Vero Beach, FL Office

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.