Steele Capital Management, Inc.
SEC-registered
Wealth Manager · Mid-sized ($1B–$10B)
CRD 107097
· SEC file 801-50636
· Dubuque, IA
· WWW.LINKEDIN.COM
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ADV data as of Mar 18, 2026
- Regulatory AUM
- $3.5B
- Discretionary
- $3.5B
- Clients
- 1,644
- Avg AUM / client
- $2.2M
- Accounts
- 4,418
- Employees
- 15
AUM over time
$1.2B
$3.5B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 18, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 939 | $388M | 10.9% |
| High net worth individuals | 582 | $2.3B | 64.0% |
| Pension and profit sharing plans | 103 | $853M | 24.0% |
| Charitable organizations | Fewer than 5 clients | $9.7M | 0.27% |
| Corporations and other businesses | 20 | $26.0M | 0.73% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
People (18)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Bradley Lewis | Senior Portfolio Manager | CFP | Jan 1999 (28y) | 5% – 10% |
| Michael Daniel Steele | Ceo | Jan 1999 (28y) | ≈ 56.25% – 100% via Michael D Steele Trust | |
| Nicholas Patrick Smith | Senior Portfolio Manager | CFP | May 2007 (19y) | 5% – 10% |
| Christopher Matthew Boxleiter | Director Of Company Sponsored Retirement Plans | CFP | Jul 2007 (19y) | 5% – 10% |
| Brett Allen Wessels | Chief Investment Officer | CFA | Aug 2012 (14y) | 5% – 10% |
| Kathryn Lynn Moran | Chief Compliance Officer/Chief Financial Officer | Nov 2013 (13y) | 5% – 10% | |
| Steele, Ashley, E | Beneficiary Of Trust | Feb 2024 (3y) | GP / trustee / elected manager of Ashley E Steele 2024 Trust (indirect) | |
| Steele, Brigid, A | Trustee | Feb 2024 (3y) | GP / trustee / elected manager of Daniel L Steele 2024 Trust (indirect) | |
| Steele, Daniel, Louis | Beneficiary Of Trust | Feb 2024 (3y) | GP / trustee / elected manager of Daniel L Steele 2024 Trust (indirect) | |
| Martin John Smith | Registered representative | Jul 2004 (22y) | ||
| Vernon Harold Henjes | Registered representative | Jan 2013 (14y) | ||
| Dawn Marie Otting | Registered representative | Aug 2013 (13y) | ||
| Jennifer Cecelia Kettering | Registered representative | Aug 2014 (12y) | ||
| Nicholas Brennan Hoffmann | Registered representative | Jun 2021 (5y) | ||
| Trent Steines | Registered representative | Oct 2023 (3y) | ||
| Thomas Joseph Halatek | Registered representative | Jun 2024 (2y) | ||
| Justin Schultz | Registered representative | CFP | Dec 2025 (1y) | |
| William Joseph Streff | Registered representative | CFP | Jan 2026 (1y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Michael D Steele Trust | Owner | Jan 2018 | A | 75% or more |
| Daniel L Steele 2024 Trust | Minority Owner | Feb 2024 | A | 10% – 25% |
| Ashley E Steele 2024 Trust | Minority Owner | Feb 2024 | A | 10% – 25% |
Estimated effective ownership (look-through of filed bands):
- Michael Daniel Steele: 75% – 100% of Michael D Steele Trust × 75% – 100% direct ≈ 56.25% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Retirement plans served (13)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| J.B. Sullivan, Inc. Retirement Plan | J.B. Sullivan, Inc. | 0 | $0 | 01/01/2024 |
| Discovery Living, Inc. 401(k) Plan | Discovery Living, Inc. | 197 | $3.5M | 01/01/2024 |
| Mcfarland Clinic, P.C. 401(k) Profit Sharing Plan | Mcfarland Clinic, P.C. | 1,393 | $488M | 01/01/2024 |
| Grand River Medical Group Retirement Plan | Dubuque Internal Medicine Pc Dba Grand River Medical Group | 332 | $91.3M | 01/01/2024 |
| Kinseth Hotel Corporation 401(k) Retirement Savings Plan | Kinseth Hotel Corporation | 1,775 | $11.3M | 01/01/2024 |
| Gary W. Clem, Inc. Dba Almaco Retirement Plan | Gary W. Clem, Inc. Dba Almaco | 181 | $19.6M | 01/01/2024 |
| Simmons Perrine Moyer Bergman Plc 401(k) Profit Sharing Plan & Trust | Simmons Perrine Moyer Bergman Plc | 117 | $56.8M | 01/01/2024 |
| Iowa Orthopaedic Center, P.C. 401(k) Profit Sharing Plan | Iowa Orthopaedic Center, P.C. | 364 | $68.9M | 01/01/2024 |
| Medical Associates Clinic P. C. 401(k) Profit Sharing Plan | Medical Associates Clinic, P.C. | 1,103 | $320M | 01/01/2024 |
| Gamma Technologies, Llc Retirement Plan | Gamma Technologies, Llc | 145 | $47.2M | 01/01/2024 |
| Mueller Yurgae Associates, Inc. 401(k) Profit Sharing Plan | Mueller Yurgae Associates, Inc. | 209 | $20.9M | 01/01/2024 |
| Baker Manufacturing Company, Llc 401(k) Deferred Profit Sharing Plan | Baker Manufacturing Company, Llc | 184 | $19.4M | 01/01/2024 |
| Iowa Senior 401(k) Pooled Employer Plan | Fiduciary Wise, Llc | 846 | $12.7M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/18/2026 | 950 KB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
Custody
Reported custodians
- Charles Schwab & Co. $3.5B (99% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 18, 2026.
View current Form ADV (SEC/IAPD) ↗