Capital Analysts

Registered investment adviser · Fort Washington, PA · CRD #162200

Form ADV data as of 2026-09-01

Regulatory assets

$8.77 billion

Total accounts

23,420

Employees

679

Disclosure events

Firm details

Website: https://www.lincolninvestment.com
Telephone: 800-242-1421
SEC file number: 801-74614
Most recent Form ADV filing: 2026-07-20
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm reports 6 disclosure questions answered Yes, covering 6 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.

Charged with a felony (past 10 years)
SEC or CFTC found a false statement or omission
SEC or CFTC found a violation of its regulations or statutes
SEC or CFTC entered an order in connection with investment-related activity
SEC or CFTC imposed a civil money penalty or a cease-and-desist order
Another regulator found a violation of investment-related regulations or statutes

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$8.56 billion
Non-discretionary regulatory assets under management	$211.8 million
Total regulatory assets under management	$8.77 billion
Discretionary accounts	22,470
Non-discretionary accounts	950
Total accounts	23,420
Regulatory assets under management attributable to non-U.S. persons	$3.3 million

People

Total employees (excluding clerical)	679
Employees performing investment advisory functions (including research)	667
Employees who are registered representatives of a broker-dealer	660
Employees registered as investment adviser representatives with a state	663
Employees registered as IARs for another investment adviser	646
Employees who are licensed insurance agents	537
Firms or persons who solicit advisory clients on the firm's behalf	0

Custody

Has custody of client cash or bank accounts	Yes
Has custody of client securities	Yes
Client funds and securities held in the firm's custody	$8.74 billion
Clients for whom the firm has custody	15,761
A related person has custody of client cash or bank accounts	No
A related person has custody of client securities	No
The firm acts as a qualified custodian	No
A related person acts as a qualified custodian	No
Number of persons acting as qualified custodians for the firm's clients	7

How the firm is compensated

A percentage of assets under managementFixed fees (other than subscription fees)

Advisory services offered

Portfolio management for individuals and/or small businessesPortfolio management for businesses or institutional clientsPension consulting servicesSelection of other advisers (including private fund managers)

Affiliated related persons

Broker-dealer, municipal securities dealer, or government securities broker or dealerOther investment adviser (including financial planners)Accountant or accounting firmLawyer or law firmInsurance company or agencyReal estate broker or dealer

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Buys or sells for itself securities it also recommends to clients
Recommends securities in which it has another proprietary interest
Recommends brokers or dealers to clients
Brokers or dealers recommended under 8.E. are related persons
Receives compensation from others for client referrals

Client types

Type of client	Clients	Assets
Individuals (other than high net worth individuals)	12,569	$3.82 billion
High net worth individuals	3,042	$4.61 billion
Pension and profit sharing plans (not the participants or government plans)	87	$100.2 million
Charitable organizations	23	$29.5 million
Corporations or other businesses not listed above	119	$208.1 million