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Penn Advisory Group Inc.

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Client assets under management

$52,478,478

Clients

70

21% high-net worth

Advisors

2

of 2 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

More info

Clients per advisor

35

Low

Average account size

$749,693

About

Penn Advisory Group Inc. is a small, state‑registered investment adviser with two advisors managing roughly $53 million for about 70 clients. It serves individuals (including retirees), retirement and profit‑sharing plans, trusts, estates, charitable organizations, and corporations with personalized financial planning, portfolio management, and consulting services.

The firm combines fundamental and technical analysis, third‑party research and occasional quantitative portfolio modeling to build and monitor client portfolios, offering both discretionary and non‑discretionary management and periodic rebalancing. Its advised investment universe is broad and includes listed equities, mutual funds, ETFs (including leveraged and inverse ETFs), options, REITs, fixed income, and insurance products such as variable annuities.

What is notable about the firm is that its principal also operates as an independent insurance agent and may occasionally sell commission‑based insurance products to advisory clients, a relationship the brochure discloses as a potential conflict of interest. The team includes a CFP®‑credentialed planner with prior large‑firm planning experience and reports use of institutional brokerage and reporting services while not accepting performance‑based fees.

Client services

Financial planning Portfolio management Pension consulting

Expertise

General retirement planning College savings (529s, UTMA, etc.) Business succession planning Concentrated stock management Options & derivatives strategies

Occupation focus

Founder/Business Owner

Fee options

Fixed

Negotiable fixed fee based on complexity, not more than $500 prepaid more than 6 months in advance

Percentage

up to 2.00% annually

Project-based

$250 per hour

Main office location

Penn Advisory Group Inc.

1307 3 Rd Street Sw

Mount Vernon IA 52314, United States

Number of offices

1

Most active in

More info

Iowa

Disclosures

More info

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

More info

Forms ADV

Form ADV Part 2: Client Brochure

Quick links

319-535-0262

Advisors at this firm

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Robert P

Series 63, Series 65

Mount Vernon, IA

Penn Advisory Group Inc.

Robert Penn is the sole advisor at Penn Advisory Group Inc. in Mount Vernon, IA, holding Series 63 and Series 65 licenses with 36 years of industry experience. He previously worked at Cambridge Investment Research Advisors, Inc. and Broker Dealer Financial Services Corp. Outside of advising, Penn is involved as a referring individual for Legal Shield and serves as a notary public. Penn Advisory Group Inc. offers financial planning, investment management, and consulting services to individuals, retirement and profit-sharing plans, trusts, estates, charitable organizations, and corporations. The firm’s investment approach integrates fundamental and technical analysis with third-party research and quantitative data, advising on a broad range of securities and implementing strategies tailored to client objectives, including corporate and pension consulting services.

General retirement planning College savings (529s, UTMA, etc.) Business succession planning Concentrated stock management Options & derivatives strategies Founder/Business Owner
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Daniel B

CFP®, Series 66

Mount Vernon, IA

Penn Advisory Group Inc.

Daniel Brooks is a CFP® professional with 25 years of industry experience. He currently leads Penn Advisory Group Inc. after spending 20 years at The Vanguard Group, Inc. Brooks serves as treasurer on the board of the Sunrise Mountain High School Girls Basketball Booster Club in Peoria, AZ. Penn Advisory Group Inc. provides financial planning, investment management, and consulting services to individuals, retirement and profit-sharing plans, trusts, estates, charitable organizations, and corporations. The firm combines fundamental and technical analysis with third-party research and quantitative data to guide investment decisions across a broad range of asset classes, including corporate and retirement clients with services such as pension consulting and business succession planning.

General retirement planning College savings (529s, UTMA, etc.) Business succession planning Concentrated stock management Options & derivatives strategies Founder/Business Owner
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