Capital Investment Services of America provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, estate planning, and tax planning. Financial planning was provided to 11–25 clients last fiscal year.
Capital Investment Services of America reports 937 clients. They include 642 individual clients, 256 high-net-worth individuals and 21 charitable organizations. Of its assets, 100.0% ($1.31B across 937 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 69% | 14% |
| High-net-worth individuals | 27% | 68% |
| Pension and profit-sharing plans | 1% | 4% |
| Charitable organizations | 2% | 9% |
| Corporations and other businesses | <1% | 5% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 642 | $179M | 13.6% | $279K |
| High-net-worth individuals | 256 | $899M | 68.4% | $3.51M |
| Pension and profit-sharing plans | 10 | $53.6M | 4.1% | $5.36M |
| Charitable organizations | 21 | $124M | 9.4% | $5.89M |
| Corporations and other businesses | 8 | $59.6M | 4.5% | $7.45M |
| Total | 937 | $1.31B | 100% | $1.4M |
- Clients
- 642
- Regulatory AUM
- $179M
- AUM share
- 13.6%
- Avg. per client
- $279K
- Clients
- 256
- Regulatory AUM
- $899M
- AUM share
- 68.4%
- Avg. per client
- $3.51M
- Clients
- 10
- Regulatory AUM
- $53.6M
- AUM share
- 4.1%
- Avg. per client
- $5.36M
- Clients
- 21
- Regulatory AUM
- $124M
- AUM share
- 9.4%
- Avg. per client
- $5.89M
- Clients
- 8
- Regulatory AUM
- $59.6M
- AUM share
- 4.5%
- Avg. per client
- $7.45M
Total
- Clients
- 937
- Regulatory AUM
- $1.31B
- AUM share
- 100%
- Avg. per client
- $1.4M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 11–25
Capital Investment Services of America charges 0.45%–1.00% a year for its Investment advisory services. Each asset band is charged at its own rate. The fee is billed in advance and requires an account of at least $500,000. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$500K | 1.00% |
| $500K–$1M | 0.75% |
| $1M–$2M | 0.60% |
| $2M and above | 0.45% |
Fee details and sources
Other fees
- Fixed income only relationships
- Relationships invested only in fixed income: 0.70% on the first $1 million, 0.45% on the next $1 million, 0.40% on the next $1 million, 0.35% on the next $7 million and 0.25% on the next $10 million; over $20 million by quote.
Paul Muzzey owns 25% to 50% of Capital Investment Services of America. The leadership team of Capital Investment Services of America includes President Paul Muzzey, Chief Investment Officer Jeffrey Allsop and Chief Compliance Officer Ruth Benben. It has 9 employees.
Leadership
- Paul MuzzeyPresident
- Ruth BenbenChief Compliance Officer
- Jeffrey AllsopChief Investment Officer
- Blaine BanckerPrincipal
- Steven MuzzeyPrincipal
- Mia PotterPrincipal
- Ameet KamathPrincipal
- Mitchell CarlsonPrincipal
Investment adviser representatives
9 representatives listed in the SEC register as of 9 October 2026.
- Jeffrey Nichols Allsop
- Blaine Edward Bancker
- Ruth Ann Benben
- Bradley Edward Bodus
- Mitchell Williams Carlson
- Ameet Laxman Kamath
- Paul Allen Muzzey
- Steven Luck Muzzey
- Nicholas Newkirk
Staff
- 9 employees
- 9 in advisory functions
- 9 state-registered reps
- Owns 25% to 50% of Capital Investment Services of America Inc
Paul Muzzey
Control person · since December 1989
- Owns 25% to 50% of Capital Investment Services of America Inc
Jeffrey Allsop
Control person · since July 2015
- Owns 10% to 25% of Capital Investment Services of America Inc
Ruth Benben
Control person · since February 1991
- Owns 10% to 25% of Capital Investment Services of America Inc
Ameet Kamath
since September 2004
- Owns 5% to 10% of Capital Investment Services of America Inc
Mitchell Carlson
since October 2019
Capital Investment Services of America’s regulatory assets grew from $992M (January 2021) to $1.31B (December 2025); clients rose from 736 to 937 and employees from 7 to 9.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| December 2025 | $1.31B | 937 | 9 | 1 |
| December 2024 | $1.23B | 888 | 9 | 1 |
| December 2023 | $1.03B | 870 | 7 | 1 |
| October 2022 | $894M | 839 | 8 | 1 |
| June 2022 | $1.18B | 775 | 6 | 1 |
| January 2021 | $992M | 736 | 7 | 1 |
Besides its headquarters, Capital Investment Services of America has 0 offices, with 1 listed address in Wisconsin.
