{ "crd_number": 326557, "slug": "keybanc-capital-markets-research-llc-cleveland-oh-326557", "primary_business_name": "KEYBANC CAPITAL MARKETS RESEARCH, LLC", "legal_name": "KBCM RESEARCH LLC", "dbas": [], "city": "Cleveland", "state": "OH", "country": "United States", "cbsa_code": "17410", "metro": { "cbsa_code": "17410", "common_name": "Cleveland", "msa_name": "Cleveland, OH", "path": "/advisors/oh/cleveland" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2023-10-06", "years_registered": 2, "period": "2026-10-01", "filing_date": "2026-06-03", "carried_forward": false, "raum_total": null, "raum_discretionary": null, "raum_non_discretionary": null, "raum_band": "not_reported", "raum_band_label": "Not reported", "total_employees": 80, "advisory_employees": 71, "client_count_bucket": null, "clients_by_type": null, "compensation_types": [ "other" ], "advisory_activities": [ "other" ], "wrap_fee_participant": false, "disclosure_yes_count": 7, "states_registered": [ "CA", "CO", "CT", "FL", "GA", "IL", "MA", "MD", "MN", "NJ", "NY", "OH", "PA", "TX", "VA", "WA", "WI" ], "websites": [ "https://key.com/businesses-institutions/solutions/capital-markets/institutional-equities/equity-research.html" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/326557", "disclosure_items": [ { "item": "11.C(2)", "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?" }, { "item": "11.C(4)", "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?" }, { "item": "11.C(5)", "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?" }, { "item": "11.D(2)", "question": "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?" }, { "item": "11.D(4)", "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?" }, { "item": "11.E(2)", "question": "Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?" }, { "item": "11.G", "question": "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?" } ], "city_as_filed": "CLEVELAND", "url": "https://advisorcensus.com/firm/keybanc-capital-markets-research-llc-cleveland-oh-326557", "display_name": "Keybanc Capital Markets Research, LLC", "summary": "Keybanc Capital Markets Research, LLC is an SEC-registered investment advisory firm in Cleveland, OH, registered since 2023, with no regulatory assets under management reported in its Form ADV filing dated June 3, 2026.", "citation": "AdvisorCensus. Keybanc Capital Markets Research, LLC (CRD 326557): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "Other" ], "advisory_activity_labels": [ "Other" ], "quick_answers": [ { "q": "How is Keybanc Capital Markets Research, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Keybanc Capital Markets Research, LLC reports these compensation arrangements: other." }, { "q": "Where is Keybanc Capital Markets Research, LLC located?", "a": "Keybanc Capital Markets Research, LLC's principal office is in Cleveland, OH, according to its Form ADV." }, { "q": "Is Keybanc Capital Markets Research, LLC registered with the SEC or a state?", "a": "Keybanc Capital Markets Research, LLC is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 326557." }, { "q": "How have Keybanc Capital Markets Research, LLC's assets and staff changed since 2023?", "a": "In the Form ADV data for Keybanc Capital Markets Research, LLC: Total employees: 85 in October 2023 and 80 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "Does Keybanc Capital Markets Research, LLC report any disciplinary disclosures?", "a": "Reports 7 disclosure items on Form ADV Item 11: yes answers to 7 questions about regulatory matters (11.C(2), 11.C(4), 11.C(5), 11.D(2), 11.D(4), 11.E(2), 11.G). 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/326557" }, { "q": "Does Keybanc Capital Markets Research, LLC state an account minimum?", "a": "Its Form ADV Part 2A brochure dated June 3, 2026 says: \"Due to the nature of our services, no investment or account minimums are required.\"" }, { "q": "What changed in Keybanc Capital Markets Research, LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 80 to 71." } ], "filing_history": [ { "period": "2023-10-01", "regulatory_assets_under_management": null, "total_employees": 85, "filing_date": "2023-09-29" }, { "period": "2024-10-01", "regulatory_assets_under_management": null, "total_employees": 84, "filing_date": "2024-07-25" }, { "period": "2025-10-01", "regulatory_assets_under_management": null, "total_employees": 89, "filing_date": "2025-02-28" }, { "period": "2026-10-01", "regulatory_assets_under_management": null, "total_employees": 80, "filing_date": "2026-06-03" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 80 to 71." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated June 3, 2026", "provided_by_the_firm": false, "tiers": [], "flat_rate": null, "stated_range": null, "stated_maximum": null, "account_minimum": "None", "account_minimum_may_be_waived": false, "minimum_annual_fee": null, "planning_fees": [], "figures": [ { "label": "Account minimum", "statements": [ "Account minimum: None" ], "quotes": [ "Due to the nature of our services, no investment or account minimums are required." ] } ], "values": { "tiers": [], "range_pct": null, "max_pct": null, "account_minimum": 0.0, "minimum_annual_fee": null, "planning": [] }, "quotes": [ "Due to the nature of our services, no investment or account minimums are required." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/keybanc-capital-markets-research-llc-cleveland-oh-326557.md", "clients": [], "disclosure_line": "Reports 7 disclosure items on Form ADV Item 11.", "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/326557", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }