Capitol Securities Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, and educational seminars. Financial planning was provided to 51–100 clients last fiscal year.
Capitol Securities Management reports 3,970 clients. They include 1,890 individual clients, 1,287 high-net-worth individuals and 725 other clients. Of its assets, 85.2% ($1.84B across 3,275 accounts) are managed with discretion; $319M across 695 accounts are not. A wrap fee program the firm both sponsors and manages holds $2.06B. It advised 41 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 48% | 26% |
| High-net-worth individuals | 32% | 39% |
| Pension and profit-sharing plans | <1% | <1% |
| Charitable organizations | <1% | <1% |
| State or municipal government entities | <1% | <1% |
| Other client typesCorporations and other businesses; Other | 19% | 34% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,890 | $552M | 25.5% | $292K |
| High-net-worth individuals | 1,287 | $839M | 38.8% | $652K |
| Pension and profit-sharing plans | 18 | $15.1M | 0.7% | $841K |
| Charitable organizations | 14 | $8.52M | 0.4% | $608K |
| State or municipal government entities | 4 | $21.4M | 1.0% | $5.35M |
| Corporations and other businesses | 32 | $28.5M | 1.3% | $890K |
| Other | 725 | $698M | 32.3% | $963K |
| Total | 3,970 | $2.16B | 100% | $545K |
- Clients
- 1,890
- Regulatory AUM
- $552M
- AUM share
- 25.5%
- Avg. per client
- $292K
- Clients
- 1,287
- Regulatory AUM
- $839M
- AUM share
- 38.8%
- Avg. per client
- $652K
- Clients
- 18
- Regulatory AUM
- $15.1M
- AUM share
- 0.7%
- Avg. per client
- $841K
- Clients
- 14
- Regulatory AUM
- $8.52M
- AUM share
- 0.4%
- Avg. per client
- $608K
- Clients
- 4
- Regulatory AUM
- $21.4M
- AUM share
- 1.0%
- Avg. per client
- $5.35M
- Clients
- 32
- Regulatory AUM
- $28.5M
- AUM share
- 1.3%
- Avg. per client
- $890K
- Clients
- 725
- Regulatory AUM
- $698M
- AUM share
- 32.3%
- Avg. per client
- $963K
Total
- Clients
- 3,970
- Regulatory AUM
- $2.16B
- AUM share
- 100%
- Avg. per client
- $545K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 41
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
Capitol Securities Management charges up to 2.00% a year for its Advisory Program; its fees and minimums are set out in its brochures on the SEC website.
CS Financial Group Inc. owns 75% or more of Capitol Securities Management and is in turn owned by Joseph Aristotle Jianos (50–75%). The leadership team of Capitol Securities Management includes Chief Operating Officer James Louis Wallace and Chief Compliance Officer Katherine Rose Hallberg. It has 170 employees, 126 of them in advisory roles.
Leadership
- James Louis WallaceChief Operating Officer
- Katherine Rose HallbergChief Compliance Officer
- Joseph Aristotle JianosChairman & CEO
- Edward Lee WetherellChief Strategy Officer
- Irina ZubovDirector of Finance
Investment adviser representatives
97 representatives listed in the SEC register as of 9 October 2026.
- Roy Alexander
- Morgan R Allen
- Jerry Gayle Alley
- Edwin Clary Bartlett JR.
- Mark Eugene Bechtle
- Paul Allen Bedinger
- William Larry Bendt
- Stephen Mattison Bliss
- Jeffrey Leonard Briggs
- Patrick Timothy Brosnan
- Donald B Brown JR
- H. Edward Burgess JR.
- Andrew Allen Burke
- John Francis Cahill
- Robert W Campbell III
- James Short Cashmore
- Richard Carmine Cioffi
- Gregory Vaughn Clarke
- Robert Reese Clippard
- Brian Andrew Cohen
- Shannon Reed Cooper
- John Coulter
- Michael Talmadge Cross
- James Lee Day
- Ernest Homer Dimattina
- Carol A Dinh Nhat Quy
- Kent Eric Engelke
- Jason Todd Ferree
- Joseph J Fumo
- Robert John Garone
- Scott Andrew Gerham
- Marcus D Gersbach
- Jason Collins Gibson
- Robert Green Jr
- Natalie Anne Gross
- Arthur T Grutt JR.
- Stephanie Williams Guanzini
- Katherine Rose Hallberg
- Wythe Chisman Hogge
- Angela Hopkins
- Malcolm Job Huckaby
- William Allen Hunter JR.
- Joseph Aristotle Jianos
- Robert Raymond Joseph JR
- Gary A Kazanjian
- John Edward Kelley JR
- Thomas Howard Kepley JR
- Bradford Miles Kimball
- Angelia Clements King
- Kimberly Shawn Knapp
- Robert Carter Knobel
- Stuart Jay Knobel
- William Allan Korn
- Gregory John Kuta
- Samuel Chi Tat Lam
- Richard Edward Landi
- Joe Malave
- Georgios Manou
- Steven Francis Marascia
- Norman Kenneth Marshall
- James Fulton Massengill
- Joseph Gilbert Mauriello
- Robert Marc McKoy
- James Brian Moran
- William Wheeler Nease
- Lawrence William Nordmann
- Sean O'Sullivan
- Robert Joseph Oftring
- John Patrick Oleary
- Mark Alan Outten
- David Marc Papilsky
- Thomas Octave Pekar
- Robert M Roark
- Lysa Jill Rothenberg
- Craig Scott Sablosky
- John Joseph Scarpino
- Timothy Jay Scherwa
- Laura Lynn Settle
- Alan Walton Sharpe
- David Anthony Shenton
- Yevgeniy Shvets
- Holly Smith
- Claire E Soja
- David Allen Spiker
- William Richard Stade JR
- Robert Gerald Stein
- William Holmes Stewart
- Timothy Edward Strait
- Joshua Paul Thomas
- John R Trentanove
- Michael Monroe Via
- Jesse H Wade III
- James Louis Wallace
- Edward Lee Wetherell
- Jane B Whittemore
- Herbert Thomas Wolf III
- Irina Zubov
Staff
- 170 employees
- 126 in advisory functions
- 102 state-registered reps
- 143 broker-dealer reps
- 86 insurance agents
- Owns 75% or more of Capitol Securities Management, Inc.
CS Financial Group Inc.
Control person · since November 2006
- Owns 50% to 75% of CS Financial Group Inc.
Joseph Aristotle Jianos
Control person · since November 2006
Capitol Securities Management’s regulatory assets grew 2.0× from $1.09B (July 2021) to $2.16B (March 2026); clients rose from 2,690 to 3,970 and employees fell from 185 to 170.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $2.16B | 3,970 | 170 | 38 |
| July 2025 | $1.82B | 3,745 | 170 | 38 |
| March 2024 | $1.4B | 3,470 | 177 | 38 |
| July 2023 | $1.29B | 3,202 | 175 | 41 |
| July 2022 | $1.27B | 2,966 | 174 | 36 |
| July 2021 | $1.09B | 2,690 | 185 | 48 |
Besides its headquarters, Capitol Securities Management has 37 offices (1 private residence, listed without an address), with 25 listed addresses across 9 states.
Virginia · 6 listed addresses
- 4050 Innslake Drive, Suite 250, Glen AllenHQ
- 414 E. Market Street St., Charlottesville
- 12100 Sunset Hills RD, Reston
- 335 East Church Street, Martinsville
- 28 W Market Street, Leesburg
- 321 N. Main Street, Suffolk
Massachusetts · 4 listed addresses
- 184 Main Street, Worcester
- 50 Congress Street, Boston
- 1 Hollis Street, Wellesley
- 400 Trade Center, Woburn
New Jersey · 3 listed addresses
- 25 Roosevelt BLVD, Marmora
- 803 Main Street Suite #3, Toms River
- 89 Headquarters Plaza North, Morristown
New York · 3 listed addresses
- 1 Blue Hill Plaza, Lobby Level, #1509, Pearl River
- 201 Old Country Road, Melville
- 706 East Ave., Rochester
Florida · 2 listed addresses
- 601 South Harbour Island BLVD, Tampa
- 1540 International Parkway, Lake Mary
Maryland · 2 listed addresses
- 31400 Winterplace Parkway, Salisbury
- 129 West Patrick St., Ste. 6, Frederick
North Carolina · 2 listed addresses
- 1900 Eastwood Road, Wilmington
- 1928 Snowy Egret DR., Morehead City
South Carolina · 2 listed addresses
- 114 East Benson, Anderson
- 4408 Forest Drive, Columbia
Connecticut · 1 listed address
- 11 Naubuc Ave, Glastonbury
Contact and registration details
- Legal name
- Capitol Securities Management, Inc.
- Headquarters
- 4050 Innslake Drive, Suite 250, Glen Allen, VA 23060
- Website
- Not reported
- Phone
- 888-612-1484
- SEC file
- 801-41033
- Structure
- Virginia corporation
- Fiscal year end
- December
Capitol Securities Management uses Raymond James ($2.16B) as custodian for its separately managed accounts. Capitol Securities Management does not have custody of client assets.
- Raymond JamesRaymond James Financial Services, Inc. · St. Petersburg, FL · $2.16B100%
At year end, Capitol Securities Management’s separately managed accounts were mostly in stocks (68%) and funds (17%).
What the accounts hold
- Stocks68%
- Funds17%
- Bonds4%
- Cash10%
Filed values cover 99%. The neutral 1% gap has no reported category.
How many clients does Capitol Securities Management have?
Capitol Securities Management has 3,970 clients and manages $2.16 billion for them, as of March 2026. They include 1,890 individual clients, 1,287 high-net-worth individuals and 725 other clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Capitol Securities Management offer?
Capitol Securities Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Capitol Securities Management charge?
Capitol Securities Management charges up to 2.00% a year for its Advisory Program.
Which custodians does Capitol Securities Management use?
Capitol Securities Management’s separately managed account assets are held at Raymond James Financial Services, Inc. (St. Petersburg, FL), with $2.16B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does Capitol Securities Management have?
Capitol Securities Management has 102 investment adviser representatives registered with state securities authorities, out of 170 employees, and 126 perform investment advisory functions. 143 employees are registered representatives of a broker-dealer and 86 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 Capitol Securities Management invest in?
At the end of its last fiscal year, Capitol Securities Management’s separately managed accounts held 68% exchange-traded equities, 17% registered funds (mutual funds, ETFs, BDCs), 10% cash and equivalents and 4% 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
Who owns Capitol Securities Management?
Capitol Securities Management is owned through a holding company by Joseph Aristotle Jianos. Its direct owner is CS Financial Group Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Capitol Securities Management get paid?
Capitol Securities Management is paid through a percentage of assets under management, hourly charges and fixed fees. 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 Capitol Securities Management registered with the SEC?
Yes, Capitol Securities Management has been registered with the SEC as an investment adviser since 16 March 1992. Its CRD number is 14169 and its SEC file number is 801-41033.
Source: Form ADV Part 1A, Item 1, filed 31 March 2026; IAPD firm record
How do I contact Capitol Securities Management?
Capitol Securities Management’s main office is at 4050 Innslake Drive, Suite 250, Glen Allen, VA 23060. Its phone number is 888-612-1484.