John Richard Carlson

Capital Financial Holdings, Inc. engages in the provision of financial services. It operates through the following segments: Broker-Dealer Services, and Holding Company. The Broker-Dealer Services segment distributes securities and insurance products to retail investors through a network of registered representatives. The Holding Company segment encompasses cost associated with ownership of the company's office building, business development and acquisitions, dispositions of subsidiary entities and results of discontinued operations and dividend income and recognized gains or losses. The company was founded by Robert Edward Walstad on September 22, 1987 and is headquartered in Minot, ND.

Part of Capital Financial Holdings, Inc., Capital Financial Services, Inc. provides investment brokerage and advisory services. The company is based in Madison, WI. The company was founded by Jay D. Brehmer. Capital Financial Services was acquired by Integrity Mutual Funds, Inc. on January 15, 2002 for $2.03 million.