Capstone Wealth Management provides portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, business succession planning, education planning, estate planning, financial planning, insurance, and tax planning.
Capstone Wealth Management reports 219 clients. They include 107 individual clients, 107 high-net-worth individuals, and 5 corporations and other businesses. Of its assets, 99.8% ($415M across 538 accounts) are managed with discretion; $700K across 2 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 49% | 7% |
| High-net-worth individuals | 49% | 91% |
| Pension and profit-sharing plans | Fewer than 5 | <1% |
| Charitable organizations | Fewer than 5 | <1% |
| Corporations and other businesses | 2% | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 107 | $31.1M | 7.5% | $290K |
| High-net-worth individuals | 107 | $378M | 90.9% | $3.53M |
| Pension and profit-sharing plans | Fewer than 5 | $4.15M | 1.0% | — |
| Charitable organizations | Fewer than 5 | $1.5M | 0.4% | — |
| Corporations and other businesses | 5 | $1.32M | 0.3% | $265K |
| Total | 219 | $416M | 100% | — |
- Clients
- 107
- Regulatory AUM
- $31.1M
- AUM share
- 7.5%
- Avg. per client
- $290K
- Clients
- 107
- Regulatory AUM
- $378M
- AUM share
- 90.9%
- Avg. per client
- $3.53M
- Clients
- Fewer than 5
- Regulatory AUM
- $4.15M
- AUM share
- 1.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $1.5M
- AUM share
- 0.4%
- Avg. per client
- —
- Clients
- 5
- Regulatory AUM
- $1.32M
- AUM share
- 0.3%
- Avg. per client
- $265K
Total
- Clients
- 219
- Regulatory AUM
- $416M
- AUM share
- 100%
- Avg. per client
- —
- 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
- 0
Capstone Wealth Management charges 0.35%–1.25% a year for its Investment Management Services. Each asset band is charged at its own rate. The fee is billed in advance, is negotiable and has a $5,000 annual minimum.
| Asset band | Annual rate |
|---|---|
| $0–$500K | 1.25% |
| $500K–$1M | 0.90% |
| $1M–$2M | 0.70% |
| $2M–$3M | 0.50% |
| $3M–$5M | 0.40% |
| $5M and above | 0.35% |
Fee details and sources
JMF Wealth Management, LLC owns 75% or more of Capstone Wealth Management. The leadership team of Capstone Wealth Management includes Chief Compliance Officer Joel Lake. It has 8 employees, 7 of them in advisory roles.
Leadership
- Joel LakeChief Compliance Officer
- Scott GoldsmithManaging Member
Investment adviser representatives
7 representatives listed in the SEC register as of 9 October 2026.
Staff
- 8 employees
- 7 in advisory functions
- 7 state-registered reps
- Owns 75% or more of Capstone Wealth Management, LLC
JMF Wealth Management, LLC
Control person · since February 2014
Capstone Wealth Management’s regulatory assets grew 2.3× from $181M (March 2021) to $416M (March 2026); clients rose from 160 to 219 and employees from 6 to 8.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $416M | 219 | 8 | 1 |
| April 2025 | $363M | 225 | 8 | 1 |
| March 2024 | $336M | 214 | 7 | 1 |
| March 2023 | $322M | 202 | 7 | 1 |
| July 2022 | $309M | 183 | 6 | 1 |
| March 2021 | $181M | 160 | 6 | 1 |
Besides its headquarters, Capstone Wealth Management has 0 offices, with 1 listed address in Alabama.
Alabama · 1 listed address
- 2200 Jack Warner Parkway, Ne, Suite 300, TuscaloosaHQ
Other business names
Capstone Wealth Management has reported 1 other business name to the SEC.
- JMF Capstone Wealth Management
Contact and registration details
- Legal name
- Capstone Wealth Management, LLC
- Headquarters
- 2200 Jack Warner Parkway, Ne, Suite 300, Tuscaloosa, AL 35401
- Website
- jmfcapstone.com
- Phone
- 205-345-8440
- SEC file
- 801-107846
- Founded
- 1999
- Structure
- Alabama LLC
- Fiscal year end
- December
Capstone Wealth Management uses Charles Schwab ($411M) as custodian for its separately managed accounts. Capstone Wealth Management has custody of $275M in client assets for 295 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $411M100%
At year end, Capstone Wealth Management’s separately managed accounts were mostly in funds (63%) and cash (16%). Its reported 13F holdings for the quarter ended 30 June 2026 total $216M across 188 positions; the largest are EA Series Trust (9.6%), Dimensional ETF Trust (8.3%) and Dimensional ETF Trust (8.2%).
What the accounts hold
- Stocks6%
- Funds63%
- Bonds15%
- U.S. government and agency bonds10%
- State and local bonds5%
- Cash16%
Reported 13F holdings
- $216M
- Reported 13F value
- 188
- Positions
- 56.8%
- In the 10 largest
- +50.3%
- Value vs. prior quarter
- EA Series Trust · Brid Omn Sma ETF9.6%
- Dimensional ETF Trust · US Equi Mark ETF8.3%
- Dimensional ETF Trust · US Cor Equ 2 ETF8.2%
- Dimensional ETF Trust · Internatnal Val6.6%
- Dimensional ETF Trust · US Targeted Vlu6.4%
- Dimensional ETF Trust · US Mktwide Value5.4%
- Dimensional ETF Trust · World EX US Core4.0%
- American Centy ETF TR · US Sml CP Valu3.3%
- Vanguard Scottsdale Fds · Inter Term Treas3.1%
- Dimensional ETF Trust · Intl Core EQT MK2.0%
Together, the ten largest are 56.8% of reported value.
How many clients does Capstone Wealth Management have?
Capstone Wealth Management has 219 clients and manages $416 million for them, as of March 2026. They include 107 individual clients, 107 high-net-worth individuals, and 5 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 12 March 2026
What services does Capstone Wealth Management offer?
Capstone Wealth Management provides portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, business succession planning, education planning, estate planning, financial planning, insurance, 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 Capstone Wealth Management charge?
Capstone Wealth Management charges 0.35%–1.25% a year for its Investment Management Services. Each asset band is charged at its own rate. The fee is billed in advance, is negotiable and has a $5,000 annual minimum.
Source: CAPSTONE WEALTH MANAGEMENT, LLC FORM ADV PART 2, filed 12 March 2026
Which custodians does Capstone Wealth Management use?
Capstone Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $411M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 12 March 2026
How many financial advisors does Capstone Wealth Management have?
Capstone Wealth Management has 7 investment adviser representatives registered with state securities authorities, out of 8 employees, and 7 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 Capstone Wealth Management invest in?
At the end of its last fiscal year, Capstone Wealth Management’s separately managed accounts held 63% registered funds (mutual funds, ETFs, BDCs), 16% cash and equivalents, 10% U.S. government and agency bonds, 6% exchange-traded equities and 5% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Capstone Wealth Management?
Capstone Wealth Management’s direct owner is JMF Wealth Management, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 12 March 2026
How does Capstone Wealth Management get paid?
Capstone Wealth Management 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 Capstone Wealth Management registered with the SEC?
Yes, Capstone Wealth Management has been registered with the SEC as an investment adviser since 10 June 2016. Its CRD number is 118296 and its SEC file number is 801-107846.
Source: Form ADV Part 1A, Item 1, filed 12 March 2026; IAPD firm record
How do I contact Capstone Wealth Management?
Capstone Wealth Management’s main office is at 2200 Jack Warner Parkway, Ne, Suite 300, Tuscaloosa, AL 35401. Its phone number is 205-345-8440. Its website is jmfcapstone.com.