{
  "crd_number": 159918,
  "slug": "capstone-investment-group-olympia-wa-159918",
  "primary_business_name": "CAPSTONE INVESTMENT GROUP",
  "legal_name": "CAPSTONE INVESTMENT GROUP, LLC",
  "dbas": [
    "AMERICAN PRIVATE WEALTH",
    "AMERICAN WEALTH",
    "GREAT LAKES PRIVATE WEALTH",
    "GREAT LAKES WEALTH"
  ],
  "city": "Olympia",
  "state": "WA",
  "country": "United States",
  "cbsa_code": "36500",
  "metro": {
    "cbsa_code": "36500",
    "common_name": "Olympia",
    "msa_name": "Olympia-Lacey-Tumwater, WA",
    "path": "/advisors/wa/olympia"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2021-07-22",
  "years_registered": 5,
  "period": "2026-10-01",
  "filing_date": "2026-09-23",
  "carried_forward": false,
  "raum_total": 342736000.0,
  "raum_discretionary": 338474000.0,
  "raum_non_discretionary": 4262000.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 13,
  "advisory_employees": 8,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 123000.0,
      "count": 2,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 171435000.0,
      "count": 718
    },
    "banking_thrift": {
      "raum": 6387000.0,
      "count": 2,
      "fewer_than_5": true
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 725000.0,
      "count": 2,
      "fewer_than_5": true
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 4261000.0,
      "count": 3,
      "fewer_than_5": true
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 158645000.0,
      "count": 90
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 1160000.0,
      "count": 2,
      "fewer_than_5": true
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 2,
  "states_registered": [
    "AZ",
    "CA",
    "FL",
    "GA",
    "MI",
    "NC",
    "NE",
    "OR",
    "TX",
    "WA",
    "WI"
  ],
  "websites": [
    "https://facebook.com/GREATLAKESWEALTH",
    "https://greatlakeswealth.us",
    "https://linkedin.com/GREAT-LAKES-WEALTH",
    "https://twitter.com/GLWEALTH",
    "https://wisdomanddiscipline.com",
    "https://yourcapstone.com",
    "https://youtube.com/GLWealth"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/159918",
  "disclosure_items": [
    {
      "item": "11.D(1)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?"
    },
    {
      "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?"
    }
  ],
  "city_as_filed": "OLYMPIA",
  "url": "https://advisorcensus.com/firm/capstone-investment-group-olympia-wa-159918",
  "display_name": "Capstone Investment Group",
  "summary": "Capstone Investment Group is an SEC-registered investment advisory firm in Olympia, WA, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated September 23, 2026.",
  "citation": "AdvisorCensus. Capstone Investment Group (CRD 159918): 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"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Capstone Investment Group compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Capstone Investment Group reports these compensation arrangements: a percentage of assets under its management; hourly charges."
    },
    {
      "q": "Where is Capstone Investment Group located?",
      "a": "Capstone Investment Group's principal office is in Olympia, WA, according to its Form ADV; the October 2026 filing also lists 2 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Capstone Investment Group registered with the SEC or a state?",
      "a": "Capstone Investment Group is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 159918."
    },
    {
      "q": "How much does Capstone Investment Group manage?",
      "a": "Capstone Investment Group reports $342,736,000 in regulatory assets under management in its Form ADV filing dated September 23, 2026 (99% discretionary)."
    },
    {
      "q": "How have Capstone Investment Group's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Capstone Investment Group: Regulatory assets under management: $109,338,408 in the October 2021 data and $342,736,000 in the October 2026 data, up 213%. Total employees: 8 in October 2021 and 13 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Capstone Investment Group serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (718); high net worth individuals (90); pension and profit sharing plans (but not the plan participants or government pension plans) (3)."
