Mentor Capital Management Inc.
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Mentor Capital Management Inc. is a fee-only investment advisory firm that primarily serves individual clients and also works with trusts, estates and other business entities. The firm offers ongoing wealth management (investment supervisory services), comprehensive financial planning, project-based and hourly consulting, and related advice on income tax, education and estate planning.
Its investment process combines fundamental analysis with a broad asset-allocation framework and emphasizes passive, low-cost index-based strategies for long-term holdings while permitting shorter-term trades when appropriate. Accounts are monitored as part of standard service, reviewed at least quarterly, and rebalanced periodically with tax and risk-management considerations folded into portfolio decisions.
Notably, the advisory team includes a licensed CPA who provides coordinated tax planning, stock-option and investment tax support and maintains an accounting-consulting practice that collaborates with the firm’s advisers—an affiliation that is uncommon among comparable team firms. The firm is independent and exclusively fee-only, managing roughly $226 million in client assets across discretionary and non-discretionary accounts, with most revenue coming from ongoing investment supervisory services.
Client services
Expertise
Occupation focus
Fee options
Annual flat fees based on complexity; typically paid in four equal installments
$0 - $500,000: 0.25% quarterly $500,001 - $1,000,000: 0.1875% quarterly $1,000,001+: 0.125% quarterly
Fees for hourly services are negotiated individually based on complexity and time spent
Fee-only: Fee-only financial planning and investment advisory services
Main office
823 W. Superior St., Unit C
Chicago IL 60642
Advisors at this office
4
Most active in
Texas
Also doing business as
Mentor Capital Management Inc. · Mentor Financial
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Advisors at this firm
Daniel K
Series 65
Chicago, IL
Mentor Capital Management Inc.
Daniel Kaster is a Series 65–registered advisor at Mentor Capital Management Inc. with two years of industry experience. Prior to joining Mentor Capital Management in 2023, he worked at Sagent Management from 2015 to 2023. Outside of his advisory role, he is the owner of Clear Ledger Consulting LLC, which provides bookkeeping services. Mentor Capital Management primarily serves individual clients through fee-only wealth management and financial planning, using fundamental analysis within a broad asset-allocation framework and favoring passive, low-expense, index-based strategies. The firm integrates tax and investment advice through an in-house licensed CPA and manages approximately $195 million in client assets.
John D
CFP®, Series 63, Series 65
Chicago, IL
Mentor Capital Management Inc.
John Davis is a CFP® with 28 years of industry experience and has been with Mentor Capital Management Inc. since 1992. He holds Series 63 and Series 65 licenses. Outside of his advisory work, he is part owner and treasurer of Elmhurst Tailgate Inc., a dog daycare and boarding business. Mentor Capital Management Inc. provides fee-only wealth management and financial planning services primarily for individual clients. The firm employs fundamental analysis within a broad asset-allocation framework, favoring passive, low-expense, index-based strategies for long-term holdings.
Daniel C
CFP®, Series 66
Chicago, IL
Mentor Capital Management Inc.
Daniel Carey is a CFP® with 17 years of industry experience and has been with Mentor Capital Management Inc. since 2007. He holds a Series 66 license and is based in Chicago, IL. Mentor Capital Management Inc. serves individual clients through fee-only wealth management and financial planning, offering services such as investment management, income tax planning, and estate-planning review. The firm employs a fundamental analysis approach within a broad asset-allocation framework, favoring passive, low-expense, index-based strategies for long-term holdings.
Sarah B
Series 65
Chicago, IL
Mentor Capital Management Inc.
Sarah Bodach is a Series 65-licensed financial advisor at Mentor Capital Management Inc. in Chicago, IL, with nine years at the firm and three years of industry experience. Prior to joining Mentor Capital Management, she was a homemaker for six years. Mentor Capital Management Inc. is a fee-only advisory firm serving individual clients, trusts, estates, and business entities. The firm focuses on long-term, low-cost index-based investing combined with fundamental analysis and a broad asset-allocation approach, offering services that include wealth management, financial planning, and tax-related advice.
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