# Stack Financial Management

Stack Financial Management is a Bank / Wealth / Trust based in Whitefish, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Whitefish, United States
- **Region:** North America
- **Address:** 625 Wisconsin Ave, Whitefish, MT 59937
- **Founded:** 1994
- **Assets under management:** $2.1B (per firm website)
- **Website:** www.stackfinancialmanagement.com
- **LinkedIn:** https://www.linkedin.com/company/stack-financial-management

## Regulatory record

- **CRD number:** 106785
- **SEC file number:** 801-45724
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-03-18T05:00:00.000Z
- **Reports private funds:** No
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/106785

## About

Stack Financial Management is an SEC-registered investment adviser in Whitefish, MT, registered since 1994. The firm manages $2.0 billion in regulatory assets. It has 14 employees and 7 investment advisers.

## Sectors

- Public Equities

## People

- James Stack — Founder & CEO
- Annell Danczyk — Vice President & Sr. Portfolio Manager
- Zach Jonson — Vice President & Chief Investment Officer
- Joe Laszewski — Sr. Portfolio Manager
- Cathy Hetrick — Managing Partner
- Lisa Stack — Managing Partner

## Questions

### Who runs investment decisions at Stack Financial Management?

Zach Jonson, CFA, serves as Vice President and Chief Investment Officer, leading an investment committee that includes Founder and CEO James Stack, Senior Portfolio Managers Annell Danczyk, CFA and Joe Laszewski, CFA/CPA, and other senior professionals. The committee makes discretionary asset allocation and security selection decisions guided by the firm's 'safety-first' risk-management framework.

### How does Stack Financial Management source proprietary deal flow?

Stack does not pursue private deal flow or alternative investments. The firm operates exclusively in public equity markets, sourcing investment opportunities through internal equity market research and security analysis. The portfolio management team's recommendations go directly to the investment committee, which sets the firm's concentrated equity strategies.

### Does Stack Financial Management participate in fund commitments or only direct equity portfolios?

Stack runs direct public-equity portfolios managed in-house. There is no indication in firm disclosures of fund-of-fund, private-fund commitments, or allocation to external alternative managers. The practice is built entirely around discretionary, concentrated equity mandates.

### What is Stack Financial Management's known posture on drawdowns and downside protection?

Downside risk management is the firm's defining investment principle. Stack describes its approach as 'safety-first,' built on historical market-risk assessment, with the objective of strong capital protection in declining markets and competitive participation in rising ones. Every portfolio is stress-tested against historical forces that have driven equity market drawdowns.

## Related profiles

- [Stacker Holdings](https://altss.com/profile/stacker-holdings)
- [Stadden Forbes Wealth Management](https://altss.com/profile/stadden-forbes-wealth-management)

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Last updated: 2026-06-03T20:00:00.000Z

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