Avalon Capital Management provides financial planning and portfolio management for individuals and small businesses. Financial planning was provided to 101–250 clients last fiscal year.
Avalon Capital Management reports 163 clients. They include 129 high-net-worth individuals, 31 individual clients and 1 pension or profit-sharing plan. Of its assets, 79.7% ($464M across 391 accounts) are managed with discretion; $118M across 117 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 19% | 2% |
| High-net-worth individuals | 79% | 95% |
| Pension and profit-sharing plans | <1% | 4% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 31 | $9.8M | 1.7% | $316K |
| High-net-worth individuals | 129 | $550M | 94.5% | $4.27M |
| Pension and profit-sharing plans | Fewer than 5 | $20.6M | 3.5% | $20.6M |
| Charitable organizations | Fewer than 5 | $1.44M | 0.2% | $1.44M |
| Corporations and other businesses | Fewer than 5 | $105K | 0.0% | $105K |
| Total | 163 | $582M | 100% | — |
- Clients
- 31
- Regulatory AUM
- $9.8M
- AUM share
- 1.7%
- Avg. per client
- $316K
- Clients
- 129
- Regulatory AUM
- $550M
- AUM share
- 94.5%
- Avg. per client
- $4.27M
- Clients
- Fewer than 5
- Regulatory AUM
- $20.6M
- AUM share
- 3.5%
- Avg. per client
- $20.6M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.44M
- AUM share
- 0.2%
- Avg. per client
- $1.44M
- Clients
- Fewer than 5
- Regulatory AUM
- $105K
- AUM share
- 0.0%
- Avg. per client
- $105K
Total
- Clients
- 163
- Regulatory AUM
- $582M
- 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
- 101–250
Avalon Capital Management charges 0.50%–1.00% for its Investment management services. The brochure does not state whether the rate is annual. The fee is billed in advance and is negotiable.
Fee details and sources
Ross Revenaugh owns 50% to 75% of Avalon Capital Management. The leadership team of Avalon Capital Management includes Chief Compliance Officer Ross Revenaugh. It has 5 employees, 3 of them in advisory roles.
Leadership
Ross RevenaughManaging Partner/Chief Compliance Officer
Clara BasilePartner- Steven NightingaleShareholder
- Brian AuldShareholder
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
Staff
- 5 employees
- 3 in advisory functions
- 3 state-registered reps
- Owns 50% to 75% of Avalon Capital Management
Ross Revenaugh
Control person · since October 2025
- Owns 10% to 25% of Avalon Capital Management
Clara Basile
Control person · since October 2025
- Owns 10% to 25% of Avalon Capital Management
Brian Auld
since October 2025
- Owns 5% to 10% of Avalon Capital Management
Steven Nightingale
since August 2021
Avalon Capital Management’s regulatory assets grew 1.9× from $301M (March 2021) to $582M (July 2026); clients rose from 135 to 163 and employees were 5 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $582M | 163 | 5 | 1 |
| April 2025 | $487M | 157 | 5 | 1 |
| January 2024 | $400M | 151 | 3 | 1 |
| February 2023 | $372M | 162 | 3 | 1 |
| March 2022 | $339M | 147 | 3 | 1 |
| March 2021 | $301M | 135 | 5 | 1 |
Besides its headquarters, Avalon Capital Management has 0 offices, with 1 listed address in California.
California · 1 listed address
- 525 Middlefield Road, Suite 160, Menlo ParkHQ
Contact and registration details
- Legal name
- Avalon Capital Management
- Headquarters
- 525 Middlefield Road, Suite 160, Menlo Park, CA 94025
- Website
- avaloncapital.com
- Phone
- 650-306-1500
- @2005914
- SEC file
- 801-41657
- Founded
- 1992
- Structure
- California corporation
- Fiscal year end
- December
Avalon Capital Management uses Charles Schwab ($576M) as custodian for its separately managed accounts. Avalon Capital Management has custody of $277M in client assets for 84 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $576M100%
At year end, Avalon Capital Management’s separately managed accounts were mostly in funds (55%) and stocks (35%). Its reported 13F holdings for the quarter ended 30 June 2026 total $423M across 130 positions; the largest are Alphabet Inc. (12.7%), Vaneck ETF Trust (7.4%) and Vaneck ETF Trust (5.9%).
What the accounts hold
- Stocks35%
- Funds55%
- Bonds2%
- U.S. government and agency bonds1%
- State and local bonds1%
- Cash9%
Reported 13F holdings
- $423M
- Reported 13F value
- 130
- Positions
- 55.3%
- In the 10 largest
- +19.5%
- Value vs. prior quarter
- Alphabet Inc. · Cap Stk CL A12.7%
- Vaneck ETF Trust · Semiconductr ETF7.4%
- Vaneck ETF Trust · Gold Miners ETF5.9%
- SPDR Gold TR · Gold Shs5.5%
- Alphabet Inc. · Cap Stk CL C5.4%
- Cisco Sys Inc.4.3%
- Eli Lilly & CO3.9%
- Amazon Com Inc.3.6%
- iShares Inc. · Core MSCI Emkt3.5%
- Apple Inc.3.2%
Together, the ten largest are 55.3% of reported value.
How many clients does Avalon Capital Management have?
Avalon Capital Management has 163 clients and manages $582 million for them, as of July 2026. They include 129 high-net-worth individuals, 31 individual clients and 1 pension or profit-sharing plan.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 21 July 2026
What services does Avalon Capital Management offer?
Avalon Capital Management provides financial planning and portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Avalon Capital Management charge?
Avalon Capital Management charges 0.50%–1.00% for its Investment management services. The brochure does not state whether the rate is annual. The fee is billed in advance and is negotiable.
Source: AVALON CAPITAL MANAGEMENT ADV BROCHURE, filed 21 July 2026
Which custodians does Avalon Capital Management use?
Avalon Capital Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $576M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 21 July 2026
How many financial advisors does Avalon Capital Management have?
Avalon Capital Management has 3 investment adviser representatives registered with state securities authorities, out of 5 employees, and 3 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 Avalon Capital Management invest in?
At the end of its last fiscal year, Avalon Capital Management’s separately managed accounts held 55% registered funds (mutual funds, ETFs, BDCs), 35% exchange-traded equities, 9% cash and equivalents, 1% U.S. government and agency bonds and 1% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Avalon Capital Management?
Avalon Capital Management’s direct owners are Clara Basile (10% to 25%), Ross Revenaugh (50% to 75%), Steven Nightingale (5% to 10%) and Brian Auld (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 21 July 2026
How does Avalon Capital Management get paid?
Avalon 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
Is Avalon Capital Management registered with the SEC?
Yes, Avalon Capital Management has been registered with the SEC as an investment adviser since 4 June 1992. Its CRD number is 107501 and its SEC file number is 801-41657.
Source: Form ADV Part 1A, Item 1, filed 21 July 2026; IAPD firm record
How do I contact Avalon Capital Management?
Avalon Capital Management’s main office is at 525 Middlefield Road, Suite 160, Menlo Park, CA 94025. Its phone number is 650-306-1500. Its website is avaloncapital.com.