A novel, simple, inexpensive and universal device and method for manipulating a magnetic object with at least a portion thereof having one of a substantially prismatic cavity and a substantially prismatic shape, each with side surfaces and an end surface such as a fastener, bolt, nut, plug, screw, and the like is disclosed. One embodiment of the device includes a head assembly having a magnetic field. The head assembly includes a body and a magnetic pole piece. The body serves to support the magnetic pole piece and the magnetic pole piece is configured to contact no more than two side surfaces of the magnetic object. The magnetic pole piece is also constructed and arranged to concentrate and shape the magnetic field into the magnetic object. The head assembly is further configured to be spatially open opposite from the magnetic pole piece so as to receive and contact the magnetic object.