Capital Investment Management provides financial planning, portfolio management for individuals and small businesses, selecting other managers, and educational seminars. Financial planning was provided to 251–500 clients last fiscal year.
Capital Investment Management reports 1,072 clients. They include 932 individual clients and 140 high-net-worth individuals. Of its assets, 100.0% ($559M across 1,072 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $533M. It advised 80 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 87% | 50% |
| High-net-worth individuals | 13% | 50% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 932 | $279M | 49.8% | $299K |
| High-net-worth individuals | 140 | $280M | 50.2% | $2M |
| Total | 1,072 | $559M | 100% | $521K |
- Clients
- 932
- Regulatory AUM
- $279M
- AUM share
- 49.8%
- Avg. per client
- $299K
- Clients
- 140
- Regulatory AUM
- $280M
- AUM share
- 50.2%
- Avg. per client
- $2M
Total
- Clients
- 1,072
- Regulatory AUM
- $559M
- AUM share
- 100%
- Avg. per client
- $521K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 80
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 251–500
Capital Investment Management is paid through a percentage of assets under management, fixed fees (other than subscription fees) and other compensation. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure.
David Garrison owns 50% to 75% of Capital Investment Management. The leadership team of Capital Investment Management includes President David Garrison and Chief Compliance Officer Troy Schuster. It has 10 employees, 5 of them in advisory roles.
Leadership
- David GarrisonSenior Vice President
- Troy SchusterPresident/Chief Compliance Officer
- Matthew ShullSecretary
Investment adviser representatives
5 representatives listed in the SEC register as of 9 October 2026.
Staff
- 10 employees
- 5 in advisory functions
- 5 state-registered reps
- 5 broker-dealer reps
- 4 insurance agents
- Owns 50% to 75% of Capital Investment Management, Inc
David Garrison
Control person · since April 1998
- Owns 25% to 50% of Capital Investment Management, Inc
Troy Schuster
Control person · since February 2005
- Owns 10% to 25% of Capital Investment Management, Inc
Matthew Shull
since January 2021
Capital Investment Management’s regulatory assets grew 1.7× from $337M (May 2021) to $559M (April 2026); clients rose from 889 to 1,072 and employees from 8 to 10.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| April 2026 | $559M | 1,072 | 10 | 1 |
| May 2025 | $477M | 1,057 | 9 | 1 |
| March 2024 | $426M | 1,005 | 8 | 1 |
| March 2023 | $405M | 1,107 | 8 | 1 |
| March 2022 | $394M | 1,280 | 8 | 1 |
| May 2021 | $337M | 889 | 8 | 1 |
Besides its headquarters, Capital Investment Management has 0 offices, with 1 listed address in Missouri.
Missouri · 1 listed address
- 608 S.W. 3rd St., Lee'S SummitHQ
Contact and registration details
- Legal name
- Capital Investment Management, Inc
- Headquarters
- 608 S.W. 3rd St., Lee'S Summit, MO 64063
- Website
- cimretirementpros.com
- Phone
- 816-246-1212
- SEC file
- 801-76972
- Structure
- Missouri corporation
- Fiscal year end
- December
Capital Investment Management uses Fidelity ($559M) as custodian for its separately managed accounts. Capital Investment Management does not have custody of client assets.
- FidelityNational Financial Services LLC · Boston, MA · $559M100%
At year end, Capital Investment Management’s separately managed accounts were mostly in funds (96%). Its reported 13F holdings for the quarter ended 30 June 2026 total $326M across 132 positions; the largest are Vanguard Index Fds (11.1%), SPDR Series Trust (10.7%) and Vanguard Star Fds (8.6%).
What the accounts hold
- Stocks2%
- Funds96%
- Cash2%
Reported 13F holdings
- $326M
- Reported 13F value
- 132
- Positions
- 53.0%
- In the 10 largest
- +12.1%
- Value vs. prior quarter
- Vanguard Index Fds · S&P 500 ETF Shs11.1%
- SPDR Series Trust · ST Str P500etf10.7%
- Vanguard Star Fds · VG TL Intl Stk F8.6%
- SPDR Series Trust · ST Str Aggre ETF5.3%
- SPDR Index Shs Fds · ST Str PO EX ETF5.2%
- Vanguard Charlotte Fds · Total Int BD ETF2.8%
- SPDR Index Shs Fds · ST Port Mark ETF2.6%
- iShares TR · Core S&P500 ETF2.4%
- Vanguard BD Index Fds · Short Trm Bond2.4%
- iShares TR · Core Univrsl Usd2.0%
Together, the ten largest are 53.0% of reported value.
How many clients does Capital Investment Management have?
Capital Investment Management has 1,072 clients and manages $559 million for them, as of April 2026. They include 932 individual clients and 140 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 16 April 2026
What services does Capital Investment Management offer?
Capital Investment Management provides financial planning, portfolio management for individuals and small businesses, selecting other managers, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Capital Investment Management use?
Capital Investment Management’s separately managed account assets are held at National Financial Services LLC (Boston, MA), with $559M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 16 April 2026
How many financial advisors does Capital Investment Management have?
Capital Investment Management has 5 investment adviser representatives registered with state securities authorities, out of 10 employees, and 5 perform investment advisory functions. 5 employees are registered representatives of a broker-dealer and 4 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Capital Investment Management invest in?
At the end of its last fiscal year, Capital Investment Management’s separately managed accounts held 96% registered funds (mutual funds, ETFs, BDCs), 2% exchange-traded equities and 2% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Capital Investment Management?
Capital Investment Management’s direct owners are David Garrison (50% to 75%), Troy Schuster (25% to 50%) and Matthew Shull (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 16 April 2026
How does Capital Investment Management get paid?
Capital Investment Management is paid through a percentage of assets under management, fixed fees and other compensation. 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
Is Capital Investment Management registered with the SEC?
Yes, Capital Investment Management has been registered with the SEC as an investment adviser since 13 August 2012. Its CRD number is 113917 and its SEC file number is 801-76972.
Source: Form ADV Part 1A, Item 1, filed 16 April 2026; IAPD firm record
How do I contact Capital Investment Management?
Capital Investment Management’s main office is at 608 S.W. 3rd St., Lee'S Summit, MO 64063. Its phone number is 816-246-1212. Its website is cimretirementpros.com.