Wealth manager, independent · Shaker Heights, OH
Capital Advisors, LTD., LLC
SEC-registered investment adviser · CRD 153600 · SEC 801-71559
At a glance
Capital Advisors, LTD., LLC is an SEC-registered investment adviser based in Shaker Heights, Ohio, with $1.4B in regulatory assets under management as of its Form ADV filed August 27, 2026. It reports 1,058 individual clients, 597 of them high-net-worth, holding an average of about $1.2 million each, and 14 employees. That ranks it 814th among the nation’s 5,657 independent wealth management RIAs and 39th of 226 in Ohio. It reports 2 custodians for its clients’ separately managed accounts: BNY Pershing and Charles Schwab.
Main office 216-295-7900capitaladvisorsltd.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.4B
- Rank among independent wealth managers
- #814 of 5,657
- Rank among all SEC RIAs
- #4,520 of 17,210
- Rank in Ohio
- #39 of 226
- Individual clients
- 1,058
- High-net-worth clients
- 597
- Accounts
- 1,106
- Discretionary
- 100% of AUM
- Employees
- 14
- Advisory staff
- 11
- Offices
- 11
Owners and executives on its Form ADV
- Mark A. CiullaChief Compliance Officer, Managing Director, and Co-Managing Member
- Neil R. WaxmanManaging Director, and Co-Managing Member
- Patrick T. HanrattyManaging Director, and Elected Co-Managing Member
Custody and brokerage
Broker-dealer
Hybrid RIA
Capital Advisors, LTD., LLC is a hybrid RIA: 12 of its employees are also registered representatives of a broker-dealer.
Its Form ADV brochure (filed March 2026) names Lincoln Investment as the broker-dealer its advisers are registered with.
isors’ financial planning advice, including representatives of Capital Advisors in their separate capacities as registered representatives of Lincoln Investment and as licensed insurance agents (as discussed below at Items 5.E. and 10.C.).
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 597 | $1.2B | 89% |
| Individuals | 461 | $83M | 6% |
| Pension and profit sharing plans | 28 | $30M | 2% |
| Corporations or other businesses | 13 | $24M | 2% |
| Charitable organizations | 7 | $11M | <1% |
Disciplinary disclosures
Capital Advisors, LTD., LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗capitaladvisorsltd.com ↗
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- Assets, accounts, clients and staff, ten years of filings
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Similar-size RIAs in Ohio
All of Ohio →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Antolino Wealth AdvisorsColumbus | $1.4B | 944 |
| Souders Financial Advisors, LLCCincinnati | $1.4B | 1,275 |
| Journey Wealth ManagementCleveland | $1.4B | 862 |
| Wealth Dimensions Group, LTD.Cincinnati | $1.2B | 704 |
| HCM Wealth AdvisorsCincinnati | $1.2B | 850 |
| TCP Asset Management, LLCUpper Arlington | $1.2B | 2,221 |
Background
Questions
How much does Capital Advisors, LTD., LLC manage?
Capital Advisors, LTD., LLC reports $1.4B in regulatory assets under management across 1,106 accounts, 100% of it on a discretionary basis, on its Form ADV filed August 27, 2026.
How many clients does Capital Advisors, LTD., LLC have?
It reports 1,058 individual clients: 597 high-net-worth individuals and 461 other individuals. Individuals account for about 95% of its regulatory assets.
Where is Capital Advisors, LTD., LLC headquartered?
Its main office is in Shaker Heights, Ohio. It reports 11 offices in total and 14 employees, 11 of whom perform investment advisory functions.
How does Capital Advisors, LTD., LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Capital Advisors, LTD., LLC use?
It reports 2 custodians for its clients’ separately managed accounts: BNY Pershing and Charles Schwab. On Schedule D of its Form ADV filed August 27, 2026, it reports these amounts held: BNY Pershing ($778M); Charles Schwab ($544M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Capital Advisors, LTD., LLC a hybrid RIA with a broker-dealer?
Capital Advisors, LTD., LLC is a hybrid RIA: 12 of its employees are also registered representatives of a broker-dealer. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Capital Advisors, LTD., LLC a fiduciary?
As an SEC-registered investment adviser, Capital Advisors, LTD., LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 12 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Capital Advisors, LTD., LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-08-27), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →