Capital Markets IQ provides financial planning, portfolio management for individuals and small businesses, and selecting other managers. Financial planning was provided to 11–25 clients last fiscal year.
Capital Markets IQ reports 884 clients. They include 607 individual clients, 101 pension and profit-sharing plans, and 91 high-net-worth individuals. Of its assets, 79.7% ($456M across 739 accounts) are managed with discretion; $116M across 145 accounts are not. Of its clients, 14% are outside the U.S. It advised 78 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 69% | 25% |
| High-net-worth individuals | 10% | 39% |
| Pension and profit-sharing plans | 11% | 15% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | 9% | 21% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 607 | $142M | 24.8% | $233K |
| High-net-worth individuals | 91 | $224M | 39.2% | $2.46M |
| Pension and profit-sharing plans | 101 | $83.5M | 14.6% | $826K |
| Charitable organizations | 7 | $1.55M | 0.3% | $222K |
| Corporations and other businesses | 78 | $121M | 21.2% | $1.55M |
| Total | 884 | $571M | 100% | $646K |
- Clients
- 607
- Regulatory AUM
- $142M
- AUM share
- 24.8%
- Avg. per client
- $233K
- Clients
- 91
- Regulatory AUM
- $224M
- AUM share
- 39.2%
- Avg. per client
- $2.46M
- Clients
- 101
- Regulatory AUM
- $83.5M
- AUM share
- 14.6%
- Avg. per client
- $826K
- Clients
- 7
- Regulatory AUM
- $1.55M
- AUM share
- 0.3%
- Avg. per client
- $222K
- Clients
- 78
- Regulatory AUM
- $121M
- AUM share
- 21.2%
- Avg. per client
- $1.55M
Total
- Clients
- 884
- Regulatory AUM
- $571M
- AUM share
- 100%
- Avg. per client
- $646K
- Clients outside the U.S.
- 14%
- Clients advised without assets under management last fiscal year
- 78
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 11–25
Capital Markets IQ charges up to 2.80% for its Retail investment advisory. The brochure does not state whether the rate is annual. The fee is billed in arrears, is negotiable and requires an account of at least $100,000. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- 1031 exchange consulting
- Consulting for individuals on IRC section 1031 exchanges is a one-time flat fee under a separate engagement.
- Financial planning
- Ongoing financial planning is a flat fee billed monthly in arrears; one-time planning is a flat fee agreed with the client.
LCM/HPW Trust owns 50% to 75% of Capital Markets IQ. The leadership team of Capital Markets IQ includes President Kenneth Wiseman and Chief Compliance Officer Penelope Turnbow. It has 23 employees, 20 of them in advisory roles.
Leadership
- Kenneth WisemanPresident
- Penelope TurnbowChief Legal Officer & Chief Compliance Officer
- Anita CarlinoController
Investment adviser representatives
19 representatives listed in the SEC register as of 9 October 2026.
Staff
- 23 employees
- 20 in advisory functions
- 19 state-registered reps
- 1 broker-dealer rep
- 5 insurance agents
- Owns 50% to 75% of Capital Markets Iq, LLC
LCM/HPW Trust
Control person · since January 2013
- Owns 50% to 75% of Capital Markets Iq, LLC
Kenneth Wiseman
Control person · since January 2013
- Owns 25% to 50% of Capital Markets Iq, LLC
Extensor Capital N.A., LLC
Control person · since January 2009
- Owns 50% to 75% of Extensor Capital N.A., LLC
Penelope Turnbow
Control person · since December 2007
- Owns 50% to 75% of Extensor Capital N.A., LLC
Matthew Rabinowitz
Control person · since December 2007
Capital Markets IQ’s regulatory assets grew 2.2× from $257M (June 2021) to $571M (July 2026); clients rose from 525 to 884 and employees were 23 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $571M | 884 | 23 | 19 |
| July 2025 | $451M | 827 | 26 | 19 |
| June 2024 | $392M | 680 | 24 | 20 |
| August 2023 | $322M | 689 | 25 | 21 |
| June 2022 | $283M | 634 | 24 | 22 |
| June 2021 | $257M | 525 | 23 | 20 |
Besides its headquarters, Capital Markets IQ has 18 offices (12 private residences, listed without an address), with 7 listed addresses across 5 states.
