{"url":"https://nivawealth.com/firms/capital-advantage-108985","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/108985","regulatoryAum":1276570885,"crd":"108985","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"7523171","suffix":null,"lastName":"Burkhard","firstName":"Ian","middleName":"Michael"},{"crd":"5091378","suffix":null,"lastName":"CASTILLE","firstName":"IAN","middleName":"ASHLEY"},{"crd":"7853480","suffix":null,"lastName":"Hackett","firstName":"Selma","middleName":"Benrekia"},{"crd":"1041878","suffix":null,"lastName":"Hayman","firstName":"John","middleName":"Sterrett"},{"crd":"5012266","suffix":null,"lastName":"HENKE","firstName":"DAWNALIZABETH","middleName":null},{"crd":"5196686","suffix":null,"lastName":"TAYLOR","firstName":"COLIN","middleName":"FRANCIS"},{"crd":"5988106","suffix":null,"lastName":"TERHUNE","firstName":"JASON","middleName":"ALEXANDER"},{"crd":"6404954","suffix":null,"lastName":"WANG","firstName":"BRIAN","middleName":"ANTHONY"}],"total":8,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-07-23","regulatoryAum":891590122,"clients":614,"employees":14,"offices":1},{"filedOn":"2022-07-15","regulatoryAum":981065395,"clients":614,"employees":13,"offices":1},{"filedOn":"2023-04-10","regulatoryAum":905171206,"clients":630,"employees":14,"offices":1},{"filedOn":"2024-03-27","regulatoryAum":1002166936,"clients":712,"employees":13,"offices":1},{"filedOn":"2025-03-31","regulatoryAum":1111637065,"clients":683,"employees":14,"offices":1},{"filedOn":"2026-08-25","regulatoryAum":1276570885,"clients":667,"employees":16,"offices":2}],"secFileNumber":"801-55896","legalName":"Capital Advantage, Inc.","displayName":"Capital Advantage","slug":"capital-advantage-108985","website":"https://capitaladvantage.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/108985/9e14599671aea06c-r1.webp","tone":"light","width":821,"height":200,"sourceUrl":"https://capitaladvantage.com/","sourceLabel":"Capital Advantage, Inc., website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/capital-advantage-inc-/","xUrl":"https://twitter.com/capadvantage","founded":"1998","organization":"California corporation","fiscalYearEnd":"December","headquarters":{"street":"1855 Olympic BLVD., Ste 300","city":"Walnut Creek","state":"CA","stateName":"California","country":"United States","postalCode":"94596"},"tradeNames":[],"registration":{"secApproved":"23 September 1998","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1923512.4856278365,"staff":{"employees":16,"advisory":8,"brokerDealerReps":0,"insuranceAgents":0,"promoters":1},"aum":{"regulatory":1276570885,"discretionary":1276570885,"discretionaryAccounts":2271,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":309,"regulatoryAum":199122210},{"label":"High-net-worth individuals","clients":352,"regulatoryAum":1072319543},{"label":"Charitable organizations","clients":2,"fewerThan5":true,"regulatoryAum":1568194},{"label":"Corporations and other businesses","clients":4,"fewerThan5":true,"regulatoryAum":3560938}],"feePrograms":[{"role":"main","program":"Investment Management Fee Schedule","feeBasis":"marginal","fee_tiers":[{"to":2000000,"pct":1,"from":0},{"to":3000000,"pct":0.9,"from":2000000},{"to":4000000,"pct":0.85,"from":3000000},{"to":5000000,"pct":0.75,"from":4000000},{"to":10000000,"pct":0.7,"from":5000000},{"to":null,"pct":0.5,"from":10000000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1055917","versionId":1055917,"ratePeriod":"not_stated","fee_billing":"arrears","submittedOn":"2026-08-25","documentName":"CAPITAL ADVANTAGE, INC. 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CLIENT BROCHURE, filed 25 August 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Capital Advantage use?","answer":"Capital Advantage’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $1.08B and Fidelity Brokerage Services LLC (Smithfield, RI), with $172M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 August 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Capital Advantage have?","answer":"Capital Advantage has 9 investment adviser representatives registered with state securities authorities, out of 16 employees, and 8 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Capital Advantage invest in?","answer":"At the end of its last fiscal year, Capital Advantage’s separately managed accounts held 73% registered funds (mutual funds, ETFs, BDCs), 17% exchange-traded equities, 5% investment grade corporate bonds, 2% state and local bonds, 2% cash and equivalents and 1% U.S. government and agency bonds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Capital Advantage?","answer":"Capital Advantage’s direct owners are Dawnalizabeth Henke (5% to 10%), Colin Taylor (10% to 25%), Zinman Family Trust (5% to 10%), CB Trust (50% to 75%) and Castille Family Trust (10% to 25%).","source":"Form ADV Part 1A, Schedules A and B, filed 25 August 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Capital Advantage get paid?","answer":"Capital Advantage is paid through a percentage of assets under management. 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