‘Get ready for more growth’ Pinnacle boss targets acquisitions Tom Richardson Pinnacle Investments founder Ian Macoun isn’t settling for a record-breaking year for the Sydney-based group and wants an acquisition to propel it into the big league of listed ASX businesses. On Wednesday the investment group unveiled a record full-year net profit after tax up 108 per cent to $67 million, with its affiliates’ funds under management (FUM) up 52 per cent to $89.4 billion. In response to the result, the shares jumped 8.4 per cent to a record high $14.78, as Pinnacle eyes a possible entry into the elite S&P/ASX 100 index. Ian Macoun’s Pinnacle has delivered a five-year compound net profit growth rate of 63pc.