{ "crd_number": 109341, "slug": "capstone-financial-advisors-inc-downers-grove-il-109341", "primary_business_name": "CAPSTONE FINANCIAL ADVISORS INC", "legal_name": "CAPSTONE FINANCIAL ADVISORS INC", "dbas": [], "city": "Downers Grove", "state": "IL", "country": "United States", "cbsa_code": "16980", "metro": { "cbsa_code": "16980", "common_name": "Chicago", "msa_name": "Chicago-Naperville-Elgin, IL-IN", "path": "/advisors/il/chicago" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "1999-11-16", "years_registered": 26, "period": "2026-10-01", "filing_date": "2026-03-31", "carried_forward": false, "raum_total": 2868074312.0, "raum_discretionary": 2860155850.0, "raum_non_discretionary": 7918462.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 30, "advisory_employees": 25, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "charitable": { "raum": 3180683.0, "count": null, "fewer_than_5": true }, "individuals": { "raum": 263554849.0, "count": 692 }, "pension_profit_sharing": { "raum": 7109701.0, "count": 4 }, "high_net_worth_individuals": { "raum": 2594229079.0, "count": 376 } }, "compensation_types": [ "fixed", "hourly", "other", "percentage_of_aum" ], "advisory_activities": [ "financial_planning", "pension_consulting", "portfolio_management_individuals", "selection_of_other_advisers" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "AZ", "CA", "CO", "FL", "GA", "IL", "LA", "MD", "MI", "NC", "NE", "NJ", "NY", "OH", "PA", "SC", "TN", "TX", "VA", "WA", "WI" ], "websites": [ "https://capstone-advisors.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/109341", "city_as_filed": "DOWNERS GROVE", "url": "https://advisorcensus.com/firm/capstone-financial-advisors-inc-downers-grove-il-109341", "display_name": "Capstone Financial Advisors Inc", "summary": "Capstone Financial Advisors Inc is an SEC-registered investment advisory firm in Downers Grove, IL, registered since 1999, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.", "citation": "AdvisorCensus. Capstone Financial Advisors Inc (CRD 109341): 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)", "Other" ], "advisory_activity_labels": [ "Financial planning services", "Portfolio management for individuals and/or small businesses", "Pension consulting services", "Selection of other advisers (including private fund managers)" ], "quick_answers": [ { "q": "How is Capstone Financial Advisors Inc compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Capstone Financial Advisors Inc reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); other." }, { "q": "Where is Capstone Financial Advisors Inc located?", "a": "Capstone Financial Advisors Inc's principal office is in Downers Grove, IL, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F)." }, { "q": "Is Capstone Financial Advisors Inc registered with the SEC or a state?", "a": "Capstone Financial Advisors Inc is an SEC-registered investment advisory firm, registered since 1999. Status as filed: Approved. CRD 109341." }, { "q": "How much does Capstone Financial Advisors Inc manage?", "a": "Capstone Financial Advisors Inc reports $2,868,074,312 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary)." }, { "q": "How have Capstone Financial Advisors Inc's assets and staff changed since 2021?", "a": "In the Form ADV data for Capstone Financial Advisors Inc: Regulatory assets under management: $1,836,630,941 in the October 2021 data and $2,868,074,312 in the October 2026 data, up 56%. Total employees: 28 in October 2021 and 30 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Capstone Financial Advisors Inc serve?", "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (692); high net worth individuals (376); pension and profit sharing plans (but not the plan participants or government pension plans) (4)." }, { "q": "Which custodians does Capstone Financial Advisors Inc use?", "a": "Capstone Financial Advisors Inc'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." }, { "q": "Does Capstone Financial Advisors Inc 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/109341" }, { "q": "What changed in Capstone Financial Advisors Inc's recent Form ADV filings?", "a": "In the April 2026 filing data: Regulatory assets under management went from $2,441,937,272 to $2,868,074,312 (+17%). Registered or notice-filed in NE, NY, OH, PA." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 1836630941.0, "total_employees": 28, "filing_date": "2021-03-31" }, { "period": "2022-10-01", "regulatory_assets_under_management": 2098963697.0, "total_employees": 27, "filing_date": "2022-09-06" }, { "period": "2023-10-01", "regulatory_assets_under_management": 1824854507.0, "total_employees": 25, "filing_date": "2023-03-31" }, { "period": "2024-10-01", "regulatory_assets_under_management": 2116697964.0, "total_employees": 31, "filing_date": "2024-03-27" }, { "period": "2025-10-01", "regulatory_assets_under_management": 2441937272.0, "total_employees": 30, "filing_date": "2025-03-28" }, { "period": "2026-10-01", "regulatory_assets_under_management": 2868074312.0, "total_employees": 30, "filing_date": "2026-03-31" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Regulatory assets under management went from $2,441,937,272 to $2,868,074,312 (+17%).", "Registered or notice-filed in NE, NY, OH, PA." ] } ], "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/capstone-financial-advisors-inc-downers-grove-il-109341.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 692, "fewer_than_5": false, "raum": 263554849.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 376, "fewer_than_5": false, "raum": 2594229079.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": 4, "fewer_than_5": false, "raum": 7109701.0 }, { "type": "charitable", "label": "Charitable organizations", "count": null, "fewer_than_5": true, "raum": 3180683.0 } ], "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/109341", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }