Kapstone Financial Advisors LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
Kapstone serves individuals (including high-net-worth clients), families, trusts, businesses and retirement plans, providing discretionary and non‑discretionary wealth management, financial planning, and retirement-plan advisory services (including 3(21)/3(38) ERISA fiduciary offerings). The firm delivers ongoing portfolio management and tailored planning and consulting across areas such as estate, tax, cash‑flow and insurance planning.
Kapstone’s investment approach is primarily long‑term and ETF/mutual‑fund focused, using both fundamental and technical analysis while remaining able to trade shorter term for rebalancing or cash needs. In building portfolios the firm typically seeks lower‑cost fund share classes where possible but discloses that custodial or fund constraints can require use of non‑institutional share classes; its investable universe can include individual securities and newer products such as cryptocurrency ETFs.
Noteworthy for a small team managing several hundred million in assets, Kapstone maintains an institutional relationship with its recommended custodian that supplies transitional support, software and other economic benefits and reimbursements—a disclosed source of potential conflicts of interest. The firm’s advisory personnel are also licensed insurance producers who may receive commission income (reported as occupying about 10% of their time), and the combination of CFP/CPA‑level credentials with both individual wealth and ERISA retirement‑plan fiduciary services distinguishes its practice relative to many peers.
Client services
Expertise
Fee options
In certain circumstances, may charge a fixed annual fee
$0+: 0.50% annually +: up to 1.50% annually
Fee-only: 0.50% to 1.50% annually, fees may be negotiable and based on scope, complexity, and asset level
Main office
212 N. Broadway Street
Lebanon OH 45036
Advisors at this office
4
Most active in
Florida · Illinois · Kentucky · Michigan · Nebraska · New Hampshire · Ohio · Texas
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.
Advisors at this firm
Roy M
Series 63, Series 65
Lebanon, OH
Kapstone Financial Advisors LLC
Roy Mcguffin is a financial advisor with Kapstone Financial Advisors LLC in Lebanon, OH, holding Series 63 and Series 65 licenses and bringing 38 years of industry experience. His work history includes roles at National Asset Management, United Advisors Services, and Ameriprise Financial Services. He is also a licensed insurance professional, dedicating less than 10% of his time to that activity. Kapstone Financial Advisors serves individuals, families, trusts, businesses, and retirement plans with wealth management, financial planning, and retirement-plan advisory services. The firm’s investment approach is primarily long-term and ETF/mutual-fund focused, using fundamental and technical analysis while accommodating shorter-term trading needs.
Randall K
Series 63, Series 65
Lebanon, OH
Kapstone Financial Advisors LLC
Randall Kronour is a financial advisor with Kapstone Financial Advisors LLC, holding Series 63 and Series 65 licenses and possessing 27 years of industry experience. His prior roles include positions at Ameriprise Financial Services, Inc., National Asset Management, and Fsic. Outside of his advisory work, he serves on the boards of Solutions CCRC, a mental health nonprofit, and Countryside YMCA, where he is chairman. Kapstone Financial Advisors serves individuals, families, businesses, and retirement plans by providing discretionary wealth management, financial planning, and consulting. The firm employs a primarily long-term, portfolio-driven investment approach using ETFs and mutual funds, and manages approximately $271 million in assets for around 509 clients.
David F
CFP®, Series 63, Series 65
Lebanon, OH
Kapstone Financial Advisors LLC
David Frazier is a Certified Financial Planner® with 29 years of industry experience. He is currently with Kapstone Financial Advisors LLC and previously spent over two decades at Kovack Advisors, Inc. and Kovack Securities, Inc. Outside of his advisory work, he serves as president of American Access, Inc., a company involved in consulting and marketing. Kapstone Financial Advisors serves individuals, families, trusts, businesses, and retirement plans by providing discretionary and non-discretionary wealth management, financial planning, and retirement-plan advisory services. The firm employs a primarily long-term investment approach focused on ETFs and mutual funds, incorporating both fundamental and technical analysis.
David K
CFP®, Series 66
Lebanon, OH
Kapstone Financial Advisors LLC
David Kronour is a CFP® and Series 66 credentialed advisor with 20 years of industry experience. He has worked with several firms, including Ameriprise Financial Services, Inc. and National Securities Corporation, before joining Kapstone Financial Advisors LLC in 2022. He is also a licensed insurance professional. Kapstone Financial Advisors serves individuals, families, trusts, businesses, and retirement plans, offering wealth management, financial planning, and retirement-plan advisory services. The firm employs a primarily long-term, ETF and mutual fund–focused investment approach, combining fundamental and technical analysis while accommodating shorter-term trading needs.
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