DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Pennington Partners & Co., LLC
Latest filing Apr 6, 2026
First filing on the tape Jan 21, 2016 · 39 filings
SEC status approved since Jan 28, 2016
RAUM
$5.1B
reported, Item 5.F
Discretionary
48%
of RAUM
Private clients
90%
$4.6B individuals and HNW
Advisors
11
registered through the firm on IAPD
RAUM per advisor
$463M
derived; firm RAUM over IAPD count
Employees
36
10 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
10
reported on Schedule D
History
39 filings and snapshots on the tape
RAUM$5.1B as of Apr 6, 2026
Mar 31, 2017$94.0M then
HNW client RAUM$4.6B as of Apr 6, 2026
Mar 30, 2018$173M then
State-registered IARs (5.B.3)0 as of Apr 6, 2026
Mar 31, 20173 then
Employees (5.A)36 as of Apr 6, 2026
Mar 31, 20173 then
Private funds10 as of Apr 6, 2026
Apr 1, 20204 then
RAUM +29% over the last fiscal year+44% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Apr 6, 2026; every figure names its basis
Archetypes, each a printed rule
- Multi-family-office-like · private-client share at least 50 percent, HNW at least 90 percent of private-client RAUM, average HNW client assets at least $25M, fewer than 200 HNW clients, and business name contains 'family office' or private funds are reported
- RIA with heavy alternatives · a wealth manager whose private fund gross assets are at least 25 percent of RAUM, or five or more private funds
- RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
- UHNW private wealth · private-client share at least 50 percent, HNW at least 90 percent of private-client RAUM, and average HNW client assets at least $10M
- RAUM per advisor
- $463MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $45.1MderivedHNW RAUM over HNW clients
- Average account
- $5.0MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 48%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 3.3derivedItem 5.A over advisors
- Advisors per office
- 5.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +29%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, hourly, fixed fees, performance-basedreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for pooled vehicles, selection of other advisersreportedItem 5.G
- Custody
- $566M, 61 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$4.6B90%
- Pooled investment vehicles$487M9.6%
- Individual clients
- n/areported
- HNW clients
- 102reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 1,026reported
- Financial planning clients
- 26-50reported
- Wrap fee programs
- noreported
- Custody of client assets
- $566M for 61 clientsreported
- Compensation
- % of AUM, fixed, hourly, performancereported
- Class basis
- private_client_share=0.9 fund_share=0.1 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
11 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Megan Ann Bleil | Bethesda, Md | Jan 9, 2017 | 21 y | 5 |
| William Joseph Lowrie | Bethesda, Md | Jun 8, 2023 | 20 y | 1 |
| Rodd Jeffrey MacklinChartered Financial Analyst | Bethesda, Md | Nov 9, 2023 | 18 y | 1 |
| Charles Stuart SheainChartered Financial Analyst | Bethesda, Md | May 24, 2024 | 18 y | 0 |
| Brian Richard Gaister | Bethesda, Md | Jun 28, 2024 | 18 y | 5 |
| Robert Kent Andrews | Bethesda, Md | Jan 2, 2025 | 11 y | 0 |
| Keith KellumCertified Financial Planner | Bethesda, Md | Sep 9, 2025 | 16 y | 0 |
| William Lawrence Halkyard | Bethesda, Md | Sep 22, 2025 | 12 y | 0 |
| Longhe Cao | Bethesda, Md | Oct 13, 2025 | 17 y | 0 |
| Jacob Reinhardt | Bethesda, Md | Oct 17, 2025 | 12 y | 0 |
| Meredith Lynn Farber | Bethesda, Md | May 26, 2026 | 10 y | 3 |
Advisor movement
2 left, 1 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 18% of current headcount5 left over 36 months
Left, latest
- Christopher James Wolfe to Gc Wealth Management Ria, LLCNov 24, 2025 · RIA to RIA
- Garrett Mitchell Alton to Certuity, LLCOct 20, 2025 · RIA to RIA
- Colin Larsen to LPL Financial LLCAug 11, 2025 · RIA to affiliated broker-dealer or bank
- Joseph Masino to Jfg Family OfficeJul 14, 2025 · RIA to RIA
- Sumit Handa to Ashton Thomas Private WealthOct 31, 2023 · RIA to RIA
- Allison Ferrentino Dunlap to Harbour Capital Advisors, LLCJan 10, 2022 · RIA to RIA
