Pinnacle Holdings, LLC (Tulsa)

Name: Pinnacle Holdings, LLC
Address: 233 South Detroit Avenue, Suite 100, Tulsa, OK, 74120
Telephone: 918-582-6864

Pinnacle Holdings, LLC is a large advisory firm based in Tulsa. It manages $448.18 million of regulatory assets for 385 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdiction of Oklahoma.

Pinnacle Holdings provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Pinnacle Holdings: assets under management

The assets under management (AUM) of Pinnacle Holdings, LLC is $448.18 million. The firm's AUM has grown by 49% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $441.79 million in discretionary accounts and $6.39 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.15 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.2 million.

Pinnacle Holdings has custody of $70.87 million in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 89% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 13% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

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

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Pinnacle Holdings is high net worth individuals with 54 clients and $128.2 million of assets under management. Among the 7 most similar advisory firms, Pinnacle Holdings has the 0th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $318.75 million for 382 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 Holdings also advises several private funds. Namely, four hedge funds and one securitized asset fund. The minimum investment commitment required of non-related persons ranges from $100,000 to $250,000.

Careers at Pinnacle Holdings, LLC

The company employs 11 people that are either part- or full-time employees. 64 percent of the employees work as investment advisers or researchers. No 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
David Monroe Poarch	Managing partner/chief compliance officer	1 Feb 1996	Other	1572445
Robert Brett Kramer	Managing partner	1 Feb 1996	Other	1934782
Edward V. Roberts	Partner	1 Mar 1996	Other	6955115
Dorothy L Roberts	Partner	1 Mar 1996	Other	6955119
Timothy Steven Posey	General counsel	1 Nov 1996	Other	4374217
Carol Virginia Poarch	Partner	1 Dec 1998	Other	1572531
Llc Mimosa Tree Capital Investment Iii	Partner	1 Jun 2005	Other	84-1679260
Smith S William	Member	1 Jan 2007	Other	5644765
Susan S Burghart	Member	1 Jan 2007	Other	5644786
Brent Wray Wright	Member	1 Jan 2007	Other	2865801
John Edward Fryrear	Member	1 Jan 2007	Other	1537429
James Andrew Posey	Member	1 Jan 2007	Other	1855220
William Sherman Smith	Member	1 Jan 2007	Other	5644765
Susan Hoke Smith Burghart	Member	1 Jan 2007	Other	5644786
Lamont Edward Cavanaugh	Partner	1 Jan 2007	Other	5639805
Ross Owen Swimmer	Partner	1 Jun 2009	Other	4374214
Norma M. Kramer Irrevocable Trust	Partner	1 Jun 2015	Other	47-7102312
Aimee N Boyer	Partner	1 Jan 2017	Other	5920311

Based in Tulsa

The principal office where Pinnacle Holdings, LLC performs its advisory services is located at 233 South Detroit Avenue, Suite 100, Tulsa, OK 74120, 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 918-582-6864 or by fax 918-587-6502. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at pinnacleholdings.net.