Pinnacle Wealth Management Group Inc

5. FEES AND COMPENSATION
FINANCIAL PLANNING
Typically, our financial planning services are included with our portfolio management services.
However, when a client would like financial planning without our investment management
services we will charge either a fixed or hourly fee basis in accordance with the following fee
schedule:
Fixed Fee: The fixed fees range between $2,000 and $5,000. The fixed fee range varies and
depends upon the nature and complexity of each client’s individual circumstances. Each client’s
Financial Planning Agreement shows what the client will be charged to complete the Scope of
Services as defined in the Agreement. The fixed fee rate is negotiable.
Hourly Fee: We assess an hourly rate that ranges from $150 to $300 an hour for financial
planning services with a minimum of two hours per engagement. The exact fee is dependent on
the staff member working on the financial plan. The number of hours will vary depending upon
the complexity of the financial situation and the estimate of hours involved, including
preparation and research. Staff involved areas are specified and estimated in the written
agreement for services. The hourly fee can be negotiated with the client.
All fees for planning services are agreed upon in advance in writing with one-half the fee due
upon engagement and the remaining half due upon delivery of the service or plan. We reserve
the right to refund or waive our financial planning fees for clients who use our portfolio
management. The fees may be paid by check.
Termination of Financial Planning Services
Either party may cancel the financial planning agreement for any reason during the first five (5)
business days from the date of signing the agreement and will receive a refund of 100% of all
fees paid without cost or penalty. After the first five (5) business days, written termination will
result in a pro-rated refund of any prepaid and unearned fees. For fixed fee financial planning
services, a pro-rated refund will be based upon a percentage of work completed. For example, if
25% of a $2,000 fixed fee plan had been completed, the client will receive a $500 refund.
($1,000 or one-half of the $2,000 collected up front.) For hourly financial planning engagements,
the client will receive a pro-rated refund based on the number of hours completed. For example,
if a negotiate hourly fee plan was to $1,050 (One hour for support staff at $150 and three hours
for an investment adviser representative at $300) and the one hour of the support staff service
was completed with none for the IAR, the client will receive a $375 refund. ($525 or one half of
$1,050 collected upfront minus $150 equals $375.) To cancel the agreement, the client must
notify the firm in writing to Pinnacle Wealth Management Group, Inc., 849 Penniman, Suite 201,
Plymouth, MI 48170 and return any materials received to that date.

Pinnacle Wealth Management Group, Inc.        Page 7                        ADV Part 2A –3/26/26

PORTFOLIO MANAGEMENT SERVICES/ASSET MONITORING SERVICE
Fees for accounts are calculated and billed quarterly in advance using the annualized rates below.
                                  Custodian Reported          Management
                                  Value of Account            Fee
                                  $500,000 to $749,999        1.50%
                                  $750,000 to $999,999        1.25%
                                  $1,000,000 to $1,999,999    1.00%
                                  $2,000,000 and $2,999,999   0.90%
                                  $3,000,000 and $3,999,999   0.80%
                                  $4,000,000 and $4,999,999   0.75%
                                  Above $5,000,000            Negotiable

The pro-rated first quarter’s management fee will be calculated on the account’s average account
balance for the period as reported by the account’s custodian. Thereafter, the management fee
will be calculated on the account’s previous quarter-end value adjusted for weighted cash flows
(monies added or withdrawn for the account), as reported by the account’s custodian. The fees
are negotiable.
For portfolio management service clients, the fee will be directly deducted from the client’s
account (see Item 15 for additional details). For asset monitoring service clients, the client will
be able to choose to have the fee billed directly to the client (payable by check) or have the fee
withdrawn from an account managed by us.
Our fees include brokerage commissions, transaction fees, and other related costs and expenses
that are normally incurred by the client. Clients may incur certain charges imposed by
custodians, brokers, and other third parties such as fees charged by managers, custodial fees,
deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and electronic fund fees,
and other fees and taxes on brokerage accounts and securities transactions. Mutual funds and
exchange traded funds also charge internal management fees and, in some cases, distribution or
service fees, known as a “12b-1” fee, which are disclosed in a fund’s prospectus. Such charges,
fees and commissions are exclusive of and, in addition to, our fee and we do not receive any
portion of these commissions, fees, and costs. For more information about our brokerage
practice please see Item 12.
Termination of Portfolio Management Services
Either party may terminate the Investment Management Agreement for any reason at any time
and, within the first five (5) business days after signing the contract and will receive a 100%
refund of any fees paid without any cost or penalty. Thereafter, written termination will result in
a prorated refund of unearned fees during the termination quarter. For example, if a client
terminates an account 36 days into a 90-day quarter, the client will receive a refund of 60% of
the fees charged at the beginning of the month. (36/90 = 40%: 100% - 40% = 60% refund.) If
...

7. TYPES OF CLIENTS
We offer our services to individuals, high net worth individuals, and corporations or other
business entities. We generally require a minimum account size of $500,000, but we may waive
this at our discretion. We require a minimum of $1,000,000 in assets under management for our
family office services (Platinum Program). This requirement is generally non-negotiable.

Pinnacle Wealth Management Group, Inc.         Page 9                       ADV Part 2A –3/26/26