Updated:
Capstone Financial Advisors
Capstone Financial Advisors is an SEC-registered investment adviser in Downers Grove, IL, registered since 1999. The firm manages $2.9 billion in regulatory...
Capstone Financial Advisors
Capstone Financial Advisors is an SEC-registered investment adviser in Downers Grove, IL, registered since 1999. The firm manages $2.9 billion in regulatory assets under management, $2.9 billion on a discretionary basis. It has 30 employees and 25 investment advisers.
General information
Firm type
Multi Family Office
Year founded
1999
Location
Region
North America
Country
United States
City
Downers Grove
Corporate office
Downers Grove, IL, United States
Principals
Tim Adkins
President & Founding Partner
Sector focus
Frequently asked questions
Who runs investment decisions at Capstone Financial Advisors?
President and founding partner Tim Adkins leads the firm, along with a team of senior advisors. Capstone structures its investment committee internally, drawing on partners who have been with the practice for most of its multi-decade history. Specific committee members beyond Mr. Adkins are not publicly listed.
Is Capstone structured as an RIA or does it operate under a broker-dealer?
Capstone Financial Advisors is an independent registered investment advisor (RIA). It holds no broker-dealer affiliation and charges fees directly to clients rather than earning commissions on product sales. The firm's own website domain and public filings confirm the RIA-only model.
Does Capstone participate in fund commitments or only direct portfolios?
Capstone constructs client portfolios using a combination of individual securities and third-party fund vehicles. For qualified clients, the firm evaluates and allocates to external private alternative funds but does not operate or sponsor its own proprietary funds. The decision to include a fund commitment is made on a per-client suitability basis.
How does Capstone source its new clients?
Client growth comes almost entirely through referrals from existing clients and from allied professionals such as CPAs and attorneys who work with business owners on exit planning or tax strategy. The firm does not advertise nationally and maintains a concentrated presence in the greater Chicago region.
Does Capstone prepare tax returns in-house, or does it refer out?
Capstone provides in-house tax preparation and planning as a core service line, distinguishing it from many RIAs that coordinate with external CPAs. The integration of tax, investment, and estate planning under one roof is the firm's central operating thesis since its 1999 founding.
Has Capstone taken outside capital or sold equity to a private-equity firm?
There is no public record of Capstone Financial Advisors taking external private-equity capital, selling a stake to a consolidator, or merging with another RIA platform. The firm appears to remain wholly owned by its founding and senior partners.
What is Capstone's known posture on alternative investments like private equity and hedge funds?
Capstone evaluates and uses third-party alternative investment strategies for clients whose circumstances warrant illiquid or less correlated exposures. The firm does not disclose a firm-wide target allocation, treating alternatives as a client-by-client decision within the broader planning framework rather than a house mandate.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: