Firm Info
Firm Size
Services Offered
- Portfolio Management for Individuals & Small Businesses
- Pension Consulting Services
- Selection of Others Advisors
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
Available Fee Structures
- Percentage of Assets Under Management (AUM)
Pinnacle Wealth, LLC Overview
PINNACLE WEALTH, LLC is an exclusive fee-only Registered Investment Advisory Firm offering investment advice exclusively to its clients. The firm's headquarters is located in Madison, MS, where it has been providing top-notch investment advisory services since its establishment in 2021. Being a fee-only firm, PINNACLE WEALTH does not earn compensation from any other sources other than its clients. It makes its revenue from the advisory fees provided by the clients, thus eliminating any conflict of interest. PINNACLE WEALTH, LLC offers an array of services to its clients, primarily focusing on portfolio management for individuals and small businesses. The services offered by the firm are all investment-related, targeting clients interested in generating wealth through prudent investment decisions. Among the services on offer is pension consulting services, where the firm educates clients about their pension plans and makes recommendations on how best to manage it. Additionally, PINNACLE WEALTH provides consulting services on the selection of other advisors, allowing clients to make informed decisions on the suitability of their investment advisors. In summary, PINNACLE WEALTH, LLC is a niche investment advisory firm offering fee-only investment advice since 2021. Located in Madison, MS, the firm provides portfolio management services for individuals and small businesses, pension consulting services, and recommendations on the selection of other advisors. With a strong focus on its clients, PINNACLE WEALTH guarantees unbiased and conflict-free advisory services.
(Pinnacle Wealth, LLC) serves a variety of clients across different industries and sectors. The firm caters to individuals who seek professional financial advice and management to maximize their wealth and investment opportunities. Additionally, the firm serves high net worth individuals who require specialized attention and tailored investment strategies to maintain and grow their assets. Pinnacle Wealth, LLC also serves charitable organizations who are seeking to build their financial portfolios and invest in socially responsible ventures. Moreover, the firm provides services to other corporate entities not specified on their website. (Pinnacle Wealth, LLC) offers clients different fee structures depending on the level of service provided. One of these fee structures is a percentage of AUM or assets under management. This type of fee structure is a percentage charged on the total value of assets that the firm manages on behalf of the client. The percentage varies depending on the specific level of service provided and the overall value of assets under management. This fee structure provides a transparent and predictable cost to clients while incentivizing the firm to generate profitable returns on the client's investments. Other fee structures may include hourly rates, a flat fee, or performance-based fees depending on the nature of the service provided and the client's needs. Pinnacle Wealth, LLC works with clients to determine the best fee structure for their unique circumstances.
Typical Clients, Fee Structures & Investment Minimum
The investment minimum for Pinnacle Wealth, LLC is $250,000 for their Comprehensive Portfolio Management service as stated in their Part 2 Brochure. This minimum account balance requirement is not negotiable and is necessary for the entirety of the client's relationship with the firm. However, there is no minimum for their Asset Management Service, providing an option for clients who do not meet the Comprehensive Portfolio Management service minimum.
How This Office Can Help Sioux Falls, SD Residents
Pinnacle Wealth is a financial advisor firm that assists clients in Sioux Falls, SD, with their investment and retirement planning. They believe in personalized service, comprehensive analysis, and goal-oriented strategies. They offer clients a range of financial planning services, including investment management, retirement planning, tax planning, and estate planning. One financial challenge residents of Sioux Falls may face is planning for retirement. It can be difficult to know how much to save and how to invest wisely to ensure their financial security in retirement. Pinnacle Wealth can help clients develop personalized retirement plans that take into account their unique needs and goals. Another challenge may be managing tax liabilities, particularly with South Dakota's relatively high state sales tax rate. Pinnacle Wealth can help clients develop tax-efficient investment strategies to maximize their returns while minimizing their tax burdens.
Services Offered by Pinnacle Wealth, LLC
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Pinnacle Wealth, LLC most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Unavailable
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Subscription (Newsletter or Periodical)
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
Firm Headquarters
This firm has no other locations.
State Registrations
Pinnacle Wealth, LLC is registered to service clients in the following states:
- Alabama
- Florida
- Louisiana
- Mississippi
- Tennessee
- Texas
Disciplinary History
Pinnacle Wealth, LLC does not have any disclosures. Please visit it's Form ADV for more details.