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Capital Management Services Review

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Capital Management Services, Inc.

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:

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
$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.

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
$25K $500
$50K $1,000
$100K $2,000
$300K $6,000
$500K $8,750
$1MM $15,000
$5MM $62,500

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.

Tips for Rookie Investors

  • Don't go it alone. To find the right financial advisor for you, use SmartAsset’s free matching tool. It connects you with financial advisors in your area in 5 minutes. If you’re ready to be matched with local advisors who can help you achieve your financial goals, get started now.
  • Interested in seeing what your investments might look like after a number of years of maturing? Get a sense with SmartAsset’s investment calculator.

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