Penn Investment Advisors, Inc. (Yardley)

Name: Penn Investment Advisors, Inc.
Address: 107 Floral Vale Blvd, Yardley, PA, 19067
Telephone: 1.800.626.1027

Penn Investment Advisors, Inc. is a large advisory firm based in Yardley. It manages $568.95 million of regulatory assets for 1,457 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Arizona, California, Colorado, and 25 other states.

Penn Investment Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, educational seminars and workshops, and consulting. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Penn Investment Advisors: assets under management

The assets under management (AUM) of Penn Investment Advisors, Inc. is $568.95 million. The firm's AUM has grown by 5% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $543.82 million in discretionary accounts and $25.13 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $399.57 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $261.74 thousand.

Investments

The firm invests in pooled investment vehicles the most. They account for 63% of the total AUM. The second-largest asset type is exchange traded securities, which make up 29% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Penn Investment Advisors, 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.

What kind of clients Christian Myers Wagner serves?

The firm provides services to individuals, charitable organizations, other investment advisers, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Christian Myers Wagner is pension and profit sharing plans with 48 clients and $227.66 million of assets under management. Among the 9 most similar advisory firms, Penn Investment Advisors has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $557.59 million for 1,448 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.

Penn Investment Advisors doesn't advise any private funds.

Careers at Penn Investment Advisors, Inc.

The company employs 16 people that are either part- or full-time employees. 88 percent of the employees work as investment advisers or researchers. 12 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.

Christian Myers Wagner has been acting as President since 1 Jun 2014. George Roberts Breuninger joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Penn Community Bank	Direct owner - 100%	1 Jul 2009	75% - 100%	23-1330248
Stephanie M Schwartzberg	Executive vice president/general counsel	1 Jan 2014	Other	6305306
Stephanie Schwartzberg Larue	Executive vice president/general counsel	1 Jan 2014	Other	6305306
Christian Myers Wagner	President	1 Jun 2014	Other	2095048
Sean Michael Schmid	Chief operating officer	1 Sep 2015	Other	4252140
George Roberts Breuninger	Chief compliance officer	1 Jun 2016	Other	6668620

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Penn Community Financial Corporation	Owns 100% of penn community bank	1 Jun 2004	75% - 100%	34-2006610
Inc. Penn Community Mutual Holdings	Owns 100% of penn community financial corporation	1 Jun 2004	75% - 100%	34-2006616

Based in Yardley

The principal office where Penn Investment Advisors, Inc. performs its advisory services is located at 107 Floral Vale Blvd, Yardley, PA 19067, which is also the mailing address of the firm. An additional office of the firm is in Wilmington, DE. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 1.800.626.1027 or by fax 267.864.1025. The normal business hours are 8:30am - 5:00pm est on Monday - Friday. You can find more information about the New York firm at pennadvisors.com.