Pinnacle West Asset Management Inc (Casper)

Pinnacle West Asset Management Inc is a large advisory firm based in Casper. It manages $104.14 million of regulatory assets for 208 client accounts. It has been registered with the SEC as an adviser since 2001.

Pinnacle West Asset Management provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. 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 West Asset Management: assets under management

The assets under management (AUM) of Pinnacle West Asset Management Inc is $104.14 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 378% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $104.14 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $500.69 thousand each.

Investments

The firm invests in non-exchange traded securities the most. They account for 56% of the total AUM. The second-largest asset type is exchange traded securities, which make up 24% of the firm’s portfolio. Investments in investment grade corporate bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Pinnacle West Asset Management Inc 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 Tom Creager serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Tom Creager is high net worth individuals with 32 clients and $67.32 million of assets under management. Among the 10 most similar advisory firms, Pinnacle West Asset Management has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $104.14 million for 90 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 West Asset Management doesn't advise any private funds.

Careers at Pinnacle West Asset Management Inc

The company employs 2 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.

Tom Creager has been acting as President since 1 Oct 1991. Roger W. Wesnitzer joined the executive team most recently as the Treasurer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Tom Creager	President/chief compliance officer	1 Oct 1991	50% - 75%	4353051
Roger W. Wesnitzer	Treasurer	1 Oct 1991	25% - 50%	4472812

Based in Casper

The principal office where Pinnacle West Asset Management Inc performs its advisory services is located at 152 N. Durbin Street, Casper, WY 82601 The mailing address of the firm is Po Box 51407, Casper, WY 82605. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 307-235-3300. The normal business hours are 8 am to 5 pm on Monday - Friday.