DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.

SEC-registered adviser

S••••• C•••••• M••••••••• I•••

Independent wealth managerDubuque, IowaCRD 107097SEC 801-50636website IAPD

Latest filing Aug 26, 2026

First filing on the tape Dec 12, 2011 · 40 filings

SEC status approved since Nov 17, 1995

RAUM

$3.5B

reported, Item 5.F

Discretionary

99%

of RAUM

Private clients

75%

$2.7B individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

$236M

derived; firm RAUM over IAPD count

Employees

13 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

40 filings and snapshots on the tape

RAUM$3.5B as of Aug 26, 2026

Mar 7, 2012$1.2B then

HNW client RAUM$2.3B as of Aug 26, 2026

Mar 14, 2018$824M then

State-registered IARs (5.B.3)13 as of Aug 26, 2026

Mar 21, 20136 then

Employees (5.A)15 as of Aug 26, 2026

Mar 21, 201311 then

Private funds: no history

RAUM +17% over the last fiscal year+15% a year over threeIARs 11 to 13

Practice profile

derived from the filing of Aug 26, 2026; every figure names its basis

Archetypes, each a printed rule

HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients

RAUM per advisor: $236MderivedRAUM over IAPD advisors; not a book size
Clients per advisor: 101derivedindividual and HNW clients (5.D) over advisors
Average HNW client: $3.9MderivedHNW RAUM over HNW clients
Average account: $802,929derivedRAUM over accounts (5.F.2.f)
Discretionary: 99%derivedof RAUM
Institutional: 24%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 1.0derivedItem 5.A over advisors
Advisors per office: 5.0derived3 offices incl. principal (1.F.5)
RAUM growth, one year: +17%derivedbetween the last two annual amendments
Advisor growth, one year: +18%derivedItem 5.B.3 between annual amendments
Client growth, one year: +2.7%derived
Compensation: percentage of assetsreportedItem 5.E
Advisory activities: financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, pension consultingreportedItem 5.G
Ownership: no PE, bank or public-company owner found on Schedule Aderived
Advisor book size: not public; not estimatedreported

Also answered yes on Form ADV

buys or sells securities as principal to or from clients (8.A.2)
has discretionary authority over which securities are bought or sold (8.C.1)
receives research or other products from a broker-dealer, soft dollars (8.E)
compensates non-employees for client referrals (8.G.2)
marketing includes testimonials (5.L.1.c)

Where the RAUM sits

Form ADV Item 5.D, latest filing

High-net-worth individuals$2.3B64%
Pension and profit-sharing plans$853M24%
Individuals$388M11%
Corporations and businesses$26.0M0.7%
Charitable organizations$9.7M0.3%

Individual clients: 939reported
HNW clients: 582reported
Pension plan clients: 103reported
Charitable clients: n/areported
Accounts: 4,418reported
Financial planning clients: 251-500reported
Wrap fee programs: noreported
Custody of client assets: noreported
Compensation: % of AUMreported
Class basis: private_client_share=0.75 fund_share=0.0 institutional_share=0.24 related_bd=false related_bank=false bd_reps=0.0derived

Advisors registered through the firm

15 on IAPD today, longest tenure first

Name	Branch	Here since	In industry	Prior firms
B•••••• L••••Certified Financial Planner	Dubuque, Ia	Jan 27, 1999	28 y	1
M•••••• D••••• S•••••	Dubuque, Ia	Jan 27, 1999	36 y	1
M••••• J••• S••••	West Des Moines, Ia	Jul 14, 2004	27 y	2
N••••••• P•••••• S••••Certified Financial Planner	Dubuque, Ia	May 16, 2007	19 y	0
C••••••••• M•••••• B••••••••Certified Financial Planner	Dubuque, Ia	Jul 12, 2007	19 y	0
B•••• A•••• W••••••Chartered Financial Analyst	Dubuque, Ia	Aug 30, 2012	14 y	0
V••••• H••••• H•••••	Dakota Dunes, Sd	Jan 11, 2013	13 y	0
D••• M•••• O•••••	Dubuque, Ia	Aug 7, 2013	13 y	0
K•••••• L••• M••••	Dubuque, Ia	Nov 11, 2013	23 y	0
J••••••• C•••••• K••••••••	Dubuque, Ia	Aug 27, 2014	34 y	0
N••••••• B•••••• H•••••••	Dubuque, Ia	Jun 21, 2021	13 y	0
T•••• S••••••	Dubuque, Ia	Oct 13, 2023	15 y	0
T••••• J••••• H••••••	Dubuque, Ia	2•••-06-27	11 y	0
J••••• S••••••Certified Financial Planner	Dubuque, Ia	Dec 10, 2025	10 y	1
W•••••• J••••• S•••••Certified Financial Planner	Waukee, Ia	Jan 26, 2026	18 y	4

Advisor movement

0 left, 2 joined in 12 months

net +2 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months

Left, latest

K•••• M•••••• D•••••• to N•••••• F•••••••• G••••• I•••
Mar 25, 2022 · RIA to RIA
K•••• J••••• T•••••••• to C••••••• P•••••••
Sep 29, 2017 · Other
A••• D•••• S••••••••• to M••••• P••••••• A•• A•••••••
Aug 15, 2017 · Other
T••••• A••••• H••••• to B•••••••• L••
Aug 9, 2017 · Other
G•• R• W••••• to F••••••• I••••••••• M••••••••• C•
Jan 5, 2017 · Other
T•••••• J••• V•• P••• to M•••••• I••••••••• A•••••••• L••
Jan 4, 2016 · Other
C•••••••• S•••••• W••••• to A••••• A•• P••••••• S•••••••
Jun 6, 2014 · Other
M••• L•••• P•••• to T•••••••• C•••••• M••••••••• I••
Feb 10, 2012 · Other
P•••••• T••••• B•••••• to W••••• C••••••• I•••
Oct 25, 2010 · Other
K•••• R•••••• W••••• to O• I••••••••• M••••••••• C•
Oct 25, 2010 · Other
S••••• L• P••• to W••••••••• R••••••••• A•••••••
Jul 21, 2010 · Other
G•••••• D•••• T•••••••• to U•••• F•••••••• S••••••• G••••• I•••
Feb 24, 2009 · Other
P••• A••• H•••••• to H•••••• F••••••••• L••
Aug 1, 2005 · Other
W•••••• P•••••• Z••••••• to E••••• D••••• A•••••••• L••
Dec 9, 2004 · Other
K•••• J••• S••• to E••••• D••••• A•••••••• L••
Dec 9, 2004 · Other

Joined, latest

W•••••• J••••• S••••• from S••••• W••••• M•••••••••
Jan 26, 2026 · Other
J••••• S•••••• from A••••••••• F•••••••• S•••••••• L••
Dec 10, 2025 · Affiliated broker-dealer or bank to independent RIA
K•••• M•••••• D•••••• from G••••• P•••••••• S••••••••• I•••
Mar 20, 2017 · Other
T••••• A••••• H••••• from C•••••• F•••••••• S••••••••• I••
Aug 25, 2016 · Other
G•• R• W••••• from T• A••••••••• I••••••••• M••••••••• L••
Jan 21, 2016 · Other
K•••• R•••••• W••••• from W••••• C••••••• I•••
Mar 3, 2004 · Other
L•• A••• D•••••••• from N•• A•••••• S•••••••• L••
May 14, 2003 · Other
P•••• J•••• A•••••• from N•• A•••••• S•••••••• L••
May 9, 2003 · Other

Every departure Every arrival

Private funds

No private fund reported.

Owners and control persons

Schedule A and B, latest filing

S•••••• M••••••• D••••• · Ceo/Presidentcontrol
since 12/2010 · owns less than 5%
S•••••• M••••••• D••••• · Trusteecontrol
since 03/2001 · owns 75% or more of M•••••• D• S••••• T••••
B••••••••• C••••••••• M•••••• · Director Of Company Sponsored Retirement Plans
since 01/2018 · owns 5% to 10%
L••••• B•••••• · Senior P•••••••• Manager
since 01/2018 · owns 5% to 10%
M••••• K••••••• L••• · Chief Compliance Officer/Chief Financial Officer
since 11/2016 · owns 5% to 10%
S••••• N•••••••• P•••••• · Senior P•••••••• Manager
since 01/2018 · owns 5% to 10%
W••••••• B••••• A•••• · Chief Investment Officer Sponsored Retirement Plans
since 01/2018 · owns 5% to 10%
S•••••• A•••••• E• · Beneficiary Of Trust
since 02/2••• · owns F of A••••• E• S••••• 2••• T••••
S•••••• B•••••• A• · Trustee
since 02/2••• · owns F of D••••• L• S••••• 2••• T••••
S•••••• B•••••• A• · Trustee
since 02/2••• · owns F of A••••• E• S••••• 2••• T••••
S•••••• D•••••• L•••• · Beneficiary Of Trust
since 02/2••• · owns F of D••••• L• S••••• 2••• T••••

Entity owners

A••••• E• S••••• 2••• T•••• · Minority Owner
direct · owns 10% to 25%
D••••• L• S••••• 2••• T•••• · Minority Owner
direct · owns 10% to 25%
M•••••• D• S••••• T•••• · Owner
direct · owns 75% or more

Related persons

Schedule D 7.A

No related person reported.

