# Capital Analysts

> Capital Analysts is an SEC-registered investment advisory firm in Fort Washington, PA, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 20, 2026.

- CRD: 162200
- Filed as: CAPITAL ANALYSTS
- Legal name: Capital Analysts, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Fort Washington, PA
- Filing period: October 2026
- Form ADV filing dated: July 20, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/162200
- AdvisorCensus page: https://advisorcensus.com/firm/capital-analysts-fort-washington-pa-162200

## Quick answers

**How is Capital Analysts compensated?**
On its Form ADV (Item 5.E, October 2026), Capital Analysts reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Capital Analysts located?**
Capital Analysts' principal office is in Fort Washington, PA, according to its Form ADV; the August 2026 filing also lists 25 other offices (Schedule D, Section 1.F).

**Is Capital Analysts registered with the SEC or a state?**
Capital Analysts is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 162200.

**How much does Capital Analysts manage?**
Capital Analysts reports $8,769,033,123 in regulatory assets under management in its Form ADV filing dated July 20, 2026 (98% discretionary).

**How have Capital Analysts' assets and staff changed since 2021?**
In the Form ADV data for Capital Analysts: Regulatory assets under management: $6,058,742,968 in the October 2021 data and $8,769,033,123 in the October 2026 data, up 45%. Total employees: 671 in October 2021 and 679 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Capital Analysts serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (12,569); high net worth individuals (3,042); corporations or other businesses not listed above (119).

**Which custodians does Capital Analysts use?**
Capital Analysts' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Pershing LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Capital Analysts report any disciplinary disclosures?**
Reports 6 disclosure items on Form ADV Item 11: yes answers to 11.A(2) (felony charge in the past ten years), 11.C(1) (SEC or CFTC finding of a false statement or omission), 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order), and 11.D(2) (another regulator's finding of a violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/162200

**What changed in Capital Analysts' recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 725 to 667. Added an office in Atlanta, GA. Added an office in Jacksonville, FL. Added an office in Joliet, IL. Added an office in Worcester, MA. No longer lists an office in Bohemia, NY. No longer lists an office in Cranford, NJ. No longer lists an office in Waltham, MA. No longer lists an office in Wexford, PA.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Custodians (Schedule D, Section 5.K(3))
- Pershing LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $8,769,033,123
- Discretionary: $8,557,268,484
- Non-discretionary: $211,764,639

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 12,569 | $3,816,363,174 |
| High net worth individuals | 3,042 | $4,614,870,769 |
| Banking or thrift institutions | Fewer than 5 | Not reported |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 87 | $100,201,376 |
| Charitable organizations | 23 | $29,460,798 |
| State or municipal government entities (including government pension plans) | Fewer than 5 | Not reported |
| Other investment advisers | Fewer than 5 | Not reported |
| Insurance companies | Fewer than 5 | Not reported |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | Not reported |
| Corporations or other businesses not listed above | 119 | $208,137,006 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2012 (14 years)
- Employees: 679 total, 667 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV
- Disclosures (Item 11): Reports 6 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.A(2): In the past ten years, has the firm or an advisory affiliate been charged with a felony?
- 11.C(1): Has the SEC or the CFTC ever found that the firm or an advisory affiliate made a false statement or omission?
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/162200

### Other offices (Schedule D, Section 1.F), as of the August 2026 filing
- Albemarle, NC
- Amherst, NY
- Atlanta, GA
- Bethlehem, PA
- Braintree, MA
- Carmel, IN
- Cleveland, OH
- Farmington Hills, MI
- Horsham, PA
- Independence, OH
- Jacksonville, FL
- Joliet, IL
- Land O Lakes, FL
- Lombard, IL
- Lutz, FL
- Marlton, NJ
- Phoenix, AZ
- Renton, WA
- Rochester, NY
- Royal Oak, MI
- Shaker Heights, OH
- Syracuse, NY
- Tallahassee, FL
- Woodland Hills, CA
- Worcester, MA

### Websites listed on Form ADV (Item 1.I)
- [capitalanalysts.com](https://capitalanalysts.com)
- [lincolninvestment.com](https://lincolninvestment.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $6,058,742,968 | 671 | March 30, 2021 |
| October 2022 | $7,080,278,201 | 682 | August 31, 2022 |
| October 2023 | $6,286,886,486 | 682 | March 31, 2023 |
| October 2024 | $7,095,906,836 | 705 | April 18, 2024 |
| October 2025 | $8,713,202,466 | 739 | March 31, 2025 |
| October 2026 | $8,769,033,123 | 679 | July 20, 2026 |

Regulatory assets under management: $6,058,742,968 in the October 2021 data and $8,769,033,123 in the October 2026 data, up 45%.
Total employees: 671 in October 2021 and 679 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 725 to 667.
- Added an office in Atlanta, GA.
- Added an office in Jacksonville, FL.
- Added an office in Joliet, IL.
- Added an office in Worcester, MA.
- No longer lists an office in Bohemia, NY.
- No longer lists an office in Cranford, NJ.
- No longer lists an office in Waltham, MA.
- No longer lists an office in Wexford, PA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Capital Analysts (CRD 162200): Form ADV filing data as of October 2026.