DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Pinnacle Wealth Advisors

Independent wealth managerClackamas, OregonCRD 117517SEC 801-116763website IAPD

Legal name Pinnacle Wealth Advisors, LLC

Latest filing Jul 16, 2026

First filing on the tape Mar 5, 2012 · 31 filings

SEC status approved since Jun 7, 2019

RAUM

$550M

reported, Item 5.F

Discretionary

93%

of RAUM

Private clients

86%

$474M individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

$34.4M

derived; firm RAUM over IAPD count

Employees

14 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

31 filings and snapshots on the tape

RAUM$550M as of Jul 16, 2026

Mar 29, 2012$36.0M then

HNW client RAUM$201M as of Jul 16, 2026

Mar 26, 2019$39.4M then

State-registered IARs (5.B.3)14 as of Jul 16, 2026

Mar 26, 20194 then

Employees (5.A)21 as of Jul 16, 2026

Mar 26, 20195 then

Private funds: no history

RAUM +19% over the last fiscal year+45% a year over threeIARs 9 to 14offices 3 to 5

Practice profile

derived from the filing of Jul 16, 2026; every figure names its basis

RAUM per advisor: $34.4MderivedRAUM over IAPD advisors; not a book size
Clients per advisor: 51derivedindividual and HNW clients (5.D) over advisors
Average HNW client: $2.7MderivedHNW RAUM over HNW clients
Average account: $185,964derivedRAUM over accounts (5.F.2.f)
Discretionary: 93%derivedof RAUM
Institutional: 14%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 1.3derivedItem 5.A over advisors
Advisors per office: 2.7derived6 offices incl. principal (1.F.5)
RAUM growth, one year: +19%derivedbetween the last two annual amendments
Advisor growth, one year: +56%derivedItem 5.B.3 between annual amendments
Client growth, one year: +2.5%derived
Compensation: percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities: financial planning, portfolio management for individuals, portfolio management for pooled vehicles, pension consulting, selection of other advisersreportedItem 5.G
Ownership: no PE, bank or public-company owner found on Schedule Aderived
Firms absorbed, 24 months: 1derivedhalf or more of a firm's advisors moved here within 14 days
Advisor book size: not public; not estimatedreported

Also answered yes on Form ADV

buys or sells securities as principal to or from clients (8.A.2)
has discretionary authority over which securities are bought or sold (8.C.1)
receives research or other products from a broker-dealer, soft dollars (8.E)
compensates persons for client referrals (8.G.1)
compensates non-employees for client referrals (8.G.2)
a related person has custody of client cash (9.B.1.a)
a related person has custody of client securities (9.B.1.b)

Where the RAUM sits

Form ADV Item 5.D, latest filing

Individuals$273M50%
High-net-worth individuals$201M36%
Pension and profit-sharing plans$74.0M13%
Charitable organizations$2.0M0.4%

Individual clients: 736reported
HNW clients: 74reported
Pension plan clients: 18reported
Charitable clients: 3reported
Accounts: 2,956reported
Financial planning clients: 1-10reported
Wrap fee programs: noreported
Custody of client assets: noreported
Compensation: % of AUM, fixed, hourlyreported
Class basis: private_client_share=0.86 fund_share=0.0 institutional_share=0.14 related_bd=false related_bank=false bd_reps=0.0derived

