The PINNACLE ASSOCIATES is a privately held investment adviser that advises $7.5Bn in regulatory assets under management held in 1 SEC fund types across 2 investment strategies. PINNACLE ASSOCIATES is a Retail Wealth A retail wealth manager is a manager whose >=75% of total assets under management are managed for individual investors through retail advisory or brokerage channels. Manager. Assets increased by 61.65% over the last 5-years.
The Group has been registered with the SEC for 42.4 years and is comprised of 1 filing and 0 relying advisers. They operate out of 9 office locations with their Headquarters at 286 MADISON AVENUE 20TH FLOOR, NEW YORK, NEW YORK. The Group has not been subject to regulatory enforcement actions. They are regulated by 1 US and Non-US bodies.
They have 69 employees comprised of 33 investment and 36 non-investment staff. The total number of Employees increased by 18.97% over the last 5-years.
Their $7.5Bn in assets advised are owned by 4 private funds, 0 public funds and BDCs and 81 other accounts. Assets of Individuals clients own $1.99Bn or 26.56% of Total Assets and High Net Worth Individuals own $1.91Bn or 25.44% of Total Assets.
The Group's top investment strategies include Long/Short Equity and Multi Strat, representing 87.57% and 12.43% of total assets, respectively.
They advise 5 types of clients, top clients are Individuals and High Net Worth Individuals.
The Group uses 0 Fund Administrators, 1 Fund Auditors, 0 Prime Brokers, 4 Custodians and 0 Marketers. It does not report a third-party Fund Administrator in 4 private funds with $176.13mn in assets.
The Group discloses fixed fees and management fees.
PINNACLE ASSOCIATES names 0 sub-advisers to 0 different funds advised by the group. The Group has been named as the sub-adviser to 0 funds.