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Pinnacle Associates

SEC-registered adviser since 1984New York, NYCRD 110631

$10.4B
AUM
2,325
Clients
See fees
Fee
33
Advisory staff

From Form ADV filed 26 March 2026 · data retrieved 15 October 2026SEC record

Pinnacle Associates is an investment adviser headquartered in New York, New York, and registered with the SEC since 1984. Its clients include other clients, other investment advisers and other individuals. High-net-worth individuals account for 18% of its regulatory assets under management.

Its services include financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and portfolio management for institutions. Fee arrangements include a percentage of assets under management and fixed fees.

Clients

Pinnacle Associates serves 2,325 clients, 438 of them high-net-worth individuals. The average client has about $4.5 million with the firm, and high-net-worth clients hold 18% of its $10.4 billion in assets.

Regulatory assets by client type
  • Individuals1,370 clients19%
  • High-net-worth individuals438 clients18%
  • Pension and profit-sharing plans29 clients3%
  • State or municipal government entities2%
  • Other investment advisers23%
  • OtherCorporations and other businesses, Other, Pooled investment vehicles, Charitable organizations34%
Show client breakdown
Individuals (other than HNW)
Clients
1,370
Regulatory AUM
$1,991,547,920
Share
19.2%
Avg. per client
$1.45M
High-net-worth individuals
Clients
438
Regulatory AUM
$1,907,902,905
Share
18.4%
Avg. per client
$4.36M
Pooled investment vehicles
Clients
4
Regulatory AUM
$185,834,736
Share
1.8%
Avg. per client
$46.5M
Pension and profit-sharing plans
Clients
29
Regulatory AUM
$349,182,730
Share
3.4%
Avg. per client
$12.0M
Charitable organizations
Clients
Not reported
Regulatory AUM
$1,814,871
Share
0.0%
Avg. per client
—
State or municipal government entities
Clients
Not reported
Regulatory AUM
$239,972,475
Share
2.3%
Avg. per client
—
Other investment advisers
Clients
Not reported
Regulatory AUM
$2,338,353,517
Share
22.5%
Avg. per client
—
Corporations and other businesses
Clients
52
Regulatory AUM
$483,781,812
Share
4.7%
Avg. per client
$9.30M
Other
Clients
432
Regulatory AUM
$2,887,631,159
Share
27.8%
Avg. per client
$6.68M

Total

Clients
2,325
Regulatory AUM
$10,386,022,125
Share
100%
Avg. per client
$4.47M

What it does

Pinnacle Associates provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets and fixed fees.

Pinnacle Associates provided financial planning to 101–250 clients last fiscal year and advises 4 private funds.

Nearly all assets ($10.38B across 6,765 accounts) are managed with discretion; $2.11M across 1 account is not. $7.06M sits in a wrap fee program the firm both sponsors and manages. 2% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end
  • Stocks79%
  • Funds1%
  • Bonds15%
    • U.S. government and agency bonds6%
    • Investment grade corporate bonds6%
    • State and local bonds3%
  • Cash5%

Custodians

Pinnacle Associates’ client accounts are held mainly at Charles Schwab, with 61% of managed assets, and FMR, with 20%. Pinnacle Associates has custody of $3.84B for 1,925 clients.

Managed account assets by custodian
  • Charles SchwabCharles Schwab & Co. · San Francisco, CA · $6.30B61%
  • FMRFMR LLC · Boston, MA · $2.07B20%
  • All other custodians$2.02B19%

Ownership and leadership

Who owns the firm
Pinnacle Associates, LTD.· the adviser

  • John Passios

    Control person · since June 1986

    Owns 10% to 25% of Pinnacle Associates, LTD.

  • Kimon Passios

    Control person · since May 1996

    Owns 10% to 25% of Pinnacle Associates, LTD.

  • Susan Root

    since March 1999

    Owns 10% to 25% of Pinnacle Associates, LTD.

  • Andronike L. Passios 2020 Trust

    since March 2023

    Owns 10% to 25% of Pinnacle Associates, LTD.

  • James Ferrare

    Control person · since February 1999

    Owns 5% to 10% of Pinnacle Associates, LTD.

  • The Article IV GST Exempt Marital Trust Ua Thomas Passios Rev TR DTD 11- 21-17

    since July 2021

    Owns 5% to 10% of Pinnacle Associates, LTD.

  • The Article IV GST Exempt Marital

    since July 2021

    Owns 5% to 10% of Pinnacle Associates, LTD.

  • James Ferrare 2024 Dynasty Trust

    since December 2024

    Owns 5% to 10% of Pinnacle Associates, LTD.

  • John Passios Dynasty Trust

    since December 2024

    Owns 5% to 10% of Pinnacle Associates, LTD.

  • Kimon Passios Dynasty Trust

    since December 2024

    Owns 5% to 10% of Pinnacle Associates, LTD.

