{"url":"https://nivawealth.com/firms/keystone-wealth-management-304133","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/304133","regulatoryAum":137388022,"crd":"304133","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"3063973","suffix":null,"lastName":"BECKER","firstName":"DAVID","middleName":"MICHAEL"}],"total":1,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"secFileNumber":"801-134233","legalName":"Keystone Wealth Management Inc.","displayName":"Keystone Wealth Management","slug":"keystone-wealth-management-304133","website":"https://keystonewealth.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/304133/7e4ff266d54e02e3-r1.webp","tone":"light","width":983,"height":200,"sourceUrl":"https://www.keystonewealth.com/","sourceLabel":"Keystone Wealth Management, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Iowa other (specify)","fiscalYearEnd":"December","headquarters":{"street":"999 Home Plaza, Suite 100g","city":"Waterloo","state":"IA","stateName":"Iowa","country":"United States","postalCode":"50701"},"tradeNames":[],"registration":{"secApproved":"30 September 2025","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":581766.922705314,"staff":{"employees":2,"advisory":1,"brokerDealerReps":0,"insuranceAgents":1,"promoters":0},"aum":{"regulatory":137388022,"discretionary":120425753,"discretionaryAccounts":528,"nonDiscretionary":16962269,"nonDiscretionaryAccounts":5,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":164,"regulatoryAum":46834667},{"label":"High-net-worth individuals","clients":43,"regulatoryAum":73591086},{"label":"Pension and profit-sharing plans","clients":5,"regulatoryAum":16962269}],"feePrograms":[{"role":"main","program":"Portfolio Management Services","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1047432","versionId":1047432,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-06-05","documentName":"FORM ADV PART 2: FIRM BROCHURE","fee_rate_low":1,"fee_rate_high":1,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"401(k) Account Management","summary":"A limited number of 401(k) accounts held away from the custodian are invoiced at 0.40% of the account value set when the account was established.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1047432","versionId":1047432,"submittedOn":"2026-06-05","documentName":"FORM ADV PART 2: FIRM BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T16:22:07.480891+00:00","documents":[{"name":"FORM ADV PART 2: FIRM BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1047432","versionId":1047432,"submittedOn":"2026-06-05"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":113191842},{"name":"John Hancock Life Insurance Company (U.S.A)","shortName":"John Hancock Life Insurance Company (U.S.A)","location":"Boston, MA","smaAssets":16962269}],"custodyNote":"Keystone Wealth Management has custody of $7.23M in client assets for 9 clients.","leadership":[{"name":"David Becker","title":"President","crd":"3063973"},{"name":"David Becker","title":"Chief Compliance Officer","crd":"3063973"}],"ownership":[{"label":"David Becker","detail":"President in the 75% or more ownership band and a control person, since October 2007. Also chief compliance officer in the 75% or more ownership band and a control person, since May 2019."}],"filedOffices":{"otherThanPrincipal":1,"privateResidences":1},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Iowa","offices":1,"addresses":[{"street":"999 Home Plaza, Suite 100g","city":"Waterloo","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"319-883-3096","stateRegisteredReps":1,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Pension consulting services"],"financialPlanningClients":"11-25","assetMix":[{"label":"U.S. government/agency bonds","percent":1},{"label":"U.S. state and local bonds","percent":1},{"label":"Investment grade corporate bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":96},{"label":"Cash and cash equivalents","percent":1}],"privateFunds":0},"sources":{"adv1FilingDate":"5 June 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/304133/PDF/304133.pdf","brochureDate":"5 June 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1047432","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Keystone Wealth Management have?","answer":"Keystone Wealth Management has 212 clients and manages $137 million for them, as of June 2026. They include 164 individual clients, 43 high-net-worth individuals, and 5 pension and profit-sharing plans.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 5 June 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Keystone Wealth Management offer?","answer":"Keystone Wealth Management provides financial planning, portfolio management for individuals and small businesses, and pension consulting.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Keystone Wealth Management charge?","answer":"Keystone Wealth Management charges 1.00% a year for its Portfolio Management Services. The fee is billed in advance and is negotiable.","source":"FORM ADV PART 2: FIRM BROCHURE, filed 5 June 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Keystone Wealth Management use?","answer":"Keystone Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $113M and John Hancock Life Insurance Company (U.S.A) (Boston, MA), with $17M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 5 June 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Keystone Wealth Management have?","answer":"Keystone Wealth Management has 1 investment adviser representative registered with state securities authorities, out of 2 employees, and 1 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Keystone Wealth Management invest in?","answer":"At the end of its last fiscal year, Keystone Wealth Management’s separately managed accounts held 96% registered funds (mutual funds, ETFs, BDCs), 1% U.S. government and agency bonds, 1% state and local bonds, 1% investment grade corporate bonds and 1% cash and equivalents.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Keystone Wealth Management?","answer":"Keystone Wealth Management’s direct owner is David Becker (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 5 June 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Keystone Wealth Management get paid?","answer":"Keystone Wealth Management is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Keystone Wealth Management registered with the SEC?","answer":"Yes, Keystone Wealth Management has been registered with the SEC as an investment adviser since 30 September 2025. Its CRD number is 304133 and its SEC file number is 801-134233.","source":"Form ADV Part 1A, Item 1, filed 5 June 2026; IAPD firm record","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Keystone Wealth Management?","answer":"Keystone Wealth Management’s main office is at 999 Home Plaza, Suite 100g, Waterloo, IA 50701. Its phone number is 319-883-3096. Its website is keystonewealth.com.","source":"Form ADV Part 1A, Item 1.F, filed 5 June 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}