Steele Capital Management, Inc. (Dubuque)

Name: Steele Capital Management, Inc.
Address: 788 Main St, Dubuque, IA, 52001
Telephone: 563-588-2097

Steele Capital Management, Inc. is a large advisory firm based in Dubuque. It manages $1.81 billion of regulatory assets for 3,543 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 17 other states.

Steele Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Steele Capital Management: assets under management

The assets under management (AUM) of Steele Capital Management, Inc. is $1.81 billion. The firm's AUM has grown by 917% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.79 billion in discretionary accounts and $26.92 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $511.89 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $517.67 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 66% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 17% of the firm’s portfolio. Investments in exchange traded securities form 10% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Steele Capital Management, Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Kevin Joseph Timmerman serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Kevin Joseph Timmerman is high net worth individuals with 271 clients and $805.81 million of assets under management. Among the 11 most similar advisory firms, Steele Capital Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.81 billion for 1,460 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Steele Capital Management doesn't advise any private funds.

Careers at Steele Capital Management, Inc.

The company employs 11 people that are either part- or full-time employees. 82 percent of the employees work as investment advisers or researchers. 9 employees are registered as investment adviser representatives with the state securities authorities.

There are 16 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Steele Capital Management, Inc. is owned by Susan S. Steele. Kevin Joseph Timmerman has been acting as President since 1 Aug 1996. Brett Allen Wessels has served as the Chief Investment Officer since 1 Jan 2018. Bradley Lewis joined the executive team most recently as the Senior Portfolio Manager.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kevin Joseph Timmerman	President	1 Aug 1996	50% - 75%	2519009
Michael Daniel Steele	Ceo	1 Jan 2000	50% - 75%	1017847
Susan S. Steele	Owner	1 Jul 2002	50% - 75%	4564165
Kathryn Lynn Moran	Chief compliance officer	1 Jul 2004	Other	5029925
Kathryn Lynn Reeg	Chief compliance officer	1 Jul 2004	Other	5029925
Michael Daniel Steele	Ceo	1 Dec 2010	50% - 75%	1017847
Kathryn Lynn Moran	Director	1 Apr 2016	Other	5029925
David Joseph Kapler	Chief compliance officer	1 Oct 2016	Other	6716694
Kathryn Lynn Moran	Chief compliance officer/chief financial officer	1 Nov 2016	Other	5029925
Bradley Lewis	Senior portfolio manager	1 Jan 2018	Other	3007279
Nicholas Patrick Smith	Senior portfolio manager	1 Jan 2018	Other	5340984
Brett Allen Wessels	Chief investment officer	1 Jan 2018	Other	6114351
Christopher Matthew Boxleiter	Director of company sponsored retirement plans	1 Jan 2018	Other	5352437

Based in Dubuque

The principal office where Steele Capital Management, Inc. performs its advisory services is located at 788 Main St, Dubuque, IA 52001, which is also the mailing address of the firm. An additional office of the firm is in West Des Moines, IA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 563-588-2097 or by fax 563-588-0970. The normal business hours are 8am-4:30pm on Monday - Friday. You can find more information about the New York firm at steelecapital.com.