{"url":"https://nivawealth.com/firms/capstone-wealth-management-130128","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/130128","regulatoryAum":354276732,"crd":"130128","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"7702029","suffix":null,"lastName":"Chakos","firstName":"Nicole","middleName":"Raelynn"},{"crd":"8248611","suffix":"Mr.","lastName":"Jagoda","firstName":"Josiah","middleName":"David"},{"crd":"8247447","suffix":null,"lastName":"Skillen-Robison","firstName":"Marcene","middleName":"Piper"},{"crd":"6649981","suffix":null,"lastName":"Thomas","firstName":"Austin","middleName":"David"},{"crd":"1647158","suffix":null,"lastName":"THOMAS","firstName":"MARK","middleName":"DAVID"},{"crd":"5863004","suffix":null,"lastName":"WEBBER","firstName":"THOMAS","middleName":"MACFARLAND"}],"total":6,"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":"2025-03-19","regulatoryAum":301108894,"clients":154,"employees":6,"offices":1},{"filedOn":"2026-03-25","regulatoryAum":354276732,"clients":169,"employees":8,"offices":1}],"secFileNumber":"801-132460","legalName":"Capstone Wealth Management, Inc.","displayName":"Capstone Wealth Management","slug":"capstone-wealth-management-130128","website":"https://capstoneretire.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/2504633/","founded":"2001","organization":"Montana corporation","fiscalYearEnd":"December","headquarters":{"street":"1731 Poly Drive","city":"Billings","state":"MT","stateName":"Montana","country":"United States","postalCode":"59102"},"tradeNames":[],"registration":{"secApproved":"18 April 2025","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1988014.3647798742,"staff":{"employees":8,"advisory":4,"brokerDealerReps":0,"insuranceAgents":5,"promoters":0},"aum":{"regulatory":354276732,"discretionary":335899941,"discretionaryAccounts":426,"nonDiscretionary":18376791,"nonDiscretionaryAccounts":82,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":20},"clientTypes":[{"label":"Individuals (other than HNW)","clients":75,"regulatoryAum":30788909},{"label":"High-net-worth individuals","clients":84,"regulatoryAum":285305375},{"label":"Charitable organizations","clients":5,"regulatoryAum":15322481},{"label":"Corporations and other businesses","clients":5,"regulatoryAum":22859967}],"feePrograms":[{"role":"main","program":"Wealth Management Services","feeBasis":"marginal","fee_tiers":[{"to":249999,"pct":2,"from":0},{"to":499999,"pct":1.5,"from":249999},{"to":999999,"pct":1.2,"from":499999},{"to":2499999,"pct":0.9,"from":999999},{"to":4999999,"pct":0.75,"from":2499999},{"to":null,"pct":0.55,"from":4999999}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1026594","versionId":1026594,"ratePeriod":"not_stated","fee_billing":"advance","submittedOn":"2026-03-25","documentName":"2026 0325 CAPSTONE WEALTH SEC BROCHURE","fee_rate_low":0.55,"fee_rate_high":2,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"General financial planning","summary":"General financial planning is $300 per hour, negotiable, with a $300 minimum for phone research or advice; free with wealth management over $1 million.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1026594","versionId":1026594,"submittedOn":"2026-03-25","documentName":"2026 0325 CAPSTONE WEALTH SEC BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T08:58:09.582186+00:00","documents":[{"name":"2026 0325 CAPSTONE WEALTH SEC BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1026594","versionId":1026594,"submittedOn":"2026-03-25"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":333687262}],"custodyNote":"Capstone Wealth Management does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Mark Thomas","title":"President","crd":"1647158"},{"name":"Thomas Webber","title":"Chief Compliance Officer","crd":"5863004"},{"name":"Nicole Chakos","title":"Financial Advisor & Marketing Officer","crd":"7702029"},{"name":"Austin Thomas","title":"Financial Advisor & Business Development Specialist","crd":"6649981"}],"ownership":[{"label":"Mark Thomas","detail":"President in the 50% to 75% ownership band and a control person, since January 2003."},{"label":"Thomas Webber","detail":"Chief compliance officer in the 5% to 10% ownership band and a control person, since March 2021."},{"label":"Austin Thomas","detail":"Financial advisor & business development specialist in the 10% to 25% ownership band, since January 2023."},{"label":"Nicole Chakos","detail":"Financial advisor & marketing officer in the 10% to 25% ownership band, since January 2024."