{
  "crd_number": 286098,
  "slug": "capital-square-llc-athens-tn-286098",
  "primary_business_name": "CAPITAL SQUARE, LLC",
  "legal_name": "CAPITAL SQUARE, LLC",
  "dbas": [
    "TOWN SQUARE WEALTH MANAGEMENT AND CONSULTING"
  ],
  "city": "Athens",
  "state": "TN",
  "country": "United States",
  "cbsa_code": "11940",
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2016-12-16",
  "years_registered": 9,
  "period": "2026-10-01",
  "filing_date": "2026-08-15",
  "carried_forward": false,
  "raum_total": 449867352.0,
  "raum_discretionary": 449867352.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 11,
  "advisory_employees": 11,
  "client_count_bucket": null,
  "clients_by_type": {
    "charitable": {
      "raum": 14500737.0,
      "count": 3
    },
    "individuals": {
      "raum": 176050132.0,
      "count": 587
    },
    "pension_profit_sharing": {
      "raum": 7455548.0,
      "count": 8
    },
    "high_net_worth_individuals": {
      "raum": 251860935.0,
      "count": 117
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "financial_planning",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AL",
    "AR",
    "AZ",
    "CO",
    "FL",
    "GA",
    "LA",
    "MS",
    "SC",
    "TN",
    "TX"
  ],
  "websites": [
    "https://capitalsquare.biz",
    "https://capitalsquare.biz/mark-massey-lets-chat",
    "https://facebook.com/capitalsquareinvestments",
    "https://facebook.com/capitalsquarestacyeaton",
    "https://facebook.com/capitalsquaresuzanneburrell",
    "https://linkedin.com/company/town-square-consulting-llc",
    "https://linkedin.com/in/clint-martin",
    "https://linkedin.com/in/jake-wallacetownsquare",
    "https://linkedin.com/in/mark-massey-623268153",
    "https://linkedin.com/in/rguyshelton",
    "https://linkedin.com/in/samuel-simpson-62a14b126",
    "https://linkedin.com/in/stacyeaton",
    "https://linkedin.com/in/suzanne-burrell-cfp%C2%AE-92623527",
    "https://townsquareconsulting.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/286098",
  "city_as_filed": "ATHENS",
  "url": "https://advisorcensus.com/firm/capital-square-llc-athens-tn-286098",
  "display_name": "Capital Square, LLC",
  "summary": "Capital Square, LLC is an SEC-registered investment advisory firm in Athens, TN, registered since 2016, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated August 15, 2026.",
  "citation": "AdvisorCensus. Capital Square, LLC (CRD 286098): 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)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Educational seminars/workshops"
  ],
  "quick_answers": [
    {
      "q": "How is Capital Square, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Capital Square, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Capital Square, LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated March 23, 2026 states: Asset-based fee: up to 2% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Capital Square, LLC located?",
      "a": "Capital Square, LLC's principal office is in Athens, TN, according to its Form ADV; the September 2026 filing also lists 6 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Capital Square, LLC registered with the SEC or a state?",
      "a": "Capital Square, LLC is an SEC-registered investment advisory firm, registered since 2016. Status as filed: Approved. CRD 286098."
    },
    {
      "q": "How much does Capital Square, LLC manage?",
      "a": "Capital Square, LLC reports $449,867,352 in regulatory assets under management in its Form ADV filing dated August 15, 2026 (100% discretionary)."
    },
    {
      "q": "How have Capital Square, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Capital Square, LLC: Regulatory assets under management: $261,265,885 in the October 2021 data and $449,867,352 in the October 2026 data, up 72%. Total employees: 8 in October 2021 and 11 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Capital Square, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (587); high net worth individuals (117); pension and profit sharing plans (but not the plan participants or government pension plans) (8)."
    },
    {
      "q": "Does Capital Square, LLC 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/286098"
    },
    {
      "q": "Does Capital Square, LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 23, 2026 says: \"At this time , Capital Square does not have a minimum account value to open or maintain an agreement.\""
    },
    {
      "q": "What changed in Capital Square, LLC's recent Form ADV filings?",
      "a": "In the September 2026 filing data: Added an office in Orange Beach, AL."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 261265885.0,
      "total_employees": 8,
      "filing_date": "2021-03-30"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 305314646.0,
      "total_employees": 9,
      "filing_date": "2022-04-26"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 301390454.0,
      "total_employees": 10,
      "filing_date": "2023-03-16"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 301855262.0,
      "total_employees": 9,
      "filing_date": "2024-03-20"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 393648522.0,
      "total_employees": 10,
      "filing_date": "2025-03-10"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 449867352.0,
      "total_employees": 11,
      "filing_date": "2026-08-15"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-09-01",
      "period_label": "September 2026",
      "notes": [
        "Added an office in Orange Beach, AL."
      ]
    },
    {
      "period": "2026-06-01",
      "period_label": "June 2026",
      "notes": [
        "Added the business name Town Square Wealth Management and Consulting."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $393,648,522 to $449,867,352 (+14%).",
        "Employees performing advisory functions went from 10 to 11."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 23, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": "2% of assets a year",
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": "None",
    "planning_fees": [],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: up to 2% of assets a year (the maximum the brochure states)"
        ],
        "quotes": [
          "Capital Square bases its fees on a percentage of assets under management. Capital Square’s fees are negotiable. The maximum annual fee will be 2% of assets under management."
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "At this time , Capital Square does not have a minimum account value to open or maintain an agreement."
        ]
      },
      {
        "label": "Minimum annual fee",
        "statements": [
          "Minimum annual fee: None"
        ],
        "quotes": [
          "In addition, Capital Square does not have a minimum fee to open or maintain an agreement."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": 2.0,
      "account_minimum": 0.0,
      "minimum_annual_fee": 0.0,
      "planning": []
    },
    "quotes": [
      "Capital Square bases its fees on a percentage of assets under management. Capital Square’s fees are negotiable. The maximum annual fee will be 2% of assets under management.",
      "At this time , Capital Square does not have a minimum account value to open or maintain an agreement.",
      "In addition, Capital Square does not have a minimum fee to open or maintain an agreement."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/capital-square-llc-athens-tn-286098.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 587,
      "fewer_than_5": false,
      "raum": 176050132.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 117,
      "fewer_than_5": false,
      "raum": 251860935.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 8,
      "fewer_than_5": false,
      "raum": 7455548.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 3,
      "fewer_than_5": false,
      "raum": 14500737.0
    }
  ],
  "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/286098",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}