Pinnacle Ventures, L.L.C. (Palo Alto)

Name: Pinnacle Ventures, L.L.C.
Address: 480 S. California Avenue, Palo Alto, CA, 94306
Telephone: 650-926-7800

Pinnacle Ventures, L.L.C. is a large advisory firm based in Palo Alto. It manages $168.37 million of regulatory assets for 18 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of California.

Pinnacle Ventures, L.L.C provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Pinnacle Ventures, L.L.C: assets under management

The assets under management (AUM) of Pinnacle Ventures, L.L.C. is $168.37 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -68% since the beginning of its operation, and $2.13 million of the total AUM is attributable to clients outside of the United States.

The firm manages $168.37 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $9.35 million each.

Pinnacle Ventures, L.L.C has custody of $105.55 million in cash and securities for 18 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Pinnacle Ventures, L.L.C. for their services and products based on a percentage of assets under management. 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 Pinnacle Ventures, L.L.C serves?

The only and largest group of clients of Pinnacle Ventures, L.L.C is pooled investment vehicles with 18 clients and $168.37 million of assets under management. Among the 7 most similar advisory firms, Pinnacle Ventures, L.L.C has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $168.37 million for 18 clients. 6% of the firm’s clients are foreign persons or businesses.

Pinnacle Ventures, L.L.C also advises several private funds. Namely, eighteen venture capital funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $1,000,000.

Careers at Pinnacle Ventures, L.L.C.

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No 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
Kenneth Robert Pelowski	Manager	1 Jul 2001	50% - 75%	6028804
Patrick Christopher Lee	Member	1 Jun 2005	Other	2164046
Robert Neil Savoie	Manager, chief operating officer, chief compliance officer	1 Aug 2006	Other	2882943
Donal D Delaney	Member, chief financial officer	1 Jan 2008	Other	6028805
David Joonrae Kim	Member	1 Dec 2008	Other	4314280

Based in Palo Alto

The principal office where Pinnacle Ventures, L.L.C. performs its advisory services is located at 480 S. California Avenue, Palo Alto, CA 94306, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 650-926-7800 or by fax 650-926-7801. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at pinnacleventures.com.