Joined, latest
- Meredith Lynn Farber from CorientMay 26, 2026 · RIA to RIA
- Christopher James Wolfe from J.P. Morgan Securities LLCJan 31, 2025 · Wirehouse to independent RIA
- Garrett Mitchell Alton from M&T Securities, Inc.Jan 31, 2025 · Other
- Colin Larsen from Wealthspire Retirement AdvisoryAug 5, 2024 · Other
- Joseph Masino from J.P. Morgan Securities LLCJul 10, 2024 · Wirehouse to independent RIA
- William Joseph Lowrie from Medallion Wealth Advisors, LLCJun 8, 2023 · RIA to RIA
- Allison Ferrentino Dunlap from Wealthcare Advisory Partners LLCAug 9, 2021 · RIA to RIA
- Brian Richard Gaister from Merrill Lynch, Pierce, Fenner & Smith IncorporatedMay 18, 2016 · Wirehouse to a newly registered adviser (no RAUM reported yet)
- Megan Ann Bleil from Wealthspire AdvisorsApr 27, 2016 · Other
Private funds
10 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Pennington Real Estate Partners Ozf, LP | Real Estate Fund | $84.6M | 5 | Mar 29, 2024 |
| Pennington Alternative Income Idf, LP | Private Equity Fund | $84.4M | 1 | May 6, 2019 |
| Pennington Alternative Income Access, LP | $77.3M | 25 | Apr 6, 2026 | |
| Ptm Partners Opportunity Zone Fund I, LP | Real Estate Fund | $76.8M | 88 | May 6, 2019 |
| Pennington Private Access, LP | Private Equity Fund | $70.4M | 17 | Mar 29, 2024 |
| Pennington Appreciation Fund, LP | Private Equity Fund | $50.8M | 27 | May 6, 2019 |
| Pennington Alternative Income Fund, LP | Hedge Fund | $28.9M | 24 | Mar 31, 2022 |
| Ptm Partners Opportunity Zone Fund III, LP | Private Equity Fund | $8.0M | 35 | Mar 29, 2024 |
| Atomizer Lxiv, A Series Of Atomizer LLC | Other Private Fund | $4.3M | 33 | Mar 31, 2023 |
| Pennington Liquidity Fund, LP | Liquidity Fund | $1.0M | 11 | May 6, 2019 |
Owners and control persons
Schedule A and B, latest filing
- Richard Brian Gaister · Chief Executive Officer / Managing Membercontrolsince 01/2016 · owns 50% to 75%
- Jeffrey Rodd Macklin · Membercontrolsince 02/2016 · owns 10% to 25%
- Anthony Guy Scott · Chief Compliance Officercontrolsince 04/2020 · owns less than 5%
- Richard Brian Gaister · Membercontrolsince 01/2016 · owns 25% to 50% of Gf Angel, LLC
- Gary Samuel Rose · Membersince 10/2018 · owns less than 5%
Entity owners
- Gf Angel, LLC · Memberdirect · owns less than 5%
Related persons
Schedule D 7.A
- Nsl, LLCinsurancey
- Pennington Alternative Income Fund Gp, LLCpooled vehicle sponsory
- Pennington Alternative Income Idf Gp, LLCpooled vehicle sponsory
- Pennington Appreciation Fund Gp, LLCpooled vehicle sponsory
- Pennington Gm, LLCpooled vehicle sponsory
- Ptm Partners Fund Manager, LLCpooled vehicle sponsorn
- Ptm Partners Ozf I Gp, LLCpooled vehicle sponsorn
- Saas Ventures Fund II Gp, LLCpooled vehicle sponsorn
- Saas Ventures Gp, LLCpooled vehicle sponsorn
- Saas Ventures, LLCinvestment advisern
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Bethesda, Md · principal | 11 | 4 | 2 |
Offices
Schedule D 1.F, the 25 largest
- Houston, TX4 employees
What changed
consecutive filings, newest first
- Advisory employees · 15 to 10May 9, 2025 to Mar 31, 2026
- HNW clients · 211 to 102May 9, 2025 to Mar 31, 2026
- Assets in custody · $337M to $566MMay 9, 2025 to Mar 31, 2026
- Employees · 27 to 36May 9, 2025 to Mar 31, 2026
- Discretionary RAUM · $1.7B to $2.4BMay 9, 2025 to Mar 31, 2026
- HNW RAUM · $3.6B to $4.6BMay 9, 2025 to Mar 31, 2026
- Non-discretionary RAUM · $2.3B to $2.7BMay 9, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $330M to $487MMay 9, 2025 to Mar 31, 2026
- RAUM · $4.0B to $5.1BMay 9, 2025 to Mar 31, 2026
- Assets in custody · $332M to $337MApr 14, 2025 to May 9, 2025
- Financial planning clients · 26-50 to 26-50Apr 14, 2025 to May 9, 2025
- Accounts · 437 to 1,026Oct 21, 2024 to Apr 14, 2025
- Advisory employees · 8 to 15Oct 21, 2024 to Apr 14, 2025
- HNW clients · 58 to 211Oct 21, 2024 to Apr 14, 2025
- Pooled vehicle clients · 9 to 10Oct 21, 2024 to Apr 14, 2025
- Assets in custody · $304M to $332MOct 21, 2024 to Apr 14, 2025
- Employees · 19 to 27Oct 21, 2024 to Apr 14, 2025
- Private funds · 9 to 10Oct 21, 2024 to Apr 14, 2025
- Discretionary RAUM · $1.4B to $1.7BOct 21, 2024 to Apr 14, 2025
