Peconic Asset Planning

Peconic Asset Planning is a small advisory firm that provides discretionary investment management and related advisory services to individuals, high net worth individuals, trusts, and estates. The firm constructs customized portfolios using exchange-traded funds, diversified mutual funds, individual stocks and bonds, and also provides retirement-rollover recommendations and ongoing client reporting.

The firm emphasizes continuous personal client contact and uses both fundamental and technical analysis to build primarily long-term portfolios while permitting shorter-term trades for rebalancing, tax management, or changing market conditions. Accounts are monitored on a regular basis, the advisor generally has authority to trade discretely within client guidelines, and the firm votes client proxies as part of its stewardship responsibilities.

Peconic is notable for an unusually high client load for a firm of its size — managing roughly 203 client relationships with a single primary advisor and about $64.6 million in discretionary assets — and for sponsoring a wrap-fee program that bundles securities transaction costs into its advisory fee. The firm’s principal also maintains broker-dealer and insurance licenses and discloses related conflicts (including an economic incentive to recommend rollovers to IRAs it would manage); the firm also maintains an institutional custody relationship that provides certain operational benefits.