DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
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SEC-registered adviser
K••••• T••••• M••••••••• L••
Latest filing Mar 20, 2026
First filing on the tape Nov 11, 2011 · 31 filings
SEC status approved since Jun 15, 2015
RAUM
$306M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
99%
$303M individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$61.1M
derived; firm RAUM over IAPD count
Employees
12
7 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
31 filings and snapshots on the tape
RAUM$306M as of Mar 20, 2026
Mar 1, 2012$80.5M then
HNW client RAUM$253M as of Mar 20, 2026
Mar 1, 2018$95.0M then
State-registered IARs (5.B.3)4 as of Mar 20, 2026
Mar 1, 20120 then
Employees (5.A)12 as of Mar 20, 2026
Feb 19, 201613 then
Private funds: no history
RAUM -19% over the last fiscal year+3.3% a year over threeIARs 7 to 4offices 0 to 1
Practice profile
derived from the filing of Mar 20, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- RAUM per advisor
- $61.1MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 26derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $4.5MderivedHNW RAUM over HNW clients
- Average account
- $694,321derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.4derivedItem 5.A over advisors
- Advisors per office
- 2.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- -19%derivedbetween the last two annual amendments
- Advisor growth, one year
- -43%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -55%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, otherreportedItem 5.G
- Custody
- $73.4M, 43 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- is an insurance broker or agent (6.A.6)
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$253M83%
- Individuals$49.8M16%
- Corporations and businesses$1.6M0.5%
- Charitable organizations$1.1M0.4%
- Individual clients
- 76reported
- HNW clients
- 56reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 440reported
- Financial planning clients
- 51-100reported
- Wrap fee programs
- noreported
- Custody of client assets
- $73.4M for 43 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.99 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
5 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| J••• L•••••• U••••Certified Financial Planner | Orem, Ut | Feb 8, 2005 | 39 y | 0 |
| C•••• M••• M•••••Certified Financial Planner | Orem, Ut | Jan 11, 2019 | 17 y | 3 |
| N•••••••• E••••• E•••• | Orem, Ut | Feb 1, 2024 | 10 y | 2 |
| G•••••• J••• S•••• | Orem, Ut | Jan 7, 2025 | 12 y | 0 |
| D•••• C••• U•••• | Orem, Ut | Jan 17, 2025 | 11 y | 0 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount5 left over 36 months
Left, latest
- A••• K••••• J•••• to D•••• W••••• A•••••••May 21, 2025 · RIA to RIA
- J••••• P••• C••••• to D•••• W••••• A•••••••May 21, 2025 · RIA to RIA
- K•••• B•••• K•••• to D•••• W••••• A•••••••Jan 8, 2025 · RIA to RIA
- A•• J• M•••• to E••••• J••••Mar 5, 2024 · RIA to affiliated broker-dealer or bank
- B••••••• P••• to A••••••••• F•••••••• S•••••••• L••Oct 19, 2023 · RIA to affiliated broker-dealer or bank
- C•••• J•••• D••••••••• to F••••• F••••••••• L••Jul 31, 2019 · RIA to a state-registered adviser
- J•••• A••••• D••• to E••••• J••••Dec 8, 2017 · Other
- M•••• S•••••• to V•••• C•••••• P•••••••• L••Oct 5, 2017 · Other
- R••••• I••• S••••••• to Q•• F•••••••• L••Oct 8, 2009 · Other
- R••••• D••••• S•••• to S•• A•••••••• I•••Jun 18, 2009 · Other
- S•••• P••••• C••••••••• to L•• F•••••••• L••Feb 16, 2006 · Other
Joined, latest
- N•••••••• E••••• E•••• from S•••••••• F••••••••• I•••Sep 5, 2018 · Affiliated broker-dealer or bank to independent RIA
