# Pinnacle Wealth Advisors

> Pinnacle Wealth Advisors is an SEC-registered investment advisory firm in Clackamas, OR, registered since 2019, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated July 16, 2026.

- CRD: 117517
- Filed as: PINNACLE WEALTH ADVISORS
- Legal name: Pinnacle Wealth Advisors, LLC
- Also doing business as: PINNACLE WEALTH ADVISORS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Clackamas, OR
- Filing period: October 2026
- Form ADV filing dated: July 16, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/117517
- AdvisorCensus page: https://advisorcensus.com/firm/pinnacle-wealth-advisors-clackamas-or-117517

## Quick answers

**How is Pinnacle Wealth Advisors compensated?**
On its Form ADV (Item 5.E, October 2026), Pinnacle Wealth Advisors reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**Where is Pinnacle Wealth Advisors located?**
Pinnacle Wealth Advisors' principal office is in Clackamas, OR, according to its Form ADV; the August 2026 filing also lists 4 other offices (Schedule D, Section 1.F).

**Is Pinnacle Wealth Advisors registered with the SEC or a state?**
Pinnacle Wealth Advisors is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 117517.

**How much does Pinnacle Wealth Advisors manage?**
Pinnacle Wealth Advisors reports $549,709,723 in regulatory assets under management in its Form ADV filing dated July 16, 2026 (93% discretionary).

**How have Pinnacle Wealth Advisors' assets and staff changed since 2021?**
In the Form ADV data for Pinnacle Wealth Advisors: Regulatory assets under management: $161,348,336 in the October 2021 data and $549,709,723 in the October 2026 data, up 241%. Total employees: 6 in October 2021 and 21 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Pinnacle Wealth Advisors serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (736); high net worth individuals (74); pension and profit sharing plans (but not the plan participants or government pension plans) (18).

**Which custodians does Pinnacle Wealth Advisors use?**
Pinnacle Wealth Advisors' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and SEI Investments Distribution Co. as custodians holding 10% or more of its separately managed account assets.

**Does Pinnacle Wealth Advisors report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/117517

**What changed in Pinnacle Wealth Advisors' recent Form ADV filings?**
In the August 2026 filing data: Added an office in Fort Worth, TX.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Minimum annual fee: None

> We do not impose any minimum account size or fee minimums of any kind to open or maintain an advisory relationship with our firm.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- SEI Investments Distribution Co.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $549,709,723
- Discretionary: $513,476,194
- Non-discretionary: $36,233,529

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 736 | $273,084,244 |
| High net worth individuals | 74 | $200,618,543 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 18 | $73,985,326 |
| Charitable organizations | 3 | $2,021,610 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Pension consulting services
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2019 (7 years)
- Employees: 21 total, 14 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, ID, NE, OR, TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the August 2026 filing
- Bend, OR
- Fort Worth, TX
- Portland, OR
- St. Petersburg, FL

### Websites listed on Form ADV (Item 1.I)
- thinkpinnacle.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $161,348,336 | 6 | March 17, 2021 |
| October 2022 | $183,407,455 | 4 | March 31, 2022 |
| October 2023 | $180,335,359 | 5 | August 2, 2023 |
| October 2024 | $202,077,603 | 7 | April 8, 2024 |
| October 2025 | $461,414,534 | 14 | April 17, 2025 |
| October 2026 | $549,709,723 | 21 | July 16, 2026 |

Regulatory assets under management: $161,348,336 in the October 2021 data and $549,709,723 in the October 2026 data, up 241%.
Total employees: 6 in October 2021 and 21 in October 2026.

## Changes in the filing (last 12 months)

### August 2026
- Added an office in Fort Worth, TX.

### July 2026
- Added an office in Bend, OR.
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Employees performing advisory functions went from 9 to 14.
- Regulatory assets under management went from $461,414,534 to $549,709,723 (+19%).

### January 2026
- Item 11 disclosure answers changed: 0 yes answers, previously 3 (now no: 11.D(2), 11.D(3), 11.D(4)).
- No longer registered or notice-filed in AZ.

### December 2025
- Reported a succession: took over the business of Pinnacle Wealth Advisors (CRD 117517) on September 29, 2025.
- Changed its legal name from Pinnacle Wealth Advisors, Inc. to Pinnacle Wealth Advisors, LLC.

### November 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Pinnacle Wealth Advisors (CRD 117517): Form ADV filing data as of October 2026.