Pinnacle Wealth Management Advisory Group, LLC (Red Bank)

Name: Pinnacle Wealth Management Advisory Group, LLC
Address: 47 Reckless Place, Red Bank, NJ, 07701
Telephone: 732-450-0147

Pinnacle Wealth Management Advisory Group, LLC is a large advisory firm based in Red Bank. It manages $484.58 million of regulatory assets for 562 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of District of Columbia, Florida, Maryland, and 6 other states.

Pinnacle Wealth Management Advisory Group provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Pinnacle Wealth Management Advisory Group: assets under management

The assets under management (AUM) of Pinnacle Wealth Management Advisory Group, LLC is $484.58 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1054% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $484.58 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $862.25 thousand each.

Pinnacle Wealth Management Advisory Group has custody of $80.66 million in cash and securities for 38 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 40% of the total AUM. The second-largest asset type is exchange traded securities, which make up 16% of the firm’s portfolio. Investments in state and local bonds form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pinnacle Wealth Management Advisory Group, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Pinnacle Wealth Management Advisory Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Pinnacle Wealth Management Advisory Group is high net worth individuals with 215 clients and $471.34 million of assets under management. Among the 9 most similar advisory firms, Pinnacle Wealth Management Advisory Group has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $473.5 million for 225 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 Wealth Management Advisory Group doesn't advise any private funds.

Careers at Pinnacle Wealth Management Advisory Group, LLC

The company employs 11 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 10 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Pinnacle Capital Management	Owner	1 May 2011	50% - 75%	45-2396433
James F Ferrare	Managing member	1 Jun 2011	Other	1557895
Carmine Davino	Chief compliance officer	1 Jun 2011	Other	2693235
Ws+B Financial Services Group Llc	Owner	1 Jul 2011	25% - 50%	22-3621575

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Smith & Brown P.C. Withum	Member	1 Oct 1998	75% - 100%	22-2027092

Based in Red Bank

The principal office where Pinnacle Wealth Management Advisory Group, LLC performs its advisory services is located at 47 Reckless Place, Red Bank, NJ 07701, which is also the mailing address of the firm. An additional office of the firm is in Princeton, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 732-450-0147. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at pwm-nj.com.