Steelbridge Private Wealth Advisors LLC (Naples)

Name: Steelbridge Private Wealth Advisors LLC
Address: 5150 Tamiami Trail North, Naples, FL, 34103
Telephone: 239-322-3202

Steelbridge Private Wealth Advisors LLC is a large advisory firm based in Naples. It manages $110.5 million of regulatory assets for 46 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Florida and Texas.

Steelbridge Private Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Steelbridge Private Wealth Advisors: assets under management

The assets under management (AUM) of Steelbridge Private Wealth Advisors LLC is $110.5 million. The firm's AUM has gone down by -8% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $80.68 million in discretionary accounts and $29.83 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.02 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.97 million.

Investments

The firm invests in investment and business development companies the most. They account for 70% of the total AUM. The second-largest asset type is state and local bonds, which make up 18% of the firm’s portfolio. Investments in exchange traded securities form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Steelbridge Private Wealth Advisors LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Steelbridge Private Wealth Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Steelbridge Private Wealth Advisors is high net worth individuals with 11 clients and $110.08 million of assets under management. Among the 9 most similar advisory firms, Steelbridge Private Wealth Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $110.5 million for 12 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.

Steelbridge Private Wealth Advisors doesn't advise any private funds.

Careers at Steelbridge Private Wealth Advisors LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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 doesn’t compensate 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
John Salvatore Tassone	Managing member, chief compliance officer	1 Apr 2014	50% - 75%	2936169
Tate Smathers Haire	Managing member	1 Nov 2015	50% - 75%	4812168

Based in Naples

The principal office where Steelbridge Private Wealth Advisors LLC performs its advisory services is located at 5150 Tamiami Trail North, Naples, FL 34103 The mailing address of the firm is 110 Front Street, Jupiter, FL 33477. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 239-322-3202 or by fax 239-316-4058. The normal business hours are 8:30 a.m to 5 p.m on Monday - Friday. You can find more information about the New York firm at sbpwa.com.