# Capital Square, LLC

> 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.

- CRD: 286098
- Filed as: CAPITAL SQUARE, LLC
- Also doing business as: TOWN SQUARE WEALTH MANAGEMENT AND CONSULTING
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Athens, TN
- Filing period: October 2026
- Form ADV filing dated: August 15, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/286098
- AdvisorCensus page: https://advisorcensus.com/firm/capital-square-llc-athens-tn-286098

## Quick answers

**How is Capital Square, LLC compensated?**
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).

**How much does Capital Square, LLC charge?**
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.

**Where is Capital Square, LLC located?**
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).

**Is Capital Square, LLC registered with the SEC or a state?**
Capital Square, LLC is an SEC-registered investment advisory firm, registered since 2016. Status as filed: Approved. CRD 286098.

**How much does Capital Square, LLC manage?**
Capital Square, LLC reports $449,867,352 in regulatory assets under management in its Form ADV filing dated August 15, 2026 (100% discretionary).

**How have Capital Square, LLC's assets and staff changed since 2021?**
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.

**What types of clients does Capital Square, LLC serve?**
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).

**Does Capital Square, LLC 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/286098

**Does Capital Square, LLC state an account minimum?**
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."

**What changed in Capital Square, LLC's recent Form ADV filings?**
In the September 2026 filing data: Added an office in Orange Beach, AL.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 23, 2026)

- Asset-based fee: up to 2% of assets a year (the maximum the brochure states)

> 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.

- Account minimum: None

> At this time , Capital Square does not have a minimum account value to open or maintain an agreement.

- Minimum annual fee: None

> In addition, Capital Square does not have a minimum fee to open or maintain an agreement.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $449,867,352
- Discretionary: $449,867,352
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 587 | $176,050,132 |
| High net worth individuals | 117 | $251,860,935 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 8 | $7,455,548 |
| Charitable organizations | 3 | $14,500,737 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Educational seminars/workshops

### Firm details
- Registered since: 2016 (9 years)
- Employees: 11 total, 11 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AL, AR, AZ, CO, FL, GA, LA, MS, SC, TN, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Chattanooga, TN
- Fairhope, AL
- Gainesville, GA
- Little Rock, AR
- Orange Beach, AL
- Waco, TX

### Websites listed on Form ADV (Item 1.I)
- capitalsquare.biz
- capitalsquare.biz/mark-massey-lets-chat
- townsquareconsulting.com
- Facebook @capitalsquareinvestments
- Facebook @capitalsquarestacyeaton
- Facebook @capitalsquaresuzanneburrell
- LinkedIn @town-square-consulting-llc
- LinkedIn @clint-martin
- LinkedIn @jake-wallacetownsquare
- LinkedIn @mark-massey-623268153
- LinkedIn @rguyshelton
- LinkedIn @samuel-simpson-62a14b126
- LinkedIn @stacyeaton
- LinkedIn @suzanne-burrell-cfp®-92623527

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $261,265,885 | 8 | March 30, 2021 |
| October 2022 | $305,314,646 | 9 | April 26, 2022 |
| October 2023 | $301,390,454 | 10 | March 16, 2023 |
| October 2024 | $301,855,262 | 9 | March 20, 2024 |
| October 2025 | $393,648,522 | 10 | March 10, 2025 |
| October 2026 | $449,867,352 | 11 | August 15, 2026 |

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.

## Changes in the filing (last 12 months)

### September 2026
- Added an office in Orange Beach, AL.

### June 2026
- Added the business name Town Square Wealth Management and Consulting.

### April 2026
- Regulatory assets under management went from $393,648,522 to $449,867,352 (+14%).
- Employees performing advisory functions went from 10 to 11.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Capital Square, LLC (CRD 286098): Form ADV filing data as of October 2026.