Penniall & Associates, Inc. is a large advisory firm based in Pasadena. It manages $420.63 million of regulatory assets for 2,272 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 34 other states.
Penniall & Associates provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Penniall & Associates, Inc. is $420.63 million. The firm's AUM has grown by 56% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Penniall & Associates, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed 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.
The firm provides services to individuals and high net worth individuals. The largest group of clients of William Robert Chetney is high net worth individuals with 185 clients and $289.39 million of assets under management. Among the 11 most similar advisory firms, Penniall & Associates has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $420.63 million for 713 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Penniall & Associates doesn't advise any private funds.
The company employs 19 people that are either part- or full-time employees. 53 percent of the employees work as investment advisers or researchers. 10 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.
William Robert Chetney has been acting as President since 1 Sep 2008. Richard Alexander Leu joined the executive team most recently as the Partner, Senior Wealth Manager.
The principal office where Penniall & Associates, Inc. performs its advisory services is located at 123 S. Marengo Avenue, Pasadena, CA 91101 The mailing address of the firm is P.O. Box 7001, Pasadena, CA 91109 7001. An additional office of the firm is in Torrance, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 626-795-3062 or by fax 626-795-3063. The normal business hours are 8:30 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at athletewealth.com and its LinkedIn profile.