# Keystone Wealth Management

> 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.

- CRD: 304133
- Filed as: KEYSTONE WEALTH MANAGEMENT
- Legal name: Keystone Wealth Management Inc.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Waterloo, IA
- Filing period: October 2026
- Form ADV filing dated: June 5, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/304133
- AdvisorCensus page: https://advisorcensus.com/firm/keystone-wealth-management-waterloo-ia-304133

## Quick answers

**How 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

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

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

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: $137,388,022
- Discretionary: $120,425,753
- Non-discretionary: $16,962,269

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 164 | $46,834,667 |
| High net worth individuals | 43 | $73,591,086 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 5 | $16,962,269 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services

### Firm details
- Registered since: 2025 (1 year)
- Employees: 2 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: IA, MN, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- keystonewealth.com

## Changes in the filing (last 12 months)

### December 2025
- Newly registered with the SEC.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Keystone Wealth Management (CRD 304133): Form ADV filing data as of October 2026.