    },
    {
      "q": "Which custodians does Capstone Investment Group use?",
      "a": "Capstone Investment Group's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Raymond James & Associates, Inc. as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Capstone Investment Group report any disciplinary disclosures?",
      "a": "Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.D(1) (another regulator's finding of a false statement or omission, or of dishonest, unfair, or unethical conduct) and 11.D(2) (another regulator's finding of a violation). 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/159918"
    },
    {
      "q": "Does Capstone Investment Group state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 6, 2026 says: \"While there is a minimum of $200,000 household asset size set by CAPSTONE, CAPSTONE may adjust the account minimum at its own discretion.\""
    },
    {
      "q": "What changed in Capstone Investment Group's recent Form ADV filings?",
      "a": "In the October 2026 filing data: Added the business name Great Lakes Wealth. Added the business name Great Lakes Private Wealth. Added the business name American Wealth. Added the business name American Private Wealth. Employees performing advisory functions went from 7 to 8. Regulatory assets under management went from $176,450,000 to $342,736,000 (+94%). Added an office in Northville, MI. Registered or notice-filed in FL, NC."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 109338408.0,
      "total_employees": 8,
      "filing_date": "2021-09-02"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 125770519.0,
      "total_employees": 8,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 108868143.0,
      "total_employees": 9,
      "filing_date": "2023-09-18"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 139055396.0,
      "total_employees": 8,
      "filing_date": "2024-02-27"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 152420481.0,
      "total_employees": 9,
      "filing_date": "2025-07-02"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 342736000.0,
      "total_employees": 13,
      "filing_date": "2026-09-23"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-10-01",
      "period_label": "October 2026",
      "notes": [
        "Added the business name Great Lakes Wealth.",
        "Added the business name Great Lakes Private Wealth.",
        "Added the business name American Wealth.",
        "Added the business name American Private Wealth.",
        "Employees performing advisory functions went from 7 to 8.",
        "Regulatory assets under management went from $176,450,000 to $342,736,000 (+94%).",
        "Added an office in Northville, MI.",
        "Registered or notice-filed in FL, NC."
      ]
    },
    {
      "period": "2026-09-01",
      "period_label": "September 2026",
      "notes": [
        "Employees performing advisory functions went from 8 to 7."
      ]
    },
    {
      "period": "2026-08-01",
      "period_label": "August 2026",
      "notes": [
        "Employees performing advisory functions went from 9 to 8.",
        "Registered or notice-filed in GA, MI."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $152,420,481 to $176,450,000 (+16%)."
      ]
    },
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Employees performing advisory functions went from 8 to 9."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "Employees performing advisory functions went from 6 to 8.",
        "Registered or notice-filed in NE."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Employees performing advisory functions went from 5 to 6.",
        "Item 11 disclosure answers changed: 2 yes answers, previously 0 (now yes: 11.D(1), 11.D(2))."
      ]
    },
    {
      "period": "2025-11-01",
      "period_label": "November 2025",
      "notes": [
        "Added an office in San Antonio, TX."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 6, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$200,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $200,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "While there is a minimum of \n$200,000 household asset size set by CAPSTONE, CAPSTONE may adjust the account minimum at its own \ndiscretion."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 200000.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "While there is a minimum of \n$200,000 household asset size set by CAPSTONE, CAPSTONE may adjust the account minimum at its own \ndiscretion."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Raymond James & Associates, Inc.",
      "name_as_filed": "RAYMOND JAMES & ASSOCIATES, 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-investment-group-olympia-wa-159918.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 718,
      "fewer_than_5": false,
      "raum": 171435000.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 90,
      "fewer_than_5": false,
      "raum": 158645000.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 2,
      "fewer_than_5": true,
      "raum": 6387000.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 3,
      "fewer_than_5": true,
      "raum": 4261000.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 2,
      "fewer_than_5": true,
      "raum": 123000.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 2,
      "fewer_than_5": true,
      "raum": 725000.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 2,
      "fewer_than_5": true,
      "raum": 1160000.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports 2 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/159918",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}