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RIA / WealthRegistered adviserindependent wealth managerSEC registeredRAUM 100m 1b

CAPSTONE WEALTH ADVISORS, LLC

CRD 287670

SALEM, OR

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:11e55119-28db-07c4-aee8-6a73622e12a3

Data as of Mar 31, 2026 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 5:39 AM UTC and rebuilt at most every 15 minutes.

Relationships: 18
Dated events: 19
On other graphs: 0
Observed: Feb 16, 2017 to Mar 31, 2026
34 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: independent wealth managerderivedprivate_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0
Regulatory AUM: $102MItem 5.F on the latest filing (2026-03-31); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $102M
Private client RAUM: $102MderivedItem 5.D individuals plus high net worth individuals
Private client share: 100%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 2
RAUM per advisor: $51.2Mderivedthe firm's RAUM over its IAPD headcount: a firm average, never a person's book
Employees: 3
Advisory employees: 2
Offices: 1Schedule D 1.F, beyond the principal office
Accounts: 422
Individual clients: 93
High net worth clients: 32
SEC number: 801-110036
CRD: 287670
Filings on the tape: 34
First filed: Feb 16, 2017
Latest filed: Mar 31, 2026
Organised: Limited Liability Company, OR
Website: capstonewealthadvisors.com

Advisors on IAPD

current investment adviser representatives on the IAPD individual feed, longest tenure first

Advisor	Designations	Branch	Years here	In industry	Prior firms	Dual registered
ROBERT TELFORD NORTON	n/a	SALEM, OR	9	26	3	no
Jacob Arrowsmith Wihtol	n/a	SALEM, OR	0	10	n/a	no

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
NORTON, ROBERT, TELFORD	CHIEF COMPLIANCE OFFICER	D	yes	02/2017	Feb 16, 2017	Mar 11, 2024
SKOGSTAD, RYAN, ALLEN	MEMBER AND INVESTMENT ADVISOR REPRESENTATIVE	D	yes	02/2017	Feb 16, 2017	Mar 11, 2024

Offices

Schedule D 1.F offices beyond the principal office; street addresses are not published

City	State	Country	Employees	Also broker-dealer
Bellingham	Wa	United States	2	no
LAS VEGAS	Nv	United States	1	no
Bellevue	Wa	United States	1	no

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2025	Mar 31, 2026	$102M	$102M	3	2	1	n/a	n/a
2024	Feb 11, 2025	$721M	$721M	2	2	1	n/a	n/a
2023	Mar 11, 2024	$721M	$721M	11	11	3	n/a	n/a
2022	Mar 24, 2023	$652M	$652M	9	9	3	n/a	n/a
2021	Mar 24, 2022	$672M	$672M	8	8	3	n/a	n/a
2020	Mar 26, 2021	$568M	$568M	9	9	2	n/a	n/a
2019	Mar 30, 2020	$194M	$194M	7	5	2	n/a	n/a
2018	Mar 26, 2019	$305M	$305M	9	7	2	n/a	n/a
2017	Jul 13, 2018	$236M	$236M	7	5	0	n/a	n/a

Advisor flows

derived: registrations beginning and ending at this CRD on IAPD, bulk corporate re-registrations excluded; the rate is departures over IAPD headcount

Joined, 12m	Left, 12m	Net, 12m	Departure rate, 12m	Joined, 90d	Left, 90d	Left, no destination yet	Joined, 36m	Left, 36m
0	0	0	0.0%	0	0	0	0	9

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2025	$102M	$721M	-85.8%	$652M	-46.1%	3	2	1	1

Teams out

two or more advisors whose registrations ended here and began at one firm together: a fact of two dates, not a prediction

Other firm	Advisors	First left	Last joined	From	Kind	Move type	Share of firm
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	3	Feb 11, 2025	Feb 12, 2025	SALEM, OR	Team lift out	RIA to ibd	30.0%
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	2	Feb 11, 2025	Feb 3, 2025	SAMMAMISH, WA	Team lift out	RIA to ibd	20.0%

Teams in

teams that arrived here from one firm together

Other firm	Advisors	First left	Last joined	From	Kind	Move type	Share of firm
WADDELL & REED	2	Jul 27, 2020	Jul 27, 2020	SEATTLE, WA	Team lift out	Ibd to RIA	0.2%
WELLS FARGO ADVISORS	3	Mar 14, 2017	Mar 10, 2017	SALEM, OR	Team lift out	Wirehouse to new firm	0.2%

Relationships

Registered with (13)

← Jacob Arrowsmith WihtolAdvisorregistration: current employment
Dec 4, 2025 to presentfactForm ADV
← ROBERT TELFORD NORTONAdvisorregistration: current employment
Mar 10, 2017 to presentfactForm ADV
← TYLER EUGENE RYANAdvisorregistration: previous registration
Dec 11, 2019 to Jul 29, 2025factForm ADV
← LETTIE ELIZABETH SIHOTAAdvisorregistration: previous registration
Nov 6, 2019 to Jul 29, 2025factForm ADV
← Steven Gary HoglundAdvisorregistration: previous registration
Oct 17, 2018 to Feb 11, 2025factForm ADV
← Ryan SkogstadAdvisorregistration: previous registration
Mar 10, 2017 to Feb 11, 2025factForm ADV
← KYLE JAY RUSSELLAdvisorregistration: previous registration
Feb 8, 2022 to Feb 11, 2025factForm ADV
← Shawn SkogstadAdvisorregistration: previous registration
Jul 27, 2020 to Feb 11, 2025factForm ADV
← Kosuke TakahashiAdvisorregistration: previous registration
Sep 28, 2018 to Feb 11, 2025factForm ADV
← Brett SkogstadAdvisorregistration: previous registration
Jul 27, 2020 to Feb 11, 2025factForm ADV
← Brian Morris FelshawAdvisorregistration: previous registration
Mar 11, 2021 to Feb 11, 2025factForm ADV
← ALICIA M MARTINEZAdvisorregistration: previous registration
Mar 13, 2020 to Aug 30, 2021factForm ADV
← MICHAEL BERT COURSEYAdvisorregistration: previous registration
Mar 10, 2017 to Dec 13, 2019factForm ADV

Moved with (3)

→ WEALTH ENHANCEMENT ADVISORY SERVICES, LLCRegistered adviser4 advisors, team lift out, same day
Feb 11, 2025 to Feb 12, 2025factForm ADV
← WADDELL & REEDRegistered adviser2 advisors, team lift out
Jul 27, 2020 to Jul 27, 2020factForm ADV
← WELLS FARGO ADVISORSRegistered adviser3 advisors, team lift out, same day
Mar 14, 2017 to Mar 10, 2017factForm ADV

Controls (2)

← NORTON, ROBERT, TELFORDOwnerCHIEF COMPLIANCE OFFICER, ownership code D, individual
Feb 16, 2017 to Mar 11, 2024factForm ADV
← SKOGSTAD, RYAN, ALLENOwnerMEMBER AND INVESTMENT ADVISOR REPRESENTATIVE, ownership code D, individual
Feb 16, 2017 to Mar 11, 2024factForm ADV

Dated events

Occurred
Mar 31, 2026
Regulatory AUM changed
Capstone Wealth Advisors, Llc reported RAUM $102.4M, down 56% from $230.4M (2025-07-29 to 2026-03-31)
Form ADVobserved 6 days ago
$-128M
Occurred
Jul 29, 2025
Regulatory AUM changed
Capstone Wealth Advisors, Llc reported RAUM $230.4M, down 68% from $720.9M (2025-02-11 to 2025-07-29)
Form ADVobserved 6 days ago
$-490M
Occurred
Jul 29, 2025
Advisor changed firm
Lettie Elizabeth Sihota left Capstone Wealth Advisors, Llc for Capstone Ria (registered 2025-02-26)
Form ADVobserved 6 days ago
Occurred
Jul 29, 2025
Advisor changed firm
Tyler Eugene Ryan left Capstone Wealth Advisors, Llc for Capstone Ria (registered 2025-02-27)
Form ADVobserved 6 days ago
Occurred
Feb 11, 2025
Team lift-out
4 advisors left Capstone Wealth Advisors, LLC (Salem, OR) for Wealth Enhancement Advisory Services, LLC on the same day
Form ADVobserved 5 days ago
4 advisors
Occurred
Feb 11, 2025
Team lift-out
2 advisors left Capstone Wealth Advisors, LLC (Sammamish, WA) for Wealth Enhancement Advisory Services, LLC on the same day
Form ADVobserved 4 days ago
2 advisors
Occurred
Feb 11, 2025
Advisor changed firm
Shawn Skogstad left Capstone Wealth Advisors, Llc for Wealth Enhancement Advisory Services, Llc (registered 2025-02-03)
Form ADVobserved 6 days ago
Occurred
Feb 11, 2025
Advisor changed firm
Kosuke Takahashi left Capstone Wealth Advisors, Llc for Wealth Enhancement Advisory Services, Llc (registered 2025-02-03)
Form ADVobserved 6 days ago
Occurred
Feb 11, 2025
Advisor changed firm
Brett Skogstad left Capstone Wealth Advisors, Llc for Wealth Enhancement Advisory Services, Llc (registered 2025-02-03)
Form ADVobserved 6 days ago
Occurred
Feb 11, 2025
Advisor changed firm
Brian Morris Felshaw left Capstone Wealth Advisors, Llc for Wealth Enhancement Advisory Services, Llc (registered 2025-02-03)
Form ADVobserved 6 days ago
Occurred
Feb 11, 2025
Advisor changed firm
Steven Gary Hoglund left Capstone Wealth Advisors, Llc for Wealth Enhancement Advisory Services, Llc (registered 2025-02-12)
Form ADVobserved 6 days ago
Occurred
Feb 11, 2025
Advisor changed firm
Ryan Skogstad left Capstone Wealth Advisors, Llc for Wealth Enhancement Advisory Services, Llc (registered 2025-02-03)
Form ADVobserved 6 days ago
Occurred
Feb 11, 2025
Advisor changed firm
Kyle Jay Russell left Capstone Wealth Advisors, Llc for Global Retirement Partners Llc (registered 2025-04-01)
Form ADVobserved 6 days ago
Occurred
Mar 26, 2021
Regulatory AUM changed
Capstone Wealth Advisors, Llc reported RAUM $568.1M, up 193% from $193.6M (2021-03-26 to 2021-03-26)
Form ADVobserved 6 days ago
$375M
Occurred
Mar 30, 2020
Regulatory AUM changed
Capstone Wealth Advisors, Llc reported RAUM $193.6M, down 36% from $304.6M (2019-12-13 to 2020-03-30)
Form ADVobserved 6 days ago
$-111M
Occurred
Mar 30, 2020
Control person left
Ray Ronald Boucher (Member And Investment Advisor Representative) no longer on Schedule A of Capstone Wealth Advisors, Llc (listed 2019-12-13, absent 2020-03-30)
Form ADVobserved 6 days ago
Occurred
Mar 30, 2020
Control person left
Benny Wing Won (Member And Investment Advisor Representative) no longer on Schedule A of Capstone Wealth Advisors, Llc (listed 2019-12-13, absent 2020-03-30)
Form ADVobserved 6 days ago
Occurred
Mar 30, 2020
Control person left
Bert Michael Coursey (Member And Investment Advisor Representative) no longer on Schedule A of Capstone Wealth Advisors, Llc (listed 2019-12-13, absent 2020-03-30)
Form ADVobserved 6 days ago
Occurred
Feb 16, 2017
First Form ADV filing
Capstone Advisors Alliance filed its initial SEC registration (Form ADV)
Form ADVobserved 6 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:11e55119-28db-07c4-aee8-6a73622e12a3
First observed: Feb 16, 2017
Last observed: Mar 31, 2026 5 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

