# Appalachian Capital Management

> Appalachian Capital Management is an SEC-registered investment advisory firm in St. Clairsville, OH, registered since 2024, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 16, 2026.

- CRD: 120038
- Filed as: APPALACHIAN CAPITAL MANAGEMENT
- Legal name: Appalachian Capital Management Ltd
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: St. Clairsville, OH
- Filing period: October 2026
- Form ADV filing dated: March 16, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/120038
- AdvisorCensus page: https://advisorcensus.com/firm/appalachian-capital-management-st-clairsville-oh-120038

## Quick answers

**How is Appalachian Capital Management compensated?**
On its Form ADV (Item 5.E, October 2026), Appalachian Capital Management reports these compensation arrangements: a percentage of assets under its management.

**How much does Appalachian Capital Management charge?**
Its Form ADV Part 2A brochure dated February 13, 2026 states: Asset-based fee: 1% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Appalachian Capital Management located?**
Appalachian Capital Management's principal office is in St. Clairsville, OH, according to its Form ADV.

**Is Appalachian Capital Management registered with the SEC or a state?**
Appalachian Capital Management is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 120038.

**How much does Appalachian Capital Management manage?**
Appalachian Capital Management reports $175,316,177 in regulatory assets under management in its Form ADV filing dated March 16, 2026 (100% discretionary).

**How have Appalachian Capital Management's assets and staff changed since 2024?**
In the Form ADV data for Appalachian Capital Management: Regulatory assets under management: $132,350,002 in the October 2024 data and $175,316,177 in the October 2026 data, up 32%. Total employees: 3 in October 2024 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Appalachian Capital Management serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (291); high net worth individuals (50); charitable organizations (16).

**Which custodians does Appalachian Capital Management use?**
Appalachian Capital Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Appalachian Capital Management report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/120038

**Does Appalachian Capital Management state an account minimum?**
Its Form ADV Part 2A brochure dated February 13, 2026 says: "The Adviser requires a minimum relationship size of $250,000 for clients retaining Portfolio Management Services. This minimum is waived for IRA and Roth IRA accounts."

**What changed in Appalachian Capital Management's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 1 to 2.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated February 13, 2026)

- Asset-based fee: 1% of assets a year

> Our fee for portfolio management services is based on a percentage of your assets we manage at the annual rate of 1% of the market value of the managed portfolio.

- Account minimum: $250,000 (the brochure says it may be waived or negotiated)

> The Adviser requires a minimum relationship size of $250,000 for clients retaining Portfolio Management Services. This minimum is waived for IRA and Roth IRA accounts.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $175,316,177
- Discretionary: $175,316,177
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 291 | $60,911,341 |
| High net worth individuals | 50 | $109,595,776 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 1 | $180,626 |
| Charitable organizations | 16 | $4,628,434 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2024 (2 years)
- Employees: 4 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, OH, WV
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [appcapitalmgt.com](https://appcapitalmgt.com)
- Facebook facebook.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2024 | $132,350,002 | 3 | April 16, 2024 |
| October 2025 | $147,630,117 | 3 | February 24, 2025 |
| October 2026 | $175,316,177 | 4 | March 16, 2026 |

Regulatory assets under management: $132,350,002 in the October 2024 data and $175,316,177 in the October 2026 data, up 32%.
Total employees: 3 in October 2024 and 4 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 1 to 2.

### March 2026
- Regulatory assets under management went from $147,630,117 to $175,316,177 (+19%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Appalachian Capital Management (CRD 120038): Form ADV filing data as of October 2026.