Front Street Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, and portfolio management for institutions.
Front Street Capital Management reports 1,208 clients. They include 982 individual clients, 203 high-net-worth individuals, and 10 corporations and other businesses. Of its assets, 100.0% ($862M across 1,207 accounts) are managed with discretion. It advised 1,207 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 81% | 11% |
| High-net-worth individuals | 17% | 59% |
| Investment companies | <1% | 24% |
| Pension and profit-sharing plans | <1% | 4% |
| Charitable organizations | <1% | <1% |
| Other client typesCorporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 982 | $98.1M | 11.4% | $99.9K |
| High-net-worth individuals | 203 | $510M | 59.1% | $2.51M |
| Investment companies | 1 | $211M | 24.5% | $211M |
| Pension and profit-sharing plans | 6 | $37.3M | 4.3% | $6.22M |
| Charitable organizations | 6 | $3.3M | 0.4% | $550K |
| Corporations and other businesses | 10 | $2.5M | 0.3% | $250K |
| Total | 1,208 | $862M | 100% | $714K |
- Clients
- 982
- Regulatory AUM
- $98.1M
- AUM share
- 11.4%
- Avg. per client
- $99.9K
- Clients
- 203
- Regulatory AUM
- $510M
- AUM share
- 59.1%
- Avg. per client
- $2.51M
- Clients
- 1
- Regulatory AUM
- $211M
- AUM share
- 24.5%
- Avg. per client
- $211M
- Clients
- 6
- Regulatory AUM
- $37.3M
- AUM share
- 4.3%
- Avg. per client
- $6.22M
- Clients
- 6
- Regulatory AUM
- $3.3M
- AUM share
- 0.4%
- Avg. per client
- $550K
- Clients
- 10
- Regulatory AUM
- $2.5M
- AUM share
- 0.3%
- Avg. per client
- $250K
Total
- Clients
- 1,208
- Regulatory AUM
- $862M
- AUM share
- 100%
- Avg. per client
- $714K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 1,207
- Private funds advised
- 0
Front Street Capital Management is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Consulting Services
- Consulting is charged hourly at $50 to $100 per hour, or as a fixed fee of $50 to $500, depending on the engagement.
Russell Piazza owns 75% or more of Front Street Capital Management. The leadership team of Front Street Capital Management includes President Michele Blood and Chief Compliance Officer Virginia Belker. It has 6 employees, 4 of them in advisory roles.
Staff
- 6 employees
- 4 in advisory functions
- 4 state-registered reps
- Owns 75% or more of Front Street Capital Management, Inc.
Russell Piazza
Control person · since September 2006
- Owns 10% to 25% of Front Street Capital Management, Inc.
Michele Blood
Control person · since September 2006
Front Street Capital Management’s regulatory assets grew 2.1× from $416M (March 2021) to $862M (May 2026); clients rose from 1,099 to 1,208 and employees were 6 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| May 2026May 2026 | $862M | 1,208 | 6 | 1 |
| Mar 2025March 2025 | $614M | 1,436 | 6 | 1 |
| Apr 2024April 2024 | $615M | 1,463 | 6 | 1 |
| Mar 2023March 2023 | $575M | 1,156 | 6 | 1 |
| Mar 2022March 2022 | $653M | 1,099 | 6 | 1 |
| Mar 2021March 2021 | $416M | 1,099 | 6 | 1 |
Besides its headquarters, Front Street Capital Management has 0 offices, with 1 listed address in 1 state.
Montana · 1 listed address
- 218 East Front Street, Suite 205, MissoulaHQ
Contact and registration details
- Legal name
- Front Street Capital Management, Inc.
- Headquarters
- 218 East Front Street, Suite 205, Missoula, MT 59802
- Website
- frontstreetcap.com
- Phone
- 406-541-0130
- @front-street-capital-management
- SEC file
- 801-68139
- Structure
- Montana corporation
- Fiscal year end
- December
Front Street Capital Management’s named custodians for separately managed accounts are SEI Private Trust ($492M, 80%) and Charles Schwab ($121M, 20%). Front Street Capital Management has custody of $13M for 1 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $121M20%
- SEI Private TrustSEI Private Trust Company · Oaks, PA · $492M80%
At year end, Front Street Capital Management’s separately managed accounts were mostly in stocks (58%) and funds (30%). Its reported 13F holdings for the quarter ended 30 June 2026 total $881M across 70 positions; the largest are Lumen Technologies Inc. (10.6%), Cognex Corp. (10.3%) and GE Aerospace (8.0%).
What the accounts hold
- Stocks58%
- Funds30%
- Bonds10%
- Cash2%
How many clients does Front Street Capital Management have?
Front Street Capital Management has 1,208 clients and manages $862 million for them, as of May 2026. They include 982 individual clients, 203 high-net-worth individuals, and 10 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 May 2026
What services does Front Street Capital Management offer?
Front Street Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Front Street Capital Management use?
Front Street Capital Management’s separately managed account assets are held at SEI Private Trust Company (Oaks, PA), with $492M and Charles Schwab & Co., Inc. (San Francisco, CA), with $121M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 27 May 2026
How many financial advisors does Front Street Capital Management have?
Front Street Capital Management has 4 investment adviser representatives registered with state securities authorities, out of 6 employees, and 4 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 Front Street Capital Management invest in?
At the end of its last fiscal year, Front Street Capital Management’s separately managed accounts held 58% exchange-traded equities, 30% registered funds (mutual funds, ETFs, BDCs), 10% U.S. government and agency bonds and 2% 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 Front Street Capital Management?
Front Street Capital Management’s direct owners are Russell Piazza (75% or more) and Michele Blood (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 27 May 2026
How does Front Street Capital Management get paid?
Front Street Capital Management 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
How do I contact Front Street Capital Management?
Front Street Capital Management’s main office is at 218 East Front Street, Suite 205, Missoula, MT 59802. Its phone number is 406-541-0130. Its website is frontstreetcap.com.