Capstone Advisory Group LLC

CRD#153443
Investment Advisor Firm

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Overview

Capstone Advisory Group LLC is a financial advisor company located in Minneapolis, Minnesota. The firm handles $422.4 million in total assets across 5,120 client accounts, placing it among the larger firms in the nation by assets under management (AUM). It has a small team of seven employees, of which six are financial advisors. Capstone Advisory Group LLC is not a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its accounts and those of its clients and instead is required to go through a broker-dealer firm to do so. Securities are exchangable fiscal assets such as bonds, equities and options.

Capstone Advisory Group LLC administers 799 of the firm's client assets in a discretionary manner. Discretionary management is a structure in which an investment advisor makes transaction choices for the client's account without requiring client approval. Capstone Advisory Group LLC also oversees 4,321 non-discretionary accounts totaling $295.7 million in assets under management. The advisory firm's average account size is $82,501. The typical financial advisor at Capstone Advisory Group LLC manages about 853 client accounts.

The firm's headquarters is at 7701 France Ave S, Minneapolis, Minnesota 55435. The firm is legally allowed to provide services to customers throughout a number of states, including Arizona, Minnesota, Texas and Wisconsin.

Assets Under Management

$422.4 million

Number of Advisors

6

Fee Structure

Asset-based, Hourly, Fixed, Other

Disclosures

No

Office Location

7701 France Ave S
Minneapolis, MN 55435

Capstone Advisory Group LLC by the Numbers

Total Assets Under Management

$422.4 million

National Average: $3.3 billion
Total Number of Employees

7

National Average: 4,943
Total Number of Accounts

5,120

National Average: 2,522
Average Account Size

$82.5 thousand

National Average: $1.3 million

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Products and Services

Capstone Advisory Group LLC provides multiple financial services, including financial planning services, portfolio management for individuals and small businesses, pension consulting services and selection of other advisers. In the prior financial year, the firm provided 1-10 of its clients with financial planning services. It does not sell products or offer services apart from investment advice to its investment advisory customers.

Core Advisor Services

  • Offered by 45% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 63% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

  • Find a firm that offers this service

    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 23% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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    Publication of Periodicals

    This is the publication of various financial education materials.

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    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Fees charged by financial advisors vary depending on which services the firm provides the client. However, fees billed by the firm may include any combination of the following fee structures: asset-based, hourly, fixed or other. The firm does not supply a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.

Available

  • Offered by 75% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 37% of firms

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Offered by 40% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Offered by 12% of firms

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

Unavailable

  • Find one of the 3% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 17% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

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Types of Clients

The firm provides services to retail investors, high net worth investors, pension plans and charitable organizations. Out of its 5,120 accounts, Capstone Advisory Group LLC's largest client group by number of accounts is retail investors, though it also manages money for 114 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers reside abroad.

  • High-Net-Worth Individuals* - 14.11%
  • Other Individuals - 80.32%
  • Corporations - 5.32%
  • Charitable Organizations - 0.25%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Capstone Advisory Group LLC does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA