Penbrook Management LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$147,542,210
Clients
74
Advisors
4
across 2 offices
About
Penbrook provides wealth management and financial planning services to a mix of individual clients (including high-net-worth individuals) and institutional clients such as pension and profit‑sharing plans, trusts, estates, charitable organizations and corporations. The firm offers discretionary portfolio management and ERISA 3(21) plan advisory services and typically charges percentage‑of‑assets fees for managed accounts.
Portfolios are managed primarily in individual equities with an objective of capital appreciation, and each portfolio manager maintains their own investment style informed by fundamental and qualitative analysis; the firm may also use margin and options when consistent with a client’s objectives. Penbrook also manages private pooled vehicles and provides portfolio management to those vehicles, including a private fund that focuses on small‑ and mid‑cap stocks, and may aggregate trades among client accounts and the fund when appropriate.
What distinguishes Penbrook from many peers is its role as adviser and affiliate to private funds and its activities as a fund sponsor/syndicator, which results in management personnel indirectly earning performance‑based fees; the brochure discloses the conflicts that arise and the firm’s procedures for trade allocation and disclosure. The firm also maintains affiliations with other investment advisers and with a broker‑dealer (registered representatives at Beech Hill) and uses third‑party custodial/prime broker relationships for fund operations, arrangements the firm describes as factors in its brokerage, custody and compliance practices.
Client services
Expertise
Occupation focus
Fee options
Flat fees for financial planning based on estimated complexity and time to complete
$0 - $1,000,000: 1.50% $1,000,000 - $10,000,000: 1.00% $10,000,000 - $20,000,000: 0.50%
Hourly fees for financial planning based on complexity and time required
Performance-based fees earned indirectly through affiliated private funds (AnKap Fund and Bayberry-West Fund)
Account minimum: $100,000
Main office
See office880 Third Ave, 16th Floor
New York NY 10022
Advisors at this office
3
Offices (2)
Most active in
California · Connecticut · Florida · Massachusetts · New Jersey · New York · Texas
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Advisors at this firm
Robert A
CFA®, Series 63
Vero Beach, FL
Penbrook Management LLC
Robert Anderson is a CFA® charterholder with 56 years of industry experience. He is a managing member of Penbrook Management LLC and Beech Hill Securities, Inc., and has been involved in private investment partnerships since 1998. Anderson also provides consulting services for trusts and estates through Fairfield Data Systems and serves on the investment and finance committees at Kent School, managing the Banbury Fund. Penbrook Management LLC is an SEC-registered investment adviser serving individuals, pension plans, trusts, charitable organizations, and pooled investment vehicles. The firm emphasizes discretionary portfolio management with a focus on individual equities for capital appreciation, supplemented by bonds and alternative strategies, and acts as adviser and sponsor to private pooled funds.
Barbara Ann D
CFP®, Series 63
New York, NY
Penbrook Management LLC
Barbara Ann Dicostanzo is a CFP® professional with 34 years of industry experience. She is a member of Penbrook Management LLC, where she has worked since 2004, and also serves at Beech Hill Securities, Inc. since 2013. In addition to her advisory roles, she is a member of ANKAP LLC, a general partner of an investment partnership. Penbrook Management LLC is an SEC-registered investment adviser serving individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, corporations, and pooled investment vehicles. The firm offers discretionary portfolio management and financial planning services, focusing on portfolios concentrated in individual equities for capital appreciation, supplemented by bonds and other instruments, with investment strategies tailored to client objectives.
Christopher D
Series 65
New York, NY
Penbrook Management LLC
Christopher Dicostanzo is a financial advisor at Penbrook Management LLC with four years of industry experience. He holds a Series 65 designation and has prior work experience in healthcare consulting and software management. Outside of advisory work, he is involved in consulting on patient engagement services through Dico Management, LLC, and manages golf league software via YGS Golf, LLC. Penbrook Management LLC serves a diverse client base including individuals, pension plans, trusts, and charitable organizations, offering discretionary portfolio management and financial planning. The firm emphasizes fundamental and qualitative analysis, building portfolios concentrated in individual equities aimed at capital appreciation, supplemented by bonds and other instruments.
Barbara C
CFA®, Series 63
New York, NY
Penbrook Management LLC
Barbara Chacour is a CFA® charterholder with 59 years of industry experience. She is a portfolio manager at Penbrook Management LLC and has been with the firm since 2010. She also works with Beech Hill Securities, Inc. since 2013. Penbrook Management LLC is an SEC-registered investment adviser serving individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, corporations, and pooled investment vehicles. The firm provides discretionary portfolio management and financial planning, focusing on fundamental and qualitative analysis to build portfolios concentrated in individual equities, supplemented by bonds and other instruments, with strategies tailored to client objectives.
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