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Capital Management Services, Inc. Review

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Capital Management Services, Inc.

Capital Management Services, Inc. is a fee-based advisor in Manchester, Missouri. It manages $58 million for clients, all of whom are non-high-net-worth individuals. The firm currently has no institutional clients.

Financial planning services and asset management are the primary services offered at CMS. 

Capital Management Services, Inc.  Background

James M. Gissy founded CMS in 1986 and currently serves as the president. His son Joseph Gissy is the chief operating officer. 

What Types of Clients Does Capital Management Services, Inc.  Accept?

All of the clients at CMS are non-high-net-worth individuals. The firm’s SEC documents do note that it also accepts trusts, estates, businesses and employee benefit plans as clients.

Capital Management Services, Inc. Minimum Account Sizes

The minimum account size for managed accounts is $25,000. The firm may also accept certain IRA accounts with a minimum initial balance of at least $2,000.

Services Offered by Capital Management Services, Inc. 

A variety of services are available at CMS:

  • Portfolio management
  • Tactical asset allocation
  • Model portfolios
  • Retirement income strategies
  • Annuities
  • Life insurance

Investment Philosophy

CMS’ SEC filings say that tactical asset allocation is the primary investment strategy employed by its advisors. This generally means investing in mutual funds and exchange-traded funds (ETFs). No-load funds are preferred. 

The advisors look to identify market trends and decide whether clients should follow them. 

Fees Under Capital Management Services, Inc. 

The following fee schedule applies to CMS’ asset management services:

Account Balance Annual Fee
$0-$499,999 2.00%
$500,000-$999,999 1.75%
$1,000,000-$4,999,999 1.50%
$5,000,000 and up 1.25%

Note that these fees are not graduated. If your account is worth more than $500,000, the entire account is charged 1.75% per year.

Some advisors at the firm are also insurance agents and may earn commissions for selling insurance products to clients. This is a conflict of interest, explained in full below.

What to Watch Out For

As noted above, some advisors at CMS earn commissions for selling insurance products. This is a conflict of interest, as their may be a financial incentive for these advisors to sell a product to clients that isn’t the best choice for them, based on the potential for a higher commission. When acting as an advisor, they are required to act in the clients best interest -- still, keep in mind this conflict if an advisor is looking to sell you insurance or any other financial product.

It is also worth noting that the firm does have disclosures on its record in the past 10 years.

Disclosures

CMS’ SEC filing notes disclosures related to the following:

  • Violation of investment-related regulations or statutes
  • Order entered by a regulatory agency related to an investment-related activity

Where Is Capital Management Services, Inc.  Located?

The firm is located at  410 Sovereign Court, Suite 14 Manchester, Missouri 63011 

Opening an Account With Capital Management Services, Inc. 

To open an account, use this page or call (636) 207-5829. 

Tips for Investment

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How Many Years $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 To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

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%. This reflects the typical return on a conservative investment portfolio. 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