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Paladin Registry Member

This advisor or firm is a vetted, documented member of the Paladin Registry.

Advisors and firms must meet Paladin’s rigorous admittance requirements to qualify for membership in the Registry.

Paladin provides free information services to investors who rely on planners and investment advisors to help them achieve their financial goals. Paladin is the only SEC registered firm that vets, validates, and documents the quality of financial professionals and firms (since 2003).

Paladin Research Report For:

Penobscot Financial Advisors

Penobscot Financial Advisors

Penobscot Financial Advisors, a financial fiduciary has been a Paladin Registry member since 2019. Firm is the owner of Penobscot Financial Advisors. Firm provides financial services to clients in the Portland, Maine area.

I. Snapshot

A. Registry Member
  • Since 2019
B. Years of Experience
  • 11
C. College Degrees
  • 4
D. Certifications
  • 6
E. Financial Fiduciary
  • Yes
F. Business Philosophy
  • Read Business Philosophy

    PFA creates long-term partnerships with our clients, working diligently to ensure that investment and planning goals are met. We act as a fee-only fiduciary, meaning that we can only act in the best interest of our clients, do not receive commissions for selling products, and only receive compensation directly from our clients. This reduces conflicts of interest, and creates a clear relationship built on trust and results. We support our clients as a team, specializing to deliver the highest level of service across the broad spectrum of financial planning and investments. We offer straightforward solutions, delivered without confusing industry jargon or judgement. Our goal is to help our clients accomplish their goals.

II. Contact Information

A. Key Contact
  • Craig Joncas
B. Main Location
  • One Monument Square
    Suite 501
    Portland, Maine, 04101
C. Telephone
  • 207-990-1901

III. Internet

A. Visit Website
B. Social Connections

IV. Firm(s)

A. Name of Firm
  • Penobscot Financial Advisors
B. Relationship to Firm
  • Owner
C. Name of RIA
  • Penobscot Wealth Management
D. Name(s) of Custodian(s)
  • TD Ameritrade
  • Fidelity
  • TIAA CREF

V. Credentials

A. Years of Financial Experience
  • 11 Years
B. College, Degrees, Years
  • Did Not Provide

VI. Registration, Licensing,
Compliance

A. RIA/IAR Registration
  • RIA and IAR
B. Type of RIA Registration
  • SEC
C. Industry Licenses
  • RIA/IAR Registration
D. Registration & License Numbers
  • CRD: 286211
  • IARD: None
  • Insurance: None
E. State Licences
  • Financial Advice, Services for Fees: See List
    • California
    • Connecticut
    • Florida
    • Maine
    • Massachusetts
    • New Hampshire
    • New York
    • Pennsylvania
    • Texas
F. Compliance Record (Investment)
  • No Disclosures
G. Compliance Record (Insurance)
  • No Disclosures
H. View our ADV(s)
I. Links

VII. Business Data & Practices

A. Business Philosophy
  • Read Business Philosophy

    PFA creates long-term partnerships with our clients, working diligently to ensure that investment and planning goals are met. We act as a fee-only fiduciary, meaning that we can only act in the best interest of our clients, do not receive commissions for selling products, and only receive compensation directly from our clients. This reduces conflicts of interest, and creates a clear relationship built on trust and results. We support our clients as a team, specializing to deliver the highest level of service across the broad spectrum of financial planning and investments. We offer straightforward solutions, delivered without confusing industry jargon or judgement. Our goal is to help our clients accomplish their goals.

B. Number of Current Clients
  • 540
C. Assets (Management, Advisement)
  • $174,000,000
D. Methods of Compensation
  • Fixed Fee
  • Asset-Based Fee
E. Methods of Communication
  • Face-to-Face Meetings
  • Telephone
  • Email
  • GoToMeeting (or similar service)
F. Types of Reports (Frequency)
  • Performance (qa)
  • Brokerage Statement (mo)
  • Market Environment (mo)
  • Newsletters (mo)
G. Value Statement
  • View Value Statement
    Our firm differentiates by acting as a Fee-Only Fiduciary, providing services as a Team, and offering flexible, straightforward, pricing.

VIII. Clients & Services

A. Types of Clients
  • Individuals & Couples (Working)
  • Individuals & Couples (Retired)
  • Business Pension Plans
  • Business (Taxable)
  • Endowments & Foundations
B. Types of Financial Services
  • Planning Advice & Services
  • Investment Advice & Services
C. Discretionary Asset Management
  • Yes
D. Limited Engagement Services
  • Planning Only
  • Investment Portfolio Reviews

IX. Certification

Most Recent Update:
  • Jun 3, 2020

BASIC INFORMATION NEEDED FOR THE INQUIRY

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