Pinnacle Investments, LLC (Syracuse)


Pinnacle Investments, LLC is a large advisory firm based in Syracuse. It manages $439.93 million of regulatory assets for 1,701 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Arizona, California, Connecticut, and 9 other states.

Pinnacle Investments provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm also engages as robo advisor.

Pinnacle Investments: assets under management

The assets under management (AUM) of Pinnacle Investments, LLC is $439.93 million. The firm's AUM has grown by 892% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $436.47 million in discretionary accounts and $3.46 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $258.57 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $266.41 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 44% of the total AUM. The second-largest asset type is investment and business development companies, which make up 26% of the firm’s portfolio. Investments in non-exchange traded securities form 20% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pinnacle Investments, LLC for their services and products based on a percentage of assets under management and hourly charges. 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.

What kind of clients Susan J Griffith serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Susan J Griffith is individuals with 1,079 clients and $420.41 million of assets under management. Among the 11 most similar advisory firms, Pinnacle Investments has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $439.93 million for 1,090 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 Investments doesn't advise any private funds.

Careers at Pinnacle Investments, LLC

The company employs 33 people that are either part- or full-time employees. 94 percent of the employees work as investment advisers or researchers. 31 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 doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Susan J Griffith has been acting as President since 1 Jun 2014. Ryan W York joined the executive team most recently as the Chief Executive Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Llc Pinnacle Holding Co Member 1 Nov 2006 75% - 100% 20-5319494
Gregg Anthony Kidd Managing member 1 Nov 2006 Other 1353130
Daniel Francis Raite Managing member 1 Nov 2006 Other 1244272
Pinnacle Holding Company Member 1 Nov 2006 75% - 100% 20-5319494
Eric Douglas Krouse Chief compliance officer/options principal series 4 1 Nov 2006 Other 4338577
Kenneth Ronald George Finop 1 Jun 2007 Other 2643369
David Wayne Kamp Chief compliance officer/options principal 1 Jan 2009 Other 1356963
Michael Richard Gagliardi Branch manager 1 Jul 2009 Other 2145157
Eric Douglas Krouse Chief compliance officer/chief executive officer/sr reg options principal 1 Mar 2011 Other 4338577
Keith Alan Zanders Chief compliance officer 1 Apr 2011 Other 2582027
Susan J Griffith President/director of compliance 1 Jun 2014 Other 2701020
Mark Richard Hansen Chief compliance officer 1 Oct 2015 Other 2888137
Ryan W York Chief executive officer 1 Jan 2016 Other 5770371

Indirect Owners

The SEC currently registers 4 indirect owners.

Name Entity Date acquired Ownership Employer ID
Gregg Anthony Kidd Current 1 Aug 1995 50% - 75% 1353130
Daniel Francis Raite Current 1 Aug 1995 25% - 50% 1244272
Unity Mutual Life Owner 1 Nov 2006 25% - 50% 15-0475585
Inc Fkapi Current 1 Apr 2007 75% - 100% 16-1485955

Based in Syracuse

The principal office where Pinnacle Investments, LLC performs its advisory services is located at 507 Plum St, Ste 120, Syracuse, NY 13204, which is also the mailing address of the firm. An additional office of the firm is in Philadelphia, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 315-251-1101 or by fax 315-251-1110. The normal business hours are 8:30am to 5:00pm on Monday - Friday. You can find more information about the New York firm at pinnacleinvestments.com and its LinkedIn profile.