Capital Financial Group Inc. offers financial planning and customized investment management services. The Akron, Ohio, firm is currently a one investment advisor shop; yet, it oversees more than $40 million in assets under management (AUM). Capital Financial Group holds an A+ rating from the Better Business Bureau (BBB). But you may find larger firms by using our financial advisor matching tool.
Capital Financial Group Background
Capital Financial Group formed in 1990. It is currently owned by Richard D. Peterson, who has been in the financial services industry for almost 40 years. He holds the registered financial planner (RFP), registered investment advisor (RIA) and certified senior advisor (CSA) designations. He serves as the firm’s only investment advisor.
What Types of Clients Does Capital Financial Group Accept?
Capital Financial Group serves individuals who have and don’t have a high net worth and their related trusts, estates and pensions. According to its website, many clients are seniors and retirees.
Capital Financial Group Minimum Account Size
Capital Financial Group does not set a minimum account size for its investment advisory services.
Services Offered by Capital Financial Group
Capital Financial Group works with individuals to help them meet their long-term financial goals. It begins with a client evaluation to determine the range of services it may offer. The firm aims to build a comprehensive financial plan that addresses several aspects of the client’s financial life. It may provide advice around the following topics:
- Retirement planning
- Savings and cash flow management
- Trust management
- Estate planning
- Risk management
Capital Financial Group Investment Philosophy
Capital Financial Group generally recommends no-load mutual funds to help clients meet their investment objectives. The firm may also recommend other types of securities if it deems them suitable. These may include the following:
Fees Under Capital Financial Group
Like most firms, Capital Financial Group charges annual fees as a percentage of the assets held in the client’s account. The percentage varies by account size, but generally follows this tiered fee schedule:
|Assets under management||The Annual Fee is:|
|Amounts of $50,000 or less||2.25%|
|Amounts between $50,000 and $100,000||2.00%|
|Amounts between $100,000 and $250,000||1.75%|
|Amounts between $250,000 and $500,000||1.50%|
|Amounts between $500,000 and $1,000,000||1.25%|
|Amounts between $1 Million and $5 Million||1.00%|
|Amounts between $5 Million and $10 Million||0.75%|
For financial planning services, the firm’s fees vary based on the complexity of the client’s financial plan. But the firm usually charges financial planning fees of $300 per hour or up to $6,000. These fees are negotiable, however.
What to Watch Out For
As noted earlier, the firm has just one advisor - Peterson. He is responsible for more than 100 accounts, so you may receive limited attention depending on the scope of your needs. That said, he has a fiduciary duty to always to work in the best interests of his clients.
Capital Financial Group had no disclosures to report in its most recent filings with the Securities and Exchange Commission.
Opening an Account With Capital Financial Group Inc.
To contact Capital Financial Group, call (800) 630-6991 or send a message via its website at http://www.professormoney.com/contact-us/.
Where Is Capital Financial Group Inc. Located?
You can find Capital Financial Group at the following location:
231 Springside Drive, #155,
Akron, Ohio 44333
All information was accurate as of the writing of this article.
Tips for Finding a Financial Advisor
- Narrow your search by using SmartAsset’s advisor matching tool. After you answer some questions about your needs, the tool recommends up to three advisors in your area. You can then evaluate their qualifications before you decide to work with one.
- When considering advisors, carefully review any certifications and accreditations. They’re not required to work in the industry, so advisors who earn them wanted the specialized training. Many are also held to a higher standard. For example, certified financial planners (CFPs) have a fiduciary responsibility to provide advice solely in the best interests of the client.