Office movement

IAPD branch city; joins and departures in 12 months

Office	Advisors	Joined	Left	Teams out	Forming
Dubuque, Ia · principal	15	2	0

Offices

Schedule D 1.F, the 25 largest

West Des Moines, IA1 employees
Omaha, NE

What changed

consecutive filings, newest first

Accounts · 4,184 to 4,418
Oct 24, 2025 to Mar 18, 2026
Advisory employees · 11 to 13
Oct 24, 2025 to Mar 18, 2026
Corporate clients · 16 to 20
Oct 24, 2025 to Mar 18, 2026
HNW clients · 517 to 582
Oct 24, 2025 to Mar 18, 2026
Individual clients · 964 to 939
Oct 24, 2025 to Mar 18, 2026
Pension plan clients · 104 to 103
Oct 24, 2025 to Mar 18, 2026
Employees · 14 to 15
Oct 24, 2025 to Mar 18, 2026
State-registered IARs · 11 to 13
Oct 24, 2025 to Mar 18, 2026
Discretionary RAUM · $3.0B to $3.5B
Oct 24, 2025 to Mar 18, 2026
HNW RAUM · $1.9B to $2.3B
Oct 24, 2025 to Mar 18, 2026
Individual RAUM · $393M to $388M
Oct 24, 2025 to Mar 18, 2026
Non-discretionary RAUM · $36.4M to $40.5M
Oct 24, 2025 to Mar 18, 2026
Pension RAUM · $724M to $853M
Oct 24, 2025 to Mar 18, 2026
RAUM · $3.0B to $3.5B
Oct 24, 2025 to Mar 18, 2026
Accounts · 4,060 to 4,184
2•••-08-05 to Mar 7, 2025
Corporate clients · 20 to 16
2•••-08-05 to Mar 7, 2025
HNW clients · 464 to 517
2•••-08-05 to Mar 7, 2025
Individual clients · 992 to 964
2•••-08-05 to Mar 7, 2025
Pension plan clients · 103 to 104
2•••-08-05 to Mar 7, 2025
Financial planning clients · 251-500 to 251-500
2•••-08-05 to Mar 7, 2025
Discretionary RAUM · $2.7B to $3.0B
2•••-08-05 to Mar 7, 2025
HNW RAUM · $1.6B to $1.9B
2•••-08-05 to Mar 7, 2025
Individual RAUM · $396M to $393M
2•••-08-05 to Mar 7, 2025
Non-discretionary RAUM · $27.0M to $36.4M
2•••-08-05 to Mar 7, 2025
Pension RAUM · $640M to $724M
2•••-08-05 to Mar 7, 2025
RAUM · $2.7B to $3.0B
2•••-08-05 to Mar 7, 2025
Accounts · 3,911 to 4,060
Nov 15, 2023 to 2•••-03-06
Corporate clients · 21 to 20
Nov 15, 2023 to 2•••-03-06
HNW clients · 402 to 464
Nov 15, 2023 to 2•••-03-06
Individual clients · 1,042 to 992
Nov 15, 2023 to 2•••-03-06
Pension plan clients · 104 to 103
Nov 15, 2023 to 2•••-03-06
Discretionary RAUM · $2.3B to $2.7B
Nov 15, 2023 to 2•••-03-06
HNW RAUM · $1.3B to $1.6B
Nov 15, 2023 to 2•••-03-06
Individual RAUM · $402M to $396M
Nov 15, 2023 to 2•••-03-06
Non-discretionary RAUM · $22.3M to $27.0M
Nov 15, 2023 to 2•••-03-06
Pension RAUM · $547M to $640M
Nov 15, 2023 to 2•••-03-06
RAUM · $2.3B to $2.7B
Nov 15, 2023 to 2•••-03-06
Accounts · 3,800 to 3,911
May 25, 2022 to Mar 24, 2023
Advisory employees · 10 to 11
May 25, 2022 to Mar 24, 2023
HNW clients · 463 to 402
May 25, 2022 to Mar 24, 2023

Signals

1 dated events

K•••• M•••••• D•••••• left S••••• C•••••• M••••••••• I••• for N•••••• F•••••••• G••••• I••• (registered 2022-03-29)
Mar 25, 2022 · a•••••• firm change · fact

Across DFX

shared identifiers only, never a name match

No identifier-backed link to the venture, private equity, family office or sponsor graphs.

How to reach

public business contact points only, each with its source

Business email: info@steelecapital.comreportedpublished by the firm, firm site, Sep 17, 2026
Business phone: 800-397-2097reportedpublished by the firm, firm site, Sep 17, 2026
Website: S•••••CAPITAL.COMreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone: 563-588-2097reportedpublic record, Form ADV, Aug 26, 2026
Contact form: steelecapital.com/contactreportedpublished by the firm, firm site, Sep 17, 2026

Provenance

Form ADV: SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors: IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class: Independent wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor: $236Mderivedfirm RAUM over the IAPD count; not a book size
Loaded: Sep 14, 2026