Capstan LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Capstan provides discretionary investment management on a separately managed account basis for high‑net‑worth individuals and businesses, generally requiring a $500,000 minimum that the firm may waive. The firm manages global portfolios across stocks, bonds, mutual funds, closed‑end funds, ETFs and currencies and currently reports approximately $35 million in discretionary AUM for a very small client base.
Investment decisions combine fundamental company and country analysis, macroeconomic assessment, and some technical/charting techniques, with portfolios tailored to client needs and subject to client‑imposed restrictions. The brochure states that derivatives are used only rarely and primarily for defensive purposes to reduce volatility, and brokerage selection criteria explicitly reference margin interest rates, reflecting that borrowing and margin considerations may be part of managed‑account execution when appropriate.
Distinctive features include the firm’s very small, concentrated client roster and explicitly global investment activity — the brochure discloses foreign stock custody fees and ADR fees and lists currencies among investable assets, which aligns with an uncommon degree of non‑U.S. exposure or cross‑border client needs. Capstan also emphasizes discretionary, bespoke SMA management (no wrap program) and discloses block trading and personal trading policies and ties to an institutional custodian relationship that provides both client and firm services.
Client services
Expertise
Fee options
0.5% per year
Account minimum: $500,000
Main office
San Francisco CA
Advisors at this office
2
Most active in
California
Also doing business as
Capstan L.L.C. · Capstan LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
Advisors at this firm
Frank W
Series 63
San Francisco, CA
Capstan LLC
Frank Wignall is a financial advisor at Capstan LLC with 27 years of industry experience. He holds a Series 63 designation and has been with Capstan since 1997. Capstan LLC provides discretionary, separately managed account portfolio management to high-net-worth individuals and businesses, offering tailored portfolios that can include global exposures across various asset classes. The firm’s investment process combines fundamental and macroeconomic analysis with oversight from its president, serving a small client base with a focus on individualized service and cross-border investment capabilities.
How Ling K
San Francisco, CA
Capstan LLC
How Ling Khong is a financial advisor at Capstan LLC with 27 years of industry experience. She has been with Capstan since 1998. Outside of her advisory role, Ms. Khong works as a bookkeeper for Apicultura Capstan TIC, an investment property in Santa Barbara. Capstan LLC provides discretionary, separately managed portfolio management to high-net-worth individuals and businesses, offering tailored portfolios with global exposures across various asset classes. The firm employs a blend of fundamental and macroeconomic analysis, with a focus on individualized service for a small client base.
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