Steel Grove Capital Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, estate planning, insurance, philanthropic planning, and tax planning. Financial planning was provided to 251–500 clients last fiscal year.
Steel Grove Capital Advisors reports 884 clients. They include 831 high-net-worth individuals, 36 individual clients and 11 charitable organizations. Of its assets, 84.3% ($1.38B across 690 accounts) are managed with discretion; $257M across 194 accounts are not. Of its clients, 5% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 4% | <1% |
| High-net-worth individuals | 94% | 94% |
| Charitable organizations | 1% | 4% |
| State or municipal government entities | <1% | 2% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 36 | $8.94M | 0.5% | $248K |
| High-net-worth individuals | 831 | $1.54B | 94.2% | $1.86M |
| Charitable organizations | 11 | $59.6M | 3.6% | $5.42M |
| State or municipal government entities | Fewer than 5 | $24.6M | 1.5% | $12.3M |
| Corporations and other businesses | Fewer than 5 | $2.25M | 0.1% | $564K |
| Total | 884 | $1.64B | 100% | — |
- Clients
- 36
- Regulatory AUM
- $8.94M
- AUM share
- 0.5%
- Avg. per client
- $248K
- Clients
- 831
- Regulatory AUM
- $1.54B
- AUM share
- 94.2%
- Avg. per client
- $1.86M
- Clients
- 11
- Regulatory AUM
- $59.6M
- AUM share
- 3.6%
- Avg. per client
- $5.42M
- Clients
- Fewer than 5
- Regulatory AUM
- $24.6M
- AUM share
- 1.5%
- Avg. per client
- $12.3M
- Clients
- Fewer than 5
- Regulatory AUM
- $2.25M
- AUM share
- 0.1%
- Avg. per client
- $564K
Total
- Clients
- 884
- Regulatory AUM
- $1.64B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 5%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 251–500
Steel Grove Capital Advisors charges up to 1.00% a year for its Wealth Management Services. The fee is billed in arrears and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning Services
- Financial planning is generally included in the wealth management fee; where circumstances warrant, it may be charged separately at a fee agreed in advance.
- General Consulting
- Project-based general consulting, such as estate or income tax planning analysis, is negotiated per engagement and normally billed hourly or at a fixed fee.
Steven Sansom owns 75% or more of Steel Grove Capital Advisors. Steven Sansom is CEO; the leadership team includes Chief Investment Officer William Martin and Chief Compliance Officer Craig Sneed. It has 13 employees, 7 of them in advisory roles.
Leadership
- Steven SansomChief Executive Officer, Senior Managing Director
- Craig SneedChief Compliance Officer
- William MartinChief Investment Officer
Investment adviser representatives
7 representatives listed in the SEC register as of 9 October 2026.
- Timothy Clyde Ballard
- Christian DuBarry Becnel
- Jonathan Thomas Martin
- William Carroll Martin
- Steven Wayne Sansom
- Craig Heppel Sneed
- Clayton Allen Williams
Staff
- 13 employees
- 7 in advisory functions
- 7 state-registered reps
- Owns 75% or more of Steel Grove Capital Advisors, LLC
Steven Sansom
Control person · since September 2001
Steel Grove Capital Advisors’ regulatory assets grew 1.8× from $913M (May 2021) to $1.64B (September 2026); clients rose from 189 to 884 and employees from 11 to 13.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| September 2026 | $1.64B | 884 | 13 | 3 |
| June 2025 | $1.36B | 878 | 12 | 1 |
| June 2024 | $1.36B | 952 | 11 | 2 |
| July 2023 | $1.23B | 211 | 11 | 2 |
| March 2022 | $1.27B | 217 | 11 | 1 |
| May 2021 | $913M | 189 | 11 | 1 |
Besides its headquarters, Steel Grove Capital Advisors has 2 offices (1 private residence, listed without an address), with 2 listed addresses in Tennessee and Texas.
Tennessee · 1 listed address
- 5100 Poplar Avenue, Suite 3100, MemphisHQ
Texas · 1 listed address
- 4514 Cole Avenue, Dallas
Contact and registration details
- Legal name
- Steel Grove Capital Advisors, LLC
- Headquarters
- 5100 Poplar Avenue, Suite 3100, Memphis, TN 38137
- Website
- steelgrove.com
- Phone
- 901-498-6300
- @steel-grove-capital-advisors
- SEC file
- 801-60517
- Founded
- 2001
- Structure
- Delaware LLC
- Fiscal year end
- December
Steel Grove Capital Advisors uses Charles Schwab ($1.37B) as custodian for its separately managed accounts. Steel Grove Capital Advisors has custody of $1.38B in client assets for 690 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $1.37B100%
At year end, Steel Grove Capital Advisors’ separately managed accounts were mostly in funds (65%) and stocks (22%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.07B across 223 positions; the largest are Vanguard S&P 500 ETF (23.5%), Invesco Qqq Trust Series I (17.7%) and Nvidia Corporation (8.7%).
What the accounts hold
- Stocks22%
- Funds65%
- Pooled vehicles47%
- Registered funds18%
- Bonds7%
- U.S. government and agency bonds6%
- State and local bonds1%
- Cash6%
Reported 13F holdings
- $1.07B
- Reported 13F value
- 223
- Positions
- 70.4%
- In the 10 largest
- +13.0%
- Value vs. prior quarter
- Vanguard S&P 500 ETFETF23.5%
- Invesco Qqq Trust Series IETF17.7%
- Nvidia Corporation8.7%
- Alphabet Inc. Cap Stk CL A6.1%
- State Street SPDR Dow Jones Industrial Average ETF TrustETF4.1%
- Distillate US Fundamental Stability & Value ETFETF3.5%
- Meta Platforms Inc. CL A2.3%
- iShares Core S&P 500 ETFETF1.6%
- iShares Bitcoin Trust ETFETF1.4%
- Goldman Sachs Group Inc.1.4%
Together, the ten largest are 70.4% of reported value.
How many clients does Steel Grove Capital Advisors have?
Steel Grove Capital Advisors has 884 clients and manages $1.64 billion for them, as of September 2026. They include 831 high-net-worth individuals, 36 individual clients and 11 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 29 September 2026
What services does Steel Grove Capital Advisors offer?
Steel Grove Capital Advisors provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, estate planning, insurance, philanthropic planning, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Steel Grove Capital Advisors charge?
Steel Grove Capital Advisors charges up to 1.00% a year for its Wealth Management Services. The fee is billed in arrears and is negotiable.
Source: FORM ADV PART 2A - DISCLOSURE BROCHURE, filed 29 September 2026
Which custodians does Steel Grove Capital Advisors use?
Steel Grove Capital Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $1.37B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 29 September 2026
How many financial advisors does Steel Grove Capital Advisors have?
Steel Grove Capital Advisors has 7 investment adviser representatives registered with state securities authorities, out of 13 employees, and 7 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Steel Grove Capital Advisors invest in?
At the end of its last fiscal year, Steel Grove Capital Advisors’ separately managed accounts held 47% pooled vehicles (private funds and similar), 22% exchange-traded equities, 18% registered funds (mutual funds, ETFs, BDCs), 6% U.S. government and agency bonds, 6% cash and equivalents and 1% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Steel Grove Capital Advisors?
Steel Grove Capital Advisors’ direct owner is Steven Sansom (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 29 September 2026
How does Steel Grove Capital Advisors get paid?
Steel Grove Capital Advisors is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Steel Grove Capital Advisors registered with the SEC?
Yes, Steel Grove Capital Advisors has been registered with the SEC as an investment adviser since 24 August 2001. Its CRD number is 115231 and its SEC file number is 801-60517.
Source: Form ADV Part 1A, Item 1, filed 29 September 2026; IAPD firm record
How do I contact Steel Grove Capital Advisors?
Steel Grove Capital Advisors’ main office is at 5100 Poplar Avenue, Suite 3100, Memphis, TN 38137. Its phone number is 901-498-6300. Its website is steelgrove.com.