Steele Capital Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, and pension consulting. Financial planning was provided to 251–500 clients last fiscal year.
Steele Capital Management reports 1,644 clients. They include 939 individual clients, 582 high-net-worth individuals, and 103 pension and profit-sharing plans. Of its assets, 98.9% ($3.51B across 4,376 accounts) are managed with discretion; $40.5M across 42 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 57% | 11% |
| High-net-worth individuals | 35% | 64% |
| Pension and profit-sharing plans | 6% | 24% |
| Charitable organizations | Fewer than 5 | <1% |
| Corporations and other businesses | 1% | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 939 | $388M | 10.9% | $413K |
| High-net-worth individuals | 582 | $2.27B | 64.0% | $3.9M |
| Pension and profit-sharing plans | 103 | $853M | 24.0% | $8.28M |
| Charitable organizations | Fewer than 5 | $9.66M | 0.3% | — |
| Corporations and other businesses | 20 | $26M | 0.7% | $1.3M |
| Total | 1,644 | $3.55B | 100% | — |
- Clients
- 939
- Regulatory AUM
- $388M
- AUM share
- 10.9%
- Avg. per client
- $413K
- Clients
- 582
- Regulatory AUM
- $2.27B
- AUM share
- 64.0%
- Avg. per client
- $3.9M
- Clients
- 103
- Regulatory AUM
- $853M
- AUM share
- 24.0%
- Avg. per client
- $8.28M
- Clients
- Fewer than 5
- Regulatory AUM
- $9.66M
- AUM share
- 0.3%
- Avg. per client
- —
- Clients
- 20
- Regulatory AUM
- $26M
- AUM share
- 0.7%
- Avg. per client
- $1.3M
Total
- Clients
- 1,644
- Regulatory AUM
- $3.55B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 251–500
Steele Capital Management charges up to 1.50% a year for its Individual advisory services. The fee is billed in advance and is negotiable.
Fee details and sources
Michael D Steele Trust owns 75% or more of Steele Capital Management and is in turn owned by Michael Steele (75% or more). The leadership team of Steele Capital Management includes President Michael Steele, Chief Investment Officer Brett Wessels and Chief Financial Officer Kathryn Moran. It has 15 employees, 13 of them in advisory roles.
Leadership
- Michael SteeleCEO/President
- Kathryn MoranChief Compliance Officer/Chief Financial Officer
- Christopher BoxleiterDirector of Company Sponsored Retirement Plans
- Brett WesselsChief Investment Officer
- Bradley LewisSenior Portfolio Manager
- Nicholas SmithSenior Portfolio Manager
Investment adviser representatives
15 representatives listed in the SEC register as of 9 October 2026.
- Christopher Matthew Boxleiter
- Thomas Joseph Halatek
- Vernon Harold Henjes
- Nicholas Brennan Hoffmann
- Jennifer Cecelia Kettering
- Bradley Lewis
- Kathryn Lynn Moran
- Dawn Marie Otting
- Justin Schultz
- Martin John Smith
- Nicholas Patrick Smith
- Michael Daniel Steele
- Trent Steines
- William Joseph Streff
- Brett Allen Wessels
Staff
- 15 employees
- 13 in advisory functions
- 13 state-registered reps
- 7 soliciting firms
- Owns 75% or more of Steele Capital Management, Inc.
Michael D Steele Trust
since January 2018
- Owns 75% or more of Michael D Steele Trust
Michael Steele
Control person · since March 2001
- Owns 10% to 25% of Steele Capital Management, Inc.
Daniel L Steele 2024 Trust
since February 2024
Daniel Steele
Beneficiary of trust · since February 2024
Brigid Steele
Trustee · since February 2024
- Owns 10% to 25% of Steele Capital Management, Inc.
Ashley E Steele 2024 Trust
since February 2024
Ashley Steele
Beneficiary of trust · since February 2024
- Owns 5% to 10% of Steele Capital Management, Inc.
Kathryn Moran
since November 2016
- Owns 5% to 10% of Steele Capital Management, Inc.
Bradley Lewis
since January 2018
- Owns 5% to 10% of Steele Capital Management, Inc.
Nicholas Smith
since January 2018
- Owns 5% to 10% of Steele Capital Management, Inc.
Brett Wessels
since January 2018
- Owns 5% to 10% of Steele Capital Management, Inc.
Christopher Boxleiter
since January 2018
Steele Capital Management’s regulatory assets grew from $2.46B (March 2021) to $3.55B (August 2026); clients rose from 1,505 to 1,644 and employees from 11 to 15.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Aug 2026August 2026 | $3.55B | 1,644 | 15 | 3 |
| Mar 2025March 2025 | $3.03B | 1,601 | 14 | 3 |
| Mar 2024March 2024 | $2.69B | 1,579 | 14 | 3 |
| Mar 2023March 2023 | $2.33B | 1,569 | 14 | 3 |
| May 2022May 2022 | $2.81B | 1,543 | 13 | 3 |
| Mar 2021March 2021 | $2.46B | 1,505 | 11 | 3 |
Besides its headquarters, Steele Capital Management has 2 offices, with 3 listed addresses across 2 states.
Iowa · 2 listed addresses
- 1000 Jackson Street, Suite 201, DubuqueHQ
- 5550 Wild Rose Lane, #400, West Des Moines
Nebraska · 1 listed address
- 2111 South 67th Street, Omaha
Contact and registration details
- Legal name
- Steele Capital Management, Inc.
- Headquarters
- 1000 Jackson Street, Suite 201, Dubuque, IA 52001
- Website
- Not reported
- Phone
- 563-588-2097
- @steele-capital-management-inc-
- SEC file
- 801-50636
- Structure
- Iowa corporation
- Fiscal year end
- December
Steele Capital Management’s named custodians for separately managed accounts are Charles Schwab ($2.66B, 76%) and Charles Schwab ($844M, 24%). Steele Capital Management does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $2.66B76%
- Charles SchwabCharles Schwab Trust Company · Henderson, NV · $844M24%
At year end, Steele Capital Management’s separately managed accounts were mostly in stocks (56%) and funds (41%). Its reported 13F holdings for the quarter ended 30 June 2026 total $2.72B across 85 positions; the largest are iShares TR (10.4%), Schwab Strategic TR (7.4%) and Schwab Strategic TR (7.2%).
What the accounts hold
- Stocks56%
- Funds41%
- Registered funds28%
- Pooled vehicles13%
- Bonds1%
- Cash2%
Reported 13F holdings
- $2.72B
- Reported 13F value
- 85
- Positions
- 58.3%
- In the 10 largest
- +12.6%
- Value vs. prior quarter
- iShares TR · Core S&P500 ETF10.4%
- Schwab Strategic TR · Fundamental US L7.4%
- Schwab Strategic TR · Intl Eqty ETF7.2%
- Vanguard Tax-managed Fds · Van FTSE Dev Mkt5.8%
- Vanguard Index Fds · S&P 500 ETF Shs5.7%
- Invesco Qqq TR · Unit Ser 15.4%
- Schwab Strategic TR · US Lrg Cap ETF4.5%
- Vanguard Intl Equity Index F · FTSE Emr Mkt ETF4.3%
- iShares TR · Core S&P Scp ETF3.8%
- Vanguard Scottsdale Fds · Shrt Trm Corp. BD3.8%
Together, the ten largest are 58.3% of reported value.
How many clients does Steele Capital Management have?
Steele Capital Management has 1,644 clients and manages $3.55 billion for them, as of August 2026. They include 939 individual clients, 582 high-net-worth individuals, and 103 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 August 2026
What services does Steele Capital Management offer?
Steele Capital Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Steele Capital Management charge?
Steele Capital Management charges up to 1.50% a year for its Individual advisory services. The fee is billed in advance and is negotiable.
Source: STEELE CAPITAL MANAGEMENT ADV 2A MARCH 2026, filed 18 March 2026
Which custodians does Steele Capital Management use?
Steele Capital Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $2.66B and Charles Schwab Trust Company (Henderson, NV), with $844M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 26 August 2026
How many financial advisors does Steele Capital Management have?
Steele Capital Management has 13 investment adviser representatives registered with state securities authorities, out of 15 employees, and 13 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 Steele Capital Management invest in?
At the end of its last fiscal year, Steele Capital Management’s separately managed accounts held 56% exchange-traded equities, 28% registered funds (mutual funds, ETFs, BDCs), 13% pooled vehicles (private funds and similar), 2% cash and equivalents and 1% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Steele Capital Management?
Steele Capital Management is owned through trusts by Michael Steele. Its direct owners are Kathryn Moran (5% to 10%), Bradley Lewis (5% to 10%), Nicholas Smith (5% to 10%), Brett Wessels (5% to 10%), Christopher Boxleiter (5% to 10%), Michael D Steele Trust (75% or more), Daniel L Steele 2024 Trust (10% to 25%) and Ashley E Steele 2024 Trust (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 26 August 2026
How does Steele Capital Management get paid?
Steele Capital Management is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Steele Capital Management?
Steele Capital Management’s main office is at 1000 Jackson Street, Suite 201, Dubuque, IA 52001. Its phone number is 563-588-2097.