Pennington Partners Named to Forbes Ranking of America’s Top RIA Firms

Pennington Partners, a multi-family investment firm with offices in Bethesda, MD and Houston, TX that specializes in working with entrepreneurs, family offices, and their families, has been included in Forbes’ inaugural list of America’s Top RIA Firms. The list recognizes 100 firms that provide the highest quality…Read More

Houston Business Journal

Pennington Partners, a Maryland-based firm focused on investment, wealth planning and financial administration, has opened an office in Houston, the company’s first outside of its headquarters in Bethesda. The new office at 1400 Post Oak Blvd. opened at the beginning of July, co-founder and CEO Brian Gaister told the Houston Business Journal… Read More

What investments will prosper in a stagflationary environment? Look to the '70s

Inflation, Federal Reserve policy tightening, and geopolitical turmoil are cooking up a recipe for stagflation — when inflation and low or no economic growth coincide — said Sumit Handa, managing director at investment firm Pennington Partners. Due to a mix of factors, the typical relationship between stock markets and bond markets has broken, he said. Typically, bond markets fall when stock markets rally and vice versa. … Read More

How U.S. Investors Can Deal With Fallout From The War In Ukraine In These Unprecedented Times

…In a recent interview, Sumit Handa, co-head of the investment committee at Pennington Partners and former CIO for the City of Philadelphia shares how consumers and investors are being affected by the sanctions. Of course, he doesn't advocate for war and in no way condones what Putin is doing…Read More

Private Debt Investor

A white paper from Pennington says PPLls are particularly effective when used in conjunction with an irrevocable life insurance trust, allowing families to grow their investments free of both income and estate tax. The minimum investment for a PPLI is $1 million, which can be funded over a period of three to four years… Read More

Pennington Kicks Off 2022 With Multiple Award Nominations!

As we begin the new year, we are pleased to share that Pennington Partners has been shortlisted for multiple categories in several prestigious industry awards. The recognition that we have received in these awards is a strong testament to the quality of work our team puts in every day and we are excited to make it further in the evaluation process…. Read More

A conversation about the nation’s uncharted economic territory

Sumit Handa, co-head of investment committees for Pennington Partners and Pennington Alternative Income, joins the program to offer his perspective on debt, inflation, interest rates, and where the smart investment dollars are flowing during these turbulent economic times… Listen Here

How One Founder Is Using His Companies To Invest In Innovation And Address The Needs Of Family Offices

Worth sat down with Brian Gaister, cofounder of Pennington Partners & Co., SaaS Ventures and PTM Partners, to discuss the purpose behind Pennington Partners, how it helps families and family offices and the opportunities he’s seeing in early-stage technology investing…Read More

Dan Och’s Fortune Soars With Family Office After Hedge Fund Exit

…“Dan was obviously a super successful hedge fund manager, but a hedge fund manager has constraints to what they invest in,” said Brian Gaister, head of multifamily office Pennington Partners. “With his family office, he has the flexibility to invest in different industries and in private and public companies.”…Read More

Pennington Partners Named to Forbes Ranking of America's Top RIA Firms

Pennington Partners, a multi-family investment firm with offices in Bethesda, MD and Houston, TX that specializes in working with entrepreneurs, family offices, and their families, has been included in Forbes' inaugural list of America's Top RIA Firms. The list recognizes 100 firms that provide the highest…Read More

Mansion Global

While higher mortgage rates in the U.S. aren’t likely to prevent high-net-worth individuals from buying the house they want, rising rates change the equation when it comes to deciding the best way to make a million-dollar purchase…you should shop around at different banks and negotiate for the best rate or have your financial advisor shop for you, said Brian Gaister, CEO and co-founder of Pennington Partners in Houston. …Read More

Benzinga

Crypto Winter. War in Ukraine. A stock market drop: What’s an investor to do? When we look at the drop in stock market values, we see this as the result of two factors: Covid lockdown policies that were drawn out far longer than they should have been, and monetary policies that have so far been ineffective at containing inflation. Even though, as of this writing, China has eased lockdowns in Shanghai… Read More

Pennington Partners Wins “Best High Net Worth Investment Platform” In 2022 PAM Awards

Bethesda, MD—February 24, 2022—Pennington Partners, a multi-family investment office that specializes in working with entrepreneurs, family offices, and their families, has been recognized as the winner of the best high net worth investment platform in the 2022 Private Asset Management (PAM) awards…Read More

Nasdaq Composite rallies 3.4% Monday, but still logs worst month in 2 years in rough start to 2022…

The Nasdaq Composite recorded its biggest percentage drop in almost two years, as well as its worst January in over a decade, despite Monday’s broader rally in stocks — capping a brutal month for investors….The Nasdaq Composite Index COMP closed up by 469.31 points, or 3.41%, at 14,239.88… Read More

How a New Asset Class Is Growing Out of Subscription Revenue

The pandemic was a light-bulb moment for founders of financing startups, which aim to turn subscription-based revenues into a new asset class.Can Software Save the World at a Profit? Venture funds and bank loans are no longer the sole source of capital for emerging technology companies. Revenue-based financing, which allows companies to borrow against… Read More

Can Software Save the World at a Profit?

Collin Gutman is managing partner of SaaS Ventures, a venture capital fund based in Miami and Washington, D.C., that focuses on early-stage investments in so-called enterprise technology—that’s the tools that help businesses behind the scenes, largely software and services. It launched its first fund of $20 million in 2017 and second $50 million fund in 2020…Read More

Are Hot Tech Deals Riskier for Direct Lenders?

 A hot technology investing marketplace is attracting a rush of capital to direct lending strategies aimed at financing buyout deals for software and other digital market companies. But as competition roars and valuations hit new highs, the jury is out over whether tech-focused direct lenders also face increased risk.…Read More

Looming Deadline Kicking Off A Flurry Of Opportunity Zone Investment

The opportunity zone program, passed into law in late 2017, comes with a series of incentives for investors to finance real estate projects and businesses in census tracts designated as needing investment. While the program will still provide benefits to investors for several more years, one of its incentives has a deadline for investors to place money…Read More

Michael Rubenstein Joins Pennington Partners as Director of Estate and Wealth Planning

A renowned estate planning attorney, Rubenstein will support Pennington's national network of ultra-high net worth families

HOUSTON, Oct. 3, 2022 Pennington Partners, a multi-family office that specializes in working with entrepreneurs, family offices, and their families, has announced that Michael Rubenstein has joined the firm and will lead its Estate and Wealth Planning services.

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Pennington Partners Announces Addition of Katherine Frattarola to Advisory Board

Frattarola's extensive experience within financial services marketing will support Pennington Partners' strong growth trajectory

BETHESDA, Md., Nov. 30, 2021 /PRNewswire/ -- Pennington Partners, a multi-family investment office that specializes in working with entrepreneurs, family offices, and their families, has announced the appointment of marketing executive, Katherine Frattarola, to its Advisory Board. Frattarola will be tasked with providing strategic guidance as the firm navigates a strong period of growth and expansion.

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The Family Wealth Alliance

CHICAGO, ILLINOIS, USA, October 18, 2022— The Family Wealth Alliance is pleased to announce the 25 recipients of its 2022 Young Professionals in Family Wealth Awards, which honor family wealth professionals under 40 who have demonstrated success in their careers and made significant contributions to the industry.

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The Dynamic Family Office Model

We are now sitting squarely at center stage of an unprecedented era of global family wealth transfer as the world’s most affluent individuals approach retirement and continue to ponder their family’s succession and wealth transfer requirements and aspirations. Amongst these families…

The Continuing Case to Invest in Opportunity Zones

Pennington Partners & Co. (Pennington) is a leading financial services solutions-focused firm that partners with entrepreneurs, their families, and the advisors that serve them.

Private Placement

Simply put, income and estate taxes can have a material impact on the investment returns for families with significant wealth. Investments that generate more normalized and predictable return streams often have a high percentage of returns taxed as either interest income or short-term…