Capital Cities Investments (Indianapolis)

Name: Capital Cities Investments
Address: 426 East New York Street, Indianapolis, IN, 46202
Telephone: 317-475-4500

Capital Cities Investments is a large advisory firm based in Indianapolis. It manages $155.48 million of regulatory assets for 1,185 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of California, Colorado, Florida, and 9 other states.

Capital Cities Investments provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Capital Cities Investments: assets under management

The assets under management (AUM) of Capital Cities Investments is $155.48 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 86% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $155.48 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $131.21 thousand each.

Capital Cities Investments has custody of $69.07 million in cash and securities for 176 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 88% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 7% of the firm’s portfolio. Investments in exchange traded securities form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Capital Cities Investments for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients William Maxwell Mauger serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of William Maxwell Mauger is individuals with 429 clients and $109.71 million of assets under management. Among the 9 most similar advisory firms, Capital Cities Investments has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $155.48 million for 461 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Capital Cities Investments doesn't advise any private funds.

Careers at Capital Cities Investments

The company employs 29 people that are either part- or full-time employees. 76 percent of the employees work as investment advisers or researchers. 22 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

William Maxwell Mauger has been acting as President since 1 Mar 1995. Tiffany Janea Spudich joined the executive team most recently as the Member/Chief Client Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Margaret L. Mauger	Secretary	1 Mar 1995	Other	4488019
William Maxwell Mauger	President/chief compliance officer	1 Mar 1995	50% - 75%	1934817
Joe Bill Wiley	Treasurer	1 Mar 1995	25% - 50%	2134155
Amanda Jane Black	Chief executive officer/member	1 Jan 2017	Other	5195125
Tiffany Janea Spudich	Member/chief client officer	1 Jan 2017	Other	4889560
Amanda Jane Black	Chief executive officer/member	1 Jan 2018	Other	5195125
Tiffany Janea Spudich	Member/chief client officer	1 Jan 2018	Other	4889560

Based in Indianapolis

The principal office where Capital Cities Investments performs its advisory services is located at 426 East New York Street, Indianapolis, IN 46202, which is also the mailing address of the firm. An additional office of the firm is in Middlebury, VT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 317-475-4500 or by fax 317-534-3006. The normal business hours are 8:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at capitalcitiesinvestments.com.