Pinnacle Capital Management, LLC is a large advisory firm based in Fayetteville. It manages $138.06 million of regulatory assets for 284 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of California, Connecticut, Florida, and 11 other states.
Pinnacle Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, publication of newsletters, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Pinnacle Capital Management, LLC is $138.06 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -53% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Pinnacle Capital Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. 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.
The firm provides services to individuals, investment companies, high net worth individuals, and pooled investment vehicles. The largest group of clients of Pinnacle Capital Management is individuals with 255 clients and $82.68 million of assets under management. Among the 9 most similar advisory firms, Pinnacle Capital Management has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $136.88 million for 271 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Pinnacle Capital Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $100,000 for each fund.
The company employs 6 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There are 3 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Stephen Julius Fauer has served as the Chief Investment Officer since 1 Oct 2008 and Joseph Masella is the Chief Executive Officer of Pinnacle Capital Management, LLC family office. Kevin Mcclelland joined the executive team most recently as the Chief Compliance Officer.
The principal office where Pinnacle Capital Management, LLC performs its advisory services is located at 100 Limestone Plaza, Fayetteville, NY 13066, which is also the mailing address of the firm. An additional office of the firm is in Mansfield, MA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 315-234-9716 or by fax 315-637-0090. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at pinnacle-llc.com/pcm-about.