Steelhead Wealth Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, estate planning, insurance, philanthropic planning, and tax planning.
Steelhead Wealth Management reports 280 clients. They include 175 individual clients, 103 high-net-worth individuals and 1 charitable organization. Of its assets, 100.0% ($342M across 280 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 63% | 22% |
| High-net-worth individuals | 37% | 78% |
| Charitable organizations | <1% | <1% |
| 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) | 175 | $76.5M | 22.4% | $437K |
| High-net-worth individuals | 103 | $265M | 77.6% | $2.57M |
| Charitable organizations | 1 | $172K | 0.1% | $172K |
| Corporations and other businesses | 1 | $12.5K | 0.0% | $12.5K |
| Total | 280 | $342M | 100% | $1.22M |
- Clients
- 175
- Regulatory AUM
- $76.5M
- AUM share
- 22.4%
- Avg. per client
- $437K
- Clients
- 103
- Regulatory AUM
- $265M
- AUM share
- 77.6%
- Avg. per client
- $2.57M
- Clients
- 1
- Regulatory AUM
- $172K
- AUM share
- 0.1%
- Avg. per client
- $172K
- Clients
- 1
- Regulatory AUM
- $12.5K
- AUM share
- 0.0%
- Avg. per client
- $12.5K
Total
- Clients
- 280
- Regulatory AUM
- $342M
- AUM share
- 100%
- Avg. per client
- $1.22M
- 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
- 0
Steelhead Wealth Management charges 0.65%–1.45% for its Investment Management (Individual Accounts). The brochure does not state whether the rate is annual. Each asset band is charged at its own rate. The fee is billed in advance. The brochure also prices one other service, listed under fee details.
| Asset band | Rate (period not stated) |
|---|---|
| $0–$500K | 1.45% |
| $500K–$1M | 1.25% |
| $1M–$2M | 1.00% |
| $2M–$3M | 0.90% |
| $3M–$5M | 0.80% |
| $5M and above | 0.65% |
Fee details and sources
Other fees
- Financial Consulting
- Financial consulting is billed hourly up to $400 an hour, or up to $25,000 for a flat-fee engagement.
Michael Ellis owns 50% to 75% of Steelhead Wealth Management. It has 7 employees, 3 of them in advisory roles.
Leadership
- Trey EllingtonCCO, Investment Advisor Representative
- Michael EllisMember/Investment Advisor Representative
- Coleman PollardMember/Investment Advisor Representative
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
- Trey Grayson Ellington
- Michael S Ellis
- Coleman Williams Pollard
Staff
- 7 employees
- 3 in advisory functions
- 3 state-registered reps
- 3 insurance agents
- Owns 50% to 75% of Steelhead Wealth Management LLC
Michael Ellis
Control person · since December 2025
- Owns 25% to 50% of Steelhead Wealth Management LLC
Coleman Pollard
Control person · since December 2025
Besides its headquarters, Steelhead Wealth Management has 1 office, with 2 listed addresses in Florida and Virginia.
Florida · 1 listed address
- 999 Vanderbilt Beach RD, Naples
Virginia · 1 listed address
- 4121 Cox RD, Suite 102, Glen AllenHQ
Contact and registration details
- Legal name
- Steelhead Wealth Management LLC
- Headquarters
- 4121 Cox RD, Suite 102, Glen Allen, VA 23060
- Website
- steelheadwealth.com
- Phone
- 804-548-0781
- SEC file
- 801-134675
- Founded
- 2025
- Structure
- Virginia LLC
- Fiscal year end
- December
Steelhead Wealth Management uses Charles Schwab ($342M) as custodian for its separately managed accounts. Steelhead Wealth Management has custody of $48.4M in client assets for 39 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $342M100%
At year end, Steelhead Wealth Management’s separately managed accounts were mostly in funds (92%). Its reported 13F holdings for the quarter ended 30 June 2026 total $248K across 96 positions; the largest are Invesco Qqq TR (15.7%), Vanguard Index Fds (10.1%) and State Str SPDR Dow Jones Ind (5.8%).
What the accounts hold
- Stocks5%
- Funds92%
- Cash2%
- Other1%
- Fixed income (not classified)1%
Reported 13F holdings
- $248K
- Reported 13F value
- 96
- Positions
- 56.8%
- In the 10 largest
- +25.9%
- Value vs. prior quarter
- Invesco Qqq TR · Unit Ser 115.7%
- Vanguard Index Fds · Value ETF10.1%
- State Str SPDR Dow Jones Ind · UT Ser 15.8%
- Blackrock ETF Trust · iShares US Equit5.2%
- SPDR Series Trust · ST Str P500etf4.7%
- Vanguard Intl Equity Index F · FTSE Emr Mkt ETF4.3%
- Blackrock ETF Trust · Isha I IN TE ETF3.5%
- Blackrock ETF Trust · Isha IN Ctry ETF2.9%
- Dbx ETF TR · Xtrack MSCI Eafe2.4%
- Blackrock ETF Trust · Isha LA Core ETF2.3%
Together, the ten largest are 56.8% of reported value.
How many clients does Steelhead Wealth Management have?
Steelhead Wealth Management has 280 clients and manages $342 million for them, as of March 2026. They include 175 individual clients, 103 high-net-worth individuals and 1 charitable organization.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 19 March 2026
What services does Steelhead Wealth Management offer?
Steelhead Wealth Management provides financial planning, portfolio management for individuals and small businesses, pension consulting, 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 Steelhead Wealth Management charge?
Steelhead Wealth Management charges 0.65%–1.45% for its Investment Management (Individual Accounts). The brochure does not state whether the rate is annual. Each asset band is charged at its own rate. The fee is billed in advance.
Source: ADV PART 2A, filed 19 March 2026
Which custodians does Steelhead Wealth Management use?
Steelhead Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $342M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 19 March 2026
How many financial advisors does Steelhead Wealth Management have?
Steelhead Wealth Management has 3 investment adviser representatives registered with state securities authorities, out of 7 employees, and 3 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 3 employees are 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 Steelhead Wealth Management invest in?
At the end of its last fiscal year, Steelhead Wealth Management’s separately managed accounts held 92% registered funds (mutual funds, ETFs, BDCs), 5% exchange-traded equities, 2% cash and equivalents and 1% other. The 1% other category is described as: Fixed Income (Not Classified).
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Steelhead Wealth Management?
Steelhead Wealth Management’s direct owners are Coleman Pollard (25% to 50%) and Michael Ellis (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 19 March 2026
How does Steelhead Wealth Management get paid?
Steelhead Wealth Management is paid through a percentage of assets under management and fixed fees. 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
Is Steelhead Wealth Management registered with the SEC?
Yes, Steelhead Wealth Management has been registered with the SEC as an investment adviser since 14 November 2025. Its CRD number is 338410 and its SEC file number is 801-134675.
Source: Form ADV Part 1A, Item 1, filed 19 March 2026; IAPD firm record
How do I contact Steelhead Wealth Management?
Steelhead Wealth Management’s main office is at 4121 Cox RD, Suite 102, Glen Allen, VA 23060. Its phone number is 804-548-0781. Its website is steelheadwealth.com.