DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Capital Management Associates Inc
Latest filing Mar 17, 2026
First filing on the tape Mar 13, 2012 · 42 filings
SEC status approved since Jan 2, 1990
RAUM
$1.9B
reported, Item 5.F
Discretionary
42%
of RAUM
Private clients
81%
$1.5B individuals and HNW
Advisors
14
registered through the firm on IAPD
RAUM per advisor
$134M
derived; firm RAUM over IAPD count
Employees
17
17 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
42 filings and snapshots on the tape
RAUM$1.9B as of Mar 17, 2026
Mar 13, 2012$275M then
HNW client RAUM$1.3B as of Mar 17, 2026
Mar 23, 2018$545M then
State-registered IARs (5.B.3)0 as of Mar 17, 2026
Mar 15, 20136 then
Employees (5.A)17 as of Mar 17, 2026
Mar 15, 20138 then
Private funds: no history
RAUM +15% over the last fiscal year+14% a year over threeIARs 1 to 0
Practice profile
derived from the filing of Mar 17, 2026; every figure names its basis
Archetypes, each a printed rule
- Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- Planning-led practice · financial planning activity (5.G.1), at least 100 financial planning clients (5.H), and hourly, fixed or subscription compensation (5.E)
- Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
- RAUM per advisor
- $134MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 63derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $4.2MderivedHNW RAUM over HNW clients
- Average account
- $2.0MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 42%derivedof RAUM
- Institutional
- 18%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.2derivedItem 5.A over advisors
- Advisors per office
- 4.7derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +15%derivedbetween the last two annual amendments
- Advisor growth, one year
- -100%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +0.6%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, otherreportedItem 5.G
- Financial planning clients
- 500reportedItem 5.H
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- is a broker-dealer (6.A.1)
- is an insurance broker or agent (6.A.6)
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- a related person has custody of client cash (9.B.1.a)
- an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$1.3B71%
- Pension and profit-sharing plans$322M17%
- Individuals$194M10%
- Charitable organizations$21.7M1.2%
- Corporations and businesses$7.7M0.4%
- Individual clients
- 560reported
- HNW clients
- 317reported
- Pension plan clients
- 41reported
- Charitable clients
- 8reported
- Accounts
- 931reported
- Financial planning clients
- 500reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.81 fund_share=0.0 institutional_share=0.18 related_bd=true related_bank=false bd_reps=17.0derived
Advisors registered through the firm
14 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Gregory Alan Stroh | Minneapolis, Mn | Jun 7, 1994 | 46 y | 0 |
| Thomas Alfred LuingCertified Financial Planner | Minneapolis, Mn | Sep 14, 2011 | 39 y | 1 |
| Robert Allen CooperCertified Financial Planner | Minneapolis, Mn | Dec 20, 2013 | 21 y | 0 |
| Melissa Leah Glennie | Minneapolis, Mn | Jan 13, 2014 | 32 y | 0 |
| Robert Doran Shepard | Minneapolis, Mn | Jan 13, 2014 | 42 y | 0 |
| Scott Cameron Foreman | Minneapolis, Mn | Aug 1, 2016 | 27 y | 1 |
| John Edwin TruckenbrodCertified Financial Planner | Minneapolis, Mn | Aug 1, 2016 | 38 y | 1 |
