Stone Steps Financial provides financial planning, portfolio management for individuals and small businesses, and pension consulting. Financial planning was provided to 51–100 clients last fiscal year.
Stone Steps Financial reports 138 clients. They include 86 individual clients and 52 high-net-worth individuals. Of its assets, 100.0% ($147M across 613 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 62% | 34% |
| High-net-worth individuals | 38% | 66% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 86 | $49.4M | 33.7% | $574K |
| High-net-worth individuals | 52 | $97.2M | 66.3% | $1.87M |
| Total | 138 | $147M | 100% | $1.06M |
- Clients
- 86
- Regulatory AUM
- $49.4M
- AUM share
- 33.7%
- Avg. per client
- $574K
- Clients
- 52
- Regulatory AUM
- $97.2M
- AUM share
- 66.3%
- Avg. per client
- $1.87M
Total
- Clients
- 138
- Regulatory AUM
- $147M
- AUM share
- 100%
- Avg. per client
- $1.06M
- 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
- 51–100
Stone Steps Financial is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial planning, hourly
- Financial planning is also offered at an hourly rate of $500.00, which may be negotiable in certain cases.
- Retirement plan consulting
- Plan consulting is a blended fee on plan assets: 0.75% on the first $1,000,000 down to 0.20% above $20,000,000, negotiable, paid quarterly in arrears.
Scott Frank owns 75% or more of Stone Steps Financial. The leadership team of Stone Steps Financial includes Chief Compliance Officer Kingston Hollman. It has 6 employees, 4 of them in advisory roles.
Leadership
Kingston HollmanChief Compliance Officer- Scott FrankManaging Member
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
Staff
- 6 employees
- 4 in advisory functions
- 4 state-registered reps
- Owns 75% or more of Stone Steps Financial, LLC
Scott Frank
Control person · since March 2015
Stone Steps Financial’s regulatory assets grew from $105M (March 2025) to $147M (March 2026); clients rose from 91 to 138 and employees from 4 to 6.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $147M | 138 | 6 | 7 |
| March 2025 | $105M | 91 | 4 | 1 |
Besides its headquarters, Stone Steps Financial has 6 offices (2 private residences, listed without an address), with 5 listed addresses in California, Minnesota and Montana.
California · 3 listed addresses
- 533 Second Street, Suite 207, EncinitasHQ
- 1493 E Gem Circle, Palm Springs
- 3925 Plateau Place, Carlsbad
Minnesota · 1 listed address
- 500 North Lincoln Street, Redwood Falls
Montana · 1 listed address
- 97 Ridgeline Lane, Bozeman
Other business names
Stone Steps Financial has reported 1 other business name to the SEC.
- New Leaf Financial Guidance
Contact and registration details
- Legal name
- Stone Steps Financial, LLC
- Headquarters
- 533 Second Street, Suite 207, Encinitas, CA 92024
- Website
- stonestepsfinancial.com
- Phone
- 760-456-7147
- @6423161
- SEC file
- 801-131412
- Structure
- California LLC
- Fiscal year end
- December
Stone Steps Financial uses Charles Schwab ($147M) as custodian for its separately managed accounts. Stone Steps Financial has custody of $6.12M in client assets for 13 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Omaha, NE · $147M100%
At year end, Stone Steps Financial’s separately managed accounts were mostly in funds (72%) and stocks (27%).
What the accounts hold
- Stocks27%
- Funds72%
- Cash1%
How many clients does Stone Steps Financial have?
Stone Steps Financial has 138 clients and manages $147 million for them, as of March 2026. They include 86 individual clients and 52 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 March 2026
What services does Stone Steps Financial offer?
Stone Steps Financial provides financial planning, portfolio management for individuals and small businesses, and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Stone Steps Financial use?
Stone Steps Financial’s separately managed account assets are held at Charles Schwab & Co., Inc. (Omaha, NE), with $147M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 March 2026
How many financial advisors does Stone Steps Financial have?
Stone Steps Financial has 4 investment adviser representatives registered with state securities authorities, out of 6 employees, and 4 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 Stone Steps Financial invest in?
At the end of its last fiscal year, Stone Steps Financial’s separately managed accounts held 72% registered funds (mutual funds, ETFs, BDCs), 27% exchange-traded equities and 1% 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 Stone Steps Financial?
Stone Steps Financial’s direct owner is Scott Frank (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 24 March 2026
How does Stone Steps Financial get paid?
Stone Steps Financial is paid through a percentage of assets under management, hourly charges 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
How do I contact Stone Steps Financial?
Stone Steps Financial’s main office is at 533 Second Street, Suite 207, Encinitas, CA 92024. Its phone number is 760-456-7147. Its website is stonestepsfinancial.com.