# Steel Grove Capital Advisors, LLC

> Steel Grove Capital Advisors, LLC is an SEC-registered investment advisory firm in Memphis, TN, registered since 2001, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 29, 2026.

- CRD: 115231
- Filed as: STEEL GROVE CAPITAL ADVISORS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Memphis, TN
- Filing period: October 2026
- Form ADV filing dated: September 29, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/115231
- AdvisorCensus page: https://advisorcensus.com/firm/steel-grove-capital-advisors-llc-memphis-tn-115231

## Quick answers

**How is Steel Grove Capital Advisors, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Steel Grove Capital Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees.

**How much does Steel Grove Capital Advisors, LLC charge?**
Its Form ADV Part 2A brochure dated March 27, 2026 states: Asset-based fee: up to 1% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Steel Grove Capital Advisors, LLC located?**
Steel Grove Capital Advisors, LLC's principal office is in Memphis, TN, according to its Form ADV; the October 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Steel Grove Capital Advisors, LLC registered with the SEC or a state?**
Steel Grove Capital Advisors, LLC is an SEC-registered investment advisory firm, registered since 2001. Status as filed: Approved. CRD 115231.

**How much does Steel Grove Capital Advisors, LLC manage?**
Steel Grove Capital Advisors, LLC reports $1,639,538,829 in regulatory assets under management in its Form ADV filing dated September 29, 2026 (84% discretionary).

**How have Steel Grove Capital Advisors, LLC's assets and staff changed since 2021?**
In the Form ADV data for Steel Grove Capital Advisors, LLC: Regulatory assets under management: $912,961,039 in the October 2021 data and $1,639,538,829 in the October 2026 data, up 80%. Total employees: 11 in October 2021 and 13 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Steel Grove Capital Advisors, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (831); individuals (other than high net worth individuals) (36); charitable organizations (11).

**Which custodians does Steel Grove Capital Advisors, LLC use?**
Steel Grove Capital Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Steel Grove Capital Advisors, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/115231

**Does Steel Grove Capital Advisors, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 27, 2026 says: "Steel Grove generally does not impose a minimum relationship size."

**What changed in Steel Grove Capital Advisors, LLC's recent Form ADV filings?**
In the October 2026 filing data: Added an office in Dallas, TX. No longer lists an office in Oxford, MS.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 27, 2026)

- Asset-based fee: up to 1% of assets a year (the maximum the brochure states)

> Wealth management fees will not exceed 1.00% annually based on several factors, including: the scope and complexity of the services to be provided; the level of assets to be managed; and the overall relationship with the Advisor.

> Fees may be negotiable at the sole discretion of the Advisor.

- Account minimum: None

> Steel Grove generally does not impose a minimum relationship size.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $1,639,538,829
- Discretionary: $1,382,731,492
- Non-discretionary: $256,807,337

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 36 | $8,941,439 |
| High net worth individuals | 831 | $1,544,098,775 |
| Charitable organizations | 11 | $59,616,926 |
| State or municipal government entities (including government pension plans) | 2 | $24,626,852 |
| Corporations or other businesses not listed above | 4 | $2,254,837 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2001 (25 years)
- Employees: 13 total, 7 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AL, AR, CA, CO, FL, GA, LA, MD, MS, NC, NH, OH, OK, PA, SC, TN, TX, VA, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Dallas, TX

### Websites listed on Form ADV (Item 1.I)
- [steelgrove.com](https://steelgrove.com)
- LinkedIn @steel-grove-capital-advisors

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $912,961,039 | 11 | May 17, 2021 |
| October 2022 | $1,266,427,531 | 11 | March 14, 2022 |
| October 2023 | $1,227,657,292 | 11 | July 12, 2023 |
| October 2024 | $1,355,751,329 | 11 | August 1, 2024 |
| October 2025 | $1,360,070,395 | 12 | June 6, 2025 |
| October 2026 | $1,639,538,829 | 13 | September 29, 2026 |

Regulatory assets under management: $912,961,039 in the October 2021 data and $1,639,538,829 in the October 2026 data, up 80%.
Total employees: 11 in October 2021 and 13 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Added an office in Dallas, TX.
- No longer lists an office in Oxford, MS.

### April 2026
- Regulatory assets under management went from $1,360,070,395 to $1,639,538,829 (+21%).
- Registered or notice-filed in AR, CA, CO, MD, NC, NH, OH, OK, PA, SC, WI.

### February 2026
- Added an office in Oxford, MS.
- Updated its list of owners and control persons (Schedule A).

### January 2026
- No longer registered or notice-filed in NC.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Steel Grove Capital Advisors, LLC (CRD 115231): Form ADV filing data as of October 2026.