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No. 2,263   PENSCO Trust Company   Portsmouth, NH

Year 2008
Industry Financial Services
Founded 1989
Growth 162.4%
2004 Revenue $5.8 million
2007 Revenue $15.2 million
Employees 65
Website www.penscotrust.com
What it does:
PENSCO Trust Company is a self-directed IRA (Individual Retirement Account) investment custodian.
Why it's growing:
In recent years the ability of individuals to use IRAs to invest in alternative assets--like private equities for start-ups--has captured the media's attention. An increased customer awareness of the value of exploring asset classes beyond mutual funds and stocks has resulted in growth.
What's noteworthy:
The company has supported some interesting, yet varying, IRA owner investments--from purchasing fishing leases in Alaska to setting up a nudist colony to creating robotic devices to disarm weapons in Iraq. As CEO Tom Anderson says, "You can buy just about anything with an IRA...we've started thousands of companies through retirement accounts."

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