EXHIBIT 99.1

PROXY                             TEI, INC.
                          5599 SAN FELIPE, SUITE 1212
                              HOUSTON, TEXAS 77056
   
               THIS PROXY IS SOLICITED BY THE BOARD OF DIRECTORS
                  FOR THE TEI SPECIAL MEETING OF SHAREHOLDERS
                         TO BE HELD ON JANUARY __, 1999

          The undersigned shareholder of TEI, Inc. ("TEI") hereby appoints
each of Donald R. Campbell and Lori H. Dyer attorneys and proxies of the
undersigned, with full power of substitution, to vote on behalf of the
undersigned at the Special Meeting of Shareholders of TEI to be held at _______,
on January __, 1999, at 9:00 a.m., central time, and at any adjournments of the
meeting, all of the shares of TEI common stock which the undersigned may be
entitled to vote.
    
     1.  Approval of the merger of TEI with a wholly owned subsidiary of
         Pinnacle Global Group, Inc., the proposed newly created public holding
         company.

          H FOR                  H AGAINST                  H ABSTAIN

     2.  Approval of the issuance of 3,562,500 shares of PGG common stock in the
         combination with Harris Webb & Garrison, Inc., Pinnacle Management &
         Trust Company and Spires Financial, L.P.

          H FOR                  H AGAINST                  H ABSTAIN

                           (CONTINUED ON OTHER SIDE)

                          (CONTINUED FROM OTHER SIDE)

3.  In their discretion, upon other matters as may properly come before the
    meeting: hereby revoking any proxy or proxies regarding such matters
    heretofore given by the undersigned.
   
     THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR EACH PROPOSAL ABOVE AND IF NO
SPECIFICATION IS MADE, THE SHARES WILL BE VOTED FOR APPROVAL OF THE TEI MERGER
AND FOR APPROVAL OF THE SHARE ISSUANCE. THE UNDERSIGNED HEREBY ACKNOWLEDGES
RECEIPT OF THE NOTICE OF SPECIAL MEETING OF TEI SHAREHOLDERS AND THE PROXY
STATEMENT/PROSPECTUS FURNISHED HEREWITH.      Date: _____________________, 199__
                                              __________________________________
                                                    SHAREHOLDER'S SIGNATURE_____
                                              __________________________________
                                                    SHAREHOLDER'S SIGNATURE_____
    
     Signature should agree with name printed hereon. If Stock is held in the
name of more than one person, EACH joint owner should sign. Executors,
administrators, trustees, guardians, and attorneys should indicate the capacity
in which they sign. Attorneys should submit powers of attorney.

                PLEASE SIGN AND RETURN IN THE ENVELOPE ENCLOSED