Pinnacle Investment Management Group Ltd
PNI: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$71.50 | Gmsfcc | Lvfyjykt |
Pinnacle Seeing Strong Earnings Prospects, but Shares Hot to Hold
Business Strategy and Outlook
Pinnacle Investment Management provides seed and working capital, marketing and distribution services, business support and responsible entity services to a network of boutique managers--which it terms as "affiliates." Apart from charging fees for its services, Pinnacle also earns a share of profits from its affiliates via holding equity interests in them. As at June 2021, Pinnacle has 16 affiliates under its network with AUD 89 billion in FUM.