Wisconsin · 1 listed address
- 111 E. Wisconsin Ave, Suite 1310, MilwaukeeHQ
Contact and registration details
- Legal name
- Capital Investment Services of America Inc
- Headquarters
- 111 E. Wisconsin Ave, Suite 1310, Milwaukee, WI 53202
- Website
- capinv.com
- Phone
- 414-278-7744
- @capital-investment-services
- SEC file
- 801-15052
- Founded
- 1981
- Structure
- Delaware corporation
- Fiscal year end
- September
Capital Investment Services of America uses Charles Schwab ($895M) as custodian for its separately managed accounts. Capital Investment Services of America does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Orlando, FL · $895M100%
At year end, Capital Investment Services of America’s separately managed accounts were mostly in stocks (73%) and funds (15%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.02B across 83 positions; the largest are Nvidia Corporation (6.2%), Alphabet Inc. Cap Stk CL C (5.8%) and Vanguard Short-term Corporate Bond ETF (5.2%).
What the accounts hold
- Stocks73%
- Funds15%
- Bonds7%
- U.S. government and agency bonds6%
- Investment grade corporate bonds1%
- Cash5%
Reported 13F holdings
- $1.02B
- Reported 13F value
- 83
- Positions
- 38.8%
- In the 10 largest
- +6.6%
- Value vs. prior quarter
- Nvidia Corporation6.2%
- Alphabet Inc. Cap Stk CL C5.8%
- Vanguard Short-term Corporate Bond ETFETF5.2%
- Microsoft Corp.4.1%
- Wabtec3.4%
- Ecolab Inc.3.0%
- Amazon Com Inc.3.0%
- TJX Cos Inc. New2.8%
- Qualcomm Inc.2.7%
- Snowflake Inc. Com Shs2.6%
Together, the ten largest are 38.8% of reported value.
How many clients does Capital Investment Services of America have?
Capital Investment Services of America has 937 clients and manages $1.31 billion for them, as of December 2025. They include 642 individual clients, 256 high-net-worth individuals and 21 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 16 December 2025
What services does Capital Investment Services of America offer?
Capital Investment Services of America provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, estate planning, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Capital Investment Services of America charge?
Capital Investment Services of America charges 0.45%–1.00% a year for its Investment advisory services. Each asset band is charged at its own rate. The fee is billed in advance and requires an account of at least $500,000.
Which custodians does Capital Investment Services of America use?
Capital Investment Services of America’s separately managed account assets are held at Charles Schwab & Co., Inc. (Orlando, FL), with $895M. 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 December 2025
How many financial advisors does Capital Investment Services of America have?
Capital Investment Services of America has 9 investment adviser representatives registered with state securities authorities, out of 9 employees, and 9 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
What does Capital Investment Services of America invest in?
At the end of its last fiscal year, Capital Investment Services of America’s separately managed accounts held 73% exchange-traded equities, 15% registered funds (mutual funds, ETFs, BDCs), 6% U.S. government and agency bonds, 5% cash and equivalents and 1% 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
Does Capital Investment Services of America have a minimum investment?
Yes, Capital Investment Services of America’s minimum account size for its Investment advisory services is $500K.
Who owns Capital Investment Services of America?
Capital Investment Services of America’s direct owners are Paul Muzzey, Ruth Benben, Jeffrey Allsop, Ameet Kamath and Mitchell Carlson, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 16 December 2025
How does Capital Investment Services of America get paid?
Capital Investment Services of America 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
Is Capital Investment Services of America registered with the SEC?
Yes, Capital Investment Services of America has been registered with the SEC as an investment adviser since 21 February 1980. Its CRD number is 110639 and its SEC file number is 801-15052.
Source: Form ADV Part 1A, Item 1, filed 16 December 2025; IAPD firm record
How do I contact Capital Investment Services of America?
Capital Investment Services of America’s main office is at 111 E. Wisconsin Ave, Suite 1310, Milwaukee, WI 53202. Its phone number is 414-278-7744. Its website is capinv.com.