{"url":"https://nivawealth.com/firms/avalan-156109","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/156109","regulatoryAum":621827000,"crd":"156109","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"8200843","suffix":null,"lastName":"Chepilev","firstName":"Valeria","middleName":null},{"crd":"4062768","suffix":null,"lastName":"COURAIN","firstName":"KATHRYN","middleName":"E"},{"crd":"6940918","suffix":null,"lastName":"Hall","firstName":"Jeffrey","middleName":"Charles"},{"crd":"4601379","suffix":null,"lastName":"JAGARD","firstName":"JEFFREY","middleName":"FRANK"},{"crd":"1363143","suffix":null,"lastName":"MADLEM","firstName":"PETER","middleName":"WHITE"},{"crd":"7265071","suffix":null,"lastName":"Madlem","firstName":"Sean","middleName":"Peter"},{"crd":"707605","suffix":null,"lastName":"SAGHI","firstName":"ELIZABETH","middleName":"ANN"},{"crd":"2907767","suffix":"JR","lastName":"SCHUETTE","firstName":"RICHARD","middleName":"ALLEN"},{"crd":"5613907","suffix":null,"lastName":"SLEMMONS","firstName":"CASEY","middleName":"WILLIAM"},{"crd":"5866005","suffix":null,"lastName":"THOMPSON","firstName":"JEFFERY","middleName":"DALE"},{"crd":"1425738","suffix":null,"lastName":"WEBER","firstName":"RICK","middleName":"JAY"}],"total":11,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-15","regulatoryAum":275897584,"clients":228,"employees":9,"offices":3},{"filedOn":"2022-04-08","regulatoryAum":452336412,"clients":228,"employees":11,"offices":3},{"filedOn":"2023-04-03","regulatoryAum":349285204,"clients":323,"employees":10,"offices":3},{"filedOn":"2024-05-01","regulatoryAum":405417977,"clients":273,"employees":10,"offices":3},{"filedOn":"2025-03-24","regulatoryAum":488859570,"clients":287,"employees":10,"offices":3},{"filedOn":"2026-03-17","regulatoryAum":621827000,"clients":319,"employees":11,"offices":3}],"secFileNumber":"801-107405","legalName":"Avalan, LLC","displayName":"Avalan","slug":"avalan-156109","website":"https://avalanwealth.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/156109/7c7f60b4dfddb8f4-r1.webp","tone":"dark","width":1059,"height":200,"sourceUrl":"https://www.avalanwealth.com/","sourceLabel":"Avalan, LLC, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"California limited liability company","fiscalYearEnd":"December","headquarters":{"street":"233 E Carillo, Suite B","city":"Santa Barbara","state":"CA","stateName":"California","country":"United States","postalCode":"93101"},"tradeNames":[],"registration":{"secApproved":"16 March 2016","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1604724.5283018867,"staff":{"employees":11,"advisory":11,"brokerDealerReps":0,"insuranceAgents":2,"promoters":0},"aum":{"regulatory":621827000,"discretionary":544374000,"discretionaryAccounts":735,"nonDiscretionary":77453000,"nonDiscretionaryAccounts":33,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":144,"regulatoryAum":72800000},{"label":"High-net-worth individuals","clients":121,"regulatoryAum":352452000},{"label":"Pension and profit-sharing plans","clients":35,"regulatoryAum":90175000},{"label":"Charitable organizations","clients":6,"regulatoryAum":31500000},{"label":"Insurance companies","clients":null,"fewerThan5":true,"regulatoryAum":27800000},{"label":"Other","clients":13,"regulatoryAum":47100000}],"feePrograms":[{"role":"main","program":"Asset Management","feeBasis":"ceiling","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1020657","versionId":1020657,"ratePeriod":"annual","fee_billing":"both","submittedOn":"2026-03-17","documentName":"AVALAN, LLC PART 2A","fee_rate_low":null,"fee_rate_high":2,"fee_negotiable":null,"minimum_account":null,"feeMinimumPeriod":"annual","fee_minimum_annual":10000},{"role":"other","program":"Financial Planning and Consulting","summary":"Billed hourly at $250 to $500, or as flat fees of $500 to $10,000, with 50% of the estimated fee due on engagement.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1020657","versionId":1020657,"submittedOn":"2026-03-17","documentName":"AVALAN, LLC PART 2A"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T09:35:38.468142+00:00","documents":[{"name":"AVALAN, LLC PART 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1020657","versionId":1020657,"submittedOn":"2026-03-17"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":52907868},{"name":"Fidelity Investments","shortName":"Fidelity","location":"Boston, MA","smaAssets":336779270}],"custodyNote":"Avalan does not have custody of client assets.","leadership":[{"name":"Richard Schuette","title":"Managing Member & Chief Compliance Officer","crd":"2907767"},{"name":"Kathryn Courain","title":"Shareholder","crd":"4062768"},{"name":"Peter Madlem","title":"Shareholder","crd":"1363143"}],"ownership":[{"label":"Richard Schuette","detail":"Managing member & chief compliance officer in the 75% or more ownership band and a control person, since February 2011."},{"label":"Kathryn Courain","detail":"Shareholder in the 10% to 25% ownership band and a control person, since April 2016."},{"label":"Peter Madlem","detail":"Shareholder in the 10% to 25% ownership band and a control person, since September 2022."}],"filedOffices":{"otherThanPrincipal":2,"privateResidences":0},"listedOfficeAddresses":3,"foreignOffices":[],"officesByState":[{"state":"California","offices":3,"addresses":[{"street":"233 E Carillo, Suite B","city":"Santa Barbara","headquarters":true},{"street":"31194 La Baya DR","city":"Westlake Village"},{"street":"1610 Oak Street","city":"Solvang"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"805-962-7725","stateRegisteredReps":11,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Selection of other advisers (including private fund managers)","Educational seminars/workshops"],"financialPlanningClients":"1-10","assetMix":[{"label":"Exchange-traded equity securities","percent":66},{"label":"U.S. government/agency bonds","percent":1},{"label":"U.S. state and local bonds","percent":3},{"label":"Investment grade corporate bonds","percent":4},{"label":"Securities issued by registered investment companies or business development companies","percent":18},{"label":"Cash and cash equivalents","percent":7},{"label":"Other","percent":1,"detail":"Private Equity"}],"privateFunds":1},"sources":{"adv1FilingDate":"17 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/156109/PDF/156109.pdf","brochureDate":"17 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1020657","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Avalan have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Avalan offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Avalan charge?","answer":"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.","source":"AVALAN, LLC PART 2A, filed 17 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Avalan use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Avalan have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Avalan invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Avalan?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Avalan get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Avalan registered with the SEC?","answer":"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","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Avalan?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 17 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}