{"url":"https://nivawealth.com/firms/capstone-investment-financial-group-122575","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/122575","regulatoryAum":174626885,"crd":"122575","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4589630","suffix":null,"lastName":"CORNEHLSEN","firstName":"JAMES","middleName":"BRYAN"},{"crd":"8220919","suffix":null,"lastName":"Schultz","firstName":"Aidan","middleName":"James"},{"crd":"6979602","suffix":null,"lastName":"Simek","firstName":"Lindsey","middleName":"Ann"},{"crd":"6789678","suffix":null,"lastName":"Turbyfill","firstName":"Ryan","middleName":"Mark"}],"total":4,"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":"2021-04-19","regulatoryAum":102758873,"clients":361,"employees":5,"offices":4},{"filedOn":"2022-06-06","regulatoryAum":119195847,"clients":363,"employees":5,"offices":4},{"filedOn":"2023-03-20","regulatoryAum":108593816,"clients":388,"employees":6,"offices":4},{"filedOn":"2024-05-08","regulatoryAum":136995368,"clients":396,"employees":6,"offices":4},{"filedOn":"2025-03-03","regulatoryAum":136583840,"clients":387,"employees":5,"offices":3},{"filedOn":"2026-09-24","regulatoryAum":174626885,"clients":392,"employees":6,"offices":3}],"secFileNumber":"801-67699","legalName":"Capstone Investment Financial Group, LLC","displayName":"Capstone Investment Financial Group","slug":"capstone-investment-financial-group-122575","website":"https://capstoneinvest.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"HTTPS://WWW.LINKEDIN.COM/company/capstone-investment-financial-group/","founded":null,"organization":"Colorado limited liability company","fiscalYearEnd":"December","headquarters":{"street":"115 West Salori Court","city":"Webster","state":"NY","stateName":"New York","country":"United States","postalCode":"14580"},"tradeNames":[],"registration":{"secApproved":"17 April 2007","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":438715.11369509046,"staff":{"employees":6,"advisory":3,"brokerDealerReps":0,"insuranceAgents":0,"promoters":2},"aum":{"regulatory":174626885,"discretionary":170063697,"discretionaryAccounts":1009,"nonDiscretionary":4563188,"nonDiscretionaryAccounts":6,"wrapProgram":140360618,"nonUsClientsPct":1,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":357,"regulatoryAum":90832248},{"label":"High-net-worth individuals","clients":30,"regulatoryAum":78950501},{"label":"Pooled investment vehicles","clients":1,"regulatoryAum":3427695},{"label":"Charitable organizations","clients":4,"regulatoryAum":1416441}],"feePrograms":[{"role":"other","program":"Financial planning","summary":"Financial planning is billed hourly at $250 an hour, or on a fixed fee: $300 to $3,000 for an initial plan and $99 to $550 a month for ongoing planning.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1010905","versionId":1010905,"submittedOn":"2026-02-23","documentName":"ADV PART 2A AND 2A APPENDIX 1 AND 2B"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T12:38:22.344874+00:00","documents":[{"name":"ADV PART 2A AND 2A APPENDIX 1 AND 2B","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1010905","versionId":1010905,"submittedOn":"2026-02-23"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":119052291}],"custodyNote":"Capstone Investment Financial Group does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"James Cornehlsen","title":"Chief Executive Officer","crd":"4589630"},{"name":"Ann Zemann","title":"Chief Compliance Officer","crd":"2731611"},{"name":"Elizabeth Cornehlsen","title":"Member","crd":"5757609"},{"name":"Ryan Turbyfill","title":"Managing Director","crd":"6789678"}],"ownership":[{"label":"James Cornehlsen","detail":"Chief executive officer in the 50% to 75% ownership band and a control person, since September 2022."},{"label":"Elizabeth Cornehlsen","detail":"Member in the 10% to 25% ownership band and a control person, since December 2009."},{"label":"Ryan Turbyfill","detail":"Managing director in the 10% to 25% ownership band and a control person, since September 2022."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":2,"privateResidences":0},"listedOfficeAddresses":3,"foreignOffices":[],"officesByState":[{"state":"Colorado","offices":2,"addresses":[{"street":"5300 DTC Parkway","city":"Greenwood Village"},{"street":"620 N Tejon St.","city":"Colorado Springs"}]},{"state":"New York","offices":1,"addresses":[{"street":"115 West Salori Court","city":"Webster","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"719-477-9883","stateRegisteredReps":3,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)","Performance-based fees"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for pooled investment vehicles (other than investment companies)"],"financialPlanningClients":"26-50","assetMix":[{"label":"Exchange-traded equity securities","percent":64},{"label":"Non-exchange-traded equity securities","percent":1},{"label":"U.S. government/agency bonds","percent":10},{"label":"U.S. state and local bonds","percent":1},{"label":"Investment grade corporate bonds","percent":1},{"label":"Derivatives","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":14},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":2},{"label":"Cash and cash equivalents","percent":3},{"label":"Other","percent":3,"detail":"Longer Term CDS"}],"privateFunds":1},"sources":{"adv1FilingDate":"24 September 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/122575/PDF/122575.pdf","brochureDate":"23 February 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1010905","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Capstone Investment Financial Group have?","answer":"Capstone Investment Financial Group has 392 clients and manages $175 million for them, as of September 2026. They include 357 individual clients, 30 high-net-worth individuals and 4 charitable organizations.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 24 September 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Capstone Investment Financial Group offer?","answer":"Capstone Investment Financial Group provides financial planning, portfolio management for individuals and small businesses, and portfolio management for pooled vehicles.","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 Capstone Investment Financial Group use?","answer":"Capstone Investment Financial Group’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $119M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 September 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Capstone Investment Financial Group have?","answer":"Capstone Investment Financial Group has 3 investment adviser representatives registered with state securities authorities, out of 6 employees, and 3 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Capstone Investment Financial Group invest in?","answer":"At the end of its last fiscal year, Capstone Investment Financial Group’s separately managed accounts held 64% exchange-traded equities, 14% registered funds (mutual funds, ETFs, BDCs), 10% U.S. government and agency bonds, 3% cash and equivalents, 3% other, 2% pooled vehicles (private funds and similar), 1% non-exchange-traded equities, 1% state and local bonds, 1% investment grade corporate bonds and 1% derivatives. The 3% other category is described as: Longer Term CDS. It advises 1 private fund.","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 Capstone Investment Financial Group?","answer":"Capstone Investment Financial Group’s direct owners are James Cornehlsen (50% to 75%), Elizabeth Cornehlsen (10% to 25%) and Ryan Turbyfill (10% to 25%).","source":"Form ADV Part 1A, Schedules A and B, filed 24 September 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Capstone Investment Financial Group get paid?","answer":"Capstone Investment Financial Group 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Capstone Investment Financial Group?","answer":"Capstone Investment Financial Group’s main office is at 115 West Salori Court, Webster, NY 14580. Its phone number is 719-477-9883. Its website is capstoneinvest.com.","source":"Form ADV Part 1A, Item 1.F, filed 24 September 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."}