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 Square, LLC

Independent wealth managerAthens, TennesseeCRD 286098SEC 801-108796websiteIAPD
Latest filing Aug 15, 2026
First filing on the tape Dec 2, 2016 · 26 filings
SEC status approved since Dec 16, 2016
RAUM
$450M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
95%
$428M individuals and HNW
Advisors
11
registered through the firm on IAPD
RAUM per advisor
$40.9M
derived; firm RAUM over IAPD count
Employees
11
11 advisory (5.B.1)
Offices
6
beyond the principal office
Private funds
0
reported on Schedule D
History
26 filings and snapshots on the tape
RAUM$450M as of Aug 15, 2026
Mar 20, 2017$169M then
HNW client RAUM$252M as of Aug 15, 2026
Mar 29, 2018$16.4M then
State-registered IARs (5.B.3)11 as of Aug 15, 2026
Mar 20, 20176 then
Employees (5.A)11 as of Aug 15, 2026
Mar 20, 20176 then
Private funds: no history
RAUM +14% over the last fiscal year+14% a year over threeIARs 10 to 11offices 5 to 6
Practice profile
derived from the filing of Aug 15, 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
$40.9MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
64derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.2MderivedHNW RAUM over HNW clients
Average account
$573,079derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
4.9%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.0derivedItem 5.A over advisors
Advisors per office
1.6derived7 offices incl. principal (1.F.5)
RAUM growth, one year
+14%derivedbetween the last two annual amendments
Advisor growth, one year
+10%derivedItem 5.B.3 between annual amendments
Client growth, one year
+7.2%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, 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
  • 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)
  • 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
  • High-net-worth individuals$252M56%
  • Individuals$176M39%
  • Charitable organizations$14.5M3.2%
  • Pension and profit-sharing plans$7.5M1.7%
Individual clients
587reported
HNW clients
117reported
Pension plan clients
8reported
Charitable clients
3reported
Accounts
785reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.95 fund_share=0.0 institutional_share=0.05 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
11 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Samuel Douglas SimpsonCertified Financial PlannerWaco, Tx Jan 6, 201745 y3
Stacy Womble EatonCertified Financial PlannerGainesville, Ga Jan 9, 201733 y4
Mark Parmer MasseyAthens, Tn Jan 9, 201715 y2
Jeffrey Guy SheltonAthens, TnJan 10, 201719 y1
Notley Sidney MaddoxAthens, TnJan 10, 201734 y2
Suzanne Johnson BurrellCertified Financial PlannerChattanooga, Tn Jan 10, 201718 y4
Clinton David MartinCertified Financial PlannerAthens, Tn Apr 9, 201819 y3
Kendell Bolen AdlerCertified Financial PlannerAthens, Tn Apr 20, 202023 y2
John Frederick WallaceCertified Financial PlannerFairhope, Al Aug 29, 202414 y1
Richard Guy SheltonChattanooga, Tn Apr 28, 202511 y0
Cody Emerson BurrellChattanooga, Tn Jun 5, 202511 y0
Advisor movement
1 left, 0 joined in 12 months
net -1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 9.1% of current headcount1 left over 36 months
Left, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Womble Stacy Eaton · Member, Corporate Secretarycontrol
      since 01/2017 · owns 25% to 50%
    • Sidney Notley Maddox · Managing Member, Chief Compliance Officercontrol
      since 01/2017 · owns 25% to 50%
    • Guy Jeffrey Shelton · Owner
      since 01/2018 · owns 10% to 25%
    Related persons
    Schedule D 7.A
    No related person reported.
