Altamont Capital Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers. Financial planning was provided to 1–10 clients last fiscal year.
Altamont Capital Management reports 163 clients. They include 107 individual clients, 41 high-net-worth individuals, and 15 pension and profit-sharing plans. Of its assets, 86.2% ($355M across 356 accounts) are managed with discretion; $57M across 31 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 66% | 10% |
| High-net-worth individuals | 25% | 67% |
| Pension and profit-sharing plans | 9% | 13% |
| Charitable organizations | Fewer than 5 | 10% |
| Corporations and other businesses | Fewer than 5 | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 107 | $41.3M | 10.0% | $386K |
| High-net-worth individuals | 41 | $277M | 67.1% | $6.74M |
| Pension and profit-sharing plans | 15 | $53.7M | 13.0% | $3.58M |
| Charitable organizations | Fewer than 5 | $40M | 9.7% | — |
| Corporations and other businesses | Fewer than 5 | $800K | 0.2% | — |
| Total | 163 | $412M | 100% | — |
- Clients
- 107
- Regulatory AUM
- $41.3M
- AUM share
- 10.0%
- Avg. per client
- $386K
- Clients
- 41
- Regulatory AUM
- $277M
- AUM share
- 67.1%
- Avg. per client
- $6.74M
- Clients
- 15
- Regulatory AUM
- $53.7M
- AUM share
- 13.0%
- Avg. per client
- $3.58M
- Clients
- Fewer than 5
- Regulatory AUM
- $40M
- AUM share
- 9.7%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $800K
- AUM share
- 0.2%
- Avg. per client
- —
Total
- Clients
- 163
- Regulatory AUM
- $412M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Altamont Capital Management charges 0.60%–1.25% a year for its Advisor Services. The whole portfolio is charged at the rate of its band. The fee is billed in advance or in arrears and is negotiable.
| Asset band | Annual rate |
|---|---|
| $0–$500K | 1.25% |
| $500K–$1M | 1.10% |
| $1M–$3M | 1.00% |
| $3M–$10M | 0.90% |
| $10M and above | 0.60% |
Fee details and sources
Gerald Towson owns 25% to 50% of Altamont Capital Management. The leadership team of Altamont Capital Management includes President Shon Norris. It has 2 employees.
Leadership
Shon NorrisMember / CCO / President- Harvey JenkinsMember
- Daniel MullinixMember
- Gerald TowsonMember
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
Staff
- 2 employees
- 2 in advisory functions
- 2 state-registered reps
- Owns 25% to 50% of Altamont Capital Management, LLC.
Gerald Towson
Control person · since March 2001
- Owns 25% to 50% of Altamont Capital Management, LLC.
Harvey Jenkins
Control person · since March 2001
- Owns 25% to 50% of Altamont Capital Management, LLC.
Shon Norris
Control person · since January 2024
- Owns 25% to 50% of Altamont Capital Management, LLC.
Daniel Mullinix
Control person · since January 2023
Altamont Capital Management’s regulatory assets grew 2.1× from $196M (March 2021) to $412M (January 2026); clients rose from 145 to 163 and employees fell from 3 to 2.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| January 2026 | $412M | 163 | 2 | 3 |
| March 2025 | $342M | 170 | 2 | 3 |
| February 2024 | $272M | 165 | 2 | 3 |
| March 2023 | $242M | 154 | 2 | 1 |
| March 2022 | $235M | 152 | 2 | 1 |
| March 2021 | $196M | 145 | 3 | 1 |
Besides its headquarters, Altamont Capital Management has 2 offices, with 3 listed addresses in North Carolina.
North Carolina · 3 listed addresses
- 100 Coxe Avenue, AshevilleHQ
- 307 N Church Street, Hendersonville
- 89 N Caldwell Street, Brevard
Contact and registration details
- Legal name
- Altamont Capital Management, LLC.
- Headquarters
- 100 Coxe Avenue, Asheville, NC 28801
- Website
- Not reported
- Phone
- 828-236-0610
- SEC file
- 801-107614
- Structure
- North Carolina LLC
- Fiscal year end
- December
Altamont Capital Management uses Charles Schwab ($355M, 87%) and Mid Atlantic Trust ($53.6M, 13%) as custodians for its separately managed accounts. Altamont Capital Management does not have custody of client assets.
- Charles SchwabCharles Schwab · Westlake, TX · $355M87%
- Mid Atlantic TrustMid Atlantic Trust Company · Pittsburgh, PA · $53.6M13%
At year end, Altamont Capital Management’s separately managed accounts were mostly in funds (90%) and cash (10%).
What the accounts hold
- Funds90%
- Cash10%
How many clients does Altamont Capital Management have?
Altamont Capital Management has 163 clients and manages $412 million for them, as of January 2026. They include 107 individual clients, 41 high-net-worth individuals, and 15 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 28 January 2026
What services does Altamont Capital Management offer?
Altamont Capital Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Altamont Capital Management charge?
Altamont Capital Management charges 0.60%–1.25% a year for its Advisor Services. The whole portfolio is charged at the rate of its band. The fee is billed in advance or in arrears and is negotiable.
Which custodians does Altamont Capital Management use?
Altamont Capital Management’s separately managed account assets are held at Charles Schwab (Westlake, TX), with $355M and Mid Atlantic Trust Company (Pittsburgh, PA), with $53.6M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 28 January 2026
How many financial advisors does Altamont Capital Management have?
Altamont Capital Management has 2 investment adviser representatives registered with state securities authorities, out of 2 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Altamont Capital Management invest in?
At the end of its last fiscal year, Altamont Capital Management’s separately managed accounts held 90% registered funds (mutual funds, ETFs, BDCs) and 10% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Altamont Capital Management?
Altamont Capital Management’s direct owners are Gerald Towson, Harvey Jenkins, Shon Norris and Daniel Mullinix, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 28 January 2026
How does Altamont Capital Management get paid?
Altamont Capital Management is paid through a percentage of assets under management and hourly charges. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Altamont Capital Management?
Altamont Capital Management’s main office is at 100 Coxe Avenue, Asheville, NC 28801. Its phone number is 828-236-0610.