# JMF Capstone Wealth Management

> JMF Capstone Wealth Management is an SEC-registered investment advisory firm in Tuscaloosa, AL, registered since 2016, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 12, 2026.

- CRD: 118296
- Filed as: JMF CAPSTONE WEALTH MANAGEMENT
- Legal name: Capstone Wealth Management, LLC
- Also doing business as: JMF CAPSTONE WEALTH MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Tuscaloosa, AL
- Filing period: October 2026
- Form ADV filing dated: March 12, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/118296
- AdvisorCensus page: https://advisorcensus.com/firm/jmf-capstone-wealth-management-tuscaloosa-al-118296

## Quick answers

**How is JMF Capstone Wealth Management compensated?**
On its Form ADV (Item 5.E, October 2026), JMF Capstone Wealth Management reports these compensation arrangements: a percentage of assets under its management.

**Where is JMF Capstone Wealth Management located?**
JMF Capstone Wealth Management's principal office is in Tuscaloosa, AL, according to its Form ADV.

**Is JMF Capstone Wealth Management registered with the SEC or a state?**
JMF Capstone Wealth Management is an SEC-registered investment advisory firm, registered since 2016. Status as filed: Approved. CRD 118296.

**How much does JMF Capstone Wealth Management manage?**
JMF Capstone Wealth Management reports $416,107,919 in regulatory assets under management in its Form ADV filing dated March 12, 2026 (100% discretionary).

**How have JMF Capstone Wealth Management's assets and staff changed since 2021?**
In the Form ADV data for JMF Capstone Wealth Management: Regulatory assets under management: $180,519,805 in the October 2021 data and $416,107,919 in the October 2026 data, up 131%. Total employees: 6 in October 2021 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does JMF Capstone Wealth Management serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (107); high net worth individuals (107); corporations or other businesses not listed above (5).

**Which custodians does JMF Capstone Wealth Management use?**
JMF Capstone Wealth Management'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 JMF Capstone Wealth Management 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/118296

**What changed in JMF Capstone Wealth Management's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 8 to 7. Regulatory assets under management went from $362,695,957 to $416,107,919 (+15%).

## From the Form ADV filing

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

### 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: $416,107,919
- Discretionary: $415,408,053
- Non-discretionary: $699,866

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 107 | $31,067,833 |
| High net worth individuals | 107 | $378,065,411 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $4,153,687 |
| Charitable organizations | Fewer than 5 | $1,497,448 |
| Corporations or other businesses not listed above | 5 | $1,323,540 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2016 (10 years)
- Employees: 8 total, 7 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AL, GA, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- jmfcapstone.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $180,519,805 | 6 | March 11, 2021 |
| October 2022 | $309,387,092 | 6 | July 26, 2022 |
| October 2023 | $321,732,900 | 7 | March 22, 2023 |
| October 2024 | $336,373,964 | 7 | March 20, 2024 |
| October 2025 | $362,695,957 | 8 | April 21, 2025 |
| October 2026 | $416,107,919 | 8 | March 12, 2026 |

Regulatory assets under management: $180,519,805 in the October 2021 data and $416,107,919 in the October 2026 data, up 131%.
Total employees: 6 in October 2021 and 8 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 8 to 7.
- Regulatory assets under management went from $362,695,957 to $416,107,919 (+15%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. JMF Capstone Wealth Management (CRD 118296): Form ADV filing data as of October 2026.