{"url":"https://nivawealth.com/firms/tieton-capital-management-135769","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/135769","regulatoryAum":313981362,"crd":"135769","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"2408858","suffix":"CFA","lastName":"DEZELLEM","firstName":"WILLIAM","middleName":"JOSEPH"},{"crd":"4571985","suffix":null,"lastName":"DHANE","firstName":"MATTHEW","middleName":"WALTER"}],"total":2,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-02","regulatoryAum":157003960,"clients":45,"employees":2,"offices":1},{"filedOn":"2022-03-14","regulatoryAum":202192000,"clients":44,"employees":3,"offices":1},{"filedOn":"2023-03-07","regulatoryAum":170222000,"clients":45,"employees":3,"offices":1},{"filedOn":"2024-03-22","regulatoryAum":194703811,"clients":46,"employees":2,"offices":1},{"filedOn":"2025-03-28","regulatoryAum":269217733,"clients":48,"employees":3,"offices":1},{"filedOn":"2026-03-17","regulatoryAum":313981362,"clients":47,"employees":3,"offices":1}],"secFileNumber":"801-66657","legalName":"Tieton 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Member","crd":"4571985"}],"ownership":[{"label":"William Dezellem","detail":"President, chief investment officer, chief compliance officer & managing member in the 75% or more ownership band and a control person, since June 2005."},{"label":"Matthew Dhane","detail":"Portfolio manager, principal & member in the 10% to 25% ownership band and a control person, since January 2014."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Washington","offices":1,"addresses":[{"street":"4700 Tieton Drive, Suite C","city":"Yakima","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"509-965-6488","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for investment companies","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":92},{"label":"Securities issued by registered investment companies or business development companies","percent":6},{"label":"Cash and cash equivalents","percent":2}],"privateFunds":0},"sources":{"adv1FilingDate":"17 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/135769/PDF/135769.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Tieton Capital Management have?","answer":"Tieton Capital Management has 47 clients and manages $314 million for them, as of March 2026. They include 31 individual clients, 14 high-net-worth individuals and 1 investment company.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 17 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Tieton Capital Management offer?","answer":"Tieton Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, and portfolio management for institutions.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Tieton Capital Management use?","answer":"Tieton Capital Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $90.7M, The Bank of New York Mellon (New York, NY), with $77.9M, State Street and Trust Company (Quincy, MA), with $58.5M and Fidelity Brokerage Services LLC (Boston, MA), with $43M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 17 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Tieton Capital Management have?","answer":"Tieton Capital Management has 2 investment adviser representatives registered with state securities authorities, out of 3 employees, and 2 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Tieton Capital Management invest in?","answer":"At the end of its last fiscal year, Tieton Capital Management’s separately managed accounts held 92% exchange-traded equities, 6% registered funds (mutual funds, ETFs, BDCs) 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Tieton Capital Management?","answer":"Tieton Capital Management’s direct owners are William Dezellem (75% or more) and Matthew Dhane (10% to 25%).","source":"Form ADV Part 1A, Schedules A and B, filed 17 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Tieton Capital Management get paid?","answer":"Tieton 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Tieton Capital Management?","answer":"Tieton Capital Management’s main office is at 4700 Tieton Drive, Suite C, Yakima, WA 98908-3480. 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Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}