# Steele Capital Management, Inc.

> Steele Capital Management, Inc. is an SEC-registered investment advisory firm in Dubuque, IA, registered since 1995, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated August 26, 2026.

- CRD: 107097
- Filed as: STEELE CAPITAL MANAGEMENT, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Dubuque, IA
- Filing period: October 2026
- Form ADV filing dated: August 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/107097
- AdvisorCensus page: https://advisorcensus.com/firm/steele-capital-management-inc-dubuque-ia-107097

## Quick answers

**How is Steele Capital Management, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Steele Capital Management, Inc. reports these compensation arrangements: a percentage of assets under its management.

**How much does Steele Capital Management, Inc. charge?**
Its Form ADV Part 2A brochure dated March 18, 2026 states: Hourly rate: $100 to $450 an hour (selected services). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Steele Capital Management, Inc. located?**
Steele Capital Management, Inc.'s principal office is in Dubuque, IA, according to its Form ADV; the September 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Steele Capital Management, Inc. registered with the SEC or a state?**
Steele Capital Management, Inc. is an SEC-registered investment advisory firm, registered since 1995. Status as filed: Approved. CRD 107097.

**How much does Steele Capital Management, Inc. manage?**
Steele Capital Management, Inc. reports $3,547,339,793 in regulatory assets under management in its Form ADV filing dated August 26, 2026 (99% discretionary).

**How have Steele Capital Management, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Steele Capital Management, Inc.: Regulatory assets under management: $2,458,650,101 in the October 2021 data and $3,547,339,793 in the October 2026 data, up 44%. Total employees: 11 in October 2021 and 15 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Steele Capital Management, Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (939); high net worth individuals (582); pension and profit sharing plans (but not the plan participants or government pension plans) (103).

**Which custodians does Steele Capital Management, Inc. use?**
Steele Capital Management, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Charles Schwab Trust Company as custodians holding 10% or more of its separately managed account assets.

**Does Steele Capital Management, Inc. 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/107097

**What changed in Steele Capital Management, Inc.'s recent Form ADV filings?**
In the September 2026 filing data: Registered or notice-filed in LA, NH, RI.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated March 18, 2026)

- Hourly rate: $100 to $450 an hour (selected services)

> An hourly fee for selected services will generally correlate with the specific employee resources utilized and will range from $100 to $450 per hour.

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.
- Charles Schwab Trust Company

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: $3,547,339,793
- Discretionary: $3,506,818,278
- Non-discretionary: $40,521,515

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 939 | $387,591,635 |
| High net worth individuals | 582 | $2,271,382,021 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 103 | $852,738,420 |
| Charitable organizations | Fewer than 5 | $9,662,115 |
| Corporations or other businesses not listed above | 20 | $25,965,602 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services

### Firm details
- Registered since: 1995 (30 years)
- Employees: 15 total, 13 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, FL, GA, IA, IL, IN, LA, MI, MN, MO, NC, NE, NH, NY, PA, RI, SC, SD, TN, TX, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Omaha, NE
- West des Moines, IA

### Websites listed on Form ADV (Item 1.I)
- steelecapital.com
- LinkedIn @STEELE-CAPITAL-MANAGEMENT-INC-

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $2,458,650,101 | 11 | March 23, 2021 |
| October 2022 | $2,811,200,716 | 13 | May 25, 2022 |
| October 2023 | $2,330,408,674 | 14 | March 24, 2023 |
| October 2024 | $2,692,631,181 | 14 | August 5, 2024 |
| October 2025 | $3,030,626,319 | 14 | March 7, 2025 |
| October 2026 | $3,547,339,793 | 15 | August 26, 2026 |

Regulatory assets under management: $2,458,650,101 in the October 2021 data and $3,547,339,793 in the October 2026 data, up 44%.
Total employees: 11 in October 2021 and 15 in October 2026.

## Changes in the filing (last 12 months)

### September 2026
- Registered or notice-filed in LA, NH, RI.

### April 2026
- Employees performing advisory functions went from 11 to 13.
- Regulatory assets under management went from $3,030,626,319 to $3,547,339,793 (+17%).

### January 2026
- No longer registered or notice-filed in NH, RI, VA.

### December 2025
- Registered or notice-filed in IN.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Steele Capital Management, Inc. (CRD 107097): Form ADV filing data as of October 2026.