Alta Capital Management LLC (Salt Lake City)

Name: Alta Capital Management LLC
Address: 6440 South Wasatch Blvd, Salt Lake City, UT, 84121
Telephone: 801-274-6010

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.