Advisors registered through the firm

16 on IAPD today, longest tenure first

Name	Branch	Here since	In industry	Prior firms
Brian Andrew Timm	Clackamas, Or	May 7, 2022	15 y	2
Aaron Jacob ChristophersonCertified Financial Planner	Clackamas, Or	May 10, 2022	14 y	2
Randy Earl Gay	Clackamas, Or	May 10, 2022	17 y	4
Shawn Joseph Rae	Clackamas, Or	Feb 26, 2023	15 y	1
Rachael Lynn SchweigerCertified Financial Planner	Clackamas, Or	Feb 7, 2024	11 y	1
Ronald Everett WilkinsonCertified Financial Planner	Portland, Or	Feb 9, 2024	44 y	1
Tyler Joseph Nagel	Clackamas, Or	Dec 3, 2024	29 y	3
Joshua Robert Keith Gay	Clackamas, Or	Oct 9, 2025	14 y	1
Carl William Marker	Clackamas, Or	Oct 28, 2025	38 y	1
Christopher L Magana	Clackamas, Or	Nov 4, 2025	21 y	1
Daniel Allan Belica	Jacksonville, Or	Feb 9, 2026	22 y	7
Steve Foster Haug	Rathdrum, Id	Mar 10, 2026	31 y	2
Douglas Paul Kintzinger	Clackamas, Or	Mar 12, 2026	16 y	1
Doris Irene Schroeder	Clackamas, Or	Jun 11, 2026	17 y	0
Michael Aaron Musco	Clackamas, Or	Jun 15, 2026	13 y	1
William M Nous	Clackamas, Or	Jul 21, 2026	10 y	1

Advisor movement

1 left, 8 joined in 12 months

net +7 in 12 months0 left in 90 days1 joined in 90 daysdeparture rate 6.3% of current headcount1 left over 36 months

Left, latest

Justin Lyle Elsbury to Fisher Investments
May 13, 2026 · RIA to RIA
Jack Donald Monteith to Chinook Capital Management LLC
Dec 10, 2002 · Other

Joined, latest

William M Nous from Merrill Lynch, Pierce, Fenner & Smith Incorporated
Jul 21, 2026 · Wirehouse to independent RIA
Michael Aaron Musco from Equilus Group Inc
Jun 15, 2026 · Other
Douglas Paul Kintzinger from Ims Capital Management
Mar 12, 2026 · RIA to RIA
Steve Foster Haug from Ims Capital Management
Mar 10, 2026 · RIA to RIA
Daniel Allan Belica from Ims Capital Management
Feb 9, 2026 · RIA to RIA
Christopher L Magana from Ims Capital Management
Nov 4, 2025 · RIA to RIA
Carl William Marker from Ims Capital Management
Oct 28, 2025 · RIA to RIA
Joshua Robert Keith Gay from MML Investors Services, LLC
Oct 9, 2025 · Affiliated broker-dealer or bank to independent RIA
Justin Lyle Elsbury from Strategic Advisers LLC
May 9, 2025 · Affiliated broker-dealer or bank to independent RIA
Tyler Joseph Nagel from Harlow Wealth Management, Inc.
Dec 3, 2024 · RIA to RIA
Ronald Everett Wilkinson from Security First Advisors
Feb 9, 2024 · RIA to RIA
Rachael Lynn Schweiger from Security First Advisors
Feb 7, 2024 · RIA to RIA
Shawn Joseph Rae from Morgan Stanley
Feb 26, 2023 · Wirehouse to independent RIA
Randy Earl Gay from Harlow Wealth Management, Inc.
May 10, 2022 · RIA to RIA

Every departure Every arrival

Teams: two or more advisors moving together within fourteen days, from one state

5 joined from Ims Capital Management
Aug 24, 2026 · Portland, Or · Firm absorbed
2 joined from Security First Advisors
Apr 1, 2025 · Portland, Or

Teams out Teams in

Private funds

No private fund reported.