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Montana","offices":1,"addresses":[{"street":"1731 Poly Drive","city":"Billings","headquarters":true}]}],"brochureServices":["business succession planning","estate planning","insurance","retirement plan services"],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"406-325-1500","stateRegisteredReps":4,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses"],"financialPlanningClients":"11-25","assetMix":[{"label":"Exchange-traded equity securities","percent":34},{"label":"Non-exchange-traded equity securities","percent":4},{"label":"U.S. state and local bonds","percent":1},{"label":"Investment grade corporate bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":47},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":9},{"label":"Cash and cash equivalents","percent":4}],"privateFunds":0},"sources":{"adv1FilingDate":"25 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/130128/PDF/130128.pdf","brochureDate":"25 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1026594","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 Wealth Management have?","answer":"Capstone Wealth Management has 169 clients and manages $354 million for them, as of March 2026. They include 84 high-net-worth individuals, 75 individual clients and 5 charitable organizations.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 25 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Capstone Wealth Management offer?","answer":"Capstone Wealth Management provides financial planning, portfolio management for individuals and small businesses, business succession planning, estate planning, insurance, and retirement plan services.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Capstone Wealth Management charge?","answer":"Capstone Wealth Management charges 0.55%–2.00% for its Wealth Management Services. The brochure does not state whether the rate is annual. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.","source":"2026 0325 CAPSTONE WEALTH SEC BROCHURE, filed 25 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Capstone Wealth Management use?","answer":"Capstone Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $334M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Capstone Wealth Management have?","answer":"Capstone Wealth Management has 4 investment adviser representatives registered with state securities authorities, out of 8 employees, and 4 perform investment advisory functions. 0 employees are registered representatives 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Capstone Wealth Management invest in?","answer":"At the end of its last fiscal year, Capstone Wealth Management’s separately managed accounts held 47% registered funds (mutual funds, ETFs, BDCs), 34% exchange-traded equities, 9% pooled vehicles (private funds and similar), 4% non-exchange-traded equities, 4% cash and equivalents, 1% state and local bonds 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Capstone Wealth Management?","answer":"Capstone Wealth Management’s direct owners are Mark Thomas (50% to 75%), Thomas Webber (5% to 10%), Austin Thomas (10% to 25%) and Nicole Chakos (10% to 25%).","source":"Form ADV Part 1A, Schedules A and B, filed 25 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Capstone Wealth Management get paid?","answer":"Capstone Wealth 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Capstone Wealth Management?","answer":"Capstone Wealth Management’s main office is at 1731 Poly Drive, Billings, MT 59102. Its phone number is 406-325-1500. Its website is capstoneretire.com.","source":"Form ADV Part 1A, Item 1.F, filed 25 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":{"url":"https://nivawealth.com/firms/capstone-wealth-management-130128/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-08-13","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/2112205/000211220526000003/0002112205-26-000003-index.html","totalValue":133235240,"positionCount":48,"top10Share":0.7471960046005847,"top10":[{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"US CORE EQUITY 2","cusip":"25434V708","value":46242437,"shares":1040325,"shareType":"SH","priorValue":40888252,"priorShares":1040681},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"US EQUITY MARKET","cusip":"25434V401","value":8718972,"shares":106355,"shareType":"SH","priorValue":7781508,"priorShares":108514},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"INTL CORE EQUITY","cusip":"25434V799","value":8115018,"shares":218087,"shareType":"SH","priorValue":7633320,"priorShares":211948},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"US