James L. Wallace

CAPITOL SECURITIES MANAGEMENT

Boston, MA 02109

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CRD#: 2099074

Professional summary

James Louis Wallace is a registered financial advisor currently at CAPITOL SECURITIES MANAGEMENT, INC. located in Boston, Massachusetts.

James is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 1991. James has worked at 9 firms and has passed the Series 66, Series 65, Series 63, Series 79TO, Series 99TO, Series 52TO, Series 57TO, SIE, Series 55, Series 7, Series 6, Series 10, Series 9, Series 27, Series 53, Series 8, Series 24 and Series 4 exams.

Question & Answer

Are you a "fiduciary"?

Yes

Aliases

None

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) - RIA

Click below to view James Louis Wallace's CRS (Customer Relationship Summary).

CRS (Customer Relationship Summary)

CRS (Client Relationship Summary) - BD

Click below to view James Louis Wallace's CRS (Customer Relationship Summary).

CRS (Customer Relationship Summary)

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

Current

September 22, 2021 - Present

CAPITOL SECURITIES MANAGEMENT, INC.

Office #1: 50 Congress Street Suite 700, Boston, MA 02109

RIA

CRD#: 14169

Boston, MA

Current

April 26, 2021 - Present

CAPITOL SECURITIES MANAGEMENT, INC.

Office #1: 50 Congress Street Suite 700, Boston, MA 02109

RIA

CRD#: 14169

Boston, MA

Past

November 25, 2020 - April 26, 2021

WOOD (ARTHUR W.) COMPANY, INC.

CRD#: 3798

BOSTON, MA

Past

April 13, 2020 - April 22, 2020

FIRST ALLIED SECURITIES, INC.

CRD#: 32444

DENVER, CO

Past

June 22, 2018 - December 3, 2019

SUMMIT BROKERAGE SERVICES, INC.

CRD#: 34643

WAKEFIELD, MA

Past

July 8, 2016 - April 22, 2020

CETERA ADVISORS LLC

CRD#: 10299

DENVER, CO

Past

March 14, 2013 - June 14, 2016

ADVISOR DIRECT

CRD#: 141363

LYNNFIELD, MA

Past

January 26, 2000 - January 18, 2017

INVESTORS CAPITAL CORP.

CRD#: 30613

LYNNFIELD, MA

Past

March 21, 1999 - January 25, 2000

NATIONAL FINANCIAL SERVICES LLC

CRD#: 13041

BOSTON, MA

Past

November 18, 1997 - December 10, 1997

NATIONAL FINANCIAL SERVICES LLC

CRD#: 13041

Past

January 21, 1991 - November 18, 1997

FIDELITY BROKERAGE SERVICES LLC

CRD#: 7784

SMITHFIELD, RI

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.

IAR

means the advisor is registered as an Investment Advisor Representative in this state and is authorized to provide investment advice to clients there.

indicates the advisor is registered as a Registered Representative in this state, allowing them to offer securities such as stocks, bonds, and mutual funds through a broker-dealer.

Visual representation of state registrations

Massachusetts
(4/26/2021)

IAR

Massachusetts
(9/22/2021)

New Hampshire
(3/22/2022)

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. Note: This rule does not apply to broker-dealer activity.

Exams

State Security Law Exam

IAR

Series 66

Date: 3/2/2021

Uniform Combined State Law Examination

State Security Law Exam

IAR

Series 65

Date: 3/10/1997

Uniform Investment Adviser Law Examination

State Security Law Exam

Series 63

Date: 12/19/1990

Uniform Securities Agent State Law Examination

General Industry/Product Exam

Series 79TO

Date: 1/2/2023

Investment Banking Registered Representative Examination

General Industry/Product Exam

Series 99TO

Date: 1/2/2023

Operations Professional Examination

General Industry/Product Exam

Series 52TO

Date: 1/2/2023

Municipal Securities Representative Examination

General Industry/Product Exam

Series 57TO

Date: 1/2/2023

Securities Trader Exam

General Industry/Product Exam

SIE

Date: 10/1/2018

Securities Industry Essentials Examination

General Industry/Product Exam

Series 55

Date: 9/10/1999

Limited Representative-Equity Trader Exam

General Industry/Product Exam

Series 7

Date: 6/4/1991

General Securities Representative Examination

General Industry/Product Exam

Series 6

Date: 1/18/1991

Investment Company Products/Variable Contracts Representative Examination

Principal/Supervisory Exam

Series 10

Date: 1/2/2023

General Securities Sales Supervisor - General Module Examination

Principal/Supervisory Exam

Series 9

Date: 1/2/2023

General Securities Sales Supervisor - Options Module Examination

Principal/Supervisory Exam

Series 27

Date: 4/10/2003

Financial and Operations Principal Examination

Principal/Supervisory Exam

Series 53

Date: 3/26/2003

Municipal Securities Principal Examination

Principal/Supervisory Exam

Series 8

Date: 7/11/1997

General Securities Sales Supervisor Examination (Options Module & General Module)

Principal/Supervisory Exam

Series 24

Date: 3/4/1997

General Securities Principal Examination

Principal/Supervisory Exam

Series 4

Date: 10/11/1994

Registered Options Principal Examination

SRO Registrations

FINRA

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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Firm Stability Insights

James L. Wallace

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view James Louis Wallace's CRS (Customer Relationship Summary).

CRS (Client Relationship Summary) - BD

Click below to view James Louis Wallace's CRS (Customer Relationship Summary).

Certified licenses

Experience

CAPITOL SECURITIES MANAGEMENT, INC.

WOOD (ARTHUR W.) COMPANY, INC.

FIRST ALLIED SECURITIES, INC.

SUMMIT BROKERAGE SERVICES, INC.

CETERA ADVISORS LLC

ADVISOR DIRECT

INVESTORS CAPITAL CORP.

NATIONAL FINANCIAL SERVICES LLC

NATIONAL FINANCIAL SERVICES LLC

FIDELITY BROKERAGE SERVICES LLC

Primary Firm SEC Registration

CAPITOL SECURITIES MANAGEMENT, INC.

State Registrations and Notice Filings

Exams

Series 66

Date: 3/2/2021

Series 65

Date: 3/10/1997

Series 63

Date: 12/19/1990

Series 79TO

Date: 1/2/2023

Series 99TO

Date: 1/2/2023

Series 52TO

Date: 1/2/2023

Series 57TO

Date: 1/2/2023

SIE

Date: 10/1/2018

Series 55

Date: 9/10/1999

Series 7

Date: 6/4/1991

Series 6

Date: 1/18/1991

Series 10

Date: 1/2/2023

Series 9

Date: 1/2/2023

Series 27

Date: 4/10/2003

Series 53

Date: 3/26/2003

Series 8

Date: 7/11/1997

Series 24

Date: 3/4/1997

Series 4

Date: 10/11/1994

FINRA

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.

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