Owners and control persons

Schedule A and B, latest filing

Jacob Aaron Christopherson · President / Ccocontrol
since 09/2019 · owns 75% or more
Earl Randy Gay · Vice Presidentcontrol
since 09/2019 · owns 10% to 25%
Andrew Brian Timm · Principalcontrol
since 10/2023 · owns 10% to 25%

Related persons

Schedule D 7.A

Security First Advisors
investment adviseryRAUM $232M

Advisers that list Pinnacle Wealth Advisors as a related person

117502 y

Office movement

IAPD branch city; joins and departures in 12 months

Office	Advisors	Joined	Left
Clackamas, Or · principal	16	9	0
Fort Worth, Tx	2	1	0
Portland, Or	2	0	0
Camas, Wa	0	0	1

Offices

Schedule D 1.F, the 25 largest

Portland, OR3 employees
St. Petersburg, FL1 employees

ADV anomalies

2 against comparable advisers; where to look, not conclusions

advisor count surgeChange between filings · filing Mar 31, 2026
advisory representatives (Item 5.B.3) moved from 9.0 to 14.0 (+56.0%) between the annual amendments of 2025-04-17 and 2026-03-31; the peer median change was 0.0% (795 comparable advisers, 98.0th percentile of changes)
peers: independent wealth managers, $500M to $1B (795) · 98% percentile
employee count surgeChange between filings · filing Mar 31, 2026
employees (Item 5.A) moved from 14.0 to 21.0 (+50.0%) between the annual amendments of 2025-04-17 and 2026-03-31; the peer median change was 0.0% (596 comparable advisers, 98.0th percentile of changes)
peers: independent wealth managers, $500M to $1B (596) · 98% percentile

How anomalies are measured

What changed

consecutive filings, newest first

Other offices · 4 to 5
Jun 12, 2026 to Jul 16, 2026
Other offices · 3 to 4
Mar 31, 2026 to Jun 12, 2026
Accounts · 2,644 to 2,956
Dec 18, 2025 to Mar 31, 2026
Advisory employees · 9 to 14
Dec 18, 2025 to Mar 31, 2026
Advisory activities · 4 to 5
Dec 18, 2025 to Mar 31, 2026
Charity clients · 5 to 3
Dec 18, 2025 to Mar 31, 2026
HNW clients · 62 to 74
Dec 18, 2025 to Mar 31, 2026
Individual clients · 728 to 736
Dec 18, 2025 to Mar 31, 2026
Pooled vehicle clients · 0 to 1
Dec 18, 2025 to Mar 31, 2026
Employees · 14 to 21
Dec 18, 2025 to Mar 31, 2026
Insurance-licensed employees · 0 to 7
Dec 18, 2025 to Mar 31, 2026
State-registered IARs · 9 to 14
Dec 18, 2025 to Mar 31, 2026
Discretionary RAUM · $405M to $513M
Dec 18, 2025 to Mar 31, 2026
HNW RAUM · $158M to $201M
Dec 18, 2025 to Mar 31, 2026
Individual RAUM · $247M to $273M
Dec 18, 2025 to Mar 31, 2026
Non-discretionary RAUM · $56.7M to $36.2M
Dec 18, 2025 to Mar 31, 2026
Pension RAUM · $53.7M to $74.0M
Dec 18, 2025 to Mar 31, 2026
RAUM · $461M to $550M
Dec 18, 2025 to Mar 31, 2026
Succession · true to false
Oct 16, 2025 to Dec 18, 2025
Legal name · PINNACLE WEALTH ADVISORS, INC. to PINNACLE WEALTH ADVISORS, LLC
Apr 17, 2025 to Oct 16, 2025
Organization form · Corporation to Limited Liability Company
Apr 17, 2025 to Oct 16, 2025
Succession · false to true
Apr 17, 2025 to Oct 16, 2025
Accounts · 464 to 2,644
Jan 9, 2025 to Apr 17, 2025
Advisory employees · 5 to 9
Jan 9, 2025 to Apr 17, 2025
Charity clients · 0 to 5
Jan 9, 2025 to Apr 17, 2025
HNW clients · 75 to 62
Jan 9, 2025 to Apr 17, 2025
Individual clients · 372 to 728
Jan 9, 2025 to Apr 17, 2025
Pension plan clients · 17 to 18
Jan 9, 2025 to Apr 17, 2025
Employees · 7 to 14
Jan 9, 2025 to Apr 17, 2025
Insurance-licensed employees · 3 to 0
Jan 9, 2025 to Apr 17, 2025
Financial planning clients · 11-25 to 1-10
Jan 9, 2025 to Apr 17, 2025
State-registered IARs · 5 to 9
Jan 9, 2025 to Apr 17, 2025
Other offices · 2 to 3
Jan 9, 2025 to Apr 17, 2025
Discretionary RAUM · $156M to $405M
Jan 9, 2025 to Apr 17, 2025
HNW RAUM · $81.5M to $158M
Jan 9, 2025 to Apr 17, 2025
Individual RAUM · $75.0M to $247M
Jan 9, 2025 to Apr 17, 2025
Non-discretionary RAUM · $45.6M to $56.7M
Jan 9, 2025 to Apr 17, 2025
Pension RAUM · $45.6M to $53.7M
Jan 9, 2025 to Apr 17, 2025
RAUM · $202M to $461M
Jan 9, 2025 to Apr 17, 2025
Accounts · 448 to 464
Jan 4, 2024 to Mar 8, 2024

