Pinnacle Asset Management, L.P
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Overview
Pinnacle Asset Management, L.P operates as an advisory firm that has its headquarters in New York, New York. The firm manages $7.4 billion in total assets over 24 customer accounts, making it one of the largest firms in the country by assets under management (AUM). The firm has a small team, including 8 financial advisors. Pinnacle Asset Management, L.P does not act as a registered broker-dealer, signifying that it is not able to buy and sell securities for its customers' and own accounts and instead must go through a broker-dealer company to do so. Securities are exchangable financial assets such as options, bonds and equities.
Pinnacle Asset Management, L.P administers all of its accounts on a discretionary basis. Discretionary management means that buy and sell decisions are made by an investment advisor without requiring client consent. Pinnacle Asset Management, L.P oversees roughly $309.9 million for each customer account. An average advisor at Pinnacle Asset Management, L.P manages about three client accounts, making it one of the most individualized financial advisor firms in the country.
The company's headquarters is located at 712 Fifth Avenue, New York, New York 10019-4150. The firm is legally allowed to serve investors across a few states, including Colorado, Florida, Massachusetts, Missouri and New York.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Pinnacle Asset Management, L.P by the Numbers
$7.4 billion
20
24
$309.9 million
Fee Structure
Fees charged by financial advisors usually depend on the type of financial services provided. However, fees charged by the company can consist of some blend of the following fee types: asset-based, performance-based or other. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
-
Offered by 10% of firms
Other
Unavailable
Types of Clients
It caters to pooled investment vehicles. Out of its 24 clients, Pinnacle Asset Management, L.P's largest client group is pooled investment vehicles. About 46% of its clients are non-U.S. persons.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 0%
- Corporations - 100%
- Charitable Organizations - 0%
* 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 Asset Management, L.P does not have any disclosures.
Please visit its Form ADV for more details.
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