AdvisorCensus / Financial advisors / Illinois / Chicago / Capital Gains Incorporated
Capital Gains Incorporated
Filed as CAPITAL GAINS INCORPORATED · Legal name Capital Gains Inc
Capital Gains Incorporated is an SEC-registered investment advisory firm in Niles, IL, registered since 1992, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated January 28, 2026.
Quick answers
From the filingHow is Capital Gains Incorporated compensated?
On its Form ADV (Item 5.E, October 2026), Capital Gains Incorporated reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).
Where is Capital Gains Incorporated located?
Capital Gains Incorporated's principal office is in Niles, IL, according to its Form ADV.
Is Capital Gains Incorporated registered with the SEC or a state?
Capital Gains Incorporated is an SEC-registered investment advisory firm, registered since 1992. Status as filed: Approved. CRD 111717.
How much does Capital Gains Incorporated manage?
Capital Gains Incorporated reports $166,571,646 in regulatory assets under management in its Form ADV filing dated January 28, 2026 (100% discretionary).
How have Capital Gains Incorporated's assets and staff changed since 2021?
In the Form ADV data for Capital Gains Incorporated: Regulatory assets under management: $142,817,573 in the October 2021 data and $166,571,646 in the October 2026 data, up 17%. Total employees: 1 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Capital Gains Incorporated serve?
By number of clients on Form ADV Item 5.D: state or municipal government entities (including government pension plans) (7); pension and profit sharing plans (but not the plan participants or government pension plans) (2).
Which custodians does Capital Gains Incorporated use?
Capital Gains Incorporated's 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.
Does Capital Gains Incorporated report any disciplinary disclosures?
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/111717
Does Capital Gains Incorporated state an account minimum?
Its Form ADV Part 2A brochure dated January 28, 2026 says: "Capital Gains’ minimum account size is $100,000."
What changed in Capital Gains Incorporated's recent Form ADV filings?
In the February 2026 filing data: Regulatory assets under management went from $126,695,848 to $166,571,646 (+31%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Fixed fees (other than subscription fees)
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAccount minimum: $100,000
The brochure's wording
Capital Gains’ minimum account size is $100,000.
As stated in the firm's Form ADV Part 2A brochure dated January 28, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$166,571,646 as of October 2026, filing dated January 28, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
Registration and firm details
Items 1, 2, 5- Legal name
- Capital Gains Inc
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 1992 (34 years)
- Employees
- Total: 3. Performing investment advisory functions: 1.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
-
1 state or jurisdiction
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $166,571,646 | 3 | January 28, 2026 |
| October 2025 | $126,695,848 | 3 | January 23, 2025 |
| October 2024 | $100,900,000 | 1 | February 20, 2024 |
| October 2023 | $65,942,681 | 1 | February 17, 2023 |
| October 2022 | $114,674,239 | 1 | February 9, 2022 |
| October 2021 | $142,817,573 | 1 | February 23, 2021 |
Regulatory assets under management: $142,817,573 in the October 2021 data and $166,571,646 in the October 2026 data, up 17%.
Total employees: 1 in October 2021 and 3 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- February 2026
- Regulatory assets under management went from $126,695,848 to $166,571,646 (+31%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Capital Gains Incorporated (CRD 111717): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/capital-gains-incorporated-niles-il-111717