{"url":"https://nivawealth.com/firms/capital-financial-122844","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/122844","regulatoryAum":159396774,"crd":"122844","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"8125199","suffix":null,"lastName":"Webb","firstName":"Blair","middleName":"Kathleen"},{"crd":"1613386","suffix":"II","lastName":"Webb","firstName":"James","middleName":"Huey"}],"total":2,"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":"2025-05-05","regulatoryAum":140828832,"clients":85,"employees":1,"offices":1},{"filedOn":"2026-08-20","regulatoryAum":159396774,"clients":82,"employees":2,"offices":1}],"secFileNumber":"801-132924","legalName":"Capital Financial, LLC","displayName":"Capital Financial","slug":"capital-financial-122844","website":"https://capfinllc.com/","classification":{"segment":"institutions","segmentLabel":"Institutional","type":"institutional_wealth_manager","typeLabel":"OCIO / institutional wealth","feeDisclosure":"payment_only"},"founded":null,"organization":"Maryland limited liability company","fiscalYearEnd":"December","headquarters":{"street":"2943 Olney Sandy Spring Road, Suite A","city":"Olney","state":"MD","stateName":"Maryland","country":"United States","postalCode":"20832"},"tradeNames":[],"registration":{"secApproved":"4 June 2025","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":652650.3636363636,"staff":{"employees":2,"advisory":2,"brokerDealerReps":0,"insuranceAgents":1,"promoters":0},"aum":{"regulatory":159396774,"discretionary":139515715,"discretionaryAccounts":76,"nonDiscretionary":19881059,"nonDiscretionaryAccounts":6,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":23,"regulatoryAum":12156846},{"label":"High-net-worth individuals","clients":32,"regulatoryAum":23738924},{"label":"Pension and profit-sharing plans","clients":2,"regulatoryAum":5767220},{"label":"Other","clients":25,"regulatoryAum":117733784}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"M&T Bank","shortName":"M&T Bank","location":"Wilmington, DE","smaAssets":19881059},{"name":"Assetmark Brokerage, LLC","shortName":"Assetmark Brokerage","location":"Concord, CA","smaAssets":117048684},{"name":"Capital Bank and Trust","shortName":"Capital Bank and Trust","location":"Norfolk, VA","smaAssets":19534438}],"custodyNote":"Capital Financial does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"James Webb","title":"Principal and CCO","crd":"1613386"}],"ownership":[{"label":"James Webb","detail":"Principal and cco in the 75% or more ownership band and a control person, since January 1985."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Maryland","offices":1,"addresses":[{"street":"2943 Olney Sandy Spring Road, Suite A","city":"Olney","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"301-260-8575","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Selection of other advisers (including private fund managers)"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":20},{"label":"Investment grade corporate bonds","percent":5},{"label":"Securities issued by registered investment companies or business development companies","percent":61},{"label":"Cash and cash equivalents","percent":14}],"privateFunds":0},"sources":{"adv1FilingDate":"20 August 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/122844/PDF/122844.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Capital Financial have?","answer":"Capital Financial has 82 clients and manages $159 million for them, as of August 2026. They include 32 high-net-worth individuals, 25 other clients and 23 individual clients.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 20 August 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Capital Financial offer?","answer":"Capital Financial provides portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Capital Financial use?","answer":"Capital Financial’s separately managed account assets are held at Assetmark Brokerage, LLC (Concord, CA), with $117M, M&T Bank (Wilmington, DE), with $19.9M and Capital Bank and Trust (Norfolk, VA), with $19.5M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 20 August 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Capital Financial have?","answer":"Capital Financial has 2 investment adviser representatives registered with state securities authorities, out of 2 employees, and 2 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.","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 Financial invest in?","answer":"At the end of its last fiscal year, Capital Financial’s separately managed accounts held 61% registered funds (mutual funds, ETFs, BDCs), 20% exchange-traded equities, 14% cash and equivalents and 5% investment grade corporate 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 Financial?","answer":"Capital Financial’s direct owner is James Webb (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 20 August 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Capital Financial get paid?","answer":"Capital Financial is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Capital Financial?","answer":"Capital Financial’s main office is at 2943 Olney Sandy Spring Road, Suite A, Olney, MD 20832. Its phone number is 301-260-8575. Its website is capfinllc.com.","source":"Form ADV Part 1A, Item 1.F, filed 20 August 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}