Steward Financial Group, LLC (Colleyville)

Name: Steward Financial Group, LLC
Address: 26 Main Streeet, Colleyville, TX, 76034
Telephone: 817-428-1145

Steward Financial Group, LLC is a large advisory firm based in Colleyville. It manages $311.54 million of regulatory assets for 702 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdiction of Texas.

Steward Financial Group provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Steward Financial Group: assets under management

The assets under management (AUM) of Steward Financial Group, LLC is $311.54 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 95% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $311.54 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $443.8 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 90% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 7% of the firm’s portfolio. Investments in exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Steward Financial Group, 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 Steward Financial Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Steward Financial Group is high net worth individuals with 98 clients and $239.82 million of assets under management. Among the 10 most similar advisory firms, Steward Financial Group has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $311.54 million for 262 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.

Steward Financial Group doesn't advise any private funds.

Careers at Steward Financial Group, LLC

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 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
Vincent Edward Hawkins	Member/chief compliance officer	1 Mar 2007	Other	5098143
Dustin Cane Stiefel	Member	1 Mar 2007	Other	2932117
Inc. Hawkins Financial Group	Owner	1 Apr 2007	50% - 75%	20-8778585
D. Stiefel Inc.	Owner	1 Apr 2007	50% - 75%	75-2703148
Hawkins Financial Group Inc.	Owner	1 Apr 2007	50% - 75%	20-8778585

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Wendy Jo Stiefel	Owner	1 Mar 2007	25% - 50%	5976386
Kimberly Hawkins	Owner	1 Mar 2007	25% - 50%	5976387

Based in Colleyville

The principal office where Steward Financial Group, LLC performs its advisory services is located at 26 Main Streeet, Colleyville, TX 76034, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 817-428-1145 or by fax 817-224-2204. The normal business hours are appointment only on Monday - Friday. You can find more information about the New York firm at stewardfinancialgroup.com.