{
  "crd_number": 116185,
  "slug": "capital-cities-investments-indianapolis-in-116185",
  "primary_business_name": "CAPITAL CITIES INVESTMENTS",
  "legal_name": "CAPITAL CITIES INVESTMENTS",
  "dbas": [],
  "city": "Indianapolis",
  "state": "IN",
  "country": "United States",
  "cbsa_code": "26900",
  "metro": {
    "cbsa_code": "26900",
    "common_name": "Indianapolis",
    "msa_name": "Indianapolis-Carmel-Greenwood, IN",
    "path": "/advisors/in/indianapolis"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2008-08-27",
  "years_registered": 18,
  "period": "2026-10-01",
  "filing_date": "2026-04-01",
  "carried_forward": false,
  "raum_total": 287942391.0,
  "raum_discretionary": 287942391.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 16,
  "advisory_employees": 14,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 142274850.0,
      "count": 412
    },
    "high_net_worth_individuals": {
      "raum": 145667541.0,
      "count": 64
    }
  },
  "compensation_types": [
    "commissions",
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "CO",
    "FL",
    "IL",
    "IN",
    "LA",
    "MI",
    "NC",
    "NH",
    "NY",
    "TX",
    "VA",
    "VT"
  ],
  "websites": [
    "https://capitalcitiesinvestments.com",
    "https://cciadvisor.com",
    "https://communityinvestmentcounselors.com",
    "https://investcci.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/116185",
  "city_as_filed": "INDIANAPOLIS",
  "url": "https://advisorcensus.com/firm/capital-cities-investments-indianapolis-in-116185",
  "display_name": "Capital Cities Investments",
  "summary": "Capital Cities Investments is an SEC-registered investment advisory firm in Indianapolis, IN, registered since 2008, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 1, 2026.",
  "citation": "AdvisorCensus. Capital Cities Investments (CRD 116185): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)",
    "Commissions"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Pension consulting services"
  ],
  "quick_answers": [
    {
      "q": "How is Capital Cities Investments compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Capital Cities Investments reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); commissions."
    },
    {
      "q": "Where is Capital Cities Investments located?",
      "a": "Capital Cities Investments' principal office is in Indianapolis, IN, according to its Form ADV; the May 2026 filing also lists 3 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Capital Cities Investments registered with the SEC or a state?",
      "a": "Capital Cities Investments is an SEC-registered investment advisory firm, registered since 2008. Status as filed: Approved. CRD 116185."
    },
    {
      "q": "How much does Capital Cities Investments manage?",
      "a": "Capital Cities Investments reports $287,942,391 in regulatory assets under management in its Form ADV filing dated April 1, 2026 (100% discretionary)."
    },
    {
      "q": "How have Capital Cities Investments' assets and staff changed since 2021?",
      "a": "In the Form ADV data for Capital Cities Investments: Regulatory assets under management: $210,775,354 in the October 2021 data and $287,942,391 in the October 2026 data, up 37%. Total employees: 22 in October 2021 and 16 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Capital Cities Investments serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (412); high net worth individuals (64)."
    },
    {
      "q": "Which custodians does Capital Cities Investments use?",
      "a": "Capital Cities Investments' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Capital Cities Investments report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/116185"
    },
    {
      "q": "What changed in Capital Cities Investments' recent Form ADV filings?",
      "a": "In the May 2026 filing data: Employees performing advisory functions went from 15 to 14. Regulatory assets under management went from $251,443,578 to $287,942,391 (+15%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 210775354.0,
      "total_employees": 22,
      "filing_date": "2021-03-30"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 258438459.0,
      "total_employees": 27,
      "filing_date": "2022-09-22"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 211707355.0,
      "total_employees": 25,
      "filing_date": "2023-05-17"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 270546761.0,
      "total_employees": 25,
      "filing_date": "2024-03-14"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 251443578.0,
      "total_employees": 19,
      "filing_date": "2025-03-20"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 287942391.0,
      "total_employees": 16,
      "filing_date": "2026-04-01"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-05-01",
      "period_label": "May 2026",
      "notes": [
        "Employees performing advisory functions went from 15 to 14.",
        "Regulatory assets under management went from $251,443,578 to $287,942,391 (+15%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/capital-cities-investments-indianapolis-in-116185.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 412,
      "fewer_than_5": false,
      "raum": 142274850.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 64,
      "fewer_than_5": false,
      "raum": 145667541.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/116185",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}