# Capstone Wealth

> 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.

- CRD: 130128
- Filed as: CAPSTONE WEALTH
- Legal name: Capstone Wealth Management, Inc.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Billings, MT
- Filing period: October 2026
- Form ADV filing dated: March 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/130128
- AdvisorCensus page: https://advisorcensus.com/firm/capstone-wealth-billings-mt-130128

## Quick answers

**How is Capstone Wealth compensated?**
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).

**How much does Capstone Wealth charge?**
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.

**Where is Capstone Wealth located?**
Capstone Wealth's principal office is in Billings, MT, according to its Form ADV.

**Is Capstone Wealth registered with the SEC or a state?**
Capstone Wealth is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 130128.

**How much does Capstone Wealth manage?**
Capstone Wealth reports $354,276,732 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (95% discretionary).

**How have Capstone Wealth's assets and staff changed since 2025?**
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.

**What types of clients does Capstone Wealth serve?**
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).

**Which custodians does Capstone Wealth use?**
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.

**Does Capstone Wealth 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/130128

**What changed in Capstone Wealth's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $301,108,894 to $354,276,732 (+18%).

## 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 25, 2026)

- Hourly rate: $300 an hour (General Financial Planning Services)

> 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.

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

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.

### Regulatory assets under management (Item 5.F)
- Total: $354,276,732
- Discretionary: $335,899,941
- Non-discretionary: $18,376,791

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 75 | $30,788,909 |
| High net worth individuals | 84 | $285,305,375 |
| Charitable organizations | 5 | $15,322,481 |
| Corporations or other businesses not listed above | 5 | $22,859,967 |

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

### Firm details
- Registered since: 2025 (1 year)
- Employees: 8 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: LA, MT, TX, WA, WY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- capstoneretire.com
- wwwlinkedin.com/IN/MARK-THOMAS-48924518
- LinkedIn @2504633
- LinkedIn @JOETTE-LARSON-BAA4013A
- LinkedIn @KERRIE-KERN-A69A0358
- LinkedIn @NICOLE-CHAKOS-B02B67202
- LinkedIn @THOMAS-WEBBER-36268714A

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2025 | $301,108,894 | 6 | March 19, 2025 |
| October 2026 | $354,276,732 | 8 | March 25, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $301,108,894 to $354,276,732 (+18%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Capstone Wealth (CRD 130128): Form ADV filing data as of October 2026.