| Jane Bonnie Truckenbrod | Minneapolis, Mn | Aug 2, 2016 | 30 y | 1 |
| Alexander Luing PengellyCertified Financial Planner | Minneapolis, Mn | Mar 18, 2017 | 10 y | 0 |
| Herbert Morse Richardson | Minneapolis, Mn | Feb 26, 2019 | 31 y | 0 |
| Michelle Henderson White | Minneapolis, Mn | Apr 6, 2021 | 24 y | 0 |
| Fong Her | Minneapolis, Mn | Apr 23, 2021 | 12 y | 2 |
| Gregory Brian Paine | Minneapolis, Mn | Apr 1, 2022 | 17 y | 3 |
| Matthew Paul SerranoCertified Financial Planner | Minneapolis, Mn | Oct 15, 2025 | 13 y | 2 |
Advisor movement
1 left, 1 joined in 12 months
net 0 in 12 months1 left in 90 days0 joined in 90 daysdeparture rate 7.1% of current headcount1 left over 36 months
Left, latest
- Amanda Cribbs to J.P. Morgan Securities LLCJul 6, 2026 · RIA to wirehouse
- Michael Gregory Mccool to Jones Kertz & Associates, Inc.Feb 3, 2021 · RIA to RIA
- Jon James Melander to Capstone Advisory Group LLCMar 8, 2012 · Other
- Steven Douglas Carlson to Keystone Wealth Advisors, IncorporatedJun 1, 2010 · Other
- Berthel Andrew Olsen to Keystone Wealth Advisors, IncorporatedJun 1, 2010 · Other
Joined, latest
- Matthew Paul Serrano from RBC Capital Markets, LLCOct 15, 2025 · Affiliated broker-dealer or bank to independent RIA
- Amanda Cribbs from Morgan StanleyMay 19, 2025 · Wirehouse to independent RIA
- Gregory Brian Paine from Osaic Institutions, Inc.Apr 1, 2022 · Affiliated broker-dealer or bank to independent RIA
- Fong Her from Wells Fargo AdvisorsApr 23, 2021 · Wirehouse to independent RIA
- Michael Gregory Mccool from Vsr Advisory ServicesAug 2, 2016 · Other
- Jane Bonnie Truckenbrod from Vsr Advisory ServicesAug 2, 2016 · Other
- Scott Cameron Foreman from Vsr Advisory ServicesAug 1, 2016 · Other
- John Edwin Truckenbrod from Vsr Advisory ServicesAug 1, 2016 · Other
- Thomas Alfred Luing from LPL Financial LLCSep 14, 2011 · Other
- Jon James Melander from RBC Capital Markets, LLCJun 26, 2006 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 3 joined from Vsr Advisory ServicesJul 29, 2016 · Overland Park, Ks
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Leah Melissa Glennie · Chief Compliance Officer/Cfo, Coocontrolsince 01/2024 · owns less than 5%
- Alan Gregory Stroh · Chief Executive Officer, Chairmancontrolsince 01/1992 · owns 25% to 50%
- Leah Melissa Glennie · Executive Officercontrolsince 03/2008 · owns F of Cma Financial, Inc
- Alfred Thomas Luing · Shareholdercontrolsince 12/2019 · owns 25% to 50% of Cma Financial, Inc
- Alan Gregory Stroh · Shareholdercontrolsince 06/1982 · owns 25% to 50% of Cma Financial, Inc
- Alfred Thomas Luing · Presidentsince 05/2018 · owns 25% to 50%
Entity owners
- Cma Financial, Inc · Ownerdirect · owns less than 5%
Related persons
Schedule D 7.A
- Capital Management Securities, Inc.broker-dealern
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Minneapolis, Mn · principal | 14 | 1 | 1 | ||
| Faribault, Mn | 2 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Minneapolis, MN4 employees
- , 1 employees
- Faribault, MN1 employees
What changed
consecutive filings, newest first
- Accounts · 932 to 931Mar 14, 2025 to Mar 17, 2026
- Corporate clients · 9 to 6Mar 14, 2025 to Mar 17, 2026
- HNW clients · 283 to 317Mar 14, 2025 to Mar 17, 2026
- Individual clients · 589 to 560Mar 14, 2025 to Mar 17, 2026
- Pension plan clients · 43 to 41Mar 14, 2025 to Mar 17, 2026
- State-registered IARs · 1 to 0Mar 14, 2025 to Mar 17, 2026
