Penobscot Investment Management Company, Inc.

Penobscot Investment Management Co., Inc. is a registered investment advisor founded in 1988 by Eugene H. Clapp and Douglas E. Hart. The firm specializes in providing investment management services to individuals, trusts, pension and profit-sharing plans, estates, charitable organizations, and corporations. Penobscot's investment goal is long-term capital appreciation and income growth through diversified portfolios. The firm primarily invests in securities issued by leading companies with strong financials, including those with steady revenue, earnings, and dividend growth. Penobscot may consider environmental, social, and governance (ESG) factors in its investment decisions. Clients can impose restrictions on investments, and the firm does not participate in wrap fee programs. Penobscot charges fees quarterly based on assets under management, with negotiable fees in certain circumstances. The firm does not charge performance-based fees and offers both discretionary and non-discretionary account options. Penobscot reviews portfolios regularly, provides ongoing client communication, and has a fiduciary duty to act in the best interests of clients. The firm does not have any disciplinary history, and employees adhere to a formal Code of Ethics to avoid conflicts of interest. Penobscot uses qualified custodians for client assets and seeks best execution for client trades. Clients can request proxy voting information, and the firm has procedures in place to ensure votes are in the client's best interest.