# Key Capital Management, Inc.

> Key Capital Management, Inc. is an SEC-registered investment advisory firm in Hendersonville, TN, registered since 2022, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 8, 2026.

- CRD: 173773
- Filed as: KEY CAPITAL MANAGEMENT, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Hendersonville, TN
- Filing period: October 2026
- Form ADV filing dated: April 8, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/173773
- AdvisorCensus page: https://advisorcensus.com/firm/key-capital-management-inc-hendersonville-tn-173773

## Quick answers

**How is Key Capital Management, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Key Capital Management, Inc. reports these compensation arrangements: a percentage of assets under its management.

**How much does Key Capital Management, Inc. charge?**
Its Form ADV Part 2A brochure dated February 9, 2026 states: Asset-based fee: up to 2% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Key Capital Management, Inc. located?**
Key Capital Management, Inc.'s principal office is in Hendersonville, TN, according to its Form ADV; the May 2026 filing also lists 4 other offices (Schedule D, Section 1.F).

**Is Key Capital Management, Inc. registered with the SEC or a state?**
Key Capital Management, Inc. is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 173773.

**How much does Key Capital Management, Inc. manage?**
Key Capital Management, Inc. reports $392,952,016 in regulatory assets under management in its Form ADV filing dated April 8, 2026 (97% discretionary).

**How have Key Capital Management, Inc.'s assets and staff changed since 2022?**
In the Form ADV data for Key Capital Management, Inc.: Regulatory assets under management: $104,922,302 in the October 2022 data and $392,952,016 in the October 2026 data, up 275%. Total employees: 4 in October 2022 and 35 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Key Capital Management, Inc. serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,937); high net worth individuals (69); pension and profit sharing plans (but not the plan participants or government pension plans) (12).

**Which custodians does Key Capital Management, Inc. use?**
Key Capital Management, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Key Capital Management, Inc. report any disciplinary disclosures?**
Reports 4 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation), 11.D(5) (another regulator's denial, suspension, or revocation of a registration or license, bar, or restriction), 11.G (pending regulatory proceeding), and 11.H(1)(c) (regulator's civil action dismissed under a settlement). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/173773

**Does Key Capital Management, Inc. state an account minimum?**
Its Form ADV Part 2A brochure dated February 9, 2026 says: "In general, there is a minimum dollar amount of $50,000 to open and maintain an advisory account; however, we have the right to waive the account minimum based on the client and the complexity of the situation."

**What changed in Key Capital Management, Inc.'s recent Form ADV filings?**
In the May 2026 filing data: Registered or notice-filed in CO, IN, MI.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated February 9, 2026)

- Asset-based fee: up to 2% of assets a year (the maximum the brochure states)

> Portfolio management fees are individually negotiated with each client and are generally up to 2% of the market value of assets in the account calculated annually.

- Account minimum: $50,000 (the brochure says it may be waived or negotiated)

> In general, there is a minimum dollar amount of $50,000 to open and maintain an advisory account; however, we have the right to waive the account minimum based on the client and the complexity of the situation.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $392,952,016
- Discretionary: $382,682,836
- Non-discretionary: $10,269,180

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 1,937 | $275,538,188 |
| High net worth individuals | 69 | $113,246,027 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 12 | $4,167,801 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2022 (4 years)
- Employees: 35 total, 9 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AL, AZ, CA, CO, FL, IN, KY, LA, MI, MS, NC, OH, TN, TX
- Disclosures (Item 11): Reports 4 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(5): Has another federal regulator, a state regulator, or a foreign financial regulator ever denied, suspended, or revoked the registration or license of the firm or an advisory affiliate, prevented either by order from associating with an investment-related business, or restricted either one's activity?
- 11.G: Is the firm or an advisory affiliate now the subject of a regulatory proceeding that could result in a yes answer to any part of 11.C, 11.D, or 11.E?
- 11.H(1)(c): Has a domestic or foreign court ever dismissed, under a settlement agreement, an investment-related civil action brought against the firm or an advisory affiliate by a state or foreign financial regulator?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/173773

### Other offices (Schedule D, Section 1.F), as of the May 2026 filing
- Bowling Green, KY
- Franklin, TN
- Mount Juliet, TN
- Murfreesboro, TN

### Websites listed on Form ADV (Item 1.I)
- [info.woodfinancialgroup.com/money-matters](https://info.woodfinancialgroup.com/money-matters)
- [info.woodfinancialgroup.com/surviving-retirement](https://info.woodfinancialgroup.com/surviving-retirement)
- [maps.app.goo.gl/PRfi7RzHJjthMMSL9](https://maps.app.goo.gl/PRfi7RzHJjthMMSL9)
- [moneymattersnashville.com](https://moneymattersnashville.com)
- [woodfinancialgroup.com](https://woodfinancialgroup.com)
- [woodfinancialgroup.net](https://woodfinancialgroup.net)
- Facebook @woodfinancialgroup
- Instagram @woodfinancialgroup
- LinkedIn @3797486
- LinkedIn @wood-financial-group-llc
- X @Wood_Financial
- YouTube @UCkNzmZ0rIV8CsyhCfvDWznA

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $104,922,302 | 4 | June 23, 2022 |
| October 2023 | $127,521,882 | 5 | September 7, 2023 |
| October 2024 | $205,757,846 | 22 | April 30, 2024 |
| October 2025 | $292,985,635 | 30 | January 23, 2025 |
| October 2026 | $392,952,016 | 35 | April 8, 2026 |

Regulatory assets under management: $104,922,302 in the October 2022 data and $392,952,016 in the October 2026 data, up 275%.
Total employees: 4 in October 2022 and 35 in October 2026.

## Changes in the filing (last 12 months)

### May 2026
- Registered or notice-filed in CO, IN, MI.

### March 2026
- Employees performing advisory functions went from 7 to 9.
- Regulatory assets under management went from $292,985,635 to $392,952,016 (+34%).
- Registered or notice-filed in CA.

### December 2025
- Registered or notice-filed in MS.

### November 2025
- Added an office in Bowling Green, KY.
- Added an office in Murfreesboro, TN.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Key Capital Management, Inc. (CRD 173773): Form ADV filing data as of October 2026.