Wealth manager, independent · Indianapolis, IN
Capital Cities Investments
SEC-registered investment adviser · CRD 116185 · SEC 801-69504
At a glance
Capital Cities Investments is an SEC-registered investment adviser based in Indianapolis, Indiana, with $288 million in regulatory assets under management as of its Form ADV filed April 1, 2026. Its largest client group by assets is high-net-worth individuals, and it reports 476 individual clients. By Form ADV it is a wealth manager, ranked 4,508th of 8,915 wealth managers and 10,368th of 17,210 SEC-registered advisers by assets.
Main office 317-475-4500capitalcitiesinvestments.comAs filed on Form ADV
- Regulatory AUM
- $288M
- Rank among wealth managers
- #4,508 of 8,915
- Rank among all SEC RIAs
- #10,368 of 17,210
- Rank in Indiana
- #91 of 146
- Individual clients
- 476
- High-net-worth clients
- 64
- Accounts
- 1,252
- Discretionary
- 100% of AUM
- Employees
- 16
- Advisory staff
- 14
- Offices
- 5
Owners and executives on its Form ADV
- William M. MaugerChairman of the Board/chief Compliance Officer/managing Member
- Joe B. WileyPresident/member
- Amanda J. BlackChief Executive Officer/member
- Tiffany J. SpudichMember/chief Client Officer
- Bryan K. AlexanderMember
Custody and brokerage
Broker-dealer
Hybrid RIA
Capital Cities Investments is a hybrid RIA: 3 of its employees are also registered representatives of a broker-dealer.
Its Form ADV brochure (filed April 2026) names Silver Oak Securities as the broker-dealer its advisers are registered with.
's investment adviser representatives are also registered representatives with Silver Oak Securities, a securities broker-dealer, and a member of the Financial Industry Regulatory Authority and the Securities Investor Protection Corporatio
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 64 | $146M | 51% |
| Individuals | 412 | $142M | 49% |
Disciplinary disclosures
Capital Cities Investments 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
- Pension consulting
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
- Commissions
Form ADV and brochures on the SEC’s adviser search ↗capitalcitiesinvestments.com ↗
AtlasMembers
The full record on Capital Cities Investments
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
- Locked
- Growth over one, three and five years
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- Rank against 6,514 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 5 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Capital Cities Investments manage?
Capital Cities Investments reports $288 million in regulatory assets under management across 1,252 accounts, 100% of it on a discretionary basis, on its Form ADV filed April 1, 2026.
What kind of firm is Capital Cities Investments?
Capital Cities Investments is a wealth manager by its Form ADV answers. At least half of its regulatory assets are managed for individuals and high-net-worth individuals.
Who are Capital Cities Investments’s clients?
By assets, its largest client types are high-net-worth individuals ($146 million, 64 clients); individuals ($142 million, 412 clients).
Does Capital Cities Investments have any disciplinary history?
Capital Cities Investments reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Capital Cities Investments’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 (2026-04-01), 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). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. 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 →