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Capital Asset Management Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Capital Asset Management, LLC (CAM) is a Denver-based firm with a small staff of a handful of financial advisors who manage millions in client assets. The firm specializes in a combination of asset management and financial planning services, like retirement planning and investing. CAM works with individuals investors with and without a high net worth.

Some of Capital Asset Management’s employees have an opportunity to earn commissions from insurance sales. This makes the firm fee-based, as it receives income from both client fees and outside sources. This is different from a fee-only firm, which avoid conflicts of interest by only earning compensation from the fees that clients pay.

Capital Asset Management Background

Matthew D. Hickey founded Capital Asset Management in 2003, though the firm wasn’t registered with the U.S. Securities and Exchange Commission (SEC) until 2016. Hickey is the sole owner and president of the firm and has worked in the financial services industry for around 35 years.

The small team at CAM has a certified wealth strategist (CWS) as part of its staff.

Capital Asset Management Client Types and Minimum Account Sizes

A vast majority of the firm's clients are individuals beneath the high-net-worth threshold, though there are a few high-net-worth individuals as well. The firm does not have any institutional clients.

As a general requirement, Capital Asset Management requires new clients to have at least $500,000 in investable assets. The firm reserves the right to accept clients with less than this, though.

Services Offered by Capital Asset Management

Capital Asset Management’s advisory services can be divided into three main categories:

  • Wealth management
    • Customized portfolio creation based on:
      • Risk tolerance
      • Time horizon
      • Individual investment objectives
    • Asset allocation planning
    • Regular portfolio monitoring
    • Investment discretion for clients
    • Outside advisor programs
      • Envestnet
      • SEI Managed Accounts
      • SEI Mutual Fund Models Program
      • SEI Funds
  • Retirement income planning
    • Retirement account reviews
    • Healthcare planning
    • Social Security benefit planning
  • Estate and insurance planning
    • Probate fees planning
    • Death and inheritance tax planning
    • Death, disability and critical illness insurance planning

Capital Asset Management Investment Philosophy

The premier aim of Capital Asset Management is to create an investment portfolio that’s aligned with your personal needs. To do this, the company will do a deep dive into your financial situation so it can formulate an investor profile. When complete, this profile will detail your risk tolerance, time horizon, liquidity and income needs and any specific financial or investment goals you may have.

CAM tends to stick to the basic securities. In fact, most of its investments are in stocks, bonds, mutual funds or exchange-traded funds (ETFs). The firm states in its Form ADV that it usually holds onto securities for the long-term, meaning a year or longer. However, under certain circumstances, it may decide to sell earlier than this.

Fees Under Capital Asset Management

Capital Asset Management’s fee schedule is standard, as rates are charged in a tier-based system according to the size of your account. In other words, the more money you invest with the firm, the better the rate you’ll get. Although shown as annual rates, these fees are billed quarterly, in advance, based on the amount of assets managed at the close of the final business day of the previous quarter.

Capital Asset Management Fee Schedule
AUM Annual Fee
First $1MM 0.95%
Next $1MM 0.90%
Next $1MM 0.85%
Next $1MM 0.80%
Next $1MM 0.75%
Over $5MM Negotiable

Check out the table below to see estimated fees for CAM management services.

*Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount.
Estimated Investment Management Fees at Capital Asset Management*
Your Assets Capital Asset Management Fees
$500K $4,750
$1MM $9,500
$5MM $42,500
$10MM Negotiable

Learn more about advisors' typical costs here.

What to Watch Out For

As a fee-based firm, some of Capital Asset Management’s advisors can earn commissions from the sale of insurance products to clients. While this represents a potential conflict of interest, the firm is a fiduciary. This legally binds it to act in your best interest at all times.

Capital Asset Management is only licensed by the SEC to operate in four states: Colorado, Idaho, Louisiana and Texas. Note that this may mean that prospective clients outside of these states won’t have access to the firm’s services.

As of its latest SEC filing, Capital Asset Management has a clean legal and regulatory record.

Opening an Account With Capital Asset Management

If you want to get in touch with a Capital Asset Management advisor, call the firm at (303) 832-7770, or toll-free at (800) 843-4409. There’s also a form on the firm’s website that lets you put down your name, email address and a message so an advisor can contact you.

All information is accurate as of the writing of this article.

Tips for Your Investment Portfolio

  • Before you invest your hard-earned money in the market, a financial advisor might be worth looking into. Finding the right financial advisor that fits your needs doesn’t have to be hard. SmartAsset’s free tool matches you with financial advisors in your area in five minutes. If you’re ready to be matched with local advisors that will help you achieve your financial goals, get started now.
  • If you're primarily investing to build a secure retirement, then consider first checking out our retirement calculator. Just punch in your current savings, your target retirement age and a few other details, and the calculator will indicate whether you're on pace to meet your retirement income needs.

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research