{"url":"https://nivawealth.com/firms/pinnacle-wealth-advisors-117517","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/117517","regulatoryAum":549709723,"crd":"117517","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"502448","suffix":null,"lastName":"BELICA","firstName":"DANIEL","middleName":"ALLAN"},{"crd":"5289850","suffix":null,"lastName":"CHRISTOPHERSON","firstName":"AARON","middleName":"JACOB"},{"crd":"8054721","suffix":null,"lastName":"Gay","firstName":"Joshua","middleName":"Robert Keith"},{"crd":"5642216","suffix":null,"lastName":"GAY","firstName":"RANDY","middleName":"EARL"},{"crd":"2624111","suffix":null,"lastName":"HAUG","firstName":"STEVE","middleName":"FOSTER"},{"crd":"5852413","suffix":null,"lastName":"KINTZINGER","firstName":"DOUGLAS","middleName":"PAUL"},{"crd":"4905686","suffix":null,"lastName":"MAGANA","firstName":"CHRISTOPHER","middleName":"L"},{"crd":"1886007","suffix":"MR.","lastName":"MARKER","firstName":"CARL","middleName":"WILLIAM"},{"crd":"7834991","suffix":null,"lastName":"Musco","firstName":"Michael","middleName":"Aaron"},{"crd":"2809731","suffix":null,"lastName":"NAGEL","firstName":"TYLER","middleName":"JOSEPH"},{"crd":"8003200","suffix":null,"lastName":"Nous","firstName":"William","middleName":"M"},{"crd":"5954723","suffix":null,"lastName":"RAE","firstName":"SHAWN","middleName":"JOSEPH"},{"crd":"8244672","suffix":null,"lastName":"Schroeder","firstName":"Doris","middleName":"Irene"},{"crd":"6785880","suffix":null,"lastName":"Schweiger","firstName":"Rachael","middleName":"Lynn"},{"crd":"7497662","suffix":null,"lastName":"Timm","firstName":"Brian","middleName":"Andrew"},{"crd":"1050160","suffix":null,"lastName":"WILKINSON","firstName":"RONALD","middleName":"EVERETT"}],"total":16,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-17","regulatoryAum":161348336,"clients":301,"employees":6,"offices":1},{"filedOn":"2022-03-31","regulatoryAum":183407455,"clients":434,"employees":4,"offices":1},{"filedOn":"2023-08-02","regulatoryAum":180335359,"clients":450,"employees":5,"offices":2},{"filedOn":"2024-04-08","regulatoryAum":202077603,"clients":464,"employees":7,"offices":3},{"filedOn":"2025-04-17","regulatoryAum":461414534,"clients":813,"employees":14,"offices":4},{"filedOn":"2026-07-16","regulatoryAum":549709723,"clients":832,"employees":21,"offices":6}],"acquisitions":[{"date":"2026-08-01","datePrecision":"day","name":"Ims Capital Management","crd":"105939","source":"adv_w","dealType":"acquisition","sellerAum":380938794,"sellerAumDate":"2026-03-31","sourceUrl":"https://adviserinfo.sec.gov/firm/summary/105939"}],"secFileNumber":"801-116763","legalName":"Pinnacle Wealth Advisors, LLC","displayName":"Pinnacle Wealth Advisors","slug":"pinnacle-wealth-advisors-117517","website":"https://thinkpinnacle.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Oregon limited liability company","fiscalYearEnd":"December","headquarters":{"street":"9200 Se Sunnybrook Boulevard, Suite 170","city":"Clackamas","state":"OR","stateName":"Oregon","country":"United States","postalCode":"97015"},"tradeNames":["Pinnacle Wealth Advisors"],"registration":{"secApproved":"7 June 2019","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":584818.2555555556,"staff":{"employees":21,"advisory":14,"brokerDealerReps":0,"insuranceAgents":5,"promoters":0},"aum":{"regulatory":549709723,"discretionary":513476194,"discretionaryAccounts":2926,"nonDiscretionary":36233529,"nonDiscretionaryAccounts":30,"wrapProgram":null,"nonUsClientsPct":1,"nonAumClients":5},"clientTypes":[{"label":"Individuals (other than HNW)","clients":736,"regulatoryAum":273084244},{"label":"High-net-worth individuals","clients":74,"regulatoryAum":200618543},{"label":"Pooled investment vehicles","clients":1,"regulatoryAum":0},{"label":"Pension and profit-sharing plans","clients":18,"regulatoryAum":73985326},{"label":"Charitable organizations","clients":3,"regulatoryAum":2021610}],"feePrograms":[{"role":"main","program":"Full Service Program","feeBasis":"whole_balance","fee_tiers":[{"to":100000,"pct":1.6,"from":0},{"to":250000,"pct":1.35,"from":100000},{"to":500000,"pct":1.2,"from":250000},{"to":1000000,"pct":1.15,"from":500000},{"to":2500000,"pct":1,"from":1000000},{"to":4000000,"pct":0.95,"from":2500000},{"to":7000000,"pct":0.9,"from":4000000},{"to":null,"pct":0.85,"from":7000000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1039070","versionId":1039070,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-31","documentName":"PINNACLE WEALTH ADVISORS, LLC - 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FORM ADV 2A FIRM BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T08:40:57.9519+00:00","documents":[{"name":"PINNACLE WEALTH ADVISORS, LLC - FORM ADV 2A FIRM BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1039070","versionId":1039070,"submittedOn":"2026-03-31"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":137959099},{"name":"SEI Investments Distribution Co.","shortName":"SEI Investments Distribution","location":"Oaks, PA","smaAssets":176886695}],"custodyNote":"Pinnacle Wealth Advisors has custody of client assets.","leadership":[{"name":"Aaron Christopherson","title":"President","crd":"5289850"},{"name":"Randy Gay","title":"Vice President","crd":"5642216"},{"name":"Adam Gladstone","title":"Chief Compliance Officer","crd":"5976994"},{"name":"Brian Timm","title":"Principal","crd":"7497662"}],"ownership":[{"label":"Pinnacle Wealth Holdings, Inc.","detail":"Member in the 75% or more ownership band, since September 2025."},{"label":"Ims Holdco Inc.","detail":"Member in the 10% to 25% ownership band, since October 2025."},{"label":"Aaron Christopherson","detail":"Indirect owner: a president, ceo of Pinnacle Wealth Holdings, Inc. in the 50% to 75% band and a control person, since September 2025.","parent":"Pinnacle Wealth Holdings, Inc."