Penso Advisors, Llc
- Regulatory AUM
- $1.1B
- Discretionary
- $61.2M
- Clients
- 4
- Avg AUM / client
- $265M
- Accounts
- 8
- Employees
- 10
AUM over time
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 4 | $961M | 90.5% |
| Other investment advisers | Fewer than 5 clients | $100M | 9.42% |
| Corporations and other businesses | Fewer than 5 clients | $1.1M | 0.1% |
Private funds (5)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $264M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Penso Fund Platform Spc Segregated Portfolio Nca #12 (2017) | Hedge Fund | Cayman Islands | $125M | 4 |
| Penso Fund Platform Spc Segregated Portfolio Nca #14 | Hedge Fund | Cayman Islands | $76.2M | 6 |
| Penso Fund Platform Spc Segregated Portfolio Nca #10 (2017) | Hedge Fund | Cayman Islands | $36.6M | 1 |
| Penso Fund Platform Spc Segregated Portfolio Nca 16 Master master | Hedge Fund | Cayman Islands | $13.0M | 4 |
| Penso Fund Platform Spc Segregated Portfolio Nca #15 master | Hedge Fund | Cayman Islands | $12.7M | 6 |
People (5)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Bergmann, Iona, Malka Dolinger | Trustee | Dec 1995 (31y) | GP / trustee / elected manager of The Bergmann Children's Trust (indirect) | |
| Bergmann, Ari | Principal | Feb 2010 (17y) | Less than 5% | |
| Shechter, Jaime | Chief Operating Officer | Feb 2010 (17y) | Less than 5% | |
| Waxman, Leigh, Victoria | Chief Compliance Officer | Feb 2016 (11y) | Less than 5% | |
| Allison, Mark, David | Trustee | Mar 2019 (7y) | GP / trustee / elected manager of The Bergmann Children's Trust (indirect) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Penso Partners, Llc | Member | Feb 2010 | A | 75% or more |
| Penso Manager, Llc | Member | Feb 2010 | A | 5% – 10% |
| Abib Family Trust | Owner Of 99% Of Abib Family Partners, Ltd | Dec 1999 | B | ≈ 28.13% – 75% via Abib Family Partners, Ltd |
| Abib Family Partners, Ltd | Member | Feb 2010 | B | ≈ 37.5% – 75% via Penso Partners, Llc |
| The Bergmann Children's Trust | Member | Feb 2010 | B | ≈ 18.75% – 50% via Penso Partners, Llc |
| Corporate Management & Business Services Limited (Cmbs) | Trustee | Dec 2006 | B | GP / trustee / elected manager of Abib Family Trust (indirect) |
Undisclosed: 0% – 20% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Abib Family Trust: 75% – 100% of Abib Family Partners, Ltd × 50% – 75% of Penso Partners, Llc × 75% – 100% direct ≈ 28.13% – 75% of the firm
- Abib Family Partners, Ltd: 50% – 75% of Penso Partners, Llc × 75% – 100% direct ≈ 37.5% – 75% of the firm
- The Bergmann Children's Trust: 25% – 50% of Penso Partners, Llc × 75% – 100% direct ≈ 18.75% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (5, $264M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Penso Fund Platform Spc Segregated Portfolio Nca #12 (2017) | Hedge Fund | $125M | $100K | 4 |
| Penso Fund Platform Spc Segregated Portfolio Nca #14 | Hedge Fund | $76.2M | $100K | 6 |
| Penso Fund Platform Spc Segregated Portfolio Nca #10 (2017) | Hedge Fund | $36.6M | $40.0M | 1 |
| Penso Fund Platform Spc Segregated Portfolio Nca 16 Master | Hedge Fund | $13.0M | $100K | 4 |
| Penso Fund Platform Spc Segregated Portfolio Nca #15 | Hedge Fund | $12.7M | $100K | 6 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 1.22 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- BNY Mellon $125M (10% of AUM) Jun 2023
- J.P. Morgan $100M (9% of AUM) Mar 2026
- Credit Suisse Securities (Usa) Llc $36.2M (3% of AUM) Mar 2019
- Morgan Stanley $814K (0% of AUM) Mar 2026
- Safra Securities Llc $274K (0% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