{
  "crd_number": 130128,
  "slug": "capstone-wealth-billings-mt-130128",
  "primary_business_name": "CAPSTONE WEALTH",
  "legal_name": "CAPSTONE WEALTH MANAGEMENT, INC.",
  "dbas": [],
  "city": "Billings",
  "state": "MT",
  "country": "United States",
  "cbsa_code": "13740",
  "metro": {
    "cbsa_code": "13740",
    "common_name": "Billings",
    "msa_name": "Billings, MT",
    "path": "/advisors/mt/billings"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2025-04-18",
  "years_registered": 1,
  "period": "2026-10-01",
  "filing_date": "2026-03-25",
  "carried_forward": false,
  "raum_total": 354276732.0,
  "raum_discretionary": 335899941.0,
  "raum_non_discretionary": 18376791.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 8,
  "advisory_employees": 4,
  "client_count_bucket": null,
  "clients_by_type": {
    "charitable": {
      "raum": 15322481.0,
      "count": 5
    },
    "individuals": {
      "raum": 30788909.0,
      "count": 75
    },
    "high_net_worth_individuals": {
      "raum": 285305375.0,
      "count": 84
    },
    "corporations_other_businesses": {
      "raum": 22859967.0,
      "count": 5
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "LA",
    "MT",
    "TX",
    "WA",
    "WY"
  ],
  "websites": [
    "https://capstoneretire.com",
    "https://linkedin.com/COMPANY/2504633",
    "https://linkedin.com/IN/JOETTE-LARSON-BAA4013A",
    "https://linkedin.com/IN/KERRIE-KERN-A69A0358",
    "https://linkedin.com/IN/NICOLE-CHAKOS-B02B67202",
    "https://linkedin.com/IN/THOMAS-WEBBER-36268714A",
    "https://wwwlinkedin.com/IN/MARK-THOMAS-48924518"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/130128",
  "city_as_filed": "BILLINGS",
  "url": "https://advisorcensus.com/firm/capstone-wealth-billings-mt-130128",
  "display_name": "Capstone Wealth",
  "summary": "Capstone Wealth is an SEC-registered investment advisory firm in Billings, MT, registered since 2025, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 25, 2026.",
  "citation": "AdvisorCensus. Capstone Wealth (CRD 130128): 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"
  ],
  "quick_answers": [
    {
      "q": "How is Capstone Wealth compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Capstone Wealth reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Capstone Wealth charge?",
      "a": "Its Form ADV Part 2A brochure dated March 25, 2026 states: Hourly rate: $300 an hour (General Financial Planning Services). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Capstone Wealth located?",
      "a": "Capstone Wealth's principal office is in Billings, MT, according to its Form ADV."
    },
    {
      "q": "Is Capstone Wealth registered with the SEC or a state?",
      "a": "Capstone Wealth is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 130128."
    },
    {
      "q": "How much does Capstone Wealth manage?",
      "a": "Capstone Wealth reports $354,276,732 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (95% discretionary)."
    },
    {
      "q": "How have Capstone Wealth's assets and staff changed since 2025?",
      "a": "In the Form ADV data for Capstone Wealth: Regulatory assets under management: $301,108,894 in the October 2025 data and $354,276,732 in the October 2026 data, up 18%. Total employees: 6 in October 2025 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Capstone Wealth serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (84); individuals (other than high net worth individuals) (75); charitable organizations (5)."
    },
    {
      "q": "Which custodians does Capstone Wealth use?",
      "a": "Capstone Wealth'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 Wealth 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/130128"
    },
    {
      "q": "What changed in Capstone Wealth's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $301,108,894 to $354,276,732 (+18%)."
    }
  ],
  "filing_history": [
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 301108894.0,
      "total_employees": 6,
      "filing_date": "2025-03-19"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 354276732.0,
      "total_employees": 8,
      "filing_date": "2026-03-25"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $301,108,894 to $354,276,732 (+18%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 25, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Hourly rate: $300 an hour (General Financial Planning Services)"
    ],
    "figures": [
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $300 an hour (General Financial Planning Services)"
        ],
        "quotes": [
          "We charge $300 per hour for our General Financial Planning Services.  This hourly fee is negotiable based upon the size and scope of the financial planning project."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "hourly",
          "amount": 300.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "General Financial Planning Services"
        }
      ]
    },
    "quotes": [
      "We charge $300 per hour for our General Financial Planning Services.  This hourly fee is negotiable based upon the size and scope of the financial planning project."
    ],
    "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
    }
  ],
  "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-wealth-billings-mt-130128.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 75,
      "fewer_than_5": false,
      "raum": 30788909.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 84,
      "fewer_than_5": false,
      "raum": 285305375.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 5,
      "fewer_than_5": false,
      "raum": 15322481.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 5,
      "fewer_than_5": false,
      "raum": 22859967.0
    }
  ],
  "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/130128",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}