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 Cities Investments
Latest filing Apr 1, 2026
First filing on the tape Mar 24, 2012 · 31 filings
SEC status approved since Aug 27, 2008
RAUM
$288M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$288M individuals and HNW
Advisors
14
registered through the firm on IAPD
RAUM per advisor
$20.6M
derived; firm RAUM over IAPD count
Employees
16
14 advisory (5.B.1)
Offices
4
beyond the principal office
Private funds
0
reported on Schedule D
History
31 filings and snapshots on the tape
RAUM$288M as of Apr 1, 2026
Mar 24, 2012$83.8M then
HNW client RAUM$146M as of Apr 1, 2026
Mar 27, 2018$39.6M then
State-registered IARs (5.B.3)14 as of Apr 1, 2026
Mar 22, 201318 then
Employees (5.A)16 as of Apr 1, 2026
Mar 22, 201320 then
Private funds: no history
RAUM +15% over the last fiscal year+11% a year over threeIARs 15 to 14
Practice profile
derived from the filing of Apr 1, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- RAUM per advisor
- $20.6MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 34derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.3MderivedHNW RAUM over HNW clients
- Average account
- $229,986derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.1derivedItem 5.A over advisors
- Advisors per office
- 2.8derived5 offices incl. principal (1.F.5)
- RAUM growth, one year
- +15%derivedbetween the last two annual amendments
- Advisor growth, one year
- -6.7%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -17%derived
- Compensation
- percentage of assets, hourly, fixed fees, commissionsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, pension consultingreportedItem 5.G
- Custody
- $85.4M, 582 clientsreportedItem 9.A
- 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
- 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)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$146M51%
- Individuals$142M49%
- Individual clients
- 412reported
- HNW clients
- 64reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 1,252reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- $85.4M for 582 clientsreported
- Compensation
- % of AUM, fixed, hourly, commissionsreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=3.0derived
Advisors registered through the firm
14 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Joe Bill Wiley | Indianapolis, In | Sep 15, 1995 | 35 y | 1 |
| William Maxwell Mauger | Indianapolis, In | Sep 15, 1995 | 37 y | 1 |
| Bryan Keith Alexander | Indianapolis, In | Jul 21, 1996 | 33 y | 0 |
| Tiffany Janea Spudich | Indianapolis, In | Dec 2, 2004 | 21 y | 0 |
| Thomas Louis Pusser | Richmond, Va | May 6, 2005 | 22 y | 0 |
| Amanda Jane Black | Indianapolis, In | Jul 28, 2006 | 20 y | 1 |
| Jacob Robert Haigh | Middlebury, Vt | Mar 13, 2009 | 20 y | 1 |
| Benjamin Stephen Beverly | Indianapolis, In | Mar 28, 2011 | 18 y | 1 |
| Jeffrey Scott Cheesman | Indianapolis, In | Dec 20, 2012 | 44 y | 1 |
| Stuart David Stevens | Indianapolis, In | Apr 12, 2013 | 15 y | 0 |
| Donald Buel Morley | Indianapolis, In | Jun 12, 2017 | 40 y | 3 |
| George Joseph Mitchell | Indianapolis, In | Nov 9, 2021 | 12 y | 0 |
| Robert Oliver Fjeld | Indianapolis, In | Jan 1, 2025 | 10 y | 0 |
| Whitney Blake Smith | Indianapolis, In | Jan 1, 2025 | 18 y | 2 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount1 left over 36 months
Left, latest
- Paul Aubrey Harris to Valmark Advisers, Inc.Nov 26, 2024 · RIA to affiliated broker-dealer or bank
- Leslie Seawell Garske to Ae Wealth Management, LLCDec 20, 2018 · RIA to RIA
Joined, latest
- Whitney Blake Smith from Equitable Advisors, LLCJan 1, 2025 · Affiliated broker-dealer or bank to independent RIA
- Leslie Seawell Garske from Equitable Advisors, LLCDec 3, 2018 · Affiliated broker-dealer or bank to independent RIA
- Donald Buel Morley from Morgan StanleyJun 12, 2017 · Other
- Jeffrey Scott Cheesman from Westwood Advisers, LLCDec 20, 2012 · Other
