Sellers that showed interest
Company Details
SteelPeak Wealth ("SteelPeak"), a firm that has been in existence for 12 years, aims to grow by bringing like-minded advisors into its culture. Initially comprised of only three individuals, it has now grown to over 50 employees. Over time, SteelPeak has undergone departmentalization and institutionalization, establishing a structured framework. Unlike being an aggregator, SteelPeak emphasizes teamwork and encourages every team member to actively contribute to the firm's culture, fostering a sense of belonging and a familial atmosphere.
SteelPeak positions itself as a holistic wealth management firm offering a variety of advisory services, including financial planning, consulting, and investment management services. The firm emphasizes its unique value proposition through its SteelPeak Elite Strategies, SteelPeak Exclusive Strategies, and SteelPeak Alternative Strategies. These strategies are designed to assist clients with their financial goals and objectives, focusing on tactical portfolio rebalancing and maximizing cash-flow through a combination of traditional and alternative investments.
SteelPeak Wealth Management focuses on holistic wealth management services, including financial planning, estate planning, and asset allocation. The firm emphasizes a unique differentiator in its investment approach by incorporating option strategies, such as covered call options and cash-secured puts, to generate income and manage concentrated positions. SteelPeak's investment philosophy is designed to provide consistent and institutionalized services across all advisors. SteelPeak implements its investment philosophy through a combination of in-house management and external managers, offering customized and bespoke portfolios for clients.
Locations
Company Videos
Acquisition Model
Full Acquisition
No
Yes
For further information, please contact Alaris.
For further information, please contact Alaris.
Mandatory Points of Alignment
SteelPeak encourages all partners to embrace the SteelPeak brand as a reflection of its shared values and vision.
SteelPeak Wealth seeks to centralize back-office functions, including accounting, payroll, HR, and billing. By streamlining these operational processes, the firm aims to free advisors from administrative burdens, allowing them to focus on client-facing activities and providing personalized wealth management services.
The P&L will be centralized in an effort to offload financial decisions for partners.
SteelPeak has a well-established client experience that they ask all advisors to incorporate. This experience is a 6-step disciplined process that has been refined for over 20 years.
While SteelPeak Wealth offers assistance to partners seeking support in defining roles and responsibilities at the local office and implementing best practices, the firm values and encourages maximum autonomy and flexibility at the local level. Each partner can shape their practice management processes and procedures while benefiting from the firm's guidance based on successful models from offices across the country.
SteelPeak's only requirement is to centralize trading, giving advisors the flexibility to manage their investment approaches and tailor them to their clients' needs.
Advisor Value Proposition
SteelPeak is dedicated to fostering and empowering young talent, providing them with opportunities to thrive and grow. One notable avenue for their development is through the Schwab Advisor Network, which helps young advisers build their book of business.
SteelPeak has investment associates & CSA’s to perform tasks on behalf of the advisors.
SteelPeak supports the onboarding process for new advisors by providing access to a comprehensive tech stack and a range of support services. This includes assistance from client service associates, investment associates, and administrative staff, as well as resources for portfolio management, marketing, advisor development, and business development.
In addition to financial planning and portfolio management, SteelPeak has several CPAs on staff to help with tax planning and tax preparation. They have a full-time attorney on staff to assist with trust and wills. Lastly, an in-house insurance agency to handle life, health, and disability.
SteelPeak is active in 60+ branches of the Schwab Advisor Network and has a full-time team member to help cultivate the relationships at the SAN branches. Leads are distributed based on advisor close rates. For advisors with low close rates, the leadership team will provide coaching to help train the advisor and further their career path. SteelPeak is committed to helping advisors grow. They have enlisted the support of Tony Walsh, the Director of Operations, and Tyler Resh, Chief Growth Officer, to accomplish this. They help advisors understand their marketing strengths and discover ways to share best practices across the firm. This sharing fosters an environment of continuous improvement.
To support partners and advisors, SteelPeak has established The Corporate Development Committee. This committee focuses on the firm’s M&A activity and the onboarding of the advisors, teams, and firms to support the transition. The committee focuses on the success of all operational, administrative, and business development/sales tools. This team also helps with employee reviews and performance management. Additionally, the company helps partners identify and implement strategic growth initiatives and define and manage their local offices toward specific KPIs. These efforts are aimed at providing support and guidance to partners and advisors to help them achieve goals and grow their businesses.
.png)
.png)
