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 Services, Inc.
Latest filing Mar 19, 2026
First filing on the tape Dec 20, 2019 · 27 filings
SEC status approved since Jan 21, 2020
RAUM
$145M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$145M individuals and HNW
Advisors
7
registered through the firm on IAPD
RAUM per advisor
$20.7M
derived; firm RAUM over IAPD count
Employees
6
5 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
0
reported on Schedule D
History
27 filings and snapshots on the tape
RAUM$145M as of Mar 19, 2026
Apr 10, 2020$97.9M then
HNW client RAUM$47.0M as of Mar 19, 2026
Apr 10, 2020$7.4M then
State-registered IARs (5.B.3)5 as of Mar 19, 2026
Apr 10, 202013 then
Employees (5.A)6 as of Mar 19, 2026
Apr 10, 202013 then
Private funds: no history
RAUM +2.5% over the last fiscal year+1.3% a year over threeIARs 4 to 5offices 2 to 3
Practice profile
derived from the filing of Mar 19, 2026; every figure names its basis
Archetypes, each a printed rule
- Mass-affluent RIA · private-client share at least 50 percent, non-HNW individuals at least 60 percent of private-client RAUM
- RAUM per advisor
- $20.7MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 35derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.7MderivedHNW RAUM over HNW clients
- Average account
- $600,000derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 0.9derivedItem 5.A over advisors
- Advisors per office
- 1.8derived4 offices incl. principal (1.F.5)
- RAUM growth, one year
- +2.5%derivedbetween the last two annual amendments
- Advisor growth, one year
- +25%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +72%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, educational seminarsreportedItem 5.G
- 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)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Individuals$98.2M68%
- High-net-worth individuals$47.0M32%
- Individual clients
- 215reported
- HNW clients
- 27reported
- Pension plan clients
- 0reported
- Charitable clients
- 0reported
- Accounts
- 242reported
- Financial planning clients
- 11-25reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=1.0derived
Advisors registered through the firm
7 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| James Michael Gissy | Manchester, Mo | Oct 1, 1995 | 46 y | 0 |
| Ian Thomas Robertson | Manchester, Mo | Oct 16, 2015 | 38 y | 5 |
| Michael David Zimmerman | Manchester, Mo | Jan 25, 2017 | 43 y | 1 |
| Jeffrey Ira Fouts | Elijay, Ga | Oct 9, 2018 | 29 y | 1 |
| Thomas Walter Brown | Manchester, Mo | Feb 14, 2020 | 37 y | 1 |
| Richard William Ervolino | Manchester, Mo | Jan 1, 2025 | 33 y | 4 |
| James Edward Pritchett | Manchester, Mo | Dec 5, 2025 | 10 y | 0 |
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
- Jonathan Philip Thomas Pace to Tactive Advisors, LLCMar 26, 2025 · Other
- Joseph Charles Gissy to Tactive Advisors, LLCAug 9, 2023 · Other
- Anthony Michael Roylance to Sherman PortfoliosFeb 15, 2023 · RIA to a newly registered adviser
- Edward Jason Jaax to Tactive Advisors, LLCDec 13, 2022 · RIA to RIA
- Richard Robert Dwyer to Tactive Advisors, LLCJun 22, 2022 · Other
- George Thomas Tyo to Gradient Advisors, LLCMay 3, 2022 · RIA to RIA
- Daniel P Ostlund to Tactive Advisors, LLCMar 17, 2022 · Other
- Richard Robert Dwyer to Camarda Wealth Advisory GroupMar 23, 2021 · RIA to RIA
- Robert Steven Oldham to Mainstreet Ria LLCOct 21, 2020 · Other
- Eric Edward Swanson to Transamerica Financial Advisors, LLCJul 31, 2018 · RIA to affiliated broker-dealer or bank
- Mark Hwaley Chao to Vestech Asset Management Inc.Dec 15, 2017 · RIA to a state-registered adviser