TARGETED VLU","cusip":"25434V609","value":8033920,"shares":114468,"shareType":"SH","priorValue":6989575,"priorShares":111193},{"issuer":"ISHARES TR","titleOfClass":"CORE S&P500 ETF","cusip":"464287200","value":6265809,"shares":8345,"shareType":"SH","priorValue":5203472,"priorShares":7878},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"INTL CORE EQT MK","cusip":"25434V203","value":5609540,"shares":136409,"shareType":"SH","priorValue":5279891,"priorShares":133787},{"issuer":"AMERICAN CENTY ETF TR","titleOfClass":"INTL EQT ETF","cusip":"025072703","value":4827106,"shares":54176,"shareType":"SH","priorValue":4288380,"priorShares":49862},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"WORLD X US CORE","cusip":"25434V880","value":4464105,"shares":122053,"shareType":"SH","priorValue":4200350,"priorShares":122121},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"EMGR CRE EQT MNG","cusip":"25434V302","value":3936572,"shares":100040,"shareType":"SH","priorValue":3376730,"priorShares":99184},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"US HIGH PROFITAB","cusip":"25434V831","value":3339360,"shares":80157,"shareType":"SH","priorValue":3039964,"priorShares":82028}],"positionsListed":48,"positions":[{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"US CORE EQUITY 2","cusip":"25434V708","value":46242437,"shares":1040325,"shareType":"SH","priorValue":40888252,"priorShares":1040681},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"US EQUITY MARKET","cusip":"25434V401","value":8718972,"shares":106355,"shareType":"SH","priorValue":7781508,"priorShares":108514},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"INTL CORE EQUITY","cusip":"25434V799","value":8115018,"shares":218087,"shareType":"SH","priorValue":7633320,"priorShares":211948},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"US TARGETED VLU","cusip":"25434V609","value":8033920,"shares":114468,"shareType":"SH","priorValue":6989575,"priorShares":111193},{"issuer":"ISHARES TR","titleOfClass":"CORE S&P500 ETF","cusip":"464287200","value":6265809,"shares":8345,"shareType":"SH","priorValue":5203472,"priorShares":7878},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"INTL CORE EQT MK","cusip":"25434V203","value":5609540,"shares":136409,"shareType":"SH","priorValue":5279891,"priorShares":133787},{"issuer":"AMERICAN CENTY ETF TR","titleOfClass":"INTL EQT ETF","cusip":"025072703","value":4827106,"shares":54176,"shareType":"SH","priorValue":4288380,"priorShares":49862},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"WORLD X US CORE","cusip":"25434V880","value":4464105,"shares":122053,"shareType":"SH","priorValue":4200350,"priorShares":122121},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"EMGR CRE EQT MNG","cusip":"25434V302","value":3936572,"shares":100040,"shareType":"SH","priorValue":3376730,"priorShares":99184},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"US HIGH PROFITAB","cusip":"25434V831","value":3339360,"shares":80157,"shareType":"SH","priorValue":3039964,"priorShares":82028},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"EMERGING MKTS HI","cusip":"25434V757","value":3297056,"shares":79009,"shareType":"SH","priorValue":2675724,"priorShares":78721},{"issuer":"NEXTERA ENERGY INC","titleOfClass":"COM","cusip":"65339F101","value":3002028,"shares":34542,"shareType":"SH","priorValue":3210305,"priorShares":34534},{"issuer":"AMERICAN CENTY ETF TR","titleOfClass":"US EQT ETF","cusip":"025072885","value":2747059,"shares":21477,"shareType":"SH","priorValue":2269214,"priorShares":20209},{"issuer":"ISHARES TR","titleOfClass":"CORE US AGGBD ET","cusip":"464287226","value":2734332,"shares":27747,"shareType":"SH","priorValue":2500534,"priorShares":25223},{"issuer":"AMERICAN CENTY ETF TR","titleOfClass":"AVANTIS EMGMKT","cusip":"025072604","value":2355558,"shares":25094,"shareType":"SH","priorValue":1914730,"priorShares":23572},{"issuer":"J P MORGAN EXCHANGE TRADED F","titleOfClass":"ULTRA SHORT ETF","cusip":"46641Q837","value":2149046,"shares":42640,"shareType":"SH","priorValue":2370679,"priorShares":46986},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"US CORE EQUITY 1","cusip":"25434V625","value":1713019,"shares":20831,"shareType":"SH","priorValue":1492669,"priorShares":20515},{"issuer":"LOWES COS INC","titleOfClass":"COM","cusip":"548661107","value":1692819,"shares":7590,"shareType":"SH","priorValue":1778261,"priorShares":7590},{"issuer":"VANGUARD INTL EQUITY INDEX F","titleOfClass":"ALLWRLD EX