Serial Entrepreneur

A successful entrepreneur recently sold his business for more than $300mm. While this individual continues to control four additional operating businesses, he has also partnered with Pennington Partners & Co. to serve as the extension of his family office. With his own dedicated CFO and two supporting personnel, the entrepreneur and his team recognized that they would benefit from an aligned partnership with Pennington Partners & Co. in which Pennington would be able to advise on both current and future operating businesses.  By integrating our operating partners' vision into a customized investment, succession, and overall family office strategy, this entrepreneur can maximize his business mission and philanthropic impact.  Pennington Partners & Co. is focused on freeing up the individual's time to enable him to maximize his fullest potential.

Multi-Generational Real Estate Family

An active multi-generational real estate family partnered with Pennington Partners & Co. to serve as the extension of their single-family office. For many years, the son, in his late 50's, was responsible for managing all the financial activities for the family, along with his father and one full-time administrative assistant. The grandchildren, in their late 20's and early 30's, are getting more involved in the real estate activities and have demonstrated both active interest and potential. Pennington Partners & Co. was engaged to address meaningful investment underperformance and lack of a cohesive strategy at a large private bank, as well as to create a real estate modeling and development program for the children to leverage the previous successes of the family. In collaboration with the firm’s principal real estate advisor, the family CEO developed a customized platform to work with the next generation to take their skills to the next level.

Professional Athlete and Entrepreneur

A leading professional athlete and entrepreneur partnered with Pennington Partners & Co. to serve as the extension of his family office. For many years, this individual and his family had a dedicated Chief of Staff, a team of multiple investment advisors, and a third party managing bill payment and other administrative activities while being responsible for holding the investment advisors accountable for performance. The professional athlete had a large exit from a company where he was the lead investor and board member. During his transition from playing baseball to the next chapter in his life, Pennington was introduced to address a lack of cohesion, minimize conflicts of interest that were inherent with existing investment advisors, develop a broader strategic plan, and assist in partnering with this very bright individual to maximize his greatest potential.