - Friday. You can find more information about the New York firm at pennybackercap.com and its LinkedIn profile.