Sky-Mountain Capital Management provides financial planning, portfolio management for individuals and small businesses, education planning, estate planning, insurance, philanthropic planning, retirement plan services, and tax planning. Financial planning was provided to 1–10 clients last fiscal year.
Sky-Mountain Capital Management reports 141 clients. They include 87 individual clients and 54 high-net-worth individuals. Of its assets, 98.4% ($207M across 505 accounts) are managed with discretion; $3.41M across 14 accounts are not. It advised 10 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 62% | 28% |
| High-net-worth individuals | 38% | 72% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 87 | $58.4M | 27.8% | $672K |
| High-net-worth individuals | 54 | $152M | 72.2% | $2.82M |
| Total | 141 | $211M | 100% | $1.49M |
- Clients
- 87
- Regulatory AUM
- $58.4M
- AUM share
- 27.8%
- Avg. per client
- $672K
- Clients
- 54
- Regulatory AUM
- $152M
- AUM share
- 72.2%
- Avg. per client
- $2.82M
Total
- Clients
- 141
- Regulatory AUM
- $211M
- AUM share
- 100%
- Avg. per client
- $1.49M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 10
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Sky-Mountain Capital Management charges 0.50%–1.00% a year for its Investment Management. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable. The brochure also prices 3 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$1M | 1.00% |
| $1M and above | 0.50% |
Fee details and sources
Other fees
- Consulting Services
- Consulting services are billed hourly at $450 per hour, are negotiable, and are due within ten days of invoice.
- Financial Planning
- Stand-alone financial planning is billed hourly at $450, with an initial plan generally taking 10 to 15 hours; planning and consulting are generally complimentary for investment management clients.
- Retirement Plan Advisory Services
- Retirement plan advisory fees are negotiable and set in the investment advisory agreement; the maximum investment advisory fee is 1%, billed quarterly in advance or in arrears.
Thomas Nelson owns 75% or more of Sky-Mountain Capital Management. The leadership team of Sky-Mountain Capital Management includes President Thomas Nelson. It has 2 employees, 1 of them in advisory roles.
Leadership
- Thomas NelsonPresident/CCO
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
Staff
- 2 employees
- 1 in advisory functions
- 2 state-registered reps
- Owns 75% or more of Sky-Mountain Capital Management, Inc.
Thomas Nelson
Control person · since January 2021
Sky-Mountain Capital Management’s regulatory assets grew 2.0× from $106M (July 2021) to $211M (February 2026); clients rose from 100 to 141 and employees were 2 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| February 2026 | $211M | 141 | 2 | 1 |
| February 2025 | $189M | 138 | 2 | 1 |
| February 2024 | $148M | 140 | 2 | 1 |
| February 2023 | $131M | 137 | 2 | 1 |
| March 2022 | $132M | 122 | 2 | 1 |
| July 2021 | $106M | 100 | 2 | 1 |
Besides its headquarters, Sky-Mountain Capital Management has 0 offices, with 1 listed address in Idaho.
Idaho · 1 listed address
- 251 Northwood Way, Suite H, KetchumHQ
Contact and registration details
- Legal name
- Sky-Mountain Capital Management, Inc.
- Headquarters
- 251 Northwood Way, Suite H, Ketchum, ID 83340
- Website
- sky-mountaincapital.com
- Phone
- 208-471-4261
- SEC file
- 801-120497
- Founded
- 2021
- Structure
- Idaho corporation
- Fiscal year end
- December
Sky-Mountain Capital Management uses Fidelity ($205M) as custodian for its separately managed accounts. Sky-Mountain Capital Management does not have custody of client assets.
- FidelityNational Financial Services LLC · Boston, MA · $205M100%
At year end, Sky-Mountain Capital Management’s separately managed accounts were mostly in funds (75%) and stocks (15%). Its reported 13F holdings for the quarter ended 30 June 2026 total $140M across 40 positions; the largest are Wisdomtree TR (39.3%), SPDR Gold TR (16.3%) and First TR Exchange-traded FD (5.4%).
What the accounts hold
- Stocks15%
- Exchange-traded equities14%
- Non-exchange-traded equities1%
- Funds75%
- Bonds1%
- Cash8%
- Other1%
- Variable annuity1%
Reported 13F holdings
- $140M
- Reported 13F value
- 40
- Positions
- 81.6%
- In the 10 largest
- +0.1%
- Value vs. prior quarter
- Wisdomtree TR · Floatng Rat Trea39.3%
- SPDR Gold TR · Gold Shs16.3%
- First TR Exchange-traded FD · Nasdq Cln Edge5.4%
- Vanguard Whitehall Fds · High Div Yld3.8%
- Vanguard Index Fds · Growth ETF3.4%
- Fidelity Wise Origin Bitcoin3.1%
- Apple Inc.3.1%
- Litman Gregory Fds TR · Imgp Dbi Man ETF3.0%
- Vanguard Index Fds · SM CP Val ETF2.1%
- Nike Inc. · CL B2.0%
Together, the ten largest are 81.6% of reported value.
How many clients does Sky-Mountain Capital Management have?
Sky-Mountain Capital Management has 141 clients and manages $211 million for them, as of February 2026. They include 87 individual clients and 54 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 February 2026
What services does Sky-Mountain Capital Management offer?
Sky-Mountain Capital Management provides financial planning, portfolio management for individuals and small businesses, education planning, estate planning, insurance, philanthropic planning, retirement plan services, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Sky-Mountain Capital Management charge?
Sky-Mountain Capital Management charges 0.50%–1.00% a year for its Investment Management. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
Source: SKY MOUNTAIN CAPITAL MANAGEMENT ADV PART 2A, filed 26 February 2026
Which custodians does Sky-Mountain Capital Management use?
Sky-Mountain Capital Management’s separately managed account assets are held at National Financial Services LLC (Boston, MA), with $205M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 26 February 2026
How many financial advisors does Sky-Mountain Capital Management have?
Sky-Mountain Capital Management has 2 investment adviser representatives 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 Sky-Mountain Capital Management invest in?
At the end of its last fiscal year, Sky-Mountain Capital Management’s separately managed accounts held 75% registered funds (mutual funds, ETFs, BDCs), 14% exchange-traded equities, 8% cash and equivalents, 1% non-exchange-traded equities, 1% U.S. government and agency bonds and 1% other. The 1% other category is described as: Variable Annuity.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Sky-Mountain Capital Management?
Sky-Mountain Capital Management’s direct owner is Thomas Nelson (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 26 February 2026
How does Sky-Mountain Capital Management get paid?
Sky-Mountain 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 Sky-Mountain Capital Management registered with the SEC?
Yes, Sky-Mountain Capital Management has been registered with the SEC as an investment adviser since 11 March 2021. Its CRD number is 312915 and its SEC file number is 801-120497.
Source: Form ADV Part 1A, Item 1, filed 26 February 2026; IAPD firm record
How do I contact Sky-Mountain Capital Management?
Sky-Mountain Capital Management’s main office is at 251 Northwood Way, Suite H, Ketchum, ID 83340. Its phone number is 208-471-4261. Its website is sky-mountaincapital.com.