SEC-registered firm
Registration does not mean the SEC approves or recommends the firm, and it does not imply a certain level of skill or training.
Capital Management Associates Inc
Minneapolis, MN
CRD 105010
Firm filing updated March 17, 2026 ·
- $1.9BAssets
- 932Clients
- 17Advisory staff
- 931Accounts
Fees and minimums
- Hourly feesAsk the firm for the rate
All fee types on the form
- Percentage of assets under managementYes
- Hourly chargesYes
- Fixed feesYes
- Subscription fees (for a newsletter or periodical)No
- CommissionsNo
- Performance-based feesNo
- OtherNo
Who the firm serves
- Individuals560
- High net worth individuals317
- Pension and profit sharing plans41
- Charities8
- Corporations or other businesses6
See the client table
| Client type | Approximate number of clients | Assets |
|---|---|---|
| Individuals (other than high net worth) | 560 | $194.0 million |
| High net worth individuals | 317 | $1.3 billion |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 41 | $322.1 million |
| Charitable organizations | 8 | $21.7 million |
| Corporations or other businesses not listed above | 6 | $7.7 million |
What the client labels mean
Here, "individuals" includes trusts, estates, and IRAs of individuals. A "high net worth individual" is a qualified client or qualified purchaser.
Services
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
See all 6 services
- Pension consulting services
- Selection of other advisors (including private fund managers)
- Other: "FINANCIAL & BUSINESS CONSULTING"
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisors (including private fund managers)
- Other: "FINANCIAL & BUSINESS CONSULTING"
Assets and accounts
- Regulatory assets$1.9 billion
- Accounts931
- Discretionary$784.8 million · 514 accounts
- Non-discretionary$1.1 billion · 417 accounts
People
- Employees17
- Advisory staff17
- Broker-dealer reps17
- Licensed insurance agents9
- Planning clients500
Advisors
3 advisors with a profile on Advisable
Listed A to Z by last name. Not a ranking.
Registration details
- SEC-registered investment advisor. CRD 105010, SEC file 801-35808.
- Registered with the SEC as an investment advisor (status date on record: January 2, 1990).
Is Capital Management Associates Inc a fiduciary?
Short answer: Capital Management Associates Inc is registered with the SEC as an investment advisor.
More detail
Some of its people may also act in other roles, such as for a broker-dealer or as insurance agents, where different rules apply. Details below.
The SEC put it this way in 2019: 'Under federal law, an investment adviser is a fiduciary.'
Some of the firm's people may also act for a broker-dealer: 17 staff are broker-dealer representatives, the firm is itself a broker-dealer, the firm is itself a registered representative of a broker-dealer and the firm has a related broker-dealer. When someone acts for a broker-dealer, a different SEC standard, Regulation Best Interest, applies to their recommendations. Ask which role they are acting in.
9 staff are licensed insurance agents, the firm is itself an insurance broker or agent and the firm has a related insurance company or agency.
The firm's Form CRS explains its services, fees and conflicts in plain language: Form CRS.
About this data
Informational only. Advisable Finance is not an investment advisor, does not give investment advice, and does not endorse any advisor.