# Steward Capital Management

> Steward Capital Management is an SEC-registered investment advisory firm in Bloomfield Hills, MI, registered since 1988, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated March 26, 2026.

- CRD: 104936
- Filed as: STEWARD CAPITAL MANAGEMENT
- Legal name: Steward Capital Management, Inc.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Bloomfield Hills, MI
- Filing period: October 2026
- Form ADV filing dated: March 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/104936
- AdvisorCensus page: https://advisorcensus.com/firm/steward-capital-management-bloomfield-hills-mi-104936

## Quick answers

**How is Steward Capital Management compensated?**
On its Form ADV (Item 5.E, October 2026), Steward Capital Management reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is Steward Capital Management located?**
Steward Capital Management's principal office is in Bloomfield Hills, MI, according to its Form ADV.

**Is Steward Capital Management registered with the SEC or a state?**
Steward Capital Management is an SEC-registered investment advisory firm, registered since 1988. Status as filed: Approved. CRD 104936.

**How much does Steward Capital Management manage?**
Steward Capital Management reports $95,148,352 in regulatory assets under management in its Form ADV filing dated March 26, 2026 (49% discretionary).

**How have Steward Capital Management's assets and staff changed since 2021?**
In the Form ADV data for Steward Capital Management: Regulatory assets under management: $158,031,130 in the October 2021 data and $95,148,352 in the October 2026 data, down 40%. Total employees: 4 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Steward Capital Management serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (29); corporations or other businesses not listed above (22); high net worth individuals (13).

**Which custodians does Steward Capital Management use?**
Steward Capital Management'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 Steward Capital Management report any disciplinary disclosures?**
Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/104936

**Does Steward Capital Management state an account minimum?**
Its Form ADV Part 2A brochure dated March 25, 2026 says: "SCM does not require that its clients maintain a minimum account size or pay a minimum annual fee for SCM’s services."

**What changed in Steward Capital Management's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $114,998,126 to $95,148,352 (-17%).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 25, 2026)

- Account minimum: None

> SCM does not require that its clients maintain a minimum account size or pay a minimum annual fee for SCM’s services.

- Minimum annual fee: None

> SCM does not require that its clients maintain a minimum account size or pay a minimum annual fee for SCM’s services.

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: $95,148,352
- Discretionary: $46,392,961
- Non-discretionary: $48,755,391

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 29 | $12,216,312 |
| High net worth individuals | 13 | $34,122,121 |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $40,844,234 |
| Charitable organizations | Fewer than 5 | $34,528 |
| Corporations or other businesses not listed above | 22 | $7,931,157 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Other

### Firm details
- Registered since: 1988 (38 years)
- Employees: 5 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MI, TX
- Disclosures (Item 11): Reports 3 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/104936

### Websites listed on Form ADV (Item 1.I)
- stewardcapital.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $158,031,130 | 4 | March 17, 2021 |
| October 2022 | $143,621,871 | 4 | July 29, 2022 |
| October 2023 | $129,519,904 | 5 | April 28, 2023 |
| October 2024 | $137,717,669 | 5 | April 26, 2024 |
| October 2025 | $114,998,126 | 5 | March 29, 2025 |
| October 2026 | $95,148,352 | 5 | March 26, 2026 |

Regulatory assets under management: $158,031,130 in the October 2021 data and $95,148,352 in the October 2026 data, down 40%.
Total employees: 4 in October 2021 and 5 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $114,998,126 to $95,148,352 (-17%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Steward Capital Management (CRD 104936): Form ADV filing data as of October 2026.