Pinnacle Asset Management Group, Corporation (Inc.) (Shreveport)

Name: Pinnacle Asset Management Group, Corporation (Inc.)
Address: 2020 Line Avenue, Shreveport, LA, 71104 2125
Telephone: 318-221-7526

Pinnacle Asset Management Group, Corporation (Inc.) is a large advisory firm based in Shreveport. It manages $142.35 million of regulatory assets for 326 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdiction of Louisiana.

Pinnacle Asset Management Group, Corporation (Inc.) provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Pinnacle Asset Management Group, Corporation (Inc.): assets under management

The assets under management (AUM) of Pinnacle Asset Management Group, Corporation (Inc.) is $142.35 million. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in exchange traded securities the most. They account for 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio. Investments in non-exchange traded securities form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pinnacle Asset Management Group, Corporation (Inc.) 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 Pinnacle Asset Management Group, Corporation (Inc.) serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Pinnacle Asset Management Group, Corporation (Inc.) is individuals with 280 clients and $93.77 million of assets under management. Among the 9 most similar advisory firms, Pinnacle Asset Management Group, Corporation (Inc.) has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $134.72 million for 322 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 Asset Management Group, Corporation (Inc.) doesn't advise any private funds.

Careers at Pinnacle Asset Management Group, Corporation (Inc.)

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 3 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.

Based in Shreveport

The principal office where Pinnacle Asset Management Group, Corporation (Inc.) performs its advisory services is located at 2020 Line Avenue, Shreveport, LA 71104 2125, 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 318-221-7526 or by fax 318-221-7527. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at facebook.com/pinnacleassetmanagementgroup.