Steamboat Springs, CO Office

Keating Investment Counselors provides discretionary and non-discretionary portfolio management and advisory consulting primarily to individual clients (including high-net-worth individuals), trusts, estates and pension plans, and — unusually for its firm size — to investment companies. The firm generally charges fees based on assets under management and also offers limited hourly consulting services.

The firm follows a “growth‑at‑a‑reasonable‑price” investment philosophy, combining fundamental analysis with charting tools to identify long‑term, cash‑generative companies across large‑ and mid‑cap (and select small‑cap) holdings, and it treats cash as an asset class when constructing and rebalancing portfolios. Portfolio supervision is ongoing and tailored to client objectives, with considerations for tax, liquidity and both discretionary and non‑discretionary mandates.

Keating is distinctive among peers for serving investment company clients and for acting as sub‑adviser and co‑manager of the Keating Active ETF, a vehicle it may use in separate managed accounts while excluding the ETF from client billing to address conflicts of interest. The firm discloses a past regulatory order related to state registration (resolved in 2017) and maintains an affiliation with another state‑registered adviser and a limited referral arrangement, each of which the firm says it addresses through written policies and disclosures.