- J•••• A••••• D••• from M••••• S••••••Jan 3, 2014 · Other
- R••••• D••••• S•••• from S•••••••• F••••••••• I•••Jan 8, 2008 · Other
- A•• J• M•••• from W•••• F•••• I••••••••• L••Apr 20, 2007 · Other
- S•••• P••••• C••••••••• from H•••••• T••••••• • K•••• L••Feb 15, 2005 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 left for D•••• W••••• A•••••••May 21, 2025 · Orem, Ut
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- J••••• R••••••• K••••• · Managing Membercontrolsince 12/1989 · owns 25% to 50%
- U••••• J•••• L•••••• · Managing Member/Chief Compliance Officercontrolsince 12/1989 · owns 50% to 75%
- W•••••• C••• · Managing Membercontrolsince 01/2023 · owns 10% to 25%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Orem, Ut · principal | 5 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
5 against comparable advisers; where to look, not conclusions
- clients down average size upCombination · filing Mar 20, 2026private clients fell 20 percent or more while RAUM per client rose 30 percent or more: a move up-market or the departure of small accounts. RAUM $379,274,089 to $305,501,290, advisors 7 to 4, private clients 295 to 132, offices 0 to 1 (2025-04-17 to 2026-03-20)peers: independent wealth managers, $100M to $500M (5,676)
- account count collapseChange between filings · filing Mar 20, 2026accounts (Item 5.F.2.f) moved from 839.0 to 440.0 (-48.0%) between the annual amendments of 2025-04-17 and 2026-03-20; the peer median change was +5.0% (3687 comparable advisers, 3.0th percentile of changes)peers: independent wealth managers, $100M to $500M (3,687) · 3.2% percentile
- client count collapseChange between filings · filing Mar 20, 2026individual and HNW clients (Item 5.D) moved from 295.0 to 132.0 (-55.0%) between the annual amendments of 2025-04-17 and 2026-03-20; the peer median change was +3.0% (3309 comparable advisers, 1.0th percentile of changes)peers: independent wealth managers, $100M to $500M (3,309) · 1.3% percentile
- advisor count dropChange between filings · filing Mar 20, 2026advisory representatives (Item 5.B.3) moved from 7.0 to 4.0 (-43.0%) between the annual amendments of 2025-04-17 and 2026-03-20; the peer median change was 0.0% (965 comparable advisers, 2.0th percentile of changes)peers: independent wealth managers, $100M to $500M (965) · 2.2% percentile
- compensation changedChange between filings · filing Mar 20, 2026commissions (Item 5.E.5): yes on the filing of 2025-05-28, no on the filing of 2026-03-20peers: independent wealth managers, $100M to $500M (5,676)
What changed
consecutive filings, newest first
- Accounts · 839 to 440May 28, 2025 to Mar 20, 2026
- Advisory employees · 9 to 7May 28, 2025 to Mar 20, 2026
- HNW clients · 73 to 56May 28, 2025 to Mar 20, 2026
- Individual clients · 222 to 76May 28, 2025 to Mar 20, 2026
- Commission compensation · true to falseMay 28, 2025 to Mar 20, 2026
- Assets in custody · $62.7M to $73.4MMay 28, 2025 to Mar 20, 2026
- Employees · 13 to 12May 28, 2025 to Mar 20, 2026
- Insurance-licensed employees · 3 to 0May 28, 2025 to Mar 20, 2026
- Financial planning clients · 11-25 to 51-100May 28, 2025 to Mar 20, 2026
- State-registered IARs · 7 to 4May 28, 2025 to Mar 20, 2026
- Other offices · 0 to 1May 28, 2025 to Mar 20, 2026
- Discretionary RAUM · $379M to $305MMay 28, 2025 to Mar 20, 2026
- HNW RAUM · $277M to $253MMay 28, 2025 to Mar 20, 2026
- Individual RAUM · $103M to $49.8MMay 28, 2025 to Mar 20, 2026
- Non-discretionary RAUM · $0 to $855,490May 28, 2025 to Mar 20, 2026
- RAUM · $379M to $306MMay 28, 2025 to Mar 20, 2026
- Financial planning clients · 11-25 to 11-25Apr 17, 2025 to May 28, 2025
- Accounts · 824 to 839Mar 19, 2024 to Feb 20, 2025
- Advisory employees · 5 to 9Mar 19, 2024 to Feb 20, 2025
- BD registered reps · 7 to 0Mar 19, 2024 to Feb 20, 2025
- HNW clients · 67 to 73Mar 19, 2024 to Feb 20, 2025
- Individual clients · 256 to 222Mar 19, 2024 to Feb 20, 2025
- Pension plan clients · 15.0 to unsetMar 19, 2024 to Feb 20, 2025
- Assets in custody · $71.5M to $62.7MMar 19, 2024 to Feb 20, 2025
- Insurance-licensed employees · 0 to 3Mar 19, 2024 to Feb 20, 2025
- State-registered IARs · 6 to 7Mar 19, 2024 to Feb 20, 2025
- Discretionary RAUM · $321M to $379MMar 19, 2024 to Feb 20, 2025
- HNW RAUM · $216M to $277MMar 19, 2024 to Feb 20, 2025
- Individual RAUM · $101M to $103MMar 19, 2024 to Feb 20, 2025
- Non-discretionary RAUM · $17.1M to $0Mar 19, 2024 to Feb 20, 2025
- Pension RAUM · 20890142.0 to unsetMar 19, 2024 to Feb 20, 2025
- RAUM · $338M to $379MMar 19, 2024 to Feb 20, 2025
- Accounts · 790 to 824Jan 24, 2024 to Mar 19, 2024
- Advisory employees · 4 to 5Jan 24, 2024 to Mar 19, 2024
- BD registered reps · 5 to 7Jan 24, 2024 to Mar 19, 2024
- HNW clients · 52 to 67Jan 24, 2024 to Mar 19, 2024
- Individual clients · 250 to 256Jan 24, 2024 to Mar 19, 2024
- Pension plan clients · 21 to 15Jan 24, 2024 to Mar 19, 2024
- Assets in custody · $254M to $71.5MJan 24, 2024 to Mar 19, 2024
- Employees · 15 to 13Jan 24, 2024 to Mar 19, 2024
Signals
13 dated events
- J••••• P••• C••••• left K••••• T••••• M••••••••• L•• for D•••• W••••• A••••••• (registered 2024-12-20)May 21, 2025 · Advisor changed firm · fact
- A••• K••••• J•••• left K••••• T••••• M••••••••• L•• for D•••• W••••• A••••••• (registered 2025-02-18)May 21, 2025 · Advisor changed firm · fact
- 2 advisors left K••••• T••••• M••••••••• L•• (Orem, UT) for D•••• W••••• A••••••• on the same dayMay 21, 2025 · Team lift-out · derived
- K•••• B•••• K•••• left K••••• T••••• M••••••••• L•• for D•••• W••••• A••••••• (registered 2025-01-22)Jan 8, 2025 · Advisor changed firm · fact
- T••••• Gerald Garrett (Managing Member) no longer on Schedule A of K••••• T••••• M••••••••• L•• (listed 2024-01-24, absent 2024-03-19)Mar 19, 2024 · Control person left · inference
- K••••• Adam Jones (Senior Advisor) no longer on Schedule A of K••••• T••••• M••••••••• L•• (listed 2024-01-24, absent 2024-03-19)Mar 19, 2024 · Control person left · inference
- Cary Wasden (Managing Member) appeared on Schedule A of K••••• T••••• M••••••••• L••Mar 19, 2024 · Control person joined · fact
- A•• J• M•••• left K••••• T••••• M••••••••• L•• for E••••• J•••• (registered 2023-10-02)Mar 5, 2024 · Advisor changed firm · fact
- B••••••• P••• left K••••• T••••• M••••••••• L•• for A••••••••• F•••••••• S•••••••• L•• (registered 2024-01-03)Oct 19, 2023 · Advisor changed firm · fact
- K••••• Adam Jones (Senior Advisor) appeared on Schedule A of K••••• T••••• M••••••••• L••Feb 13, 2023 · Control person joined · fact
- Joseph Charles Unice (Managing Member) no longer on Schedule A of K••••• T••••• M••••••••• L•• (listed 2022-02-28, absent 2023-02-13)Feb 13, 2023 · Control person left · inference
- T••••• Gerald Garrett (Managing Member) appeared on Schedule A of K••••• T••••• M••••••••• L••Feb 5, 2020 · Control person joined · fact
- K••••• T••••• I•• filed its initial SEC registration (Form ADV)Jun 3, 2015 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business phone
- 801-226-0800reportedpublished by the firm, firm site, Sep 17, 2026
- Firm profile
- linkedin.com/company/keeler-thomas-management/?viewAsMember=reportedpublic record, Form ADV, Sep 18, 2026
- Website
- H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 801-226-0800reportedpublic record, Form ADV, Mar 20, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $61.1Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026