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 Management, LLC
Latest filing Feb 6, 2026
First filing on the tape Jul 1, 2021 · 12 filings
SEC status approved since Jul 30, 2021
RAUM
$211M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$211M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
5
3 advisory (5.B.1)
Offices
4
beyond the principal office
Private funds
0
reported on Schedule D
History
12 filings and snapshots on the tape
RAUM$211M as of Feb 6, 2026
Mar 9, 2022$159M then
HNW client RAUM$100M as of Feb 6, 2026
Mar 9, 2022$53.2M then
State-registered IARs (5.B.3)3 as of Feb 6, 2026
Mar 9, 20222 then
Employees (5.A)5 as of Feb 6, 2026
Mar 9, 20224 then
Private funds: no history
RAUM +16% over the last fiscal year+14% a year over threeIARs 3 to 3offices 3 to 4
Practice profile
derived from the filing of Feb 6, 2026; every figure names its basis
- RAUM per advisor
- $70.4MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 153derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.6MderivedHNW RAUM over HNW clients
- Average account
- $275,197derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.7derivedItem 5.A over advisors
- Advisors per office
- 0.6derived5 offices incl. principal (1.F.5)
- RAUM growth, one year
- +16%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +0.2%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, selection of other advisersreportedItem 5.G
- Custody
- $79.5M, 206 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- 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)
- has custody of client cash or bank accounts (9.A.1.a)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Individuals$111M52%
- High-net-worth individuals$100M48%
- Individual clients
- 396reported
- HNW clients
- 62reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 767reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $79.5M for 206 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=true related_bank=false bd_reps=2.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
3 left, 0 joined in 12 months
net -3 in 12 months3 left in 90 days0 joined in 90 days3 left over 36 months
Left, latest
- Chase Kenyon Lederer to Cwm, LLCSep 9, 2026 · RIA to affiliated broker-dealer or bank
- Kenyon Lloyd Lederer to Cwm, LLCSep 9, 2026 · RIA to affiliated broker-dealer or bank
- Jack Richard Zboralske to Cwm, LLCSep 9, 2026 · RIA to affiliated broker-dealer or bank
Joined, latest
- Kenyon Lloyd Lederer from Pinnacle Asset Management, Inc.Sep 23, 2021 · RIA to RIA
- Jack Richard Zboralske from Pinnacle Asset Management, Inc.Sep 23, 2021 · RIA to RIA
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Lloyd Kenyon Lederer · President, Chief Investment Officer & Chief Compliance Officercontrolsince 07/2021 · owns less than 5%
- Lloyd Kenyon Lederer · Managing Member, Chief Investment Officercontrolsince 07/2021 · owns 75% or more of Pinnacle Asset Management, Inc.
- Richard Jack Zboralske · Managing Membercontrolsince 07/2021 · owns 75% or more of Zboralske Investment Management, Inc.
Entity owners
- Pinnacle Asset Management, Inc. · Ownerdirect · owns 50% to 75%
- Zboralske Investment Management, Inc. · Ownerdirect · owns 50% to 75%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Carmichael, Ca | 0 | 0 | 1 | 1 | |
| Driggs, Id | 0 | 0 | 1 | ||
| Roseville, Ca · principal | 0 | 0 | 1 |
Offices
Schedule D 1.F, the 25 largest
- , 1 employees
What changed
consecutive filings, newest first
- Accounts · 728 to 767Feb 20, 2025 to Feb 6, 2026
- HNW clients · 48 to 62Feb 20, 2025 to Feb 6, 2026
- Individual clients · 409 to 396Feb 20, 2025 to Feb 6, 2026
- Assets in custody · $65.8M to $79.5MFeb 20, 2025 to Feb 6, 2026
- Employees · 4 to 5Feb 20, 2025 to Feb 6, 2026
- Other offices · 3 to 4Feb 20, 2025 to Feb 6, 2026
- Discretionary RAUM · $182M to $211MFeb 20, 2025 to Feb 6, 2026
- HNW RAUM · $69.4M to $100MFeb 20, 2025 to Feb 6, 2026
- Individual RAUM · $112M to $111MFeb 20, 2025 to Feb 6, 2026
- RAUM · $182M to $211MFeb 20, 2025 to Feb 6, 2026
- Financial planning clients · 0 to 0Jan 24, 2025 to Feb 20, 2025
- Accounts · 708 to 728Mar 28, 2024 to Jan 24, 2025
- Advisory employees · 2 to 3Mar 28, 2024 to Jan 24, 2025
- HNW clients · 47 to 48Mar 28, 2024 to Jan 24, 2025
- Individual clients · 403 to 409Mar 28, 2024 to Jan 24, 2025
- Assets in custody · $59.8M to $65.8MMar 28, 2024 to Jan 24, 2025
- State-registered IARs · 2 to 3Mar 28, 2024 to Jan 24, 2025
- Other offices · 1 to 3Mar 28, 2024 to Jan 24, 2025
- Discretionary RAUM · $159M to $182MMar 28, 2024 to Jan 24, 2025
- HNW RAUM · $62.6M to $69.4MMar 28, 2024 to Jan 24, 2025
- Individual RAUM · $96.4M to $112MMar 28, 2024 to Jan 24, 2025
- RAUM · $159M to $182MMar 28, 2024 to Jan 24, 2025
- Accounts · 714 to 708Feb 14, 2023 to Mar 5, 2024
- HNW clients · 46 to 47Feb 14, 2023 to Mar 5, 2024
- Individual clients · 410 to 403Feb 14, 2023 to Mar 5, 2024
- Assets in custody · $56.1M to $59.8MFeb 14, 2023 to Mar 5, 2024
- Other offices · 0 to 1Feb 14, 2023 to Mar 5, 2024
- Discretionary RAUM · $142M to $159MFeb 14, 2023 to Mar 5, 2024
- HNW RAUM · $54.9M to $62.6MFeb 14, 2023 to Mar 5, 2024
- Individual RAUM · $86.9M to $96.4MFeb 14, 2023 to Mar 5, 2024
- RAUM · $142M to $159MFeb 14, 2023 to Mar 5, 2024
- Related broker-dealer · false to trueFeb 14, 2023 to Mar 5, 2024
- Accounts · 700 to 714Mar 10, 2022 to Feb 14, 2023
- HNW clients · 44 to 46Mar 10, 2022 to Feb 14, 2023
- Individual clients · 408 to 410Mar 10, 2022 to Feb 14, 2023
- Assets in custody · $69.9M to $56.1MMar 10, 2022 to Feb 14, 2023
- Discretionary RAUM · $159M to $142MMar 10, 2022 to Feb 14, 2023
- HNW RAUM · $53.2M to $54.9MMar 10, 2022 to Feb 14, 2023
- Individual RAUM · $106M to $86.9MMar 10, 2022 to Feb 14, 2023
- Pension RAUM · 253433.0 to unsetMar 10, 2022 to Feb 14, 2023
Signals
6 dated events
- Kenyon Lloyd Lederer left Pinnacle Wealth Management, Llc for Cwm, Llc (registered 2026-07-01)Sep 9, 2026 · Advisor changed firm · fact
- Chase Kenyon Lederer left Pinnacle Wealth Management, Llc for Cwm, Llc (registered 2026-07-01)Sep 9, 2026 · Advisor changed firm · fact
- Jack Richard Zboralske left Pinnacle Wealth Management, Llc for Cwm, Llc (registered 2026-07-01)Sep 9, 2026 · Advisor changed firm · fact
- 2 advisors left Pinnacle Wealth Management, LLC (Carmichael, CA) for Cwm, LLC on the same daySep 9, 2026 · Team lift-out · derived
- Pinnacle Wealth Management, Llc reported succeeding to the business of Another Adviser (Form ADV Item 4)Jul 1, 2021 · Succession (Item 4) · fact
- Pinnacle Wealth Management, Llc filed its initial SEC registration (Form ADV)Jul 1, 2021 · 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
- Principal office phone
- 916-772-0807reportedpublic record, Form ADV, Mar 28, 2024
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
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026