Description of Firm Pinnacle Wealth Management Partners, Inc. is a registered investment adviser primarily based in Brighton, Michigan. We are organized as a corporation under the laws of the State of Michigan. We have been providing investment advisory services since 2013. We are primarily owned by Andrew Perri.
As used in this brochure, the words "we", "our" and "us" refer to Pinnacle Wealth Management Partners, Inc. and the words "you", "your" and "client" refer to you as a client or prospective client of our firm. Also, you may see the term Associated Person in this brochure. Our Associated Persons are our firm's officers, employees, and all individuals providing investment advice on behalf of our firm.
We offer portfolio management services through a wrap-fee program ("Program") as described in this wrap fee program brochure to prospective and existing clients. We are the sponsor and investment adviser for the Program. A wrap-fee program is a type of investment program that provides clients with asset management and brokerage services for one all-inclusive fee. If you participate in our wrap fee program, you will pay our firm a single fee, which includes money management fees, certain transaction costs, and custodial and administrative costs. You are not charged separate fees for the respective components of the total services. We receive a portion of the wrap fee for our services. The overall cost you will incur if you participate in our wrap fee program may be higher or lower than you might incur by separately purchasing the types of securities available in the Program. Transactions for your account must be executed by FOLIOfn Investments, Inc, (aka "FOLIOfn Institutional®"), Fidelity Investments ("Fidelity"), Charles Schwab & Co., Inc., and SEI Investments, securities broker-dealers and members of the Financial Industry Regulatory Authority ("FINRA") and the Securities Investor Protection Corporation ("SIPC") or E*Trade Advisor Services. FOLIOfn Institutional® may also use Kingdom Trust Company to hold non-traded investments. Prior to becoming a client under the Program, you will be required to enter into a separate written agreement with us that sets forth the terms and conditions of the engagement and describes the scope of the services to be provided, and the fees to be paid.
Client Investment Process We provide discretionary and non-discretionary portfolio management services in accordance with your individual investment objectives. If you participate in our discretionary portfolio management services, we require you to grant our firm discretionary authority to manage your account. Subject to a grant of discretionary authorization, we have the authority and responsibility to formulate investment strategies on your behalf. Discretionary authorization will allow us to determine the specific securities, and the amount of securities, to be purchased or sold for your account without obtaining your approval prior to each transaction. We will also have discretion over the broker or dealer to be used for securities transactions, and over the commission rates to be paid. Discretionary authority is typically granted by the investment management agreement you sign with our firm and/or through trading authorization forms. You may limit our discretionary authority (for example, limiting the types of securities that can be purchased for your account) by providing our firm with your restrictions and guidelines in writing.
4 Portfolio Management Services On an annualized basis, our Program fees are as follows: Assets Under Management Annual Fee First $500,000 2.00% $ 500,001 to $1,000,000 1.60% $1,000,001 to $2,000,000 1.20% Over $2,000,000 1.00% Depending on the arrangements made at the inception of the engagement and the custodian used, we may either bill our annual portfolio management fee quarterly in advance or monthly in arrears. In most cases the fee is based on the value of your account on the last business day of the previous quarter or the last day of the billing cycle. However, depending on the sub-adviser used, the fee may alternatively be determined based on the average daily balance during the billing period. 401(k) Plans are billed monthly in advance.
401(k) accounts (only) at Folio are billed monthly in advance. For the initial quarter of portfolio management services, the first quarter's fees will be calculated on a pro rata basis, which means the advisory fee is payable in proportion to the number of days in the quarter for which you are a client.
You may withdraw account assets on notice to our firm, and subject to the usual and customary securities settlement procedures. However, we design our portfolios as long-term investments and asset withdrawals may impair the achievement of your specific investment objectives.
We will deduct our fee directly from your account through the qualified custodian holding your funds and securities. We will deduct our advisory fee only when the following requirements are met:
•You provide our firm with written authorization permitting the fees to be paid directly from your account held by the qualified custodian.

•We send you an invoice showing the amount of the fee, the value of the assets on which the fee is based, and the specific manner in which the fee was calculated.