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Athens, Tn · principal1101
    Chattanooga, Tn300
    Fairhope, Al200
    Waco, Tx200
    Offices
    Schedule D 1.F, the 25 largest
    • Chattanooga, TN2 employees
    • Waco, TX2 employees
    • Fairhope, AL1 employees
    • Gainesville, GA1 employees
    • Little Rock, AR1 employees
    What changed
    consecutive filings, newest first
    • Other offices · 5 to 6
      May 19, 2026 to Aug 15, 2026
    • Accounts · 685 to 785
      Mar 10, 2025 to Mar 23, 2026
    • Advisory employees · 10 to 11
      Mar 10, 2025 to Mar 23, 2026
    • HNW clients · 93 to 117
      Mar 10, 2025 to Mar 23, 2026
    • Individual clients · 564 to 587
      Mar 10, 2025 to Mar 23, 2026
    • Employees · 10 to 11
      Mar 10, 2025 to Mar 23, 2026
    • State-registered IARs · 10 to 11
      Mar 10, 2025 to Mar 23, 2026
    • Discretionary RAUM · $393M to $450M
      Mar 10, 2025 to Mar 23, 2026
    • HNW RAUM · $196M to $252M
      Mar 10, 2025 to Mar 23, 2026
    • Individual RAUM · $176M to $176M
      Mar 10, 2025 to Mar 23, 2026
    • Non-discretionary RAUM · $847,495 to $0
      Mar 10, 2025 to Mar 23, 2026
    • RAUM · $394M to $450M
      Mar 10, 2025 to Mar 23, 2026
    • Accounts · 597 to 685
      Mar 20, 2024 to Mar 10, 2025
    • Advisory employees · 9 to 10
      Mar 20, 2024 to Mar 10, 2025
    • Charity clients · unset to 3.0
      Mar 20, 2024 to Mar 10, 2025
    • HNW clients · 84 to 93
      Mar 20, 2024 to Mar 10, 2025
    • Individual clients · 513 to 564
      Mar 20, 2024 to Mar 10, 2025
    • Pension plan clients · unset to 8.0
      Mar 20, 2024 to Mar 10, 2025
    • Employees · 9 to 10
      Mar 20, 2024 to Mar 10, 2025
    • Financial planning clients · 1-10 to 1-10
      Mar 20, 2024 to Mar 10, 2025
    • State-registered IARs · 9 to 10
      Mar 20, 2024 to Mar 10, 2025
    • Discretionary RAUM · $301M to $393M
      Mar 20, 2024 to Mar 10, 2025
    • HNW RAUM · $138M to $196M
      Mar 20, 2024 to Mar 10, 2025
    • Individual RAUM · $147M to $176M
      Mar 20, 2024 to Mar 10, 2025
    • Non-discretionary RAUM · $811,197 to $847,495
      Mar 20, 2024 to Mar 10, 2025
    • Pension RAUM · $3.5M to $7.5M
      Mar 20, 2024 to Mar 10, 2025
    • RAUM · $302M to $394M
      Mar 20, 2024 to Mar 10, 2025
    • Accounts · 574 to 597
      Mar 16, 2023 to Mar 20, 2024
    • HNW clients · 92 to 84
      Mar 16, 2023 to Mar 20, 2024
    • Individual clients · 476 to 513
      Mar 16, 2023 to Mar 20, 2024
    • Pension plan clients · 5.0 to unset
      Mar 16, 2023 to Mar 20, 2024
    • Employees · 10 to 9
      Mar 16, 2023 to Mar 20, 2024
    • Financial planning clients · 51-100 to 1-10
      Mar 16, 2023 to Mar 20, 2024
    • HQ city · CHATTANOOGA to ATHENS
      Mar 16, 2023 to Mar 20, 2024
    • Other offices · 4 to 5
      Mar 16, 2023 to Mar 20, 2024
    • Discretionary RAUM · $300M to $301M
      Mar 16, 2023 to Mar 20, 2024
    • HNW RAUM · $184M to $138M
      Mar 16, 2023 to Mar 20, 2024
    • Individual RAUM · $88.4M to $147M
      Mar 16, 2023 to Mar 20, 2024
    • Non-discretionary RAUM · $903,029 to $811,197
      Mar 16, 2023 to Mar 20, 2024
    • Pension RAUM · $3.3M to $3.5M
      Mar 16, 2023 to Mar 20, 2024
    Signals
    2 dated events
    • Lincoln Robert Bowman left Capital Square, Llc for Lpl Financial Llc (registered 2026-04-09)
      Jan 21, 2026 · Advisor changed firm · fact
    • Capital Square, Llc filed its initial SEC registration (Form ADV)
      Dec 2, 2016 · 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
    Firm profile
    Linkedin.com/company/town-square-consulting-llcreportedpublic record, Form ADV, Sep 17, 2026
    Website
    capitalsquare.bizreportedpublic record, Form ADV, Sep 17, 2026
    Principal office phone
    423-877-6708reportedpublic record, Form ADV, Aug 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
    $40.9Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026