Capstone Advisory Group LLC (Edina)


Capstone Advisory Group LLC is a large advisory firm based in Edina. It manages $442.72 million of regulatory assets for 3,756 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Arizona, Minnesota, Texas, and Wisconsin.

Capstone Advisory Group provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Capstone Advisory Group: assets under management

The assets under management (AUM) of Capstone Advisory Group LLC is $442.72 million. The firm's AUM has grown by 106% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $144.3 million in discretionary accounts and $298.42 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $316.45 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $90.43 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 90% of the total AUM. The second-largest asset type is exchange traded securities, which make up 8% of the firm’s portfolio. Investments in investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Capstone Advisory Group LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Capstone Advisory Group serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Capstone Advisory Group is individuals with 514 clients and $314.6 million of assets under management. Among the 10 most similar advisory firms, Capstone Advisory Group has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $442.72 million for 672 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Capstone Advisory Group doesn't advise any private funds.

Careers at Capstone Advisory Group LLC

The company employs 6 people that are either part- or full-time employees. 83 percent of the employees work as investment advisers or researchers. 5 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 doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Scott Michael Siverhus Managing partner 1 Mar 2010 50% - 75% 2091427
Gregory Jerald Mortenson Managing partner 1 Mar 2010 50% - 75% 2281494

Based in Edina

The principal office where Capstone Advisory Group LLC performs its advisory services is located at 7701 France Ave S, Edina, MN 55435, which is also the mailing address of the firm. An additional office of the firm is in Eagan, MN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 952-562-2440 or by fax 952-562-2457. The normal business hours are 8:00 am to 5:00 pm central on Monday - Friday. You can find more information about the New York firm at capstoneadvgroup.com and its LinkedIn profile.