  • Susan Root Dynasty Trust

    since December 2024

    Owns 5% to 10% of Pinnacle Associates, LTD.

Leadership

  • Scott Brown
    President
  • Donald Dowd
    Vice President
  • James Ferrare
    Executive Vice President
  • Eric Freedgood
    Vice President
  • King Harris
    Senior Vice President
  • Joel Heyman
    Senior Vice President/Director of Operations
  • Peter Marron
    Executive Vice President
  • John Passios
    Executive Vice President
  • Kimon Passios
    Executive Vice President
  • Paul Lagermasini
    Chief Financial Officer
  • Joseph Shea
    Chief Compliance Officer
  • John Bocock
    Senior Portfolio Manager
  • Michael Delfino
    Director of Taft Hartley Services
  • Timothy Piacentini
    Senior Portfolio Manager
  • Harold Stein
    Senior Portfolio Manager
  • Susan Root
    Senior Account Administrator

Staff

  • 69 employees
  • 33 in advisory functions
  • 34 state-registered reps
  • 1 soliciting firm

Reported holdings

Pinnacle Associates’ reported 13F holdings total $9.16B across 967 positions, and the ten largest make up 23.1% of it.

$9.16B
Reported 13F value
967
Positions
23.1%
In the 10 largest
+17.7%
Value vs. prior quarter
Ten largest positions, share of reported value
  1. Johnson & Johnson4.6%
  2. Apple Inc.3.8%
  3. Micron Technology Inc.2.7%
  4. Nvidia Corporation2.1%
  5. Broadcom Inc.1.9%
  6. Microsoft Corp.1.8%
  7. Invesco Qqq TR · Unit Ser 11.6%
  8. State Str SPDR S&P 500 ETF T · TR Unit1.6%
  9. Vanguard Index Fds · Small CP ETF1.5%
  10. Vanguard Index Fds · Total Stk Mkt1.5%

Together, the ten largest are 23.1% of reported value.

The 50 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 3 August 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $9.16B is not its $10.39B in regulatory assets and does not represent any individual client's portfolio.

Fees

Pinnacle Associates is paid through a percentage of assets under management and fixed fees (other than subscription fees).

Pinnacle Associates’ fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Pinnacle Associates has 8 offices, with 9 listed addresses across 4 states.

Listed office addresses by state

New York · 2 listed addresses

  • 286 Madison Avenue, 20th Floor, New YorkHQ
  • 120 White Plains Road, Tarrytown

Other business names

Pinnacle Associates has reported 4 other business names to the SEC.

  • Pinnacle Associates Investments
  • Pinnacle Associates LTD (ny)
  • Pinnacle Associates LTD. Corp.
  • Pinnacle Associates, Inc. (ny)

Registration details

Legal name
Pinnacle Associates, LTD.
Headquarters
286 Madison Avenue, 20th Floor, New York, NY 10017
Phone
212-652-3200
Website
www.pinnacle-associates.com
SEC file
801-20841
Structure
New York corporation
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Pinnacle Associates have?

Pinnacle Associates has 2,325 clients and manages $10.4 billion for them, as of March 2026. They include 1,370 other individuals, 438 high-net-worth individuals and 432 other clients.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 March 2026

What services does Pinnacle Associates offer?

Pinnacle Associates provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles and portfolio management for institutions.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Pinnacle Associates use?

Pinnacle Associates’ separately managed account assets are held at Charles Schwab & Co. (San Francisco, CA), with $6,296,732,920 and FMR LLC (Boston, MA), with $2,065,032,871. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 26 March 2026

How many financial advisors does Pinnacle Associates have?

Pinnacle Associates has 34 investment adviser representatives registered with state securities authorities, out of 69 employees, and 33 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Pinnacle Associates invest in?

At the end of its last fiscal year, Pinnacle Associates’ separately managed accounts held 79% exchange-traded equities, 6% U.S. government and agency bonds, 6% investment grade corporate bonds, 5% cash and equivalents, 3% state and local bonds and 1% pooled vehicles (private funds and similar). It advises 4 private funds.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Pinnacle Associates?

Pinnacle Associates’ direct owners are James Ferrare, John Passios, Kimon Passios, Susan Root, the Article IV GST Exempt Marital Trust Ua Thomas Passios Rev TR DTD 11- 21-17, the Article IV GST Exempt Marital, Andronike L. Passios 2020 Trust, James Ferrare 2024 Dynasty Trust, John Passios Dynasty Trust, Kimon Passios Dynasty Trust and Susan Root Dynasty Trust, each holding 25% or less.

Source: Form ADV Part 1A, Schedules A and B, filed 26 March 2026

How does Pinnacle Associates get paid?

Pinnacle Associates is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 26 March 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 110631.
  3. Form 13F-HR, filed 3 August 2026 for the quarter ended 30 June 2026.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Pinnacle Associates, LTD. and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.