James S. Nesbit

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CRD#: 1330746

Professional summary

James Stuart Nesbit was barred by the FINRA from acting as a broker or investment advisor or otherwise associating with a broker-dealer firm.

James is a previously registered financial advisor and started their career in finance in 1985. Prior to being barred, James had worked at 10 firms, which includes CAPITOL SECURITIES MANAGEMENT INC., BI INVESTMENTS LLC, WADDELL & REED, NEXT FINANCIAL GROUP INC., BRIGHT COVE SECURITIES INC., SIGNAL SECURITIES INC., WORLD INVEST CORPORATION, SECURITIES AMERICA INC., FSC SECURITIES CORPORATION, RELIASTAR FINANCIAL MARKETING CORP..

Question & Answer

Are you a "fiduciary"?

Aliases

Nesbit

Other business activities

Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.

The advisor shows no other business activity.

Blog Corner

CRS (Client Relationship Summary)

The CRS(Customer Relationship Summary) document is not provided.

Certified licenses

Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®

None

Experience

Past

January 23, 2008 - April 29, 2010

CAPITOL SECURITIES MANAGEMENT, INC.

RIA

CRD#: 14169

VA BEACH, VA

Past

January 18, 2008 - April 29, 2010

CAPITOL SECURITIES MANAGEMENT, INC.

CRD#: 14169

VA BEACH, VA

Past

January 13, 2005 - September 6, 2006

BI INVESTMENTS, LLC

RIA

CRD#: 125437

NORFOLK, VA

Past

January 12, 2005 - September 6, 2006

BI INVESTMENTS, LLC

CRD#: 125437

NORFOLK, VA

Past

September 11, 2003 - January 13, 2005

WADDELL & REED

RIA

CRD#: 866

VIRGINIA BEACH, VA

Past

July 15, 2003 - January 13, 2005

WADDELL & REED

CRD#: 866

OVERLAND PARK, KS

Past

December 4, 2001 - December 31, 2002

NEXT FINANCIAL GROUP, INC.

CRD#: 46214

HOUSTON, TX

Past

September 26, 1997 - October 31, 2001

BRIGHT COVE SECURITIES, INC.

CRD#: 41048

VIRGINIA BEACH, VA

Past

May 26, 1994 - April 8, 1997

SIGNAL SECURITIES, INC.

CRD#: 15916

FORT WORTH, TX

Past

March 24, 1994 - June 1, 1994

WORLD INVEST CORPORATION

CRD#: 17223

DEERFIELD BEACH, FL

Past

March 20, 1990 - March 25, 1994

SECURITIES AMERICA, INC.

CRD#: 10205

LAVISTA, NE

Past

December 1, 1988 - July 17, 1989

FSC SECURITIES CORPORATION

CRD#: 7461

ATLANTA, GA

Past

January 14, 1985 - December 12, 1988

RELIASTAR FINANCIAL MARKETING CORP.

CRD#: 4234

Primary Firm SEC Registration

This SEC-registered firm can serve clients nationwide. Some states may require the firm to submit a notice filing if the firm has more than 5 clients or a physical office there. You can view these state-level filings under the section titled "State Registrations and Notice Filings".

CAPITOL SECURITIES MANAGEMENT, INC.

CAPITOL SECURITIES MANAGEMENT, INC. | IFS SECURITIES, INC. | FS SECURITIES, INC.

CRD#: 14169 / SEC#: 801-41033, 8-30353

RIA

Registered Investment Advisory firm - SEC (3/16/1992 Approved)

California

Registered Investment Advisory firm - SEC (2/23/2001 Cancelled)

Broker-Dealer Firm Regulated by FINRA (Philadelphia district office)

State Registrations and Notice Filings

Listed states reflect where the advisor is authorized to serve clients under state regulations.

Visual representation of state registrations

This advisor is not registered in any state.

Don't see your state listed? The advisor may still be able to work with you under the federal De Minimis Rule, which allows up to five investment advisory clients in a state without registration. Some states, like TX, LA, NE, and NH, may still require registration or notice filing. Contact the advisor or their firm to confirm their investment advisory availability in your state.