CAPSTONE WEALTH ADVISORS, LLC

CRD 287670

SALEM, OR

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:11e55119-28db-07c4-aee8-6a73622e12a3

Data as of Mar 31, 2026 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 5:39 AM UTC and rebuilt at most every 15 minutes.

Advisor

Designations

Branch

Years here

In industry

Prior firms

Dual registered

ROBERT TELFORD NORTON

n/a

SALEM, OR

Jacob Arrowsmith Wihtol

n/a

SALEM, OR

n/a

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

NORTON, ROBERT, TELFORD

CHIEF COMPLIANCE OFFICER

yes

02/2017

Feb 16, 2017

Mar 11, 2024

SKOGSTAD, RYAN, ALLEN

MEMBER AND INVESTMENT ADVISOR REPRESENTATIVE

yes

02/2017

Feb 16, 2017

Mar 11, 2024

City

State

Country

Employees

Also broker-dealer

Bellingham

United States

LAS VEGAS

United States

Bellevue

United States

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Mar 31, 2026

$102M

n/a

2024

Feb 11, 2025

$721M

n/a

2023

Mar 11, 2024

$721M

n/a

2022

Mar 24, 2023

$652M

n/a

2021

Mar 24, 2022

$672M

n/a

2020

Mar 26, 2021

$568M

n/a

2019

Mar 30, 2020

$194M

n/a

2018

Mar 26, 2019

$305M

n/a

2017

Jul 13, 2018

$236M

n/a

Joined, 12m

Left, 12m

Net, 12m

Departure rate, 12m

Joined, 90d

Left, 90d

Left, no destination yet

Joined, 36m

Left, 36m

0.0%

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2025

$102M

$721M

-85.8%

$652M

-46.1%

Other firm

Advisors

First left

Last joined

From

Kind

Move type

Share of firm

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC

Feb 11, 2025

Feb 12, 2025

SALEM, OR

Team lift out

RIA to ibd

30.0%

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC

Feb 11, 2025

Feb 3, 2025

SAMMAMISH, WA

Team lift out

RIA to ibd

20.0%

Other firm

Advisors

First left

Last joined

From

Kind

Move type

Share of firm

WADDELL & REED

Jul 27, 2020

SEATTLE, WA

Team lift out

Ibd to RIA

0.2%

WELLS FARGO ADVISORS

Mar 14, 2017

Mar 10, 2017

SALEM, OR

Team lift out

Wirehouse to new firm

0.2%