- Discretionary RAUM · $776M to $785MMar 14, 2025 to Mar 17, 2026
- HNW RAUM · $1.1B to $1.3BMar 14, 2025 to Mar 17, 2026
- Individual RAUM · $202M to $194MMar 14, 2025 to Mar 17, 2026
- Non-discretionary RAUM · $852M to $1.1BMar 14, 2025 to Mar 17, 2026
- Pension RAUM · $305M to $322MMar 14, 2025 to Mar 17, 2026
- RAUM · $1.6B to $1.9BMar 14, 2025 to Mar 17, 2026
- Accounts · 857 to 932Mar 7, 2024 to Mar 14, 2025
- Charity clients · 6 to 8Mar 7, 2024 to Mar 14, 2025
- Corporate clients · 4 to 9Mar 7, 2024 to Mar 14, 2025
- HNW clients · 276 to 283Mar 7, 2024 to Mar 14, 2025
- Individual clients · 528 to 589Mar 7, 2024 to Mar 14, 2025
- Pension plan clients · 41 to 43Mar 7, 2024 to Mar 14, 2025
- Financial planning clients · More than 500 to More than 500Mar 7, 2024 to Mar 14, 2025
- State-registered IARs · 15 to 1Mar 7, 2024 to Mar 14, 2025
- Other offices · 3 to 2Mar 7, 2024 to Mar 14, 2025
- Discretionary RAUM · $701M to $776MMar 7, 2024 to Mar 14, 2025
- HNW RAUM · $1.2B to $1.1BMar 7, 2024 to Mar 14, 2025
- Individual RAUM · $183M to $202MMar 7, 2024 to Mar 14, 2025
- Non-discretionary RAUM · $1.0B to $852MMar 7, 2024 to Mar 14, 2025
- Pension RAUM · $279M to $305MMar 7, 2024 to Mar 14, 2025
- RAUM · $1.7B to $1.6BMar 7, 2024 to Mar 14, 2025
- Accounts · 836 to 857Mar 2, 2023 to Mar 7, 2024
- Charity clients · 5 to 6Mar 2, 2023 to Mar 7, 2024
- Corporate clients · 6 to 4Mar 2, 2023 to Mar 7, 2024
- HNW clients · 249 to 276Mar 2, 2023 to Mar 7, 2024
- Individual clients · 533 to 528Mar 2, 2023 to Mar 7, 2024
- Pension plan clients · 43 to 41Mar 2, 2023 to Mar 7, 2024
- Discretionary RAUM · $588M to $701MMar 2, 2023 to Mar 7, 2024
- HNW RAUM · $809M to $1.2BMar 2, 2023 to Mar 7, 2024
- Individual RAUM · $161M to $183MMar 2, 2023 to Mar 7, 2024
- Non-discretionary RAUM · $668M to $1.0BMar 2, 2023 to Mar 7, 2024
- Pension RAUM · $269M to $279MMar 2, 2023 to Mar 7, 2024
- RAUM · $1.3B to $1.7BMar 2, 2023 to Mar 7, 2024
- Accounts · 563 to 836Apr 1, 2022 to Mar 2, 2023
Signals
5 dated events
- Amanda Cribbs left Capital Management Associates Inc for J.P. Morgan Securities Llc (registered 2026-07-07)Jul 6, 2026 · Advisor changed firm · fact
- Capital Management Associates Inc reported 1 state-registered advisory representatives, down from 15 (2024-03-07 to 2025-03-14)Mar 14, 2025 · Advisor headcount change · derived
- Capital Management Associates Inc reported RAUM $1.7B, up 37% from $1.3B (2023-03-02 to 2024-03-07)Mar 7, 2024 · RAUM change · derived
- Hoie Ralph Tuttle (Shareholder) no longer on Schedule A of Capital Management Associates Inc (listed 2019-03-01, absent 2019-05-30)May 30, 2019 · Control person left · inference
- Capital Management Associates Inc reported RAUM $911.4M, up 39% from $653.8M (2017-11-20 to 2018-03-23)Mar 23, 2018 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business phone
- 952-893-0133reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 952-893-1200reportedpublished by the firm, firm site, Sep 15, 2026
- Website
- cap-mgt.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 952-893-1200reportedpublic record, Form ADV, Mar 17, 2026
- Contact form
- cap-mgt.com/contact-us4reportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- cap-mgt.com/our-teamreportedpublished by the firm, firm site, Sep 15, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $134Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026