SteelOaks Investment Advisers provides portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting.
SteelOaks Investment Advisers reports 285 clients. They include 259 individual clients, 10 high-net-worth individuals, and 10 corporations and other businesses. Of its assets, 89.3% ($117M across 285 accounts) are managed with discretion; $14M across 3 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 91% | 33% |
| High-net-worth individuals | 4% | 12% |
| Pension and profit-sharing plans | Fewer than 5 | 11% |
| State or municipal government entities | 2% | 31% |
| Corporations and other businesses | 4% | 13% |
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) | 259 | $43M | 32.8% | $166K |
| High-net-worth individuals | 10 | $16M | 12.2% | $1.6M |
| Pension and profit-sharing plans | Fewer than 5 | $14M | 10.7% | — |
| State or municipal government entities | 6 | $41M | 31.3% | $6.83M |
| Corporations and other businesses | 10 | $17M | 13.0% | $1.7M |
| Total | 285 | $131M | 100% | — |
- Clients
- 259
- Regulatory AUM
- $43M
- AUM share
- 32.8%
- Avg. per client
- $166K
- Clients
- 10
- Regulatory AUM
- $16M
- AUM share
- 12.2%
- Avg. per client
- $1.6M
- Clients
- Fewer than 5
- Regulatory AUM
- $14M
- AUM share
- 10.7%
- Avg. per client
- —
- Clients
- 6
- Regulatory AUM
- $41M
- AUM share
- 31.3%
- Avg. per client
- $6.83M
- Clients
- 10
- Regulatory AUM
- $17M
- AUM share
- 13.0%
- Avg. per client
- $1.7M
Total
- Clients
- 285
- Regulatory AUM
- $131M
- 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
- 0
SteelOaks Investment Advisers is paid through a percentage of assets under management and fixed fees (other than subscription fees); its fees and minimums are set out in its brochures on the SEC website.
Sara Payne owns 50% to 75% of SteelOaks Investment Advisers. The leadership team of SteelOaks Investment Advisers includes Chief Compliance Officer Michael Payne. It has 2 employees.
Leadership
- Michael PayneChairman/CEO/Chief Compliance Officer
- Sara PayneCOO
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
- Dewey Joseph Guida
- Donald John Kendrick
- Michael Allen Payne
- Sara Melissa Payne
Staff
- 2 employees
- 2 in advisory functions
- 2 state-registered reps
- Owns 50% to 75% of Steeloaks Investment Advisers, Inc.
Sara Payne
Control person · since July 2021
- Owns 50% to 75% of Steeloaks Investment Advisers, Inc.
Michael Payne
Control person · since July 2021
SteelOaks Investment Advisers’ regulatory assets fell from $203M (July 2021) to $131M (March 2026); clients rose from 230 to 285 and employees were 2 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $131M | 285 | 2 | 1 |
| March 2025 | $166M | 269 | 2 | 1 |
| March 2024 | $151M | 277 | 2 | 1 |
| March 2023 | $137M | 245 | 2 | 1 |
| March 2022 | $223M | 230 | 2 | 1 |
| July 2021 | $203M | 230 | 2 | 1 |
Besides its headquarters, SteelOaks Investment Advisers has 0 offices, with 1 listed address in West Virginia.
West Virginia · 1 listed address
- 135 Palm Drive, WeirtonHQ
Contact and registration details
- Legal name
- Steeloaks Investment Advisers, Inc.
- Headquarters
- 135 Palm Drive, Weirton, WV 26062
- Website
- steeloaks.com
- Phone
- 304-723-6700
- SEC file
- 801-55467
- Structure
- West Virginia corporation
- Fiscal year end
- December
SteelOaks Investment Advisers does not have custody of client assets.
At year end, SteelOaks Investment Advisers’ separately managed accounts were mostly in stocks (70%) and bonds (25%).
What the accounts hold
- Stocks70%
- Bonds25%
- Investment grade corporate bonds15%
- U.S. government and agency bonds10%
- Cash5%
How many clients does SteelOaks Investment Advisers have?
SteelOaks Investment Advisers has 285 clients and manages $131 million for them, as of March 2026. They include 259 individual clients, 10 high-net-worth individuals, and 10 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 March 2026
What services does SteelOaks Investment Advisers offer?
SteelOaks Investment Advisers provides portfolio management for individuals and small businesses, 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 many financial advisors does SteelOaks Investment Advisers have?
SteelOaks Investment Advisers has 2 investment adviser representatives registered with state securities authorities, out of 2 employees, and 2 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 SteelOaks Investment Advisers invest in?
At the end of its last fiscal year, SteelOaks Investment Advisers’ separately managed accounts held 70% exchange-traded equities, 15% investment grade corporate bonds, 10% U.S. government and agency bonds and 5% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns SteelOaks Investment Advisers?
SteelOaks Investment Advisers’ direct owners are Sara Payne (50% to 75%) and Michael Payne (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 27 March 2026
How does SteelOaks Investment Advisers get paid?
SteelOaks Investment Advisers 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 SteelOaks Investment Advisers registered with the SEC?
Yes, SteelOaks Investment Advisers has been registered with the SEC as an investment adviser since 23 April 1998. Its CRD number is 108197 and its SEC file number is 801-55467.
Source: Form ADV Part 1A, Item 1, filed 27 March 2026; IAPD firm record
How do I contact SteelOaks Investment Advisers?
SteelOaks Investment Advisers’ main office is at 135 Palm Drive, Weirton, WV 26062. Its phone number is 304-723-6700. Its website is steeloaks.com.