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Keystone Wealth Management
Filed as KEYSTONE WEALTH MANAGEMENT · Legal name Keystone Wealth Management Inc.
Keystone Wealth Management is an SEC-registered investment advisory firm in Waterloo, IA, registered since 2025, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated June 5, 2026.
Quick answers
From the filingHow is Keystone Wealth Management compensated?
On its Form ADV (Item 5.E, October 2026), Keystone Wealth Management reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure.
Where is Keystone Wealth Management located?
Keystone Wealth Management's principal office is in Waterloo, IA, according to its Form ADV.
Is Keystone Wealth Management registered with the SEC or a state?
Keystone Wealth Management is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 304133.
How much does Keystone Wealth Management manage?
Keystone Wealth Management reports $137,388,022 in regulatory assets under management in its Form ADV filing dated June 5, 2026 (88% discretionary).
What types of clients does Keystone Wealth Management serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (164); high net worth individuals (43); pension and profit sharing plans (but not the plan participants or government pension plans) (5).
Which custodians does Keystone Wealth Management use?
Keystone Wealth Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Jhusa as custodians holding 10% or more of its separately managed account assets.
Does Keystone Wealth Management 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/304133
What changed in Keystone Wealth Management's recent Form ADV filings?
In the December 2025 filing data: Newly registered with the SEC.
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Fixed fees (other than subscription fees)
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AThe brochure lists different fees for different services or strategies. See the firm's brochure (dated June 5, 2026) for its fees and any account minimum, on the SEC's IAPD site.
Regulatory assets under management
Item 5.F$137,388,022 as of October 2026, filing dated June 5, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services
Registration and firm details
Items 1, 2, 5- Legal name
- Keystone Wealth Management Inc.
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2025 (1 year)
- Employees
- Total: 2. Performing investment advisory functions: 1.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
-
3 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Changes in the filing
Last 12 months- December 2025
- Newly registered with the SEC.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Keystone Wealth Management (CRD 304133): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/keystone-wealth-management-waterloo-ia-304133