Pinnacle Investments LLC

Item 5: Fees and Compensation

All of the program accounts described in this brochure, with the exception of Financial Planning, are
charged a fee on eligible assets for advisory services. Exceptions to the stated minimum opening balances
are considered on a case-by-case basis. Financial Planning can be charged as either a fee, based on
eligible assets, or a flat fee per plan. This is covered in the Financial Planning Agreement.

Fee Schedules for each program are set forth as follows:

        I. AdvisorPro Fee Schedule

Initial Account Opening Balance:

AdvisorPro generally has a minimum account opening balance of $10,000.
AdvisorPro accounts managed by PCM generally have a minimum account opening balance of $100,000.

Advisory Fee Charge

AdvisorPro accounts are charged an advisory fee of 3.00% annualized. This rate may be negotiated based
on IAR, account size, investment complexity, use of PCM as sub-advisor and level of service required.

Billing Methodology

Fees on advisory accounts are payable in advance. Fees will be invoiced at the beginning of each Billing
Period based upon the value (market value or fair market value in the absence of market value) of the
Advisory account(s) at the end of the previous Billing Period or average daily balance of the prior Billing
Period for clients whose Managed Account Program Agreement specifies that calculation. Billing Periods
normally span 3-months but will not be more frequent than monthly in advance, but in no event less
frequently than annually in advance. Client authorizes the account custodian ("Custodian") to pay the fees
directly to Pinnacle Investments. To pay advisory fees, funds will be deducted from the account and if
necessary, by liquidating holdings in the following order: cash positions; money market funds or current
liquid securities positions. Fees are deducted directly from the advisory account(s), but if specified in writing,
may be deducted from a different non-retirement account, including non-advisory accounts. If requested in
writing, fees may also be billed and paid by check if within 10 days of invoice date, otherwise fee will be
deducted from the advisory account. The initial fee payable when an account is opened will be based on
the month-ending account value once the account is considered fully funded. Should this Agreement be
accepted on a date other than the first day of the Bill Period, Client’s asset-management fee will be
calculated on a pro-rata basis for that period.

Additional Fees

The client may be responsible for additional costs including, but not limited to, transaction, postage /
handling, ACAT and custodial fees. For First Clearing custodied accounts there is currently $6.50charged
on each transaction for postage / handling related to the generation of trade confirmations and periodic
account statements. Trades at First Clearing are also charged $20.00 for execution and clearing although
this may be negotiated based on account size, investment complexity and level of service required. The
minimum annual Program fee under this Agreement will be $100.00. Accordingly, Client may pay an
effective rate that is greater than the rate specified. Please refer to the sections below for First Clearing
and Schwab for specific costs related to each custodian.

Pinnacle Investments, LLC                             - 11 -                                     ver.2025.05.30
ADV Part 2A (“Firm Brochure”)

Termination of Account / Fee Refunds

If a client terminates their advisory relationship with Pinnacle Investments in writing before the end of the
billing period, a pro-rated refund of advisory fees will be made to the client less reasonable start-up costs
including transaction costs.

AdvisorPro is available to Pinnacle Investments’ clients for accounts custodied by First Clearing and
Charles Schwab.

First Clearing

As mentioned above, trades executed at First Clearing may be subject to a transaction / clearing charge of
$20 and a postage / handling fee of $6.50. The revenue from these fees is received by the Firm and is not
shared with the IAR. Transaction and clearing charges have been negotiated between First Clearing and
Pinnacle Investments and as a result likely differs from the schedule of another investment advisor firm.
These fees are separate and in addition to Pinnacle Investment’s annual asset management fee.

Brokerage arrangements are further described below in Item 12 Brokerage Practices.

First Clearing pays additional compensation to Pinnacle Investments based on new AUM attributed to the
addition of a new IAR to the platform. This compensation is not shared with any IAR of Pinnacle
Investments. This can create a conflict of interest when new IAR’s clients open accounts with First Clearing
and is mitigated by the new account approval process.

In contrast to Schwab, First Clearing does not offer a No Transaction Fee (NTF) program for mutual funds
or other investments. This difference in fee structure creates a conflict of interest for our Investment Advisor
Representatives (IARs), as they may be incentivized to recommend Schwab over First Clearing due to the
availability of NTF funds at Schwab, or vice versa, depending on the specific transaction costs.

Our firm mitigates this conflict by conducting an annual review of all client accounts to evaluate whether the
selection of Schwab or First Clearing as a custodian is appropriate for each client’s individual situation. We
assess factors such as the client’s overall investment strategy, cost-efficiency, and long-term goals. The
choice of custodian is always based on the best interests of the client and not on any differences in
transaction fee structures.

Solicitation Fees

In some cases, Pinnacle may enter into agreements with third-party solicitors to refer clients to our firm.
These solicitors may receive a fee based on a percentage of the assets under management or other
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Types of Clients

Pinnacle Investments may provide the advisory services described in this brochure to individuals, pension
or profit-sharing plans, trusts, estates or charitable organizations, corporations or other business entities,
governmental entities and educational institutions, as well as banks or thrift institutions.