Pinnacle Pension Consultants LLC (Needham)

Name: Pinnacle Pension Consultants LLC
Address: 1492 Highland Ave., Needham, MA, 02492
Telephone: 857-302-4105

Pinnacle Pension Consultants LLC is a pension cosultant based in Needham. It manages $1.11 billion of regulatory assets for 67 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Maine, Massachusetts, and New Hampshire.

Pinnacle Pension Consultants provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, educational seminars and workshops, and consulting. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Pinnacle Pension Consultants: assets under management

The assets under management (AUM) of Pinnacle Pension Consultants LLC is $1.11 billion. The firm's AUM has gone down by -26% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $750 thousand in discretionary accounts and $1.11 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $750 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $16.85 million.

Investments

The firm invests in investment and business development companies the most. They account for 98% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 2% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pinnacle Pension Consultants LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Pinnacle Pension Consultants serves?

The only and largest group of clients of Pinnacle Pension Consultants is pension and profit sharing plans with 66 clients and $1.11 billion of assets under management. Among the 8 most similar advisory firms, Pinnacle Pension Consultants has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $1.11 billion for 66 clients. None of the firm’s clients are foreign persons or businesses.

Pinnacle Pension Consultants doesn't advise any private funds.

Careers at Pinnacle Pension Consultants LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Michael A. Mingolelli	Manager	1 Oct 2004	Other	4882416
Marc Elliot Mingolelli	Manager	1 Oct 2004	Other	3115606
Inc. Pinnacle Insurance Agency	Managing member	1 Oct 2004	75% - 100%	04-3298265
Gregory Clifford Lewis	Chief compliance officer	1 Aug 2007	Other	4764292
Gcl Holdings Llc	Principal owner	1 Dec 2015	75% - 100%	81-0776852

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Marc Elliot Mingolelli	Vice president	1 Sep 2003	25% - 50%	3115606
Michael A. Mingolelli	Vice president	1 Sep 2003	25% - 50%	4882416

Based in Needham

The principal office where Pinnacle Pension Consultants LLC performs its advisory services is located at 1492 Highland Ave., Needham, MA 02492, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 857-302-4105. The normal business hours are 8:30am to 5:00pm on Monday - Friday. You can find more information about the New York firm at pinnaclefinancialconsultants.com/.