AdvisorCensus / Financial advisors / California / San Francisco / Step Advisers, LLC
Step Advisers, LLC is an SEC-registered investment advisory firm in San Mateo, CA, registered since 2022, with no regulatory assets under management reported in its Form ADV filing dated August 7, 2026.
Quick answers
From the filingHow is Step Advisers, LLC compensated?
On its Form ADV (Item 5.E, October 2026), Step Advisers, LLC reports these compensation arrangements: other.
Where is Step Advisers, LLC located?
Step Advisers, LLC's principal office is in San Mateo, CA, according to its Form ADV.
Is Step Advisers, LLC registered with the SEC or a state?
Step Advisers, LLC is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 322349.
How have Step Advisers, LLC's assets and staff changed since 2022?
In the Form ADV data for Step Advisers, LLC: Total employees: 3 in October 2022 and 1 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Step Advisers, LLC serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (80,707).
Does Step Advisers, 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/322349
Does Step Advisers, LLC state an account minimum?
Its Form ADV Part 2A brochure dated August 7, 2026 says: "The Firm does not impose a minimum account size or minimum investment amount."
What changed in Step Advisers, LLC's recent Form ADV filings?
In the April 2026 filing data: Employees performing advisory functions went from 3 to 1. Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- Other
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAccount minimum: None
The brochure's wording
The Firm does not impose a minimum account size or minimum investment amount.
As stated in the firm's Form ADV Part 2A brochure dated August 7, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.FNot reported.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for individuals and/or small businesses
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2022 (4 years)
- Employees
- Total: 1. Performing investment advisory functions: 1.
- Wrap fee program participation
- No.
- States registered or notice-filed
-
51 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | Not reported | 1 | August 7, 2026 |
| October 2025 | Not reported | 3 | June 23, 2025 |
| October 2024 | Not reported | 3 | March 29, 2024 |
| October 2023 | Not reported | 3 | January 17, 2023 |
| October 2022 | Not reported | 3 | August 16, 2022 |
Total employees: 3 in October 2022 and 1 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Employees performing advisory functions went from 3 to 1.
- Updated its list of owners and control persons (Schedule A).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Step Advisers, LLC (CRD 322349): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/step-advisers-llc-san-mateo-ca-322349