Signals

10 dated events

IMS Capital Management's advisors moved to Pinnacle Wealth Advisors (Portland, OR): 5 of 7 registered, on the same day
Aug 24, 2026 · Firm absorbed (people side) · derived
Justin Lyle Elsbury left Pinnacle Wealth Advisors for Fisher Investments (registered 2026-05-15)
May 13, 2026 · Advisor changed firm · fact
Pinnacle Wealth Advisors reported succeeding to the business of Pinnacle Wealth Advisors (Form ADV Item 4)
Oct 16, 2025 · Succession (Item 4) · fact
Pinnacle Wealth Advisors reported RAUM $461.4M, up 128% from $202.1M (2025-01-09 to 2025-04-17)
Apr 17, 2025 · RAUM change · derived
2 advisors left Security First Advisors (Portland, OR) for Pinnacle Wealth Advisors on the same day
Apr 1, 2025 · Team lift-out · derived
Andrew Brian Timm (Principal) appeared on Schedule A of Pinnacle Wealth Advisors
Jan 4, 2024 · Control person joined · fact
Jacob Aaron Christopherson (President / Cco) appeared on Schedule A of Pinnacle Wealth Advisors
Nov 5, 2019 · Control person joined · fact
Earl Randy Gay (Vice President) appeared on Schedule A of Pinnacle Wealth Advisors
Nov 5, 2019 · Control person joined · fact
Alfred Raymond Birch (President / Chief Compliance Officer) no longer on Schedule A of Pinnacle Wealth Advisors (listed 2019-06-26, absent 2019-11-05)
Nov 5, 2019 · Control person left · inference
Pinnacle Wealth Advisors filed its initial SEC registration (Form ADV)
Apr 25, 2018 · First SEC registration · fact

Across DFX

shared identifiers only, never a name match

No identifier-backed link to the venture, private equity, family office or sponsor graphs.

How to reach

public business contact points only, each with its source

Business phone: 503-654-5100reportedpublished by the firm, firm site, Sep 16, 2026
Business phone: 682-757-0079reportedpublished by the firm, firm site, Sep 16, 2026
Business phone: 555-555-5555reportedpublished by the firm, firm site, Sep 16, 2026
Website: THINKPINNACLE.COM.reportedpublic record, Form ADV, Sep 18, 2026
Principal office phone: 503-654-5100reportedpublic record, Form ADV, Jul 16, 2026
Contact form: thinkpinnacle.com/contact-usreportedpublished by the firm, firm site, Sep 16, 2026
Team page: thinkpinnacle.com/who-we-arereportedpublished by the firm, firm site, Sep 16, 2026

Provenance

Form ADV: SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors: IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class: Independent wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor: $34.4Mderivedfirm RAUM over the IAPD count; not a book size
Loaded: Sep 14, 2026