Callahan Capital Management provides financial planning and portfolio management for individuals and small businesses. Financial planning was provided to 1–10 clients last fiscal year.
Callahan Capital Management reports 389 clients. They include 327 individual clients and 62 high-net-worth individuals. Of its assets, 99.3% ($216M across 1,247 accounts) are managed with discretion; $1.54M across 1 account is not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 84% | 37% |
| High-net-worth individuals | 16% | 63% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 327 | $80.3M | 36.9% | $246K |
| High-net-worth individuals | 62 | $137M | 63.1% | $2.21M |
| Total | 389 | $217M | 100% | $559K |
- Clients
- 327
- Regulatory AUM
- $80.3M
- AUM share
- 36.9%
- Avg. per client
- $246K
- Clients
- 62
- Regulatory AUM
- $137M
- AUM share
- 63.1%
- Avg. per client
- $2.21M
Total
- Clients
- 389
- Regulatory AUM
- $217M
- AUM share
- 100%
- Avg. per client
- $559K
- 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
Callahan Capital Management charges up to 1.00% a year for its Investment Management Fee. The fee is billed in advance and is negotiable.
Fee details and sources
David Shepard owns 75% or more of Callahan Capital Management. The leadership team of Callahan Capital Management includes President David Shepard. It has 5 employees, 3 of them in advisory roles.
Staff
- 5 employees
- 3 in advisory functions
- 4 state-registered reps
- Owns 75% or more of Callahan Capital Management Inc
David Shepard
Control person · since December 2012
Callahan Capital Management’s regulatory assets grew from $154M (March 2021) to $217M (March 2026); clients rose from 326 to 389 and employees from 3 to 5.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $217M | 389 | 5 | 2 |
| Jul 2025July 2025 | $194M | 419 | 5 | 2 |
| Mar 2024March 2024 | $180M | 398 | 4 | 2 |
| Apr 2023April 2023 | $146M | 398 | 4 | 2 |
| Mar 2022March 2022 | $172M | 338 | 3 | 2 |
| Mar 2021March 2021 | $154M | 326 | 3 | 2 |
Besides its headquarters, Callahan Capital Management has 1 office, with 2 listed addresses in 1 state.
Colorado · 2 listed addresses
- 1169 Hilltop Pkwy, 106a, Steamboat SpringsHQ
- 9110 East Nichols Avenue, #122, Centennial
Contact and registration details
- Legal name
- Callahan Capital Management Inc
- Headquarters
- 1169 Hilltop Pkwy, 106a, Steamboat Springs, CO 80487-2523
- Website
- callahancapital.com
- Phone
- 970-870-8750
- @callahancapitalmanagement
- SEC file
- 801-110441
- Structure
- Colorado corporation
- Fiscal year end
- December
Callahan Capital Management’s named custodian for separately managed accounts is Charles Schwab ($208M). Callahan Capital Management has custody of $58.1M for 185 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $208M100%
At year end, Callahan Capital Management’s separately managed accounts were mostly in funds (75%) and stocks (17%).
What the accounts hold
- Stocks17%
- Funds75%
- Bonds2%
- Cash5%
- Other1%
- Annuities1%
How many clients does Callahan Capital Management have?
Callahan Capital Management has 389 clients and manages $217 million for them, as of March 2026. They include 327 individual clients and 62 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Callahan Capital Management offer?
Callahan 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 Callahan Capital Management charge?
Callahan Capital Management charges up to 1.00% a year for its Investment Management Fee. The fee is billed in advance and is negotiable.
Source: 2A BROCHURE, filed 31 March 2026
Which custodians does Callahan Capital Management use?
Callahan Capital Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $208M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does Callahan Capital Management have?
Callahan Capital Management has 4 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 Callahan Capital Management invest in?
At the end of its last fiscal year, Callahan Capital Management’s separately managed accounts held 75% registered funds (mutual funds, ETFs, BDCs), 17% exchange-traded equities, 5% cash and equivalents, 2% sovereign bonds and 1% other. The 1% other category is described as: Annuities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Callahan Capital Management?
Callahan Capital Management’s direct owner is David Shepard (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Callahan Capital Management get paid?
Callahan Capital Management is paid through a percentage of assets under management. 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 Callahan Capital Management?
Callahan Capital Management’s main office is at 1169 Hilltop Pkwy, 106a, Steamboat Springs, CO 80487-2523. Its phone number is 970-870-8750. Its website is callahancapital.com.
