Capitol Securities Management, Inc. (Glen Allen)

Name: Capitol Securities Management, Inc.
Address: 100 Concourse Blvd, Glen Allen, VA, 23059
Telephone: 888-612-1484

Capitol Securities Management, Inc. is a large advisory firm based in Glen Allen. It manages $671.52 million of regulatory assets for 2,111 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Capitol Securities Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Capitol Securities Management: assets under management

The assets under management (AUM) of Capitol Securities Management, Inc. is $671.52 million. The firm's AUM has grown by 461% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $391.19 million in discretionary accounts and $280.33 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $309.73 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $330.57 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 29% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 24% of the firm’s portfolio. Investments in exchange traded securities form 24% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Capitol Securities Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients George Mark Hamby serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of George Mark Hamby is individuals with 1,940 clients and $504.41 million of assets under management. Among the 11 most similar advisory firms, Capitol Securities Management has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $671.52 million for 2,110 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Capitol Securities Management doesn't advise any private funds.

Careers at Capitol Securities Management, Inc.

The company employs 200 people that are either part- or full-time employees. 51 percent of the employees work as investment advisers or researchers. 25 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

George Mark Hamby has been acting as President since 1 Nov 2006. Katherine Rose Hallberg joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Aristotle Jianos	Chairman & ceo	1 Mar 1989	Other	1374020
Johann Nanayakkara	Cochairman	1 Mar 1989	50% - 75%	712127
Samuel Lee Mcclure	Srop	1 Jul 1994	Other	839255
Patrick David Roth	Director of operations	1 Apr 1999	Other	2642697
Patrick Daniel Roth	Director of compliance & operations	1 Apr 1999	Other	2642697
Jeffrey Scott Battles	Vice president-director of compliance	1 Oct 2000	Other	xxx-xx-xxxx
Jason Lee Gardner	Cco-director of compliance	1 Aug 2004	Other	2231409
George Mark Hamby	Coo, cco	1 Mar 2006	Other	2257565
George Mark Hamby	President	1 Nov 2006	Other	2257565
Cs Financial Group Inc.	Holding company	1 Nov 2006	75% - 100%	20-5792653
James J Donlin	Chief operating officer	1 Mar 2008	Other	2579395
Lia Bettenhausen Goff	Cfo	1 Aug 2008	Other	2508087
Edward Dean Rokita	Chief compliance officer	1 Jul 2009	Other	xxx-xx-xxxx
Mark David Coffey	Chief compliance officer	1 Mar 2010	Other	2400035
Katherine Rose Hallberg	Chief compliance officer	1 Jan 2012	Other	5016264

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Aristotle Jianos	Shareholder-ceo	1 Nov 2006	50% - 75%	1374020

Based in Glen Allen

The principal office where Capitol Securities Management, Inc. performs its advisory services is located at 100 Concourse Blvd, Glen Allen, VA 23059 The mailing address of the firm is 100 Concourse Blvd, Glen Allen, VA 23059. An additional office of the firm is in Reston, VA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 888-612-1484 or by fax 804-249-2330. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at capitolsecurities.com and its LinkedIn profile.