Altamont Wealth Management is a registered investment advisor based in Livermore, California, offering personalized investment management and hourly financial planning services. Founded in 1996 and led by Elizabeth Mihalka, the firm focuses on building customized portfolios primarily using mutual funds and exchange-traded funds tailored to each client's specific objectives, such as growth, income, or capital appreciation. Altamont does not use pre-designed model portfolios and manages accounts on a non-discretionary basis, meaning clients approve all proposed trades. In addition to portfolio management, Altamont provides hourly financial advice covering isolated topics like estate planning, retirement planning, education planning, and general financial concerns. The firm typically works with individuals, families, trusts, and non-profits, maintaining a general relationship minimum of $1,000,000 in assets under management, though this minimum can be waived at the firm's discretion and does not apply to hourly consulting clients.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 1.00% |
| $1.0M - $1.5M | 0.85% |
| $1.5M - $2.5M | 0.75% |
| $2.5M - $5.0M | 0.65% |
| $5M+ | 0.55% |
Fees may be negotiable under unusual circumstances. Clients also pay a one-time setup fee of $1,000 to $2,000.