Florida · 2 listed addresses
- 4440 Pga Boulevard, Palm Beach Gardens
- 5308 Central Ave, St. Petersburg
California · 1 listed address
- 1520 E Covell BLVD, Davis
Georgia · 1 listed address
- 100 Main St SW, Gainesville
Michigan · 1 listed address
- 24555 Southfield Road, Southfield
New York · 1 listed address
- 200 Broadhollow Road, Melville
Choose a state to see its listed addresses.
Other business names
Capital Markets IQ has reported 10 other business names to the SEC.
- 0x Private Wealth
- Brightsmith Advisors
- First Security Investments Advisors
- King Harbor Wealth Management
- Noblestone Capital Advisors
- Peng Financial Group
- Seagate Global Wealth Management
- The Burg Capital Parnters
- The Skyhawk ETF Strategy
- Veracity Financial Services
Contact and registration details
- Legal name
- Capital Markets Iq, LLC
- Headquarters
- Not reported
- Website
- capitalmarketsiq.com
- Phone
- 310-882-6380
- SEC file
- 801-69992
- Structure
- Delaware LLC
- Fiscal year end
- December
Capital Markets IQ uses SEI Investments Distribution ($225M, 58%) and Charles Schwab ($165M, 42%) as custodians for its separately managed accounts. Capital Markets IQ has custody of $30.5M in client assets for 69 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $165M42%
- SEI Investments DistributionSEI Investments Distribution Co. · Oaks, PA · $225M58%
At year end, Capital Markets IQ’s separately managed accounts were largely in stocks (30%) and funds (27%).
What the accounts hold
- Stocks30%
- Funds27%
- Bonds9%
- U.S. government and agency bonds6%
- State and local bonds2%
- Investment grade corporate bonds1%
- Cash18%
- Other15%
- Real estate, alternative investments, variable annuities, private loans, venture capital, private equity, oil & gas15%
Filed values cover 99%. The neutral 1% gap has no reported category.
How many clients does Capital Markets IQ have?
Capital Markets IQ has 884 clients and manages $571 million for them, as of July 2026. They include 607 individual clients, 101 pension and profit-sharing plans, and 91 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 28 July 2026
What services does Capital Markets IQ offer?
Capital Markets IQ provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Capital Markets IQ charge?
Capital Markets IQ charges up to 2.80% for its Retail investment advisory. The brochure does not state whether the rate is annual. The fee is billed in arrears, is negotiable and requires an account of at least $100,000.
Which custodians does Capital Markets IQ use?
Capital Markets IQ’s separately managed account assets are held at SEI Investments Distribution Co. (Oaks, PA), with $225M and Charles Schwab & Co., Inc. (San Francisco, CA), with $165M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 28 July 2026
How many financial advisors does Capital Markets IQ have?
Capital Markets IQ has 19 investment adviser representatives registered with state securities authorities, out of 23 employees, and 20 perform investment advisory functions. 1 employee is a registered representative of a broker-dealer and 5 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 Markets IQ invest in?
At the end of its last fiscal year, Capital Markets IQ’s separately managed accounts held 30% exchange-traded equities, 27% registered funds (mutual funds, ETFs, BDCs), 18% cash and equivalents, 15% other, 6% U.S. government and agency bonds, 2% state and local bonds and 1% investment grade corporate bonds. The 15% other category is described as: Real Estate, Alternative Investments, Variable Annuities, Private Loans, Venture Capital, Private Equity, Oil & Gas.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Capital Markets IQ have a minimum investment?
Yes, Capital Markets IQ’s minimum account size for its Retail investment advisory is $100K.
Who owns Capital Markets IQ?
Capital Markets IQ is owned through a holding company by Penelope Turnbow and Matthew Rabinowitz. Its direct owners are Extensor Capital N.A., LLC (25% to 50%), LCM/HPW Trust (50% to 75%) and Kenneth Wiseman (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 28 July 2026
How does Capital Markets IQ get paid?
Capital Markets IQ is paid through a percentage of assets under management, hourly charges, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Capital Markets IQ registered with the SEC?
Yes, Capital Markets IQ has been registered with the SEC as an investment adviser since 3 April 2009. Its CRD number is 134921 and its SEC file number is 801-69992.
Source: Form ADV Part 1A, Item 1, filed 28 July 2026; IAPD firm record
How do I contact Capital Markets IQ?
Its phone number is 310-882-6380. Its website is capitalmarketsiq.com.