Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $266.41 thousand. advice regarding specific investments. SYRACUSE, N.Y., April 4, 2022 /PRNewswire/ -- Pinnacle Investments, LLC ("Pinnacle"), a 25-year-old investment firm headquartered in Syracuse, expanded their business in Morristown, New Jersey with the procurement of three reps formerly affiliated with The Variable Annuity Life Insurance Company (VALIC). This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. "Having transitioned from VALIC to Pinnacle myself over two years ago, I can attest to the positive impact that move has been for my business. "We are thrilled to have this team join our growing firm," says Mark Nardella, President of Pinnacle Investments. Firms/Financial Professionals profile pages may contain certain limited information directly provided to by the Firm/Financial Professional including, by way of example only, the Personal Bio, Certifications, and/or Investment Philosophy portions of the profile page. Using this data, SmartAsset calculated We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. Heres a breakdown of the different options: Pinnacle Investments generally utilizes arange of securities to flesh out clients' portfolios. Pinnacle Investments is headquartered in Syracuse, NY and currently serves in 2 states: Rhode Island. Currently Pinnacle Investments actively practices as insurance brokers or agents, or they are affiliated with an insurance company or agency. An important aspect of the Trust Algorithm is processing the SEC Form ADV Part 1 filing of each Registered Investment Advisor (RIA). I'm excited to witness the team unleash their full potential as they are now able to provide their clients with a true open architecture platform of financial products and services. None of the firms clients are foreign persons or businesses. Investment and advisory services offered through Pinnacle Investments, LLC member FINRA/SIPC. Pinnacle Investments has nodisclosureson itsForm ADV, meaning it has a clean legal and regulatory record in the eyes of the U.S. Securities and Exchange Commission (SEC). The firm works with a combination of individuals and businesses. You can reach the main office by calling the phone number 315-251-1101 or by fax 315-251-1110. Item 11 Disclosure Information contains a list of valuable disclosures that are relevant for Americans. Pinnacle Investments offers a fairly standard range of advisory services to its clients. If you prefer to do things in person, you can also stop by the firms office on in East Syracuse, New York. This could be detrimental to a client during down markets. While this may seem like an attractive compensation structure to ensure your advisor is making your money work for you, often, the managers of those products are incentivized to take inappropriate risks to beat their performance benchmark. The company employs 33 people that are either part- or full-time employees. Pinnacle is afee-based firm, and certain of its advisors may receive additional compensation when clients participate in one of the firm's affiliated advisory programs offered by Wells Fargo Advisors. Pinnacle incentivizes independent recruits with competitive payouts, which are well above the 45-50% high earners at a wirehouse could earn. It prepares financial plans for less than 10 clients. MEDIA CONTACTElizabeth Higman, Marketing Manager[emailprotected]315-295-3832, Cision Distribution 888-776-0942 Our investments focus on long term value creation within the Living Sectors. Ryan W York joined the executive team most recently as the Chief Executive Officer. Learn more. Pinnacle Investments distinguishes itselfin that it operates both as a registered broker-dealer and registered investment advisor (RIA). View contacts for Pinnacle Investments, LLC to access new leads and connect with decision-makers. Active, Closed, Whether an Organization is for profit or non-profit, General contact email for the organization. The firm deducts fees directly from clients' accounts, thoughauthorization is needed to initiate this. Pinnacle's success is directly attributable to its ability to provide a personalized approach to investment management and client service while offering the sameinvestment productsand protections available at larger financial institutions. any city to learn about the cost of living in retirement for that location. Employees dont receive compensation from other entities for client referrals.

"Our recruitment team has done a tremendous job of getting our unique message to advisors looking to transition their business to a truly independent financial services company, managed by advisors themselves. Syracuse, NY 13202 All investing involves risk, including Zoom between states and the national map to see the top spots in each region. Mark, like the rest of senior management at Pinnacle, is also a financial advisor, so he brings that unique perspective that only an advisor can to leading these business lines, says CEO of Pinnacle Investments, Ben Quilty. performance of any RIA/IAR, participate in the management of any users account by an RIA/IAR or provide Our system found no other conflict questions to ask. Views: 181 (trailing six months).

31 employees are registered as investment adviser representatives with the state securities authorities. The firm's AUM has grown by 892% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients. The firm also has access to a numberwrap fee programs, in which clients are charged a single fee that covers both management and transactional costs. All of these conflicts can negatively impact clients via hidden fees and overall higher costs. Phone: 315.470.1800 Pinnacle Investments is a financial services company offering wealth management and security brokerage services. Sources: Bureau of Labor Statistics (BLS), Most of this firm's clients are individuals below the high-net-worth threshold. Today,Pinnacleis owned entirely by Pinnacle Holding Company, LLC, which in turn is principally owned byFKAPI, Inc., a financial services holding company. Whether they value an entrepreneurial firm culture, our unique suite of products and services, or want to participate in the personal wealth-building that the partnership model provides, I look forward to making the case for them to become a partner., About Pinnacle Investments, LLCCelebrating its 25th anniversary in 2021, Pinnacle Investments is an advisor partnership that provides a full spectrum of products and services to its clients, while fostering a culture of entrepreneurship and growth. SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Gregg Kidd, Pinnacle Holding Companys CEO adds, Pinnacle is all about teamwork. For financial reporting, their fiscal year ends on December 31st. Pinnacles staff includes lots of advisors, many of whom hold professional certifications. This philosophy has put them on an impressive growth trajectory throughout the U.S. To learn more visit Checks take place monthly. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Syracuse, NY December 1, 2021 Pinnacle Investments, LLC (Pinnacle), a 25-year-old wealth and asset manager based in New York State, announced today that Mark Nardella has been named President of the firms Broker-Dealer and RIA.

