Kaltbaum Capital Management provides portfolio management for individuals and small businesses and publishing newsletters.
Kaltbaum Capital Management reports 227 clients. They include 118 individual clients and 109 high-net-worth individuals. Of its assets, 99.3% ($110M across 193 accounts) are managed with discretion; $782K across 34 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 52% | 11% |
| High-net-worth individuals | 48% | 89% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 118 | $12.7M | 11.4% | $107K |
| High-net-worth individuals | 109 | $98.2M | 88.6% | $901K |
| Total | 227 | $111M | 100% | $489K |
- Clients
- 118
- Regulatory AUM
- $12.7M
- AUM share
- 11.4%
- Avg. per client
- $107K
- Clients
- 109
- Regulatory AUM
- $98.2M
- AUM share
- 88.6%
- Avg. per client
- $901K
Total
- Clients
- 227
- Regulatory AUM
- $111M
- AUM share
- 100%
- Avg. per client
- $489K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
Kaltbaum Capital Management is paid through a percentage of assets under management, fixed fees (other than subscription fees) and performance-based 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
- Investment Research Consulting
- Fees are $750 per quarter for individuals; fees for institutions are negotiated.
Gary Kaltbaum owns 75% or more of Kaltbaum Capital Management. The leadership team of Kaltbaum Capital Management includes Chief Compliance Officer Gary Kaltbaum. It has 2 employees, 1 of them in advisory roles.
Leadership
- Gary KaltbaumManaging Member/Chief Compliance Officer
Investment adviser representatives
1 representatives listed in the SEC register as of 9 October 2026.
Staff
- 2 employees
- 1 in advisory functions
- 1 state-registered rep
- Owns 75% or more of Kaltbaum Capital Management, LLC
Gary Kaltbaum
Control person · since January 2003
Kaltbaum Capital Management’s regulatory assets fell from $118M (May 2025) to $111M (March 2026); clients fell from 264 to 227 and employees were 2 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $111M | 227 | 2 | 1 |
| May 2025 | $118M | 264 | 2 | 1 |
Besides its headquarters, Kaltbaum Capital Management has 0 offices, with 1 listed address with no US state reported.
Contact and registration details
- Legal name
- Kaltbaum Capital Management, LLC
- Headquarters
- Not reported
- Website
- garykaltbaum.com
- Phone
- 407-514-3180
- SEC file
- 801-132465
- Structure
- Florida LLC
- Fiscal year end
- December
Kaltbaum Capital Management uses Charles Schwab ($111M) as custodian for its separately managed accounts. Kaltbaum Capital Management does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $111M100%
At year end, Kaltbaum Capital Management’s separately managed accounts were mostly in stocks (70%) and cash (25%).
What the accounts hold
- Stocks70%
- Bonds5%
- Cash25%
How many clients does Kaltbaum Capital Management have?
Kaltbaum Capital Management has 227 clients and manages $111 million for them, as of March 2026. They include 118 individual clients and 109 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026
What services does Kaltbaum Capital Management offer?
Kaltbaum Capital Management provides portfolio management for individuals and small businesses and publishing newsletters.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Kaltbaum Capital Management use?
Kaltbaum Capital Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $111M. 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 March 2026
How many financial advisors does Kaltbaum Capital Management have?
Kaltbaum Capital Management has 1 investment adviser representative registered with state securities authorities, out of 2 employees, and 1 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 Kaltbaum Capital Management invest in?
At the end of its last fiscal year, Kaltbaum Capital Management’s separately managed accounts held 70% exchange-traded equities, 25% cash and equivalents and 5% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Kaltbaum Capital Management?
Kaltbaum Capital Management’s direct owner is Gary Kaltbaum (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 27 March 2026
How does Kaltbaum Capital Management get paid?
Kaltbaum Capital Management is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions 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 Kaltbaum Capital Management?
Its phone number is 407-514-3180. Its website is garykaltbaum.com.