{"url":"https://nivawealth.com/firms/steeloaks-investment-advisers-108197","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/108197","regulatoryAum":131000000,"crd":"108197","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4783160","suffix":null,"lastName":"GUIDA","firstName":"DEWEY","middleName":"JOSEPH"},{"crd":"2277793","suffix":null,"lastName":"KENDRICK","firstName":"DONALD","middleName":"JOHN"},{"crd":"3165948","suffix":null,"lastName":"PAYNE","firstName":"MICHAEL","middleName":"ALLEN"},{"crd":"3178976","suffix":null,"lastName":"PAYNE","firstName":"SARA","middleName":"MELISSA"}],"total":4,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-07-30","regulatoryAum":202500000,"clients":230,"employees":2,"offices":1},{"filedOn":"2022-03-29","regulatoryAum":223000000,"clients":230,"employees":2,"offices":1},{"filedOn":"2023-03-30","regulatoryAum":137000000,"clients":245,"employees":2,"offices":1},{"filedOn":"2024-03-22","regulatoryAum":151000000,"clients":277,"employees":2,"offices":1},{"filedOn":"2025-03-26","regulatoryAum":166000000,"clients":269,"employees":2,"offices":1},{"filedOn":"2026-03-27","regulatoryAum":131000000,"clients":285,"employees":2,"offices":1}],"secFileNumber":"801-55467","legalName":"Steeloaks Investment Advisers, Inc.","displayName":"SteelOaks Investment Advisers","slug":"steeloaks-investment-advisers-108197","website":"https://steeloaks.com/","classification":{"segment":"institutions","segmentLabel":"Institutional","type":"institutional_wealth_manager","typeLabel":"OCIO / institutional wealth","feeDisclosure":"payment_only"},"founded":null,"organization":"West Virginia corporation","fiscalYearEnd":"December","headquarters":{"street":"135 Palm Drive","city":"Weirton","state":"WV","stateName":"West Virginia","country":"United States","postalCode":"26062"},"tradeNames":[],"registration":{"secApproved":"23 April 1998","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":219330.85501858735,"staff":{"employees":2,"advisory":2,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":131000000,"discretionary":117000000,"discretionaryAccounts":285,"nonDiscretionary":14000000,"nonDiscretionaryAccounts":3,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":259,"regulatoryAum":43000000},{"label":"High-net-worth individuals","clients":10,"regulatoryAum":16000000},{"label":"Pension and profit-sharing plans","clients":null,"fewerThan5":true,"regulatoryAum":14000000},{"label":"State or municipal government entities","clients":6,"regulatoryAum":41000000},{"label":"Corporations and other businesses","clients":10,"regulatoryAum":17000000}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[],"custodyNote":"SteelOaks Investment Advisers does not have custody of client assets.","leadership":[{"name":"Michael Payne","title":"Chairman/CEO/Chief Compliance Officer","crd":"3165948"},{"name":"Sara Payne","title":"COO","crd":"2258856"}],"ownership":[{"label":"Sara Payne","detail":"Coo in the 50% to 75% ownership band and a control person, since July 2021."},{"label":"Michael Payne","detail":"Chairman/ceo/chief compliance officer in the 50% to 75% ownership band and a control person, since July 2021."}],"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"West Virginia","offices":1,"addresses":[{"street":"135 Palm Drive","city":"Weirton","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"304-723-6700","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Other"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":70},{"label":"U.S. government/agency bonds","percent":10},{"label":"Investment grade corporate bonds","percent":15},{"label":"Cash and cash equivalents","percent":5}],"privateFunds":0},"sources":{"adv1FilingDate":"27 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/108197/PDF/108197.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does SteelOaks Investment Advisers have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does SteelOaks Investment Advisers offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does SteelOaks Investment Advisers have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does SteelOaks Investment Advisers invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns SteelOaks Investment Advisers?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does SteelOaks Investment Advisers get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is SteelOaks Investment Advisers registered with the SEC?","answer":"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","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact SteelOaks Investment Advisers?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 27 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}