Progressive Investment Management provides portfolio management for individuals and small businesses.
Progressive Investment Management reports 176 clients. They include 141 high-net-worth individuals, 26 individual clients and 7 charitable organizations. Of its assets, 100.0% ($758M across 473 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 15% | 2% |
| High-net-worth individuals | 80% | 88% |
| Pension and profit-sharing plans | 1% | 5% |
| Charitable organizations | 4% | 5% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 26 | $18M | 2.4% | $691K |
| High-net-worth individuals | 141 | $665M | 87.7% | $4.72M |
| Pension and profit-sharing plans | Fewer than 5 | $36.3M | 4.8% | $18.1M |
| Charitable organizations | 7 | $39.2M | 5.2% | $5.6M |
| Total | 176 | $758M | 100% | — |
- Clients
- 26
- Regulatory AUM
- $18M
- AUM share
- 2.4%
- Avg. per client
- $691K
- Clients
- 141
- Regulatory AUM
- $665M
- AUM share
- 87.7%
- Avg. per client
- $4.72M
- Clients
- Fewer than 5
- Regulatory AUM
- $36.3M
- AUM share
- 4.8%
- Avg. per client
- $18.1M
- Clients
- 7
- Regulatory AUM
- $39.2M
- AUM share
- 5.2%
- Avg. per client
- $5.6M
Total
- Clients
- 176
- Regulatory AUM
- $758M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
Progressive Investment Management charges 0.50%–1.25% a year for its Separately Managed Accounts. The fee is billed in advance, is negotiable and requires an account of at least $2,000,000. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Consulting Services
- Consulting services may be offered in certain circumstances at an hourly rate of $250, specified in the client agreement.
The Carsten Henningsen Revocable Trust owns 75% or more of Progressive Investment Management and is in turn owned by Carsten Henningsen (50–75%). The leadership team of Progressive Investment Management includes Chief Compliance Officer Amanda Plyley. It has 8 employees, 4 of them in advisory roles.
Leadership
- Amanda PlyleyChief Compliance Officer, Director of Operations
Bryceson CharltonDirector of Investments, Investment Advisor
Carsten HenningsenOwner
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
Staff
- 8 employees
- 4 in advisory functions
- 4 state-registered reps
- Owns 75% or more of Progressive Investment Management Corporation
The Carsten Henningsen Revocable Trust
Control person · since March 2013
- Owns 50% to 75% of The Carsten Henningsen Revocable Trust
Carsten Henningsen
Control person · since March 2013
- Owns 75% or more of Progressive Investment Management Corporation
The Carsten Henningsen
Control person · since March 2013
Progressive Investment Management’s regulatory assets grew from $548M (March 2021) to $758M (March 2026); clients fell from 193 to 176 and employees rose from 6 to 8.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $758M | 176 | 8 | 2 |
| March 2025 | $700M | 177 | 7 | 3 |
| February 2024 | $626M | 180 | 7 | 3 |
| March 2023 | $507M | 187 | 6 | 3 |
| March 2022 | $646M | 184 | 6 | 3 |
| March 2021 | $548M | 193 | 6 | 2 |
Besides its headquarters, Progressive Investment Management has 1 office, with 2 listed addresses in Oregon.
Oregon · 2 listed addresses
- 310 N. State Street, Suite 214, Lake OswegoHQ
- 256 Oakway Center, Eugene
Contact and registration details
- Legal name
- Progressive Investment Management Corporation
- Headquarters
- 310 N. State Street, Suite 214, Lake Oswego, OR 97034
- Website
- progressiveinvestment.com
- Phone
- 503-224-7828
- @progressiveinvestment
- SEC file
- 801-32066
- Founded
- 1987
- Structure
- Oregon corporation
- Fiscal year end
- December
Progressive Investment Management uses Charles Schwab ($758M) as custodian for its separately managed accounts. Progressive Investment Management has custody of $212M in client assets for 79 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $758M100%
At year end, Progressive Investment Management’s separately managed accounts were mostly in stocks (55%) and bonds (34%). Its reported 13F holdings for the quarter ended 30 June 2026 total $454M across 56 positions; the largest are Apple Inc. (9.3%), Nvidia Corporation (8.9%) and Alphabet Inc. (8.3%).
What the accounts hold
- Stocks55%
- Funds7%
- Bonds34%
- State and local bonds33%
- U.S. government and agency bonds1%
- Cash3%
- Other1%
- Calvert impact capital community investment notes1%
Reported 13F holdings
- $454M
- Reported 13F value
- 56
- Positions
- 57.5%
- In the 10 largest
- +20.0%
- Value vs. prior quarter
- Apple Inc.9.3%
- Nvidia Corporation8.9%
- Alphabet Inc. · Cap Stk CL C8.3%
- Microsoft Corp.6.5%
- Amazon Com Inc.5.7%
- KLA Corp.4.1%
- Lam Research Corp.3.9%
- Broadcom Inc.3.9%
- Costco Wholesale Corporation3.5%
- Amphenol Corp. · CL A3.3%
Together, the ten largest are 57.5% of reported value.
How many clients does Progressive Investment Management have?
Progressive Investment Management has 176 clients and manages $758 million for them, as of March 2026. They include 141 high-net-worth individuals, 26 individual clients and 7 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 20 March 2026
What services does Progressive Investment Management offer?
Progressive Investment Management provides portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Progressive Investment Management charge?
Progressive Investment Management charges 0.50%–1.25% a year for its Separately Managed Accounts. The fee is billed in advance, is negotiable and requires an account of at least $2,000,000.
Which custodians does Progressive Investment Management use?
Progressive Investment Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $758M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 20 March 2026
How many financial advisors does Progressive Investment Management have?
Progressive Investment Management has 4 investment adviser representatives registered with state securities authorities, out of 8 employees, and 4 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Progressive Investment Management invest in?
At the end of its last fiscal year, Progressive Investment Management’s separately managed accounts held 55% exchange-traded equities, 33% state and local bonds, 7% registered funds (mutual funds, ETFs, BDCs), 3% cash and equivalents, 1% U.S. government and agency bonds and 1% other. The 1% other category is described as: Calvert Impact Capital Community Investment Notes.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Progressive Investment Management have a minimum investment?
Yes, Progressive Investment Management’s minimum account size for its Separately Managed Accounts is $2M.
Who owns Progressive Investment Management?
Progressive Investment Management is owned through a trust by Carsten Henningsen. Its direct owners are the Carsten Henningsen Revocable Trust (75% or more) and the Carsten Henningsen (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 20 March 2026
How does Progressive Investment Management get paid?
Progressive Investment Management is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Progressive Investment Management?
Progressive Investment Management’s main office is at 310 N. State Street, Suite 214, Lake Oswego, OR 97034. Its phone number is 503-224-7828. Its website is progressiveinvestment.com.