Stewart Capital Advisors, LLC (Indiana)


Stewart Capital Advisors, LLC is a large advisory firm based in Indiana. It manages $1.02 billion of regulatory assets for 1,009 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Delaware and Pennsylvania.

Stewart Capital Advisors provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Stewart Capital Advisors: assets under management

The assets under management (AUM) of Stewart Capital Advisors, LLC is $1.02 billion. The firm's AUM has grown by 3078% since the beginning of its operation, and $2.41 million of the total AUM is attributable to clients outside of the United States.

The firm manages $918.9 million in discretionary accounts and $98 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $912.51 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $49 million.

Investments

The firm invests in exchange traded securities the most. They account for 45% of the total AUM. The second-largest asset type is investment and business development companies, which make up 22% of the firm’s portfolio. Investments in state and local bonds form 15% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Stewart Capital Advisors, LLC 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 Stewart Capital Advisors serves?

The firm provides services to charitable organizations and high net worth individuals. The largest group of clients of Stewart Capital Advisors is high net worth individuals with 11 clients and $31.51 million of assets under management. Among the 8 most similar advisory firms, Stewart Capital Advisors has the 2nd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $53.87 million for 18 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 3% of the firm’s clients are foreign persons or businesses.

Stewart Capital Advisors doesn't advise any private funds.

Careers at Stewart Capital Advisors, LLC

The company employs 12 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
S&T Bank Member 1 Dec 2004 75% - 100% 25-0776600
Malcolm Emerson Polley President & chief investment officer 1 Dec 2004 Other 1875697
Lisa Wymer Chief compliance officer 1 Dec 2004 Other 4944076
Timothy P Mckee Chief compliance officer 1 Dec 2006 Other 5281206
Michelle Lee Sears Chief compliance officer 1 May 2014 Other 5485135
Mary Jean Giconi Chief compliance officer 1 Aug 2015 Other 4245897
Matthew Stephen Hardin Chief compliance officer 1 Sep 2016 Other 2366634

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Inc. S&T Bancorp Shareholder 1 Dec 2004 75% - 100% 25-1434426

Based in Indiana

The principal office where Stewart Capital Advisors, LLC performs its advisory services is located at 800 Philadelphia Street, Indiana, PA 15701, which is also the mailing address of the firm. An additional office of the firm is in Pittsburgh, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 724-465-3458 or by fax 724-465-3452. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at stewartcap.com.