# Keystone Private Wealth

> Keystone Private Wealth is an SEC-registered investment advisory firm in Palm Desert, CA, registered since 2021, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated August 6, 2026.

- CRD: 301924
- Filed as: KEYSTONE PRIVATE WEALTH
- Legal name: Keystone Wealth Services, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Palm Desert, CA
- Filing period: October 2026
- Form ADV filing dated: August 6, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/301924
- AdvisorCensus page: https://advisorcensus.com/firm/keystone-private-wealth-palm-desert-ca-301924

## Quick answers

**How is Keystone Private Wealth compensated?**
On its Form ADV (Item 5.E, October 2026), Keystone Private Wealth reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**What does Keystone Private Wealth's brochure say about its fees?**
Its Form ADV Part 2A brochure dated August 6, 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 Keystone Private Wealth located?**
Keystone Private Wealth's principal office is in Palm Desert, CA, according to its Form ADV.

**Is Keystone Private Wealth registered with the SEC or a state?**
Keystone Private Wealth is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 301924.

**How much does Keystone Private Wealth manage?**
Keystone Private Wealth reports $860,654,038 in regulatory assets under management in its Form ADV filing dated August 6, 2026 (93% discretionary).

**How have Keystone Private Wealth's assets and staff changed since 2021?**
In the Form ADV data for Keystone Private Wealth: Regulatory assets under management: $142,300,000 in the October 2021 data and $860,654,038 in the October 2026 data, up 505%. Total employees: 6 in October 2021 and 11 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Keystone Private Wealth serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (285); high net worth individuals (246); corporations or other businesses not listed above (104).

**Which custodians does Keystone Private Wealth use?**
Keystone Private Wealth'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 Keystone Private Wealth report any disciplinary disclosures?**
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/301924

**What changed in Keystone Private Wealth's recent Form ADV filings?**
In the March 2026 filing data: Regulatory assets under management went from $692,123,348 to $860,654,038 (+24%). Registered or notice-filed in IL.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated August 6, 2026)

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

> Investment advisory fees are typically based on the average daily ending market value of assets under management during the calendar quarter and the annual fee will not exceed 2.00%.

> Fees based on a percentage of managed Plan assets will not exceed 1.50%.

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: $860,654,038
- Discretionary: $804,267,018
- Non-discretionary: $56,387,020

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 285 | $84,282,482 |
| High net worth individuals | 246 | $666,809,063 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $3,021,536 |
| Charitable organizations | Fewer than 5 | $1,166,427 |
| Corporations or other businesses not listed above | 104 | $105,374,530 |

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

### Firm details
- Registered since: 2021 (5 years)
- Employees: 11 total, 11 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, FL, GA, ID, IL, LA, MN, NV, OR, SC, TX, UT, VA, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- keystoneprivatewealth.com
- Facebook @Todd-Luttmers-Keystone-Private-Wealth
- LinkedIn @keystone-private-wealth-palm-desert
- LinkedIn @christopher-rick-cfp®-b3291480
- LinkedIn @johnpolovick
- LinkedIn @kurtmortenson
- LinkedIn @lisa-beaty-99b8b317b
- LinkedIn @mark-thatcher-6b9b9941
- LinkedIn @michaelmortenson
- LinkedIn @robert-valenzuela-a26353135
- LinkedIn @shad-lamm-11a87421
- LinkedIn @todd-luttmers-7b0722335

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $142,300,000 | 6 | August 2, 2021 |
| October 2022 | $394,590,838 | 9 | June 15, 2022 |
| October 2023 | $416,706,113 | 10 | September 6, 2023 |
| October 2024 | $534,389,913 | 10 | January 29, 2024 |
| October 2025 | $692,123,348 | 11 | July 23, 2025 |
| October 2026 | $860,654,038 | 11 | August 6, 2026 |

Regulatory assets under management: $142,300,000 in the October 2021 data and $860,654,038 in the October 2026 data, up 505%.
Total employees: 6 in October 2021 and 11 in October 2026.

## Changes in the filing (last 12 months)

### March 2026
- Regulatory assets under management went from $692,123,348 to $860,654,038 (+24%).
- Registered or notice-filed in IL.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Keystone Private Wealth (CRD 301924): Form ADV filing data as of October 2026.