# Central States Capital Markets, LLC

> Central States Capital Markets, LLC is a state-registered investment advisory firm in Prairie Village, KS, registered since 2016, reporting under $25 million in regulatory assets under management in its Form ADV filing dated February 19, 2026.

- CRD: 155291
- Filed as: CENTRAL STATES CAPITAL MARKETS, LLC
- Registration: State-registered investment adviser (status as filed: APPROVED)
- Location: Prairie Village, KS
- Filing period: October 2026
- Form ADV filing dated: February 19, 2026
- Public record (IAPD): https://adviserinfo.sec.gov/firm/summary/155291
- AdvisorCensus page: https://advisorcensus.com/firm/central-states-capital-markets-llc-prairie-village-ks-155291

## Quick answers

**How is Central States Capital Markets, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Central States Capital Markets, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Central States Capital Markets, LLC located?**
Central States Capital Markets, LLC's principal office is in Prairie Village, KS, according to its Form ADV.

**Is Central States Capital Markets, LLC registered with the SEC or a state?**
Central States Capital Markets, LLC is a state-registered investment advisory firm, registered since 2016. Status as filed: APPROVED. CRD 155291.

**How much does Central States Capital Markets, LLC manage?**
Central States Capital Markets, LLC reports $13,702,190 in regulatory assets under management in its Form ADV filing dated February 19, 2026 (100% discretionary).

**What types of clients does Central States Capital Markets, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (3); high net worth individuals (3); corporations or other businesses not listed above (1).

**Does Central States Capital Markets, LLC report any disciplinary disclosures?**
Reports 7 disclosure items on Form ADV Item 11: yes answers to 1 question about criminal matters and 6 questions about regulatory matters (11.A(2), 11.C(2), 11.C(4), 11.C(5), 11.D(2), 11.D(4), 11.E(2)). 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 public record on IAPD: https://adviserinfo.sec.gov/firm/summary/155291

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $13,702,190
- Discretionary: $13,702,190
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 3 | $457,942 |
| High net worth individuals | 3 | $6,903,695 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Corporations or other businesses not listed above | 1 | $6,340,553 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2016 (9 years)
- Employees: 4 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: IA, KS, MO
- Disclosures (Item 11): Reports 7 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.A(2): In the past ten years, has the firm or an advisory affiliate been charged with a felony?
- 11.C(2): 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?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): 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?
- 11.D(2): 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?
- 11.D(4): 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?
- 11.E(2): 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?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/155291

### Websites listed on Form ADV (Item 1.I)
- [mycscm.com](https://mycscm.com)

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Central States Capital Markets, LLC (CRD 155291): Form ADV filing data as of October 2026.