- David Stuart Westphal to Cutter & Company, Inc.Jan 8, 2004 · Other
Joined, latest
- Richard William Ervolino from Modern Capital Advisors, LLCJan 1, 2025 · RIA to RIA
- Richard Robert Dwyer from Camarda Wealth Advisory GroupJul 20, 2021 · RIA to RIA
- Daniel P Ostlund from World Equity Group, Inc.Dec 7, 2020 · Affiliated broker-dealer or bank to independent RIA
- Jonathan Philip Thomas Pace from Ae Wealth Management, LLCApr 20, 2020 · RIA to RIA
- Thomas Walter Brown from World Equity Group, Inc.Feb 14, 2020 · Affiliated broker-dealer or bank to independent RIA
- Edward Jason Jaax from One Advocate GroupDec 11, 2019 · RIA to RIA
- Robert Steven Oldham from Valic Financial Advisors, Inc.Aug 1, 2019 · Affiliated broker-dealer or bank to independent RIA
- Jeffrey Ira Fouts from Retirement Planning Specialists, Inc.Oct 9, 2018 · Other
- Richard Robert Dwyer from Sgl Financial, LLCApr 2, 2018 · RIA to RIA
- Eric Edward Swanson from Reilly Financial AdvisorsMar 1, 2018 · RIA to RIA
- Mark Hwaley Chao from World Equity Group, Inc.Feb 17, 2017 · Other
- Michael David Zimmerman from Cutter & Company, Inc.Jan 25, 2017 · Other
- Ian Thomas Robertson from Lyons Wealth ManagementOct 16, 2015 · Other
- Anthony Michael Roylance from Mcr Capital ManagementFeb 10, 2015 · Other
- David Stuart Westphal from Criterium Capital Investments, LtdJan 1, 2001 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Michael James Gissy · President/Ccocontrolsince 12/1985 · owns 75% or more
- Charles Joseph Gissy · Chief Operating Officercontrolsince 01/2018 · owns less than 5%
Related persons
Schedule D 7.A
- Cms Institutional LLCinvestment advisern
- Cms Insurance Agencyreal estaten
- Tactive Advisors, LLCinvestment advisernRAUM $619M
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Manchester, Mo · principal | 7 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Elijay, GA2 employees
- Mundelein, IL1 employees
- , 1 employees
ADV anomalies
5 against comparable advisers; where to look, not conclusions
- institutional to wealth shiftCombination · filing Mar 19, 2026institutional share fell 15 points or more while private-client share rose 15 points or more. RAUM $141,700,000 to $145,200,000, advisors 4 to 5, private clients 141 to 242, offices 2 to 3 (2025-04-16 to 2026-03-19)peers: independent wealth managers, $100M to $500M (5,676)
- account count collapseChange between filings · filing Mar 19, 2026accounts (Item 5.F.2.f) moved from 608.0 to 242.0 (-60.0%) between the annual amendments of 2025-04-16 and 2026-03-19; the peer median change was +5.0% (3688 comparable advisers, 2.0th percentile of changes)peers: independent wealth managers, $100M to $500M (3,688) · 2.1% percentile
- client count surgeChange between filings · filing Mar 19, 2026individual and HNW clients (Item 5.D) moved from 141.0 to 242.0 (+72.0%) between the annual amendments of 2025-04-16 and 2026-03-19; the peer median change was +3.0% (3310 comparable advisers, 98.0th percentile of changes)peers: independent wealth managers, $100M to $500M (3,310) · 98% percentile
- client mix shiftChange between filings · filing Mar 19, 2026private-client share of RAUM moved from 55.0% to 100.0% between the annual amendments of 2025-04-16 and 2026-03-19peers: independent wealth managers, $100M to $500M (5,676)
- institutional asset share shiftChange between filings · filing Mar 19, 2026institutional share of RAUM moved from 45.0% to 0.0% between the annual amendments of 2025-04-16 and 2026-03-19peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
- Accounts · 608 to 242Apr 16, 2025 to Mar 19, 2026
- Advisory employees · 4 to 5Apr 16, 2025 to Mar 19, 2026
- HNW clients · 22 to 27Apr 16, 2025 to Mar 19, 2026
