{ "crd_number": 142885, "slug": "keystone-national-group-llc-salt-lake-city-ut-142885", "primary_business_name": "KEYSTONE NATIONAL GROUP, LLC", "legal_name": "KEYSTONE NATIONAL GROUP, LLC", "dbas": [], "city": "Salt Lake City", "state": "UT", "country": "United States", "cbsa_code": "41620", "metro": { "cbsa_code": "41620", "common_name": "Salt Lake City", "msa_name": "Salt Lake City-Murray, UT", "path": "/advisors/ut/salt-lake-city" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2007-02-08", "years_registered": 19, "period": "2026-10-01", "filing_date": "2026-09-18", "carried_forward": false, "raum_total": 2502802240.0, "raum_discretionary": 2502802240.0, "raum_non_discretionary": 0.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 42, "advisory_employees": 40, "client_count_bucket": null, "clients_by_type": { "investment_companies": { "raum": 1948500639.0, "count": 1 }, "pooled_investment_vehicles": { "raum": 554301601.0, "count": 12 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_investment_companies", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "UT" ], "websites": [ "https://keystonenational.com", "https://linkedin.com/company/keystonenationalgroup" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/142885", "city_as_filed": "SALT LAKE CITY", "url": "https://advisorcensus.com/firm/keystone-national-group-llc-salt-lake-city-ut-142885", "display_name": "Keystone National Group, LLC", "summary": "Keystone National Group, LLC is an SEC-registered investment advisory firm in Salt Lake City, UT, registered since 2007, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 18, 2026.", "citation": "AdvisorCensus. Keystone National Group, LLC (CRD 142885): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees" ], "advisory_activity_labels": [ "Portfolio management for investment companies (and business development companies)", "Portfolio management for pooled investment vehicles (other than investment companies)" ], "quick_answers": [ { "q": "How is Keystone National Group, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Keystone National Group, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is Keystone National Group, LLC located?", "a": "Keystone National Group, LLC's principal office is in Salt Lake City, UT, according to its Form ADV; the October 2026 filing also lists 1 other office (Schedule D, Section 1.F)." }, { "q": "Is Keystone National Group, LLC registered with the SEC or a state?", "a": "Keystone National Group, LLC is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 142885." }, { "q": "How much does Keystone National Group, LLC manage?", "a": "Keystone National Group, LLC reports $2,502,802,240 in regulatory assets under management in its Form ADV filing dated September 18, 2026 (100% discretionary)." }, { "q": "How have Keystone National Group, LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Keystone National Group, LLC: Regulatory assets under management: $1,054,640,770 in the October 2021 data and $2,502,802,240 in the October 2026 data, up 137%. Total employees: 16 in October 2021 and 42 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Keystone National Group, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (12); investment companies (1)." }, { "q": "Does Keystone National Group, LLC report any disciplinary disclosures?", "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/142885" }, { "q": "What changed in Keystone National Group, LLC's recent Form ADV filings?", "a": "In the October 2026 filing data: Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 1054640770.0, "total_employees": 16, "filing_date": "2021-03-23" }, { "period": "2022-10-01", "regulatory_assets_under_management": 1296628311.0, "total_employees": 16, "filing_date": "2022-03-24" }, { "period": "2023-10-01", "regulatory_assets_under_management": 1810015814.0, "total_employees": 26, "filing_date": "2023-08-01" }, { "period": "2024-10-01", "regulatory_assets_under_management": 2130000279.0, "total_employees": 35, "filing_date": "2024-08-21" }, { "period": "2025-10-01", "regulatory_assets_under_management": 2274095442.0, "total_employees": 39, "filing_date": "2025-03-31" }, { "period": "2026-10-01", "regulatory_assets_under_management": 2502802240.0, "total_employees": 42, "filing_date": "2026-09-18" } ], "recent_changes": [ { "period": "2026-10-01", "period_label": "October 2026", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] }, { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 38 to 40.", "Regulatory assets under management went from $2,274,095,442 to $2,502,802,240 (+10%).", "Changed its office addresses in Dallas, TX.", "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/keystone-national-group-llc-salt-lake-city-ut-142885.md", "clients": [ { "type": "investment_companies", "label": "Investment companies", "count": 1, "fewer_than_5": false, "raum": 1948500639.0 }, { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 12, "fewer_than_5": false, "raum": 554301601.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "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/142885", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }