Fee-only adviser · Amherst, MA
Pennyfarthing Investment Management, L.L.C.
Pennyfarthing Investment Management, L.L.C. is a fee-only investment adviser registered with the securities regulator of Massachusetts, with its main office in Amherst, Massachusetts. On its latest Form ADV, filed March 9, 2026, it reports $29M in regulatory assets under management, 27 individual clients and 1 employee who gives investment advice. It reports no commission compensation, is not registered as a broker-dealer and does not act as an insurance agent.
Key facts from Form ADV
| Registration | State-registered: Massachusetts |
|---|---|
| Firm CRD number | 123006 |
| Office | 6 South East Street Amherst, MA 01002 |
| Phone | (413) 259-1900 |
| Website | www.pennyfarthinginvestment.com |
| Regulatory assets under management | $29M ($28M discretionary) |
| Individual clients | 8 non-high-net-worth, 19 high-net-worth |
| Financial planning clients | 1-10 |
| How it charges | Percentage of assets, Hourly |
| Services | Financial planning, Portfolio management |
| Employees | 1 |
| Disciplinary disclosures | None reported |
| Latest Form ADV filing | March 9, 2026 |
Source: the firm’s Form ADV Part 1A as published by the SEC’s Investment Adviser Public Disclosure database, data as of November 6, 2026. Figures are self-reported by the firm.
What this means for you
- It offers hourly or fixed-fee arrangements, so you may be able to pay for a plan without handing over your investments.
- It also charges a percentage of assets managed for ongoing investment management.
- Most of its individual clients are high-net-worth, which on Form ADV means they meet the SEC’s qualified-client or qualified-purchaser test: broadly, more than $1 million managed by the adviser or a net worth above $2 million, with the thresholds indexed for inflation.
- It provides financial planning services, not only portfolio management.
- It reports no disciplinary history on Form ADV.
Before you hire any adviser
Read the firm’s Form ADV Part 2 brochure on its SEC record: it sets out fees, minimums, conflicts of interest and who will manage your money. Ask whether the firm acts as a fiduciary for all of your accounts, how it is paid in total, and who holds your assets. Our guide to choosing a financial adviser lists the questions to ask.
Other fee-only advisers in Amherst
- West Branch Capital LLC $690M
- Quabbin Advisors $110M
See all 3 fee-only advisers in Amherst →
Nearby
- Northampton 1 firm
- Montague 1 firm
- Wilbraham 2 firms
- Greenfield 1 firm
- Springfield 3 firms
- East Longmeadow 1 firm
- Bernardston 1 firm
- Southwick 1 firm
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