Alta Capital Management LLC (Salt Lake City)


Alta Capital Management LLC is a large advisory firm based in Salt Lake City. It manages $1.7 billion of regulatory assets for 2,591 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Alta Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Alta Capital Management: assets under management

The assets under management (AUM) of Alta Capital Management LLC is $1.7 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 711% since the beginning of its operation, and $17.11 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.7 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $657.37 thousand each.
Alta Capital Management has custody of $174.9 million in cash and securities for 191 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 87% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 8% of the firm’s portfolio. Investments in state and local bonds form 3% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Alta Capital Management LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Alta Capital Management serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Alta Capital Management is individuals with 2,192 clients and $516.61 million of assets under management. Among the 8 most similar advisory firms, Alta Capital Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.67 billion for 2,578 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Alta Capital Management doesn't advise any private funds.

Careers at Alta Capital Management LLC

The company employs 19 people that are either part- or full-time employees. 68 percent of the employees work as investment advisers or researchers. 9 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
David Wagstaff Managing member 1 Jun 1984 25% - 50% 2209286
Taft Edward Price Managing member 1 Sep 1995 25% - 50% 2258995
Michael Ottosen Tempest Managing member 1 Mar 1996 25% - 50% 1732785
Llc Advanced Strategic Planning Managing member 1 Mar 1999 25% - 50% 87-0573625
Eric Stephan Barlow Chief compliance officer 1 Oct 2004 50% - 75% 2243431
Michael Tempest Chief compliance officer 1 Oct 2004 Other 2243431
Eric Barlow Chief compliance officer 1 Oct 2004 Other 2243431
Haley Hammond Chief compliance officer 1 Oct 2004 Other 2243431
Black Rock Asset Management Member 1 May 2006 Other 20-4846735
Llc Huch Enterprises Member 1 May 2006 Other 20-4816842
Andrew Harvin Schaffernoth Member 1 May 2006 Other xxx-xx-xxxx
Haley M Hammond Chief compliance officer 1 May 2006 Other 4764756
5 Lands Member 1 May 2006 Other 47-3714527
Matthew Stephenson Member 1 May 2006 Other xxx-xx-xxxx
Andrew Schaffernoth Member 1 May 2006 Other xxx-xx-xxxx
Matthew Aaron Stephenson Member 1 May 2006 Other xxx-xx-xxxx
Rheesco Member 1 Jan 2008 Other xxx-xx-xxxx
Grand Teton Llc Managing member 1 Jan 2009 50% - 75% 20-8205467
Djw Enterprises Member 1 Apr 2009 Other 20-5670239
Cd Nelsen Enterprises Member 1 Dec 2012 Other 27-0749971
Nelsen Ventures Member 1 Dec 2012 Other 27-0749971
Big Tree Tall Mountain Capital Member 1 Apr 2015 Other 47-3628714
5 Lands Member 1 Apr 2015 Other 47-3714527
Nelsen Ventures Member 1 Apr 2015 Other 27-0749971
Guardian Capital Llc Member 1 Jan 2018 50% - 75% 61-1791248
George Mavroudis Manager 1 Jan 2018 Other 4853652
Michael Ottosen Tempest Manager 1 Jan 2018 Other 1732785

Indirect Owners

The SEC currently registers 20 indirect owners.

Name Entity Date acquired Ownership Employer ID
Minic Investments Limited Shareholder 1 Jan 2004 25% - 50% foreign entity
The Christodoulou 2004 Family Trust Shareholder 1 Jan 2004 75% - 100% foreign entity
Cidel Trust Company Trustee 1 Jan 2004 Other foreign entity
Kurt Harold Brown Principal 1 May 2006 Other 3225031
Melanie Judith Peche Principal 1 May 2006 Other 2701531
Melanie Hucherard Peche Principal 1 May 2006 Other 2701531
The Melanie Hucherard Family Trust Member 1 Jun 2006 75% - 100% xxx-xx-xxxx
Nathan Ellis Rhees Principal 1 Jan 2008 Other 4085346
Michael Ottosen Tempest Principal 1 Jan 2009 50% - 75% 1732785
Deborah Bauer Tempest Member 1 Jan 2009 50% - 75% 6898453
David James Wagstaff Principal 1 Apr 2009 25% - 50% xxx-xx-xxxx
Casey D Nelsen Principal 1 Dec 2012 Other 4990197
David James Wagstaff Principal (deceased) 1 Jan 2015 25% - 50% xxx-xx-xxxx
Tyler A Partridge Principal 1 Apr 2015 Other xxx-xx-xxxx
Andrew Harvin Schaffernoth Member 1 Apr 2015 50% - 75% 4275015
Cd Nelsen Enterprises Member 1 Apr 2015 75% - 100% 27-0749971
Nelsen Chatfield Libbey Member 1 Apr 2015 50% - 75% 6898443
Irina Samantha Libon Member 1 Apr 2015 25% - 50% 6898446
Guardian Capital Lp Partner 1 Jan 2018 75% - 100% 105078
Guardian Capital Group Limited Direct owner 1 Jan 2018 75% - 100% foreign entity

Based in Salt Lake City

The principal office where Alta Capital Management LLC performs its advisory services is located at 6440 South Wasatch Blvd, Salt Lake City, UT 84121, which is also the mailing address of the firm. An additional office of the firm is in Portsmouth, NH. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 801-274-6010 or by fax 801-274-8061. The normal business hours are 7:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at altacapital.com.