US","cusip":"922042775","value":1276510,"shares":15404,"shareType":"SH","priorValue":1209063,"priorShares":15927},{"issuer":"VANGUARD SCOTTSDALE FDS","titleOfClass":"VNG RUS1000GRW","cusip":"92206C680","value":1013289,"shares":7988,"shareType":"SH","priorValue":909074,"priorShares":8199},{"issuer":"J P MORGAN EXCHANGE TRADED F","titleOfClass":"SHORT DURA CORE","cusip":"46641Q274","value":1006096,"shares":21431,"shareType":"SH","priorValue":999031,"priorShares":21195},{"issuer":"CATERPILLAR INC","titleOfClass":"COM","cusip":"149123101","value":982618,"shares":979,"shareType":"SH","priorValue":698619,"priorShares":977},{"issuer":"FIRST INTST BANCSYSTEM INC","titleOfClass":"COM CL A","cusip":"32055Y201","value":925907,"shares":23667,"shareType":"SH","priorValue":799099,"priorShares":23638},{"issuer":"J P MORGAN EXCHANGE TRADED F","titleOfClass":"CORE PLUS BD ETF","cusip":"46641Q670","value":876581,"shares":18764,"shareType":"SH","priorValue":864248,"priorShares":18398},{"issuer":"VANGUARD INDEX FDS","titleOfClass":"SMALL CP","cusip":"922908751","value":679289,"shares":2238,"shareType":"SH","priorValue":608272,"priorShares":2297},{"issuer":"ENTERPRISE PRODS PARTNERS L","titleOfClass":"COM","cusip":"293792107","value":560133,"shares":15300,"shareType":"SH","priorValue":576504,"priorShares":15300},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"US SMALL CAP VAL","cusip":"25434V815","value":532263,"shares":13641,"shareType":"SH","priorValue":474967,"priorShares":13470},{"issuer":"SPDR DOW JONES INDL AVERAGE","titleOfClass":"UT SER 1","cusip":"78467X109","value":521085,"shares":994,"shareType":"SH","priorValue":463085,"priorShares":994},{"issuer":"ISHARES TR","titleOfClass":"SELECT DIV ETF","cusip":"464287168","value":473864,"shares":3010,"shareType":"SH","priorValue":456135,"priorShares":3010},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"US REAL ESTATE E","cusip":"25434V823","value":467069,"shares":17705,"shareType":"SH","priorValue":420755,"priorShares":17437},{"issuer":"VANGUARD INDEX FDS","titleOfClass":"S&P 500 ETF SHS","cusip":"922908363","value":462270,"shares":673,"shareType":"SH","priorValue":406752,"priorShares":673},{"issuer":"CHEVRON CORP NEW","titleOfClass":"COM","cusip":"166764100","value":426419,"shares":2562,"shareType":"SH","priorValue":504438,"priorShares":2558},{"issuer":"BERKSHIRE HATHAWAY INC DEL","titleOfClass":"CL B NEW","cusip":"084670702","value":360398,"shares":717,"shareType":"SH","priorValue":340585,"priorShares":712},{"issuer":"SELECT SECTOR SPDR TR","titleOfClass":"STATE STREEET ENE","cusip":"81369Y506","value":292794,"shares":5530,"shareType":"SH","priorValue":324722,"priorShares":5490},{"issuer":"APPLE INC","titleOfClass":"COM","cusip":"037833100","value":281095,"shares":956,"shareType":"SH","priorValue":237116,"priorShares":914},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"SHORT DURATION F","cusip":"25434V864","value":256307,"shares":5370,"shareType":"SH","priorValue":255639,"priorShares":5337},{"issuer":"DIMENSIONAL ETF TRUST","titleOfClass":"INTL HIGH PROFIT","cusip":"25434V765","value":241529,"shares":7144,"shareType":"SH","priorValue":232362,"priorShares":7129},{"issuer":"VANGUARD INDEX FDS","titleOfClass":"GROWTH ETF","cusip":"922908736","value":239605,"shares":2775,"shareType":"SH","priorValue":232802,"priorShares":525},{"issuer":"MICROSOFT CORP","titleOfClass":"COM","cusip":"594918104","value":229147,"shares":593,"shareType":"SH"},{"issuer":"ISHARES TR","titleOfClass":"RUS 2000 GRW ETF","cusip":"464287648","value":217968,"shares":553,"shareType":"SH"},{"issuer":"ALPHABET INC","titleOfClass":"CAP STOCK CL A","cusip":"02079K305","value":215909,"shares":601,"shareType":"SH"},{"issuer":"ISHARES TR","titleOfClass":"S&P MC 400GR ETF","cusip":"464287606","value":214986,"shares":1840,"shareType":"SH"},{"issuer":"ISHARES TR","titleOfClass":"CORE S&P MCP ETF","cusip":"464287507","value":214894,"shares":2795,"shareType":"SH"},{"issuer":"ISHARES TR","titleOfClass":"RUS 2000 VAL ETF","cusip":"464287630","value":213883,"shares":960,"shareType":"SH"},{"issuer":"ISHARES TR","titleOfClass":"CORE MSCI INTL","cusip":"46435G326","value":210455,"shares":2374,"shareType":"SH"},{"issuer":"J P MORGAN EXCHANGE TRADED F","titleOfClass":"HEDG EQU LAD ETF","cusip":"46654Q724","value":202890,"shares":3000,"shareType":"SH"},{"issuer":"ISHARES TR","titleOfClass":"CORE S&P TTL STK","cusip":"464287150","value":201981,"shares":1228,"shareType":"SH"},{"issuer":"NEW ERA ENERGY & DIGITAL INC","titleOfClass":"COM","cusip":"64428N109","value":194250,"shares":35000,"shareType":"SH"}]},"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."}