- Individual clients · 119 to 215Apr 16, 2025 to Mar 19, 2026
- Pension plan clients · 1 to 0Apr 16, 2025 to Mar 19, 2026
- Employees · 5 to 6Apr 16, 2025 to Mar 19, 2026
- State-registered IARs · 4 to 5Apr 16, 2025 to Mar 19, 2026
- Other offices · 2 to 3Apr 16, 2025 to Mar 19, 2026
- Discretionary RAUM · $142M to $145MApr 16, 2025 to Mar 19, 2026
- HNW RAUM · $35.0M to $47.0MApr 16, 2025 to Mar 19, 2026
- Individual RAUM · $43.2M to $98.2MApr 16, 2025 to Mar 19, 2026
- Pension RAUM · $2.1M to $0Apr 16, 2025 to Mar 19, 2026
- RAUM · $142M to $145MApr 16, 2025 to Mar 19, 2026
- Accounts · 549 to 608Mar 25, 2024 to Apr 16, 2025
- Advisory employees · 5 to 4Mar 25, 2024 to Apr 16, 2025
- HNW clients · 2 to 22Mar 25, 2024 to Apr 16, 2025
- Individual clients · 123 to 119Mar 25, 2024 to Apr 16, 2025
- Employees · 6 to 5Mar 25, 2024 to Apr 16, 2025
- Financial planning clients · 11-25 to 11-25Mar 25, 2024 to Apr 16, 2025
- State-registered IARs · 5 to 4Mar 25, 2024 to Apr 16, 2025
- Other offices · 4 to 2Mar 25, 2024 to Apr 16, 2025
- Discretionary RAUM · $137M to $142MMar 25, 2024 to Apr 16, 2025
- HNW RAUM · $2.5M to $35.0MMar 25, 2024 to Apr 16, 2025
- Individual RAUM · $134M to $43.2MMar 25, 2024 to Apr 16, 2025
- Pension RAUM · $800,000 to $2.1MMar 25, 2024 to Apr 16, 2025
- RAUM · $137M to $142MMar 25, 2024 to Apr 16, 2025
- Accounts · 520 to 549Aug 9, 2023 to Mar 25, 2024
- HNW clients · 11 to 2Aug 9, 2023 to Mar 25, 2024
- Individual clients · 508 to 123Aug 9, 2023 to Mar 25, 2024
- Financial planning clients · 1-10 to 11-25Aug 9, 2023 to Mar 25, 2024
- Discretionary RAUM · $140M to $137MAug 9, 2023 to Mar 25, 2024
- HNW RAUM · $17.2M to $2.5MAug 9, 2023 to Mar 25, 2024
- Individual RAUM · $122M to $134MAug 9, 2023 to Mar 25, 2024
- RAUM · $140M to $137MAug 9, 2023 to Mar 25, 2024
- Advisory employees · 6 to 5Apr 21, 2023 to Aug 9, 2023
- Employees · 7 to 6Apr 21, 2023 to Aug 9, 2023
- State-registered IARs · 6 to 5Apr 21, 2023 to Aug 9, 2023
- Advisory employees · 7 to 6Mar 10, 2023 to Apr 18, 2023
- Employees · 8 to 7Mar 10, 2023 to Apr 18, 2023
- State-registered IARs · 7 to 6Mar 10, 2023 to Apr 18, 2023
Signals
8 dated events
- Jonathan Philip Thomas Pace left Capital Management Services, Inc. for Tactive Advisors, Llc (registered 2021-08-10)Mar 26, 2025 · Advisor changed firm · fact
- Joseph Charles Gissy left Capital Management Services, Inc. for Tactive Advisors, Llc (registered 2021-05-24)Aug 9, 2023 · Advisor changed firm · fact
- Anthony Michael Roylance left Capital Management Services, Inc. for Sherman Portfolios (registered 2022-12-07)Feb 15, 2023 · Advisor changed firm · fact
- Edward Jason Jaax left Capital Management Services, Inc. for Tactive Advisors, Llc (registered 2022-03-24)Dec 13, 2022 · Advisor changed firm · fact
- Richard Robert Dwyer left Capital Management Services, Inc. for Tactive Advisors, Llc (registered 2021-10-06)Jun 22, 2022 · Advisor changed firm · fact
- George Thomas Tyo left Capital Management Services, Inc. for Gradient Advisors, Llc (registered 2026-07-08)May 3, 2022 · Advisor changed firm · fact
- Daniel P Ostlund left Capital Management Services, Inc. for Tactive Advisors, Llc (registered 2021-11-16)Mar 17, 2022 · Advisor changed firm · fact
- Capital Management Services, Inc. filed its initial SEC registration (Form ADV)Dec 20, 2019 · First SEC registration · 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
- foutsestatelaw.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 636-207-5829reportedpublic record, Form ADV, Mar 19, 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
- $20.7Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026