Central States Capital Markets, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$7,361,637
Clients
6
Advisors
4
across 3 offices
About
Central States Capital Markets provides discretionary portfolio management and investment advisory services to individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, corporations, and other business entities. The firm typically works with high-net-worth individuals and families and requires a written advisory agreement and the use of a qualified custodian for client assets.
The firm’s investment approach is value oriented, using fundamental analysis supplemented by technical tools and economic research, with portfolios generally held for longer-term horizons and rebalanced as market conditions or client needs change. Central States is dual-registered as an investment adviser and a broker-dealer and maintains a contractual performance-fee option for certain equity income strategies, although it has not historically implemented performance-based accounts.
Noteworthy aspects include the firm’s active broker-dealer affiliate role, including municipal underwriting, and the fact that senior management and some staff devote a substantial portion of their time to broker-dealer activities, a dynamic the firm discloses and addresses through policies and trade practices. The firm also discloses a history of regulatory actions and settlements related to municipal advisory and reporting matters, and it operates with a relatively concentrated client base.
Client services
Expertise
Occupation focus
Fee options
$0 - $1,000,000: Varies by equity allocation target from 0.53% to 1.25% $1,000,001 - $2,000,000: Varies by equity allocation target from 0.56% to 1.13% $2,000,001 - $3,000,000: Varies by equity allocation target from 0.60% to 1.06% $3,000,001 - $4,000,000: Varies by equity allocation target from 0.64% to 1.00% $4,000,001 - $5,000,000: Varies by equity allocation target from 0.68% to 0.94% $5,000,001+: Varies by equity allocation target from 0.53% to 0.88%
CSCM is also a broker/dealer and receives commissions on securities transactions executed on behalf of client accounts.
Available for equity income portfolios with a performance fee up to 0.75% annually plus base management fee of 0.50%, total not exceeding 1.25%; performance fee is 10% of returns exceeding 3.5% per year.
Account minimum: $250,000
Main office
See office4200 W 83rd Street, Suite 101
Prairie Village KS 66208
Advisors at this office
2
Offices (3)
Most active in
Iowa · Kansas · Missouri
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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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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.
Advisors at this firm
Benjamin Y
Series 63, Series 65
West Des Moines, IA
Central States Capital Markets, LLC
Benjamin Young is a financial advisor at Central States Capital Markets, LLC with 24 years of industry experience. He holds Series 63 and Series 65 credentials and has worked at Central States since 2017 following six years at Northland Securities, Inc. Outside of his advisory role, he is involved as an associate and consultant in a commercial appraisal management company and owns a holding company related to that business. Central States Capital Markets provides discretionary portfolio management and investment advisory services primarily to high-net-worth individuals and families. The firm employs a value-oriented investment approach using fundamental analysis, technical tools, and economic research, with portfolios held for longer-term horizons and rebalanced as needed.
Justin L
Series 66
Wichita, KS
Central States Capital Markets, LLC
Justin Lawhon is a Series 66-licensed financial advisor at Central States Capital Markets, LLC with two years of industry experience. Prior to joining Central States in 2025, he worked at Equitable Advisors for one year and has experience in various roles including positions at Uber Technologies and Butler County Community College. Central States Capital Markets provides discretionary portfolio management and investment advisory services primarily to high-net-worth individuals and families. The firm employs a value-oriented investment approach that combines fundamental analysis with technical tools and economic research, focusing on longer-term portfolio management.
Jeremy D
Series 66
Prairie Village, KS
Central States Capital Markets, LLC
Jeremy Dunning is a financial advisor at Central States Capital Markets, LLC with four years of industry experience. He holds the Series 66 designation and has worked at Central States since 2021. His prior work experience includes roles at Bonobos, Tuff and Needle, and The Glossary. Central States Capital Markets provides discretionary portfolio management and investment advisory services primarily to high-net-worth individuals and families, along with pension plans, trusts, estates, and charitable organizations. The firm's investment approach is value oriented, combining fundamental analysis with technical and economic research to manage portfolios over longer-term horizons.
James B
Series 66
Prairie Village, KS
Central States Capital Markets, LLC
James Brownfield is a Series 66-licensed advisor with 18 years of industry experience. He has been with Central States Capital Markets, LLC since 2011. Central States Capital Markets provides discretionary portfolio management and investment advisory services primarily to high-net-worth individuals and families, as well as various institutional clients. The firm employs a value-oriented investment approach that combines fundamental analysis with technical tools and economic research, managing portfolios for longer-term horizons and adjusting as market conditions or client needs evolve.
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