Front Street Capital Management, Inc. logo

Front Street Capital Management, Inc.

Updated today

Client assets under management

$607,785,000

Clients

1,185

17% high-net-worth

Advisors

5

of 6 employees

Firm type

Team

5-30 advisors or >$500M in AUM

Clients per advisor

237

Very High

Average account size

$512,899

About

Front Street Capital Management provides discretionary portfolio management, fixed‑income management, mutual fund portfolio services, and financial consulting to a broad base of individual clients, including both non‑high‑net‑worth and high‑net‑worth individuals; the firm reports roughly $862 million in assets under management for about 1,185 client relationships. It also acts as investment adviser to a publicly registered mutual fund and accepts investment‑company clients in addition to its individual accounts.

The firm’s investment process emphasizes bottom‑up, fundamental and qualitative analysis aimed at long‑term capital appreciation, and applies a margin‑of‑safety valuation discipline within its Delano strategy. Depending on client objectives and suitability, strategies can include concentrated positions, option contracts on request, and the use of borrowing/margin in separately managed accounts.

Compared with many peers, Front Street has an unusually high client load per advisor (about 237 clients per advisor) and a mix of services that includes advising a mutual fund and other investment‑company clients. The firm discloses several atypical relationships — a licensed attorney on staff who advises on internal investments and related business ventures, beneficial ownership stakes in certain portfolio companies, and trustee roles for a pooled employee retirement plan — all of which the firm notes and addresses through its disclosure and governance policies.

Client services

Portfolio management Consulting

Expertise

Concentrated stock management Active portfolio management Options & derivatives strategies

Want help finding the right advisor?

Answer a few questions to see advisors matched to you.

Fee options

Fixed

$50 to $500 fixed fee arrangements for consulting services

Percentage

$0+: Equity Portfolio Management: typically 1% annually (minimum $100,000 recommended) $0+: Mutual Fund Portfolio Management: typically 0.375% annually (no minimum) $0+: Fixed Income Portfolio Management: typically 0.10% to 0.30% annually (minimum $100,000 recommended) $0+: Delano Portfolio Management: up to 1.0% annually (no minimum)

Project-based

$50 to $100 per hour

Other

Account minimum: $100,000 for Equity and Fixed Income Portfolio Management services; no minimum for Mutual Fund and Delano Portfolio Management services; no stated minimum for Consulting Services Fee-only: Investment advisory fees based on percentage of assets under management; no commissions charged by FSCM.

Main office location

Front Street Capital Management, Inc.

218 East Front Street, Suite 205

Missoula MT 59802, United States

Number of offices

1

Most active in

Arizona · California · Colorado · Florida · Idaho · Minnesota · Montana · Texas · Utah · Virginia · Washington

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Jeremy B

Series 65

Missoula, MT

Front Street Capital Management, Inc.

Jeremy Brown is a financial advisor with Front Street Capital Management, Inc. in Missoula, MT. He holds a Series 65 designation and has seven years of industry experience. Prior to joining Front Street Capital Management in 2016, he worked at Dorsey & Whitney LLP from 2009 to 2016. Front Street Capital Management is an SEC-registered investment adviser managing approximately $614 million. The firm provides discretionary portfolio management and consulting to individual clients, pension and charitable accounts, and investment company clients, including managing a publicly registered mutual fund. Their investment approach emphasizes a bottom-up, long-term fundamental and qualitative analysis of equities, offering distinct strategies across mutual funds, fixed income, and a conservative equity strategy called the Delano “margin of safety.”

Concentrated stock management Active portfolio management Options & derivatives strategies
user avatar

Dominic P

Series 65

Missoula, MT

Front Street Capital Management, Inc.

Dominic Piazza is a financial advisor at Front Street Capital Management, Inc. in Missoula, MT, holding a Series 65 designation with seven years of industry experience. He has been with Front Street Capital Management since 2015, with a brief period of extended travel from 2017 to 2018. Front Street Capital Management is an SEC-registered investment adviser managing approximately $614 million, serving individual clients, pension and charitable accounts, and investment company clients. The firm employs a bottom-up, long-term fundamental approach to equities and offers specialized strategies, including managing a publicly registered mutual fund, the Tarkio Fund.

Concentrated stock management Active portfolio management Options & derivatives strategies
user avatar

Michele B

Series 63, Series 66

Missoula, MT

Front Street Capital Management, Inc.

Michele Blood is a financial advisor at Front Street Capital Management, Inc. in Missoula, MT, holding Series 63 and Series 66 licenses with 23 years of industry experience. She has been with Front Street Capital Management since 2006. Front Street Capital Management is an SEC-registered investment adviser managing approximately $614 million, providing discretionary portfolio management and consulting services to individuals, pension and charitable accounts, and investment companies. The firm employs a bottom-up, long-term fundamental and qualitative approach to equities and serves as the investment manager to the publicly registered Tarkio Fund.

Concentrated stock management Active portfolio management Options & derivatives strategies
user avatar

Russell P

Series 63, Series 65

Missoula, MT

Front Street Capital Management, Inc.

Russell Piazza is a financial advisor with Front Street Capital Management, Inc. in Missoula, MT, holding Series 63 and Series 65 credentials and bringing 28 years of industry experience. He has been with Front Street Capital Management since 2006. Front Street Capital Management is an SEC-registered investment adviser managing approximately $614 million and offers discretionary portfolio management and consulting services to individuals, pension and charitable accounts, and investment company clients. The firm employs a bottom-up, long-term fundamental and qualitative approach to equities and serves as the investment manager to the Tarkio Fund, a publicly registered mutual fund.

Concentrated stock management Active portfolio management Options & derivatives strategies
user avatar

David W

Series 66

Missoula, MT

Front Street Capital Management, Inc.

David Wild is a financial advisor at Front Street Capital Management, Inc. in Missoula, MT, holding a Series 66 designation with 14 years of industry experience. He has been with Front Street Capital Management since 2010 and also serves as vice president, treasurer, and principal financial officer of the Clark Fork Trust (Tarkio Fund), for which Front Street Capital Management acts as advisor. Front Street Capital Management is an SEC-registered investment adviser managing approximately $614 million, providing discretionary portfolio management and consulting services to individuals, pension and charitable accounts, and investment companies. The firm employs a bottom-up, long-term fundamental and qualitative equity approach and serves as investment manager to the publicly registered Tarkio Fund.

Concentrated stock management Active portfolio management Options & derivatives strategies
Warmer team member

Not sure where to start?

We'll help you think it through — whether you ultimately need an advisor or not.

Warmer helps you compare advisors clearly — so you can choose with confidence.

Find your advisor
Discover

Compare top advisor firms by metric, firm size, and location.

Warmer provides personalized recommendations and introductions to independent fiduciary advisors. We do not supervise advisors, manage or hold assets, guarantee performance, or provide advice about specific investments.

Each advisor listed on our site is an independent fiduciary responsible for their own advice. Warmer may receive fees from advisors for participation or referrals; these fees are paid by advisors and do not affect the fees clients pay for advisory services.

For advisor listings, we rely on sources including public filings and data provided by advisors, and we cannot guarantee that all information is current or accurate. Please review an advisor's Form ADV and do your own diligence before entering into an advisory relationship.

By using our service, you agree to Warmer's Terms of Service and Advisory Agreement and Privacy Policy. Logos provided by Logo.dev

© 2026 Warmer Holdings Inc. ("Warmer")