},{"label":"Randy Gay","detail":"Indirect owner: a secretary of Pinnacle Wealth Holdings, Inc. in the 25% to 50% band and a control person, since September 2025.","parent":"Pinnacle Wealth Holdings, Inc."},{"label":"Brian Timm","detail":"Indirect owner: treasurer of Pinnacle Wealth Holdings, Inc. and a control person, since September 2025.","parent":"Pinnacle Wealth Holdings, Inc."},{"label":"Carl Marker","detail":"Indirect owner: a shareholder, president of Ims Holdco Inc. in the 75% or more band and a control person, since September 2025.","parent":"Ims Holdco Inc."},{"label":"Christopher Magana","detail":"Indirect owner: shareholder, secretary of Ims Holdco Inc., since September 2025.","parent":"Ims Holdco Inc."}],"filedOffices":{"otherThanPrincipal":5,"privateResidences":1},"listedOfficeAddresses":5,"foreignOffices":[],"officesByState":[{"state":"Florida","offices":1,"addresses":[{"street":"5999 Central Avenue","city":"St. Petersburg"}]},{"state":"Oregon","offices":3,"addresses":[{"street":"9200 Se Sunnybrook Boulevard, Suite 170","city":"Clackamas","headquarters":true},{"street":"12703 SW 67th Avenue","city":"Portland"},{"street":"300 Se Reed Market RD, Suite 255","city":"Bend"}]},{"state":"Texas","offices":1,"addresses":[{"street":"2813 S. Hulen Street","city":"Fort Worth"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"503-654-5100","stateRegisteredReps":14,"otherAdviserReps":7,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["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)"],"financialPlanningClients":"1-10","assetMix":[{"label":"Exchange-traded equity securities","percent":29},{"label":"Non-exchange-traded equity securities","percent":1},{"label":"Derivatives","percent":5},{"label":"Securities issued by registered investment companies or business development companies","percent":35},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":19},{"label":"Cash and cash equivalents","percent":4},{"label":"Other","percent":6,"detail":"Fixed Index Annuities"}],"privateFunds":0},"sources":{"adv1FilingDate":"16 July 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/117517/PDF/117517.pdf","brochureDate":"31 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1039070","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-26","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Pinnacle Wealth Advisors have?","answer":"Pinnacle Wealth Advisors has 832 clients and manages $550 million for them, as of July 2026. They include 736 individual clients, 74 high-net-worth individuals, and 18 pension and profit-sharing plans.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 16 July 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Pinnacle Wealth Advisors offer?","answer":"Pinnacle Wealth Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, pension consulting, and selecting other managers.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Pinnacle Wealth Advisors charge?","answer":"Pinnacle Wealth Advisors charges 0.85%–1.60% a year for its Full Service Program. The whole portfolio is charged at the rate of its band. The fee is billed in advance.","source":"PINNACLE WEALTH ADVISORS, LLC - FORM ADV 2A FIRM BROCHURE, filed 31 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Pinnacle Wealth Advisors use?","answer":"Pinnacle Wealth Advisors’ separately managed account assets are held at SEI Investments Distribution Co. (Oaks, PA), with $177M and Charles Schwab & Co., Inc. (Westlake, TX), with $138M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 16 July 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Pinnacle Wealth Advisors have?","answer":"Pinnacle Wealth Advisors has 14 investment adviser representatives registered with state securities authorities, out of 21 employees, and 14 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 5 employees are licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Pinnacle Wealth Advisors invest in?","answer":"At the end of its last fiscal year, Pinnacle Wealth Advisors’ separately managed accounts held 35% registered funds (mutual funds, ETFs, BDCs), 29% exchange-traded equities, 19% pooled vehicles (private funds and similar), 6% other, 5% derivatives, 4% cash and equivalents and 1% non-exchange-traded equities. The 6% other category is described as: Fixed Index Annuities.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Pinnacle Wealth Advisors?","answer":"Pinnacle Wealth Advisors is owned through holding companies by Aaron Christopherson, Randy Gay and Carl Marker. Its direct owners are Pinnacle Wealth Holdings, Inc. (75% or more) and Ims Holdco Inc. (10% to 25%).","source":"Form ADV Part 1A, Schedules A and B, filed 16 July 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Pinnacle Wealth Advisors get paid?","answer":"Pinnacle Wealth Advisors is paid through a percentage of assets under management, hourly charges 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Pinnacle Wealth Advisors registered with the SEC?","answer":"Yes, Pinnacle Wealth Advisors has been registered with the SEC as an investment adviser since 7 June 2019. Its CRD number is 117517 and its SEC file number is 801-116763.","source":"Form ADV Part 1A, Item 1, filed 16 July 2026; IAPD firm record","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Pinnacle Wealth Advisors?","answer":"Pinnacle Wealth Advisors’ main office is at 9200 Se Sunnybrook Boulevard, Suite 170, Clackamas, OR 97015. Its phone number is 503-654-5100. Its website is thinkpinnacle.com.","source":"Form ADV Part 1A, Item 1.F, filed 16 July 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}