- HNW RAUM · $2.7B to $3.6BOct 21, 2024 to Apr 14, 2025
- Non-discretionary RAUM · $1.6B to $2.3BOct 21, 2024 to Apr 14, 2025
- Pooled vehicle RAUM · $304M to $330MOct 21, 2024 to Apr 14, 2025
- RAUM · $3.0B to $4.0BOct 21, 2024 to Apr 14, 2025
- HNW clients · 57 to 58May 2, 2023 to Mar 29, 2024
- Pooled vehicle clients · 6 to 9May 2, 2023 to Mar 29, 2024
- Assets in custody · $237M to $304MMay 2, 2023 to Mar 29, 2024
- Employees · 16 to 19May 2, 2023 to Mar 29, 2024
- Private funds · 6 to 9May 2, 2023 to Mar 29, 2024
- Discretionary RAUM · $408M to $1.4BMay 2, 2023 to Mar 29, 2024
- HNW RAUM · $1.5B to $2.7BMay 2, 2023 to Mar 29, 2024
- Non-discretionary RAUM · $1.3B to $1.6BMay 2, 2023 to Mar 29, 2024
- Pooled vehicle RAUM · $237M to $304MMay 2, 2023 to Mar 29, 2024
- RAUM · $1.7B to $3.0BMay 2, 2023 to Mar 29, 2024
- Assets in custody · $235M to $237MMar 31, 2023 to May 2, 2023
- Employees · 13 to 16Mar 31, 2023 to May 2, 2023
- Discretionary RAUM · $406M to $408MMar 31, 2023 to May 2, 2023
- Non-discretionary RAUM · $1.3B to $1.3BMar 31, 2023 to May 2, 2023
- Pooled vehicle RAUM · $235M to $237MMar 31, 2023 to May 2, 2023
- RAUM · $1.7B to $1.7BMar 31, 2023 to May 2, 2023
- Accounts · 443 to 437Apr 29, 2022 to Mar 31, 2023
Signals
15 dated events
- Pennington Partners & Co., Llc reported RAUM $5.1B, up 29% from $4.0B (2025-05-09 to 2026-03-31)Mar 31, 2026 · RAUM change · derived
- Christopher James Wolfe left Pennington Partners & Co., Llc for Gc Wealth Management Ria, Llc (registered 2025-12-19)Nov 24, 2025 · Advisor changed firm · fact
- Garrett Mitchell Alton left Pennington Partners & Co., Llc for Certuity, Llc (registered 2025-12-16)Oct 20, 2025 · Advisor changed firm · fact
- Colin Larsen left Pennington Partners & Co., Llc for Lpl Financial Llc (registered 2025-09-12)Aug 11, 2025 · Advisor changed firm · fact
- Joseph Masino left Pennington Partners & Co., Llc for Jfg Family Office (registered 2025-08-13)Jul 14, 2025 · Advisor changed firm · fact
- Pennington Partners & Co., Llc reported RAUM $4.0B, up 33% from $3.0B (2024-10-21 to 2025-04-14)Apr 14, 2025 · RAUM change · derived
- Pennington Partners & Co., Llc reported RAUM $3.0B, up 75% from $1.7B (2023-05-02 to 2024-03-29)Mar 29, 2024 · RAUM change · derived
- Sumit Handa left Pennington Partners & Co., Llc for Ashton Thomas Private Wealth (registered 2024-01-17)Oct 31, 2023 · Advisor changed firm · fact
- Pennington Partners & Co., Llc reported RAUM $1.8B, up 63% from $1.1B (2021-08-03 to 2022-03-31)Mar 31, 2022 · RAUM change · derived
- Allison Ferrentino Dunlap left Pennington Partners & Co., Llc for Harbour Capital Advisors, Llc (registered 2022-01-25)Jan 10, 2022 · Advisor changed firm · fact
- Pennington Partners & Co., Llc reported RAUM $1.1B, up 43% from $775.5M (2021-02-23 to 2021-03-31)Mar 31, 2021 · RAUM change · derived
- Guy Scott (Chief Compliance Officer) appeared on Schedule A of Pennington Partners & Co., LlcJun 30, 2020 · Control person joined · fact
- Pennington Partners & Co., Llc reported RAUM $665.3M, up 38% from $482.9M (2018-06-01 to 2019-03-31)Mar 31, 2019 · RAUM change · derived
- Pennington Partners & Co., Llc reported RAUM $412.9M, up 138% from $173.1M (2018-03-30 to 2018-05-18)May 18, 2018 · RAUM change · derived
- Byrd Family Office, Llc filed its initial SEC registration (Form ADV)Jan 21, 2016 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- Pennington Partners & Co., LLC · Independent Sponsorsshared crd · capital_provider
- Pennington Partners & Co., LLC · Private Equityshared crd · organization
- Pennington Partners & Co., LLC · Venture Capitalshared crd · organization
How to reach
public business contact points only, each with its source
- Website
- PENNINGTON.ADDEPAR.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 202-370-6435reportedpublic record, Form ADV, Apr 6, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $463Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026
Across the graphs
Pennington Partners & Co., LLC is the same institution as 1 record in Real Estate Funds.
Real Estate Funds1
Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.
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