Altavista Wealth Management, Inc. (Asheville)

Name: Altavista Wealth Management, Inc.
Address: 4 Vanderbilt Park Drive, Suite 310, Asheville, NC, 28803
Telephone: 828-684-2600

Altavista Wealth Management, Inc. is a large advisory firm based in Asheville. It manages $487.86 million of regulatory assets for 926 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Georgia, Louisiana, North Carolina, and 3 other states.

Altavista Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, and advice on matters not involving securities, family office services. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Altavista Wealth Management: assets under management

The assets under management (AUM) of Altavista Wealth Management, Inc. is $487.86 million. The firm's AUM has grown by 301% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $469.48 million in discretionary accounts and $18.38 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $537.16 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $353.37 thousand.

Altavista Wealth Management has custody of $280.75 million in cash and securities for 145 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 49% of the total AUM. The second-largest asset type is investment and business development companies, which make up 36% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Altavista Wealth Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Lewis Daniel Akers serves?

The only and largest group of clients of Lewis Daniel Akers is high net worth individuals with 276 clients and $460.07 million of assets under management. Among the 7 most similar advisory firms, Altavista Wealth Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $460.07 million for 276 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.

Altavista Wealth Management doesn't advise any private funds.

Careers at Altavista Wealth Management, Inc.

The company employs 11 people that are either part- or full-time employees. 55 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Lewis Daniel Akers has been acting as President since 1 Apr 2004. Jacquelyn Shelly Friedrich joined the executive team most recently as the Financial Advisor.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Barbara Simpson Orr	Director of client relationships	1 Apr 2003	Other	1500947
Kyle Russell Boyd	Secretary/managing principal	1 Apr 2004	25% - 50%	3070015
Lewis Daniel Akers	President/treasurer/managing principal	1 Apr 2004	25% - 50%	2883544
Christine Barry Nelson	Director of operations and chief compliance officer	1 Apr 2004	Other	5310859
Gregory Norton Jones	Managing director	1 Apr 2004	25% - 50%	2891924
Christine Barry Nelsom	Director of operations	1 Apr 2004	Other	5310859
Barbara Simpson Orr	Director of client relationships	1 Apr 2004	Other	1500947
Kyle Russell Boyd	Secretary/cco	1 Mar 2005	25% - 50%	3070015
Jacquelyn Shelly Friedrich	Financial advisor	1 Mar 2008	Other	4534494

Based in Asheville

The principal office where Altavista Wealth Management, Inc. performs its advisory services is located at 4 Vanderbilt Park Drive, Suite 310, Asheville, NC 28803, which is also the mailing address of the firm. An additional office of the firm is in Charlotte, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 828-684-2600 or by fax 828-684-2680. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at altavistawealth.com and its LinkedIn profile.