While Pinnacle Investments advises clients across a variety of portfolio sizes, the average client balance is currently $359,938. After checking the regulatory records of Pinnacle Investments, our system has identified the following question(s) to ask. 315-251-1101 Be sure that you dont forget about capital gains taxes, though. Founded in 2006, Pinnacle Capital Management, or PCM is an SEC-registered Investment Advisor. It manages $439.93 million of regulatory assets for 1,701 client accounts. Pinnacle Investments, LLC is a large advisory firm based in Syracuse. Catchphrases, including "fee-only," can be helpful; however, Americans often get confused with competitors promoting "fee-based" in response.

The Pinnacle approach to portfolio construction depends on a number of different factors, including the clients risk tolerance and financial goals, the type of program the client is in, the investment strategy the client has chosen and more. The advisory firm has several streams of revenue. Since experienced advisors run the firm, they avoid culture clashes that spoil the experience of advisors and clients. how many years of retirement a $1 million nest egg would cover in cities across America. As a financial advisory firm, Pinnacle Investments can provide a variety of financial planning services for Americans. This arrangement creates a conflict where the firm and its representatives may be motivated to insure clients with products, including annuities and life insurance, that generate high sales commissions when lower-cost alternatives may exist. the average cost of living for retirees in the largest U.S. cities. 2022 Reink Media Group LLC. Together they were overseeing $200 million in assets. services are limited to referring users to third party registered investment advisers and/or investment We then applied cost of living data from the Council for Community and Economic Research PCM is based in East Syracuse, New York, and also has an office in the Greater Boston area. You can find more information about the New York firm at and its LinkedIn profile. For more information on our member companies, visit The assets under management (AUM) of Pinnacle Investments, LLC is $439.93 million. The firms expanding footprint includes Pinnacle Investments and their 20 branch locations across 10 states. SmartAsset does not review the ongoing As client of the firm, PCM will: PCM offers a variety of actively managed portfolios, each corresponding to different investment objectives. Council for Community and Economic Research. Review content is produced by SmartAsset independently of any business Additionally, PCM serves as an investment manager to two funds a mutual fund and a private fund. This is not an offer to buy or sell any security or interest. When investing, it's easy to focus on the potential returns. Skopos Invest Administradora De Recursos Interancionais, Skopos Invest Administradora De Recursos Internacionais Ltda, Stocks and cryptocurrency portfolio tracker, Chief compliance officer/options principal series 4, Chief compliance officer/options principal, Chief compliance officer/chief executive officer/sr reg options principal. When typing in this field, a list of search results will appear and be automatically updated as you type. We analyzed data on average expenditures for seniors, cost of living and investment returns to determine information gathered from users through our online questionnaire. Ultimately, to understand the underlying costs of advisory services, we always recommend asking for an itemized fees breakdown and reading the firm's ADV Part 2 Brochure (Item 5, "Fees and Compensation"). An additional office of the firm is in Philadelphia, PA. With regard to portfolio management services, some instances may occur where Pinnacle Capital Management acts as a sub-advisor to Pinnacle Investments. food, healthcare, utilities, transportation and other) in each city. For the most up-to-date information, please view the applicable SEC and FINRA reports above. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. As an advisor and fiduciary, PCM actively creates and manages investment portfolios on a discretionary basis for individual and institutional investors utilizing equity, fixed income, and alternative securities. The firm provides services to individuals, high net worth individuals, and corporations or other businesses.

I believe that Pinnacles unique business mix and partnership structure will make an attractive alternative for Advisors seeking to change firms. Finding the right financial advisor doesnt have to be hard. 94 percent of the employees work as investment advisers or researchers. Firms that receive a 4.5 or 5-star rating are considered Trusted by We encourage any advisor or team of advisors looking to enhance their advisor-client experience to consider Pinnacle as their forever home, just as Prime Wealth Group has done.". print When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark, typically an index. The firm doesnt compensate employees in addition to the salary for bringing in new clients. This automated report was generated using SEC and FINRA data and was last updated on July 4th, 2022*. Undoubtedly, their clients will be the ones who benefit most from this move.".

"Landing such a well-rounded, hardworking, client-focused investment group to our firm is a testament to the exceptional culture Pinnacle Investments is building in the industry," states the CEO of Pinnacle Investments, Ben Quilty. Council for Community and Economic Research. Some firms receive these fees as payments, which creates an incentive to promote them. By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). Currently Pinnacle Investments is also a Broker-Dealer or is affiliated with one. 2021 Pinnacle Holding Company, LLC. Such certifications include certified financial planner (CFP), chartered retirement planning counselor (CRPC), certified retirement counselor (CRC) and chartered financial consultant (ChFC). The largest group of clients of Susan J Griffith is individuals with 1,079 clients and $420.41 million of assets under management.

To figure out how much you might owe, stop by our. We marry a data driven approach with our sector understanding and expertise to identify latent value in alternative assets. Title 17 of the Code of Federal Regulations. *SEC data last verified 07/10/2022. of seniors. Any data inaccuracies, please contact our team. For data support, email "".

Keep the asset owner and Financial Advisor informed through regular communication and access to PCM managers, quarterly performance reporting, investment commentary, annual review of clients investment plan, and periodic reviews with PCM Portfolio Managers. About Pinnacle Investments, LLCPinnacle Investments, LLC ("Pinnacle") was founded in 1996 by two advisors who sought a better solution for their clients than what was available at a large wirehouse. advisors
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