Avalan provides financial planning, portfolio management for individuals and small businesses, selecting other managers, and educational seminars. Financial planning was provided to 1–10 clients last fiscal year. The firm advises 1 private fund.
Avalan reports 319 clients. They include 144 individual clients, 121 high-net-worth individuals, and 35 pension and profit-sharing plans. Of its assets, 87.5% ($544M across 735 accounts) are managed with discretion; $77.5M across 33 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 45% | 12% |
| High-net-worth individuals | 38% | 57% |
| Pension and profit-sharing plans | 11% | 15% |
| Charitable organizations | 2% | 5% |
| Insurance companies | Fewer than 5 | 4% |
| Other client typesOther | 4% | 8% |
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) | 144 | $72.8M | 11.7% | $506K |
| High-net-worth individuals | 121 | $352M | 56.7% | $2.91M |
| Pension and profit-sharing plans | 35 | $90.2M | 14.5% | $2.58M |
| Charitable organizations | 6 | $31.5M | 5.1% | $5.25M |
| Insurance companies | Fewer than 5 | $27.8M | 4.5% | — |
| Other | 13 | $47.1M | 7.6% | $3.62M |
| Total | 319 | $622M | 100% | — |
- Clients
- 144
- Regulatory AUM
- $72.8M
- AUM share
- 11.7%
- Avg. per client
- $506K
- Clients
- 121
- Regulatory AUM
- $352M
- AUM share
- 56.7%
- Avg. per client
- $2.91M
- Clients
- 35
- Regulatory AUM
- $90.2M
- AUM share
- 14.5%
- Avg. per client
- $2.58M
- Clients
- 6
- Regulatory AUM
- $31.5M
- AUM share
- 5.1%
- Avg. per client
- $5.25M
- Clients
- Fewer than 5
- Regulatory AUM
- $27.8M
- AUM share
- 4.5%
- Avg. per client
- —
- Clients
- 13
- Regulatory AUM
- $47.1M
- AUM share
- 7.6%
- Avg. per client
- $3.62M
Total
- Clients
- 319
- Regulatory AUM
- $622M
- 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
- 1
- Financial planning clients last fiscal year
- 1–10
Avalan charges up to 2.00% a year for its Asset Management. The fee is billed in advance or in arrears and has a $10,000 annual minimum. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning and Consulting
- Billed hourly at $250 to $500, or as flat fees of $500 to $10,000, with 50% of the estimated fee due on engagement.
Richard Schuette owns 75% or more of Avalan. The leadership team of Avalan includes Chief Compliance Officer Richard Schuette. It has 11 employees.
Leadership
- Richard SchuetteManaging Member & Chief Compliance Officer
- Kathryn CourainShareholder
- Peter MadlemShareholder
Investment adviser representatives
11 representatives listed in the SEC register as of 9 October 2026.
Staff
- 11 employees
- 11 in advisory functions
- 11 state-registered reps
- 2 insurance agents
- Owns 75% or more of Avalan, LLC
Richard Schuette
Control person · since February 2011
- Owns 10% to 25% of Avalan, LLC
Kathryn Courain
Control person · since April 2016
- Owns 10% to 25% of Avalan, LLC
Peter Madlem
Control person · since September 2022
Avalan’s regulatory assets grew 2.3× from $276M (March 2021) to $622M (March 2026); clients rose from 228 to 319 and employees from 9 to 11.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $622M | 319 | 11 | 3 |
| March 2025 | $489M | 287 | 10 | 3 |
| May 2024 | $405M | 273 | 10 | 3 |
| April 2023 | $349M | 323 | 10 | 3 |
| April 2022 | $452M | 228 | 11 | 3 |
| March 2021 | $276M | 228 | 9 | 3 |
Besides its headquarters, Avalan has 2 offices, with 3 listed addresses in California.
California · 3 listed addresses
- 233 E Carillo, Suite B, Santa BarbaraHQ
- 31194 La Baya DR, Westlake Village
- 1610 Oak Street, Solvang
Contact and registration details
- Legal name
- Avalan, LLC
- Headquarters
- 233 E Carillo, Suite B, Santa Barbara, CA 93101
- Website
- avalanwealth.com
- Phone
- 805-962-7725
- SEC file
- 801-107405
- Structure
- California LLC
- Fiscal year end
- December
Avalan uses Fidelity ($337M, 86%) and Charles Schwab ($52.9M, 14%) as custodians for its separately managed accounts. Avalan does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $52.9M14%
- FidelityFidelity Investments · Boston, MA · $337M86%
At year end, Avalan’s separately managed accounts were mostly in stocks (66%) and funds (18%).
What the accounts hold
- Stocks66%
- Funds18%
- Bonds8%
- Investment grade corporate bonds4%
- State and local bonds3%
- U.S. government and agency bonds1%
- Cash7%
- Other1%
- Private equity1%
How many clients does Avalan have?
Avalan has 319 clients and manages $622 million for them, as of March 2026. They include 144 individual clients, 121 high-net-worth individuals, and 35 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 17 March 2026
What services does Avalan offer?
Avalan provides financial planning, portfolio management for individuals and small businesses, selecting other managers, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Avalan charge?
Avalan charges up to 2.00% a year for its Asset Management. The fee is billed in advance or in arrears and has a $10,000 annual minimum.
Which custodians does Avalan use?
Avalan’s separately managed account assets are held at Fidelity Investments (Boston, MA), with $337M and Charles Schwab & Co., Inc. (Westlake, TX), with $52.9M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 17 March 2026
How many financial advisors does Avalan have?
Avalan has 11 investment adviser representatives registered with state securities authorities, out of 11 employees, and 11 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 employees are 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 Avalan invest in?
At the end of its last fiscal year, Avalan’s separately managed accounts held 66% exchange-traded equities, 18% registered funds (mutual funds, ETFs, BDCs), 7% cash and equivalents, 4% investment grade corporate bonds, 3% state and local bonds, 1% U.S. government and agency bonds and 1% other. The 1% other category is described as: Private Equity. It advises 1 private fund.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Avalan?
Avalan’s direct owners are Richard Schuette (75% or more), Kathryn Courain (10% to 25%) and Peter Madlem (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 17 March 2026
How does Avalan get paid?
Avalan is paid through a percentage of assets under management, hourly charges and fixed fees. 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
Is Avalan registered with the SEC?
Yes, Avalan has been registered with the SEC as an investment adviser since 16 March 2016. Its CRD number is 156109 and its SEC file number is 801-107405.
Source: Form ADV Part 1A, Item 1, filed 17 March 2026; IAPD firm record
How do I contact Avalan?
Avalan’s main office is at 233 E Carillo, Suite B, Santa Barbara, CA 93101. Its phone number is 805-962-7725. Its website is avalanwealth.com.