The Pinnacle Financial Group (Rockville Centre)

Name: The Pinnacle Financial Group
Address: 9 South Long Beach Road, Rockville Centre, NY, 11570
Telephone: 516-763-9700

The Pinnacle Financial Group is a large advisory firm based in Rockville Centre. It manages $452.18 million of regulatory assets for 2,927 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Arizona, California, Colorado, and 13 other states.

The Pinnacle Financial Group provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Pinnacle Financial Group: assets under management

The assets under management (AUM) of The Pinnacle Financial Group is $452.18 million. The firm's AUM has grown by 1515% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $424.69 million in discretionary accounts and $27.49 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $156.08 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $133.44 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 66% of the total AUM. The second-largest asset type is exchange traded securities, which make up 22% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Pinnacle Financial Group for their services and products based on a percentage of assets under management and fixed fees. 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 Joseph Donald Esposito serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Joseph Donald Esposito is individuals with 2,659 clients and $359.52 million of assets under management. Among the 10 most similar advisory firms, The Pinnacle Financial Group has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $452.18 million for 2,721 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.

The Pinnacle Financial Group doesn't advise any private funds.

Careers at The Pinnacle Financial Group

The company employs 21 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 21 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Donald Esposito	President/chief compliance officer	1 Oct 2012	75% - 100%	3086217

Based in Rockville Centre

The principal office where The Pinnacle Financial Group performs its advisory services is located at 9 South Long Beach Road, Rockville Centre, NY 11570, which is also the mailing address of the firm. An additional office of the firm is in Uniondale, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 516-763-9700 or by fax 516-763-9706. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at thepinnaclefg.com.