# David Shepard

> David Shepard is a fee-only financial advisor at Callahan Capital Management in Steamboat Springs, Colorado. Callahan Capital Management reports charging a percentage of assets on its Form ADV.

Page: https://find.wellspent.co/advisors/david-shepard/
Built from SEC adviser records; last checked October 30, 2026.

## Facts

- **Firm:** Callahan Capital Management
- **Based in:** Steamboat Springs, Colorado
- **Fee model (firm's Form ADV):** Percentage of assets
- **Assets under management (firm):** $217.5M across 1,248 accounts
- **CRD:** 5030899 (https://adviserinfo.sec.gov/individual/summary/5030899)
- **SEC registration:** Investment adviser representative in CO, TX
- **Exams passed:** Series 65 (2012)
- **Firm size:** 5 employees
- **Disclosures:** None reported
- **Website:** http://www.callahancapital.com

## Frequently asked questions

### Is David Shepard a fee-only financial advisor?

Yes, according to SEC records as of October 29, 2026: David holds no broker registration, and Callahan Capital Management reports no commissions, no broker-dealer, and no insurance sales or affiliated insurance agency on its Form ADV.

### How does David charge for financial advice?

David's firm, Callahan Capital Management, reports charging a percentage of assets on its SEC Form ADV.

### Where is David Shepard based?

David Shepard is based in Steamboat Springs, Colorado.

### Is David Shepard registered with the SEC?

Yes. David Shepard is registered as an investment adviser representative in CO and TX (CRD 5030899), per SEC Investment Adviser Public Disclosure data as of October 29, 2026.

### How much does Callahan Capital Management manage?

Callahan Capital Management reports $217.5M across 1,248 accounts in assets under management.

### How do I contact David Shepard?

Through David's website, www.callahancapital.com.

## Sources

- SEC adviser records (https://adviserinfo.sec.gov/individual/summary/5030899): the firm's Form ADV reports no commissions, no broker-dealer, and no insurance sales or affiliated insurance agency, and the advisor holds no broker registration
- SEC Investment Adviser Public Disclosure and Form ADV: registration, exams, and firm facts, data as of October 29, 2026

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Source: Wellspent, the public graph of fee-only advisors (https://find.wellspent.co). No paid placement.