Exams

State Security Law Exam

IAR

Series 65

Date: 4/29/1993

Uniform Investment Adviser Law Examination

State Security Law Exam

Series 63

Date: 2/14/1985

Uniform Securities Agent State Law Examination

General Industry/Product Exam

Series 7

Date: 3/15/1986

General Securities Representative Examination

General Industry/Product Exam

Series 6

Date: 1/11/1985

Investment Company Products/Variable Contracts Representative Examination

Current Firm

CAPITOL SECURITIES MANAGEMENT, INC.

CAPITOL SECURITIES MANAGEMENT, INC. | IFS SECURITIES, INC. | FS SECURITIES, INC.

CRD#: 14169 / SEC#: 801-41033, 8-30353

RIA

Registered Investment Advisory firm - SEC (3/16/1992 Approved)

California

Registered Investment Advisory firm - SEC (2/23/2001 Cancelled)

Broker-Dealer Firm Regulated by FINRA (Philadelphia district office)

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Contact information

Main Address

4050 Innslake Drive Suite 250, Glen Allen, VA 23060

Mailing Address

4050 Innslake Drive Suite 250, Glen Allen, VA 23060

Phone number

(804) 612-9700

Established

Virginia since 03/22/1981

Firm type

Corporation

Fiscal year end

December

Firm Size

Small

# of Employees

170

SEC notice filing (52 States and Territories)

FINRA licenses (52 States and Territories)

Documents

Customer Relationship Summary (CRS / SEC)

Customer Relationship Summary (CRS / FINRA)

Latest Form ADV

Part 2 Brochures

CSM_ADV PART 2A_3.31.2025 (5/30/2025)

CSM ADV PART2A_APPENDIX 1 (WRAP PROGRAM BROCHURE)_3.31.2025 (5/30/2025)

Direct owners and executive officers

Name	Position	CRD#
CS FINANCIAL GROUP INC.	HOLDING COMPANY
HALLBERG, KATHERINE ROSE	CHIEF COMPLIANCE OFFICER	5016264
JIANOS, JOSEPH ARISTOTLE	CHAIRMAN & CEO	1374020
WALLACE, JAMES LOUIS	CHIEF OPERATING OFFICER	2099074
WETHERELL, EDWARD LEE	CHIEF STRATEGY OFFICER	2159349
ZUBOV, IRINA	DIRECTOR OF FINANCE	5166218

Regulatory assets under management

Total Number of Accounts	3,745
AUM (Assets Under Management)	$ 1,818,741,357

Disclosures

Regulatory Event	10
Arbitration	2

Red Flags

Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.

Check for any disclosures as part of your thorough research when choosing an advisor.

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James S. Nesbit

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary)

Certified licenses

Experience

CAPITOL SECURITIES MANAGEMENT, INC.

BI INVESTMENTS, LLC

BI INVESTMENTS, LLC

WADDELL & REED

WADDELL & REED

NEXT FINANCIAL GROUP, INC.

BRIGHT COVE SECURITIES, INC.

SIGNAL SECURITIES, INC.

WORLD INVEST CORPORATION

SECURITIES AMERICA, INC.

FSC SECURITIES CORPORATION

RELIASTAR FINANCIAL MARKETING CORP.

Primary Firm SEC Registration

CAPITOL SECURITIES MANAGEMENT, INC.

State Registrations and Notice Filings

Exams

Series 65

Date: 4/29/1993

Series 63

Date: 2/14/1985

Series 7

Date: 3/15/1986

Series 6

Date: 1/11/1985

Current Firm

CAPITOL SECURITIES MANAGEMENT, INC.

Contact information

SEC notice filing (52 States and Territories)

FINRA licenses (52 States and Territories)

Documents

Part 2 Brochures

Direct owners and executive officers

Regulatory assets under management

Disclosures

Red Flags

Company Information

CAPITOL SECURITIES MANAGEMENT, INC.

TRUST BUT VERIFY

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