Capital Management Services, Inc. (CMS) is a fee-based advisor in Manchester, Missouri. It manages more than $97 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 Background
James M. Gissy founded CMS in 1986 and currently serves as the president. His son Joseph Gissy is the chief operating officer.
Capital Management Services Client Types and Minimum Account Sizes
All of the clients at CMS are non-high-net-worth individuals. The firm also offers its services to trusts, estates, businesses and employee benefit plans.
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
A variety of services are available at CMS:
- Portfolio management
- Tactical asset allocation
- Model portfolios
- Retirement income strategies
- Life insurance
Capital Management Services Investment Philosophy
According to CMS’ filings with the Securities and Exchange Commission (SEC), tactical asset allocation is the primary investment strategy it employs. It generally invests 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
The following fee schedule applies to CMS’ asset management services:
|Account Balance||Annual Fee|
|$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.
These fees are higher than the industry average, which is 0.95%, according to a 2018 study of 1,500 firms by RIA in a Box. Here is the estimated dollar amount you'd pay in advisory fees based on the size of your account:
|*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 Management Services*|
|Your Assets||Annual Fee Amount|
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.
Learn more about advisors' typical costs here.
What to Watch Out For
CMS’ SEC filings report disclosures related to the following:
- Violation of investment-related regulations or statutes
- Order entered by a regulatory agency related to an investment-related activity
Also worth noting: as mentioned before, 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 recommend some products over others. That said, when acting as an advisor, they are required by law to work in the client's best interest.
Opening an Account With Capital Management Services
To open an account, visit this page or call (636) 207-5829.
All information is accurate as of the writing of this article.
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