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Penates Corp (Scottsdale)


Penates Corp is a large advisory firm based in Scottsdale. It manages $51.23 million of regulatory assets for 58 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Arizona.

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Penates Corp provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Penates Corp: assets under management

The assets under management (AUM) of Penates Corp is $51.23 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -11% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.


The firm manages $51.23 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $883.32 thousand each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Penates Corp for their services and products based on a percentage of assets under management and hourly charges. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Based in Scottsdale

The principal office where Penates Corp performs its advisory services is located at 8787 E. Pinnacle Peak Road, Suite 210, Scottsdale, AZ 85255, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 480-473-3344 or by fax 480-473-4626. The normal business hours are 9am - 4:30pm on Monday - Friday. You can find more information about the New York firm at www.ottocapitalmanagement.com.


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