Pinnacle Capital Management, LLC

CRD#141661
Investment Advisor Firm

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Overview

Pinnacle Capital Management, LLC operates as a financial advisory firm based in East Syracuse, New York. The company has $229.6 million in assets across 413 client accounts, making it a mid-tier financial advisory firm in the nation by assets under management (AUM). Pinnacle Capital Management, LLC has a small group, including 5 financial advisors. Pinnacle Capital Management, LLC is not a registered broker-dealer, meaning the company is not able to buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer firm to do so. Securities are defined as tradable financial investments like options, equities and bonds.

Pinnacle Capital Management, LLC manages more than half of the company's client assets on a discretionary basis. Discretionary management signifies that an investment advisor makes buy and sell judgments without requiring client permission. It also administers 19 non-discretionary accounts with a total of $46.1 million in assets under management. The advisory firm oversees roughly $555,858 in assets for every customer account. The typical financial advisor at Pinnacle Capital Management, LLC oversees around 83 client accounts.

The company's headquarters is at 5845 Widewaters Parkway, East Syracuse, New York 13057. The firm is legally registered to provide services to customers across a few states, including Massachusetts and New York.

Assets Under Management

$229.6 million

Number of Advisors

5

Disclosures

No

Office Location

5845 Widewaters Parkway
East Syracuse, NY 13057

Pinnacle Capital Management, LLC by the Numbers

Total Assets Under Management

$229.6 million

National Average: $8.6 billion
Total Number of Employees

6

National Average: 64
Total Number of Accounts

413

National Average: 375,227
Average Account Size

$555.9 thousand

National Average: $23.0 thousand
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Products and Services

Pinnacle Capital Management, LLC provides a variety of services, which can include portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, publication of newsletters, educational seminars and other services. However, the firm did not provide any of its clients with financial planning services in the previous financial year. It is not engaged in selling products or offering services other than investment advisory services to its investment advisory customers. Pinnacle Capital Management, LLC is affiliated with one or more other companies in the financial services industry, including with a broker-dealer or securities dealer and insurance company or agency.

Core Advisor Services

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    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 46% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

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    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

  • Offered by 3% of firms

    Publication of Periodicals

    This is the publication of various financial education materials.

  • Offered by 6% of firms

    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Fees for financial management usually depend on the services provided. Fees charged by the firm typically consist of the following fee type: asset-based. The company does not supply a wrap fee program, in which the company offers a service bundle for a comprehensive fee.

Available

  • Offered by 69% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

Unavailable

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    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 1% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 26% of firms that offer this fee type

    Performance-based

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    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 32% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Find one of the 10% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The company works with a number of different customers. The firm caters to retail investors, high net worth investors, investment companies, pooled investment vehicles, charitable organizations and other. Out of its 413 accounts, Pinnacle Capital Management, LLC's biggest client by number of accounts is retail investors, although it also caters to 22 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its accounts are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 5.33%
  • Other Individuals - 88.14%
  • Corporations - 5.08%
  • Charitable Organizations - 1.45%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Pinnacle Capital Management, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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