Pinnacle Wealth Planning Services, Inc. (Mansfield)

Pinnacle Wealth Planning Services, Inc. is a large advisory firm based in Mansfield. It manages $715.24 million of regulatory assets for 2,005 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of California, Colorado, Florida, and 8 other states.

Pinnacle Wealth Planning Services provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Pinnacle Wealth Planning Services: assets under management

The assets under management (AUM) of Pinnacle Wealth Planning Services, Inc. is $715.24 million. The firm's AUM has grown by 100% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $698.84 million in discretionary accounts and $16.4 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $363.6 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $197.57 thousand.

Pinnacle Wealth Planning Services has custody of $700 million in cash and securities for 500 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 78% of the total AUM. The second-largest asset type is exchange traded securities, which make up 13% of the firm’s portfolio. Investments in state and local bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pinnacle Wealth Planning Services, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Keith Allen Heichel serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Keith Allen Heichel is high net worth individuals with 375 clients and $372.28 million of assets under management. Among the 10 most similar advisory firms, Pinnacle Wealth Planning Services has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $706.89 million for 475 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 Wealth Planning Services doesn't advise any private funds.

Careers at Pinnacle Wealth Planning Services, Inc.

The company employs 22 people that are either part- or full-time employees. 59 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 22 people 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.

Pinnacle Wealth Planning Services, Inc. is owned by Kathleen E. Heichel. Keith Allen Heichel has been acting as President since 1 Jan 2011. David William Heichel joined the executive team most recently as the Board Member.

Direct owners and executive officers

Based in Mansfield

The principal office where Pinnacle Wealth Planning Services, Inc. performs its advisory services is located at 6 West 3 Rd St., Mansfield, OH 44902, which is also the mailing address of the firm. An additional office of the firm is in St. Petersburg, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 419-526-5226 or by fax 419-526-0323. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at fiduciaryprotection.com.

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