{ "crd_number": 14169, "slug": "capitol-securities-management-inc-glen-allen-va-14169", "primary_business_name": "CAPITOL SECURITIES MANAGEMENT, INC.", "legal_name": "CAPITOL SECURITIES MANAGEMENT, INC.", "dbas": [], "city": "Glen Allen", "state": "VA", "country": "United States", "cbsa_code": "40060", "metro": { "cbsa_code": "40060", "common_name": "Richmond", "msa_name": "Richmond, VA", "path": "/advisors/va/richmond" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "1992-03-16", "years_registered": 34, "period": "2026-10-01", "filing_date": "2026-03-31", "carried_forward": false, "raum_total": 2162366778.0, "raum_discretionary": 1842954253.0, "raum_non_discretionary": 319412525.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 170, "advisory_employees": 126, "client_count_bucket": null, "clients_by_type": { "other": { "raum": 697986079.0, "count": 725, "description": "TRUSTS/ESTATES/JOINT ACCNTS" }, 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"https://adviserinfo.sec.gov/firm/summary/14169", "disclosure_items": [ { "item": "11.A(2)", "question": "In the past ten years, has the firm or an advisory affiliate been charged with a felony?" }, { "item": "11.B(1)", "question": "In the past ten years, has the firm or an advisory affiliate been convicted of, or pleaded guilty or no contest to, a misdemeanor involving investments or an investment-related business, fraud, false statements or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, extortion, or a conspiracy to commit any of these?" }, { "item": "11.C(1)", "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate made a false statement or omission?" }, { "item": "11.C(2)", "question": "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?" }, { "item": "11.C(4)", "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?" }, { "item": "11.C(5)", "question": "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?" }, { "item": "11.D(2)", "question": "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?" }, { "item": "11.D(4)", "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?" }, { "item": "11.E(1)", "question": "Has a self-regulatory organization (such as FINRA) or a commodities exchange ever found that the firm or an advisory affiliate made a false statement or omission?" }, { "item": "11.E(2)", "question": "Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?" }, { "item": "11.E(4)", "question": "Has a self-regulatory organization or a commodities exchange ever disciplined the firm or an advisory affiliate by expelling or suspending it from membership, barring or suspending it from association with other members, or otherwise restricting its activities?" } ], "city_as_filed": "GLEN ALLEN", "url": "https://advisorcensus.com/firm/capitol-securities-management-inc-glen-allen-va-14169", "display_name": "Capitol Securities Management, Inc.", "summary": "Capitol Securities Management, Inc. is an SEC-registered investment advisory firm in Glen Allen, VA, registered since 1992, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.", "citation": "AdvisorCensus. Capitol Securities Management, Inc. (CRD 14169): 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", "Portfolio management for businesses (other than small businesses) or institutional clients", "Pension consulting services", "Selection of other advisers (including private fund managers)", "Educational seminars/workshops" ], "quick_answers": [ { "q": "How is Capitol Securities Management, Inc. compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Capitol Securities Management, Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)." }, { "q": "Where is Capitol Securities Management, Inc. located?", "a": "Capitol Securities Management, Inc.'s principal office is in Glen Allen, VA, according to its Form ADV; the April 2026 filing also lists 24 other offices (Schedule D, Section 1.F)." }, { "q": "Is Capitol Securities Management, Inc. registered with the SEC or a state?", "a": "Capitol Securities Management, Inc. is an SEC-registered investment advisory firm, registered since 1992. Status as filed: Approved. CRD 14169." }, { "q": "How much does Capitol Securities Management, Inc. manage?", "a": "Capitol Securities Management, Inc. reports $2,162,366,778 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (85% discretionary)." }, { "q": "How have Capitol Securities Management, Inc.'s assets and staff changed since 2021?", "a": "In the Form ADV data for Capitol Securities Management, Inc.: Regulatory assets under management: $1,094,574,278 in the October 2021 data and $2,162,366,778 in the October 2026 data, up 98%. Total employees: 185 in October 2021 and 170 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Capitol Securities Management, Inc. serve?", "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,890); high net worth individuals (1,287); other (725)." }, { "q": "Which custodians does Capitol Securities Management, Inc. use?", "a": "Capitol Securities Management, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Raymond James Financial Services, Inc. as a custodian holding 10% or more of its separately managed account assets." }, { "q": "Does Capitol Securities Management, Inc. report any disciplinary disclosures?", "a": "Reports 11 disclosure items on Form ADV Item 11: yes answers to 2 questions about criminal matters and 9 questions about regulatory matters (11.A(2), 11.B(1), 11.C(1), 11.C(2), 11.C(4), 11.C(5), 11.D(2), 11.D(4), 11.E(1), 11.E(2), 11.E(4)). 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/14169" }, { "q": "What changed in Capitol Securities Management, Inc.'s recent Form ADV filings?", "a": "In the April 2026 filing data: Regulatory assets under management went from $1,818,741,357 to $2,162,366,778 (+19%)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 1094574278.0, "total_employees": 185, "filing_date": "2021-08-17" }, { "period": "2022-10-01", "regulatory_assets_under_management": 1266169257.0, "total_employees": 174, "filing_date": "2022-08-04" }, { "period": "2023-10-01", "regulatory_assets_under_management": 1285947379.0, "total_employees": 175, "filing_date": "2023-09-19" }, { "period": "2024-10-01", "regulatory_assets_under_management": 1402537067.0, "total_employees": 177, "filing_date": "2024-03-28" }, { "period": "2025-10-01", "regulatory_assets_under_management": 1818741357.0, "total_employees": 170, "filing_date": "2025-07-08" }, { "period": "2026-10-01", "regulatory_assets_under_management": 2162366778.0, "total_employees": 170, "filing_date": "2026-03-31" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Regulatory assets under management went from $1,818,741,357 to $2,162,366,778 (+19%)." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "Raymond James Financial Services, Inc.", "name_as_filed": "RAYMOND JAMES FINANCIAL SERVICES, 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/capitol-securities-management-inc-glen-allen-va-14169.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 1890, "fewer_than_5": false, "raum": 552300327.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 1287, "fewer_than_5": false, "raum": 838553086.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": 18, "fewer_than_5": false, "raum": 15145690.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 14, "fewer_than_5": false, "raum": 8515010.0 }, { "type": "state_municipal", "label": "State or municipal government entities (including government pension plans)", "count": 4, "fewer_than_5": false, "raum": 21396276.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": 32, "fewer_than_5": false, "raum": 28470310.0 }, { "type": "other", "label": "Other", "count": 725, "fewer_than_5": false, "raum": 697986079.0 } ], "disclosure_line": "Reports 11 disclosure items on Form ADV Item 11.", "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/14169", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }