Mount Vernon, IA Office

Penn Advisory Group serves individual investors (including high‑net‑worth and non‑HNW clients), retirement and profit‑sharing plans, trusts, estates, charitable organizations, and corporations. The firm provides discretionary and non‑discretionary portfolio management, financial planning and consulting, and coordinates estate‑planning document preparation through a partnership with EncorEstate Plans.

The firm combines fundamental and technical analysis with third‑party research (including Schwab and CFRA), historical quantitative modeling, and computerized portfolio models to tailor asset allocation to client objectives and risk tolerance. Accounts are typically custodied through Schwab, managed on either a discretionary or non‑discretionary basis, and are monitored and rebalanced with at least annual reviews.

Notable distinctions include that the firm’s principal is a licensed insurance agent and may occasionally offer commissionable insurance products to clients, a relationship the brochure discloses as a potential conflict of interest. The practice is small — two investment adviser representatives supporting roughly 70 client relationships and about $53 million in AUM — and the firm discloses use of a broader set of instruments (including leveraged/inverse ETFs, options, and concentrated positions) and participation in Schwab’s institutional program for custody and operational support.