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Capital Financial Group 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 Financial Group Inc. offers financial planning and customized investment management services. Capital Financial Group holds an A+ rating from the Better Business Bureau (BBB).

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. 

Capital Financial Group Client Types and Account Minimums

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 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: 

  • Stocks
  • Bonds
  • Exchange-traded funds (ETFs)
  • Closed-end funds
  • Insurance products

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. 

This chart will show what the asset management fees might look like in real dollars:

*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 Financial Group*
Your Assets Capital Financial Group Fee Amounts
$500K $8,500
$1MM $14,750
$5MM $54,750
$10MM $92,250

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/.

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. 

How Long $1 Million 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 weighed potential expenditures for a prospective retiree with a  $1 million nest egg to assess how many years that fund would cover in retirement in America’s largest cities.

We 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 metro areas across the U.S.

We assumed the $1 million would grow at a net annual return of 2% after inflation. 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.