Investment Professionals
Justin R. Apt, CFA
Managing Principal

Justin R. Apt, is the Managing Principal of Private Capital Management. He oversees the firm operation, and helps to shape its strategy, culture, and vision. Justin also has a passion for research, and working with clients to help them achieve their goals. He is a member of the Private Capital Management Investment Committee, and contributes to the fundamental research and quantitative analysis work of the firm. Prior to joining Private Capital Management, Justin was an investment committee member, Portfolio Manager and Head Trader at Palo Alto-based Nelson Capital Management, LLC, a wholly owned subsidiary of Wells Fargo. Preceding his time with Nelson Capital, he was an investment committee member and Head Trader with Beekman Capital Management, LLC in Santa Fe, NM.  

A native of Denver, he has a Bachelor of Science in Business Administration and a Bachelor of Accounting from The Daniels College of Business at the University of Denver. Having passed all three exams on his first attempt, Justin is a Chartered Financial Analyst® (CFA) charterholder and a member of the CFA Institute and CFA Society of Colorado. 

Justin Apt

Giles R. A. Fox, CFA
Senior Vice President, Senior Research Analyst

Giles is a Senior Vice President, Senior Research Analyst and member of the Investment Committee. His primary role includes investment research and analysis, maintaining our quantitative model, financial planning and working with clients. Prior to joining Private Capital Management in 2012, Giles was the founder of his own Denver-based investment firm, Fox Investment Advisors. Previously, Giles spent ten years at Denver Investments as a Portfolio Manager and Equity Analyst, and was a Partner and Portfolio Manager at Tempest Investment Counselors until it merged into Denver Investments.

Giles holds a Bachelor of Arts from the University of Western Ontario, a Masters in Business Administration from The University of Virginia and is a Chartered Financial Analyst® (CFA) charterholder. Giles is a member of the CFA Institute and a member and past president of the CFA Society of Colorado. Giles is involved in several local not-for-profit boards, including The University Club and The Denver Ballet Guild Endowment, where he currently serves as President. 

Giles R. A. Fox



John Holtkamp, CFA, CFP®
Senior Vice President, Senior Investment Advisor

John is a Senior Vice President, Senior Investment Advisor, and a member of the Investment Committee with Private Capital Management. His primary role includes working with clients, financial planning, conducting investment research and analysis, and helping to maintain Private Capital Management’s quantitative ranking system. Prior to joining Private Capital Management in 2014, John was a Portfolio Consultant with Schwab Private Client Investment Advisory in Englewood, Colorado. His primary responsibilities included asset allocation, investment advice and wealth management.
 
John holds a Bachelor of Arts in Economics from the University of California, Davis and a Masters in Business Administration from the University of Oregon. John is a CERTIFIED FINANCIAL PLANNERTM practitioner, a Chartered Financial Analyst®(CFA) charterholder, and is a member of the CFA Institute and the CFA Society of Colorado. While at the University of California, Davis, John played baseball and was a 1st and 2nd Team All California Collegiate Athletic Association Pitcher. 

 John Holtkamp

Aaron Anderson, CFP®
Senior Vice President, Senior Investment Advisor

Aaron is a Senior Vice President, Senior Investment Advisor and member of the Investment Committee. His primary role includes working with clients, investment research and analysis, financial planning and helping maintain our quantitative ranking system. Prior to joining Private Capital Management, Aaron worked at CoBiz Wealth as a Senior Wealth Strategist and Portfolio Manager where he focused on delivering individualized wealth and investment strategies for high net worth clients and business owners. Aaron began his career in 2006 with AXA Advisors working with clients in the non-profit arena.  

Aaron holds a Bachelor of Arts from Colorado Christian University and a Masters in Business Administration from California Lutheran University. Aaron is a CERTIFIED FINANCIAL PLANNERTM practitioner and a member of the Financial Planning Association of Colorado. Aaron also maintains a Charted Life Underwriter (CLU) designation from the American College of Financial Planning. 

Aaron Anderson

Kevin McCulley, CFA, CFP®
Senior Vice President, Senior Investment Advisor

Kevin is a Senior Vice President, Senior Investment Advisor, and a member of the Investment Committee. His primary role is to provide financial planning and investment management services to our clients. Prior to joining Private Capital Management, Kevin was a Senior Vice President, Senior Investment Advisor at Cherry Hills Investment Advisors. Previously, Kevin was a Vice President, Wealth Manager at Harbor Financial Group, Inc. Kevin is also a CERTIFIED FINANCIAL PLANNERTM practitioner and a Chartered Financial Analyst®(CFA) charterholder.

Kevin holds a Bachelor of Arts in International Affairs from the University of Colorado, Boulder. He is a member of the CFA Society of Colorado and CFA Institute. He has also served on the University of Colorado International Affairs Advisory Board. 

Kevin McCulley 

Melanie Palmer, CFP® 
Vice President, Financial Planner/Portfolio Manager
Melanie is a Vice President, Financial Planner/Portfolio Manager and a member of the Investment Committee. Her primary role is to work closely with clients to create customized financial plans to help them reach their financial goals. Prior to joining Private Capital Management, Melanie was a Portfolio Manager at Asset One, LLC in Greenwood Village, Colorado where she co-managed over $500 million in assets and was responsible for investment research, security selection and portfolio construction. Previously, Melanie was a Senior Financial Planner at Ayco, a Goldman Sachs Company in Dallas, Texas, where she worked with senior level executives of Fortune 500 companies to provide comprehensive financial planning. 

Melanie holds a Bachelor of Science in Finance from Texas Tech University. She has been a CERTIFIED FINANCIAL PLANNERTM practitioner since 2010.

Melanie Palmer 

Parker Cleveland
Investment Advisor
Parker is an Investment Advisor, and a member of the Investment Committee with Private Capital Management. His primary role includes working with clients, and conducting investment research and analysis. 

A native of Denver, Parker holds a Bachelor of Arts in Economics from the University of Colorado, Boulder and graduated Phi Beta Kappa. Parker passed the Series 65 Uniform Investment Adviser Law Examination which covers laws, regulations, ethics and topics such as retirement planning, portfolio management strategies and fiduciary responsibilities, and he is an Investment Adviser Representative. He is also a 2016 Level I Candidate in the CFA® Program.


Parker Cleveland 


250 Steele Street, Suite 350 Denver, Colorado 80206  Phone: 303.370.0055
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