•The qualified custodian agrees to send you a statement, at least quarterly, indicating all amounts dispersed from your account including the amount of the advisory fee paid directly to our firm.
We encourage you to reconcile our invoices with the statement(s) you receive from the qualified custodian. If you

find any inconsistent information between our invoice and the statement(s) you receive from the qualified custodian call our main office number located on the cover page of this brochure.
If you receive an invoice and/or billing statement from our firm, we encourage you to reconcile our invoices with the statement(s) you receive from the qualified custodian. If you find any inconsistent information, please call our main office number located on the cover page of this brochure.
Termination of Advisory Relationship You may terminate the wrap fee program agreement upon 30-days' written notice to our firm. You will incur a pro rata charge for services rendered prior to the termination of the wrap fee program agreement, which means you will incur advisory fees only in proportion to the number of days in the quarter for which you are a client. If you have pre-paid advisory fees that we have not yet earned, you will receive a prorated refund of those fees.
5 Upon termination of accounts held at FOLIOfn Investments, Inc, or at one of the custodians used by FOLIOfn Institutional®, as the case may be, they will deliver securities and funds held in the account per your instructions unless you request that the account be liquidated. After the wrap fee program agreement has been terminated, transactions are processed at the prevailing brokerage rates/fees. You become responsible for monitoring your own assets and our firm has no further obligation to act upon or to provide advice with respect to those assets.
Wrap Fee Program Disclosures
•The benefits under a wrap fee program depend, in part, upon the size of the account, the management fee charged, and the number of transactions likely to be generated in the account.
For example, a wrap fee program may not be suitable for accounts with little trading activity. In order to evaluate whether a wrap fee program is suitable for you, you should compare the program fee and any other costs of the program with the amounts that would be charged by other advisers, broker-dealers, and custodians, for advisory fees, brokerage and other execution costs, and custodial services comparable to those provided under the program.
•In considering the investment programs described in this brochure, you should be aware that participating in a wrap fee program may cost more or less than the cost of purchasing advisory, brokerage, and custodial services separately from other advisers or broker-dealers.
•Our firm and Associated Persons receive compensation as a result of your participation in the program. This compensation may be more than the amount our firm or the Associated Persons would receive if you paid separately for investment advice, brokerage, and other services. Accordingly, a conflict of interest exists because our firm and our Associated Persons have a financial incentive to recommend the program.
•Similar advisory services may be available from other registered investment advisers for lower fees. Additional Fees And Expenses The Program Fee includes the costs of brokerage commissions for transactions executed through the Qualified Custodian (or a broker-dealer designated by the Qualified Custodian), and charges relating to the settlement, clearance, or custody of securities in the Account. The Program Fee does not include mark-ups and mark-downs, dealer spreads or other costs associated with the purchase or sale of securities, interest, taxes, or other costs, such as national securities exchange fees, charges for transactions not executed through the Qualified Custodian, costs associated with exchanging currencies, wire transfer fees, or other fees required by law or imposed by third parties. The Account will be responsible for these additional fees and expenses. Kingdom Trust Company and E*Trade Advisor charge custodotial fees for non-traded alternative investments.
The wrap program fees that you pay to our firm for portfolio management services are separate and distinct from the fees and expenses charged by mutual funds or exchange traded funds (described in each fund's prospectus) to their shareholders. These fees will generally include a management fee and other fund expenses. To fully understand the total cost you will incur, you should review all the fees charged by mutual funds, exchange traded funds, our firm, and others.
Brokerage Practices If you participate in the Program, you will be required to establish an account with FOLIOfn Institutional®, Fidelity Investments, Charles Schwab & Co., Inc., or SEI Investments, securities broker-dealers and members of the Financial Industry Regulatory Authority ("FINRA") and the Securities Investor Protection Corporation ("SIPC") or E*Trade Advisor Services. FOLIOfn Institutional® may use one or more custodians including, but not ncessarily limited to Kingdom Trust.
6 If you do not direct our firm to execute transactions throughone or more of the above we reserve the right to not accept your account. Not all advisers require their clients to direct brokerage. Since you are required to use one of the above we may be unable to achieve the most favorable execution of your transactions. We believe that the above broker-dealers provide quality execution services based on several factors, including, but not limited to, the ability to provide professional services, reputation, experience and financial stability.
Research and Other Soft Dollar Benefits We do not have any soft dollar arrangements.
Brokerage for Client Referrals We do not receive client referrals from broker-dealers in exchange for cash or other compensation, such as brokerage services or research.