- Benjamin Stephen Beverly from Wells Fargo AdvisorsMar 28, 2011 · Other
- Jacob Robert Haigh from Edward JonesMar 13, 2009 · Other
- Paul Aubrey Harris from Mutual Service CorporationJan 26, 2004 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Jane Amanda Black · Chief Executive Officer/Membercontrolsince 01/2017 · owns 10% to 25%
- Maxwell William Mauger · Chairman Of The Board/Chief Compliance Officer/Managing Membercontrolsince 03/1995 · owns 50% to 75%
- Janea Tiffany Spudich · Member/Chief Client Officercontrolsince 01/2017 · owns less than 5%
- Bill Joe Wiley · President/Membercontrolsince 03/1995 · owns 25% to 50%
Related persons
Schedule D 7.A
- Capital Cities, LLCinvestment advisern
Advisers that list Capital Cities Investments as a related person
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Indianapolis, In · principal | 13 | 0 | 0 | ||
| Middlebury, Vt | 4 | 0 | 0 | ||
| Richmond, Va | 2 | 0 | 0 | ||
| Fort Myers, Fl | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Middlebury, VT6 employees
- Richmond, VA2 employees
- Fort Myers, FL1 employees
- Portland, IN1 employees
- , 1 employees
What changed
consecutive filings, newest first
- Accounts · 1,319 to 1,252Mar 20, 2025 to Apr 1, 2026
- Advisory employees · 15 to 14Mar 20, 2025 to Apr 1, 2026
- Charity clients · 1.0 to unsetMar 20, 2025 to Apr 1, 2026
- HNW clients · 63 to 64Mar 20, 2025 to Apr 1, 2026
- Individual clients · 512 to 412Mar 20, 2025 to Apr 1, 2026
- Assets in custody · $152M to $85.4MMar 20, 2025 to Apr 1, 2026
- Employees · 19 to 16Mar 20, 2025 to Apr 1, 2026
- State-registered IARs · 15 to 14Mar 20, 2025 to Apr 1, 2026
- Discretionary RAUM · $251M to $288MMar 20, 2025 to Apr 1, 2026
- HNW RAUM · $119M to $146MMar 20, 2025 to Apr 1, 2026
- Individual RAUM · $131M to $142MMar 20, 2025 to Apr 1, 2026
- RAUM · $251M to $288MMar 20, 2025 to Apr 1, 2026
- Insurance-licensed employees · 7 to 4Mar 14, 2024 to Mar 20, 2025
- Financial planning clients · 1-10 to 1-10Mar 14, 2024 to Mar 20, 2025
- State-registered IARs · 19 to 15Mar 14, 2024 to Mar 20, 2025
- Other offices · 5 to 4Mar 14, 2024 to Mar 20, 2025
- Discretionary RAUM · $271M to $251MMar 14, 2024 to Mar 20, 2025
- HNW RAUM · $125M to $119MMar 14, 2024 to Mar 20, 2025
- Individual RAUM · $145M to $131MMar 14, 2024 to Mar 20, 2025
- RAUM · $271M to $251MMar 14, 2024 to Mar 20, 2025
- Accounts · 1,547 to 1,319Mar 14, 2024 to Mar 20, 2025
- Advisory employees · 19 to 15Mar 14, 2024 to Mar 20, 2025
- BD registered reps · 4 to 3Mar 14, 2024 to Mar 20, 2025
- Charity clients · unset to 1.0Mar 14, 2024 to Mar 20, 2025
- HNW clients · 68 to 63Mar 14, 2024 to Mar 20, 2025
- Individual clients · 511 to 512Mar 14, 2024 to Mar 20, 2025
- Assets in custody · $237M to $152MMar 14, 2024 to Mar 20, 2025
- Employees · 25 to 19Mar 14, 2024 to Mar 20, 2025
- Accounts · 565 to 1,547May 17, 2023 to Mar 14, 2024
- BD registered reps · 5 to 4May 17, 2023 to Mar 14, 2024
- Charity clients · 1.0 to unsetMay 17, 2023 to Mar 14, 2024
- HNW clients · 74 to 68May 17, 2023 to Mar 14, 2024
- Individual clients · 493 to 511May 17, 2023 to Mar 14, 2024
- Assets in custody · $146M to $237MMay 17, 2023 to Mar 14, 2024
- Discretionary RAUM · $212M to $271MMay 17, 2023 to Mar 14, 2024
- HNW RAUM · $97.5M to $125MMay 17, 2023 to Mar 14, 2024
- Individual RAUM · $113M to $145MMay 17, 2023 to Mar 14, 2024
- RAUM · $212M to $271MMay 17, 2023 to Mar 14, 2024
- Accounts · 1,322 to 565Sep 22, 2022 to Mar 24, 2023
- Advisory employees · 20 to 19Sep 22, 2022 to Mar 24, 2023
Signals
1 dated events
- Paul Aubrey Harris left Capital Cities Investments for Valmark Advisers, Inc. (registered 2024-10-29)Nov 26, 2024 · Advisor changed firm · fact
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
- Website
- investcci.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 317-475-4500reportedpublic record, Form ADV, Apr 1, 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
- $20.6Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026