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Pinnacle Financial Group Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Pinnacle Financial Group is a financial advisor firm located in Western Springs, Illinois with hundreds of millions in assets under management (AUM). Something that stands out about this advisor is that it also offers client education services and a blog that tackles complex financial topics. The firm and its small group of advisors provide financial planning and investment management services to a client base primarily consisting of individual accounts. There are some institutional clients at the firm too, though.

As a fee-only advisory firm, Pinnacle is compensated solely through client-paid fees (either investment management fees based on a percentage of AUM, or an hourly rate charged for financial planning). This is different from a fee-based firm, which may also earn compensation through third-party commissions.

Pinnacle Financial Group Background

Pinnacle Financial Group was founded in 1989. Principals Jim Stork and Dan Fitzgerald combine to own the firm, while Lauren Hunt serves as a wealth advisor and Bailey Reisman serves as an associate wealth advisor. Each of them hold the certified financial planner (CFP) designation, and Stork is also a chartered financial analyst (CFA). Collectively, this group has more than 60 years of experience in the financial services industry.

Pinnacle Financial Group Client Types and Minimum Account Sizes

Pinnacle works primarily with individual clients. About a third of its client base consists of high-net-worth individuals, while the rest don't have a high net worth. A handful of pension and profit-sharing plans, charities and businesses round out the firm's clientele.

Pinnacle's minimum account size is typically $500,000 for all services. However, this can be waived or lowered under certain circumstances at the discretion of the firm.

Services Offered by Pinnacle Financial Group

There are a variety of financial services available to Pinnacle Financial Group's clients. The most prominent among these are discretionary investment management, comprehensive financial planning, retirement planning, Social Security planning and college fund planning. The firm's wealth management service combines investment management and financial planning into one broad offering.

Retirement plan consulting is also available through Pinnacle.

Pinnacle Financial Group Investment Philosophy

Pinnacle uses multiple methods of analysis and strategies when making investment decisions on behalf of clients:

  • Fundamental analysis: This involves doing a deep dive into a company's financial statements, management team and overall financial outlook to determine its intrinsic value.
  • Modern portfolio theory (MPT): MPT focuses on the relationship between risk and return, seeking to either maximize returns for a given risk preference or minimize risk for a given return target.
  • Long- and short-term purchases: Depending on the type of returns you're looking for, the firm may decide to engage in either long- or short-term purchases, or some combination thereof. A long-term purchase will result in a security residing in your portfolio for at least one year; short-term purchases are made with the intention of selling within a year.

While the firm uses the specific practices listed above, it also provides uniquely tailored strategies to all of its clients. If a client is interested in pursuing a particular strategy, the firm will work with that client to stick to that particular approach based on their personal risk tolerance, time horizon, financial objectives and liquidity needs.

Pinnacle Financial Group Fees

Investment management and retirement plan consulting fees come in the form of a percentage of your AUM. Fees are charged on a quarterly basis, in arrears, even though they're shown in annual percentages. They are based on the value of your account on the last business day of the preceding quarter.

Investment Management and Retirement Plan Consulting Fees
Assets Under Management Annual Fee
Up to $1,000,000 1.00%
$1,000,000 to $2,000,000 0.75%
Above $2,000,000 0.50%

Financial planning services at Pinnacle will run you between $100 and $250 per hour. The rate you're given is chosen based on the complexity of your situation and the scope of services needed.

*Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount.
Estimated Investment Management Fees at Pinnacle Financial Group*
Your Assets Pinnacle Financial Group Fee Amount
$500K $5,000
$1MM $10,000
$5MM $32,500
$10MM $57,500

What to Watch Out For

Pinnacle Financial Group does not have any disclosures listed on its Form ADV, which means it has a clean record in the eyes of the SEC.

Opening an Account With Pinnacle Financial Group

If you're interested in opening an account with Pinnacle Financial Group, go online and submit a form on the firm's website. You can also call its team at (708) 246-6262. If you live near Western Springs, feel free to stop by its office.

All information is accurate as of the writing of this article.  

Retirement Planning Tips

  • Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
  • If you’re planning your sources of retirement income, don't forget to take Social Security into account. It won't be enough to provide for all of your retirement income needs, but it can play a significant role. If you're unsure of what you’re in line to receive from Uncle Sam, check out our Social Security calculator.

How Long $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We weighed potential expenditures for a prospective retiree with a  $1 million nest egg to assess how many years that fund would cover in retirement in America’s largest cities.

We applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in metro areas across the U.S.

We assumed the $1 million would grow at a net annual return of 2% after inflation. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.