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••••••• W••••• A•••••••• I•••••••••
Latest filing Jun 11, 2026
First filing on the tape Mar 7, 2012 · 25 filings
SEC status approved since Apr 30, 2010
RAUM
$201M
reported, Item 5.F
Discretionary
0.0%
of RAUM
Private clients
100%
$201M individuals and HNW
Advisors
3
registered through the firm on IAPD
RAUM per advisor
$67.1M
derived; firm RAUM over IAPD count
Employees
3
3 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
0
reported on Schedule D
History
25 filings and snapshots on the tape
RAUM$201M as of Jun 11, 2026
May 18, 2012$125M then
HNW client RAUM$159M as of Jun 11, 2026
Jul 10, 2018$84.0M then
State-registered IARs (5.B.3)3 as of Jun 11, 2026
May 18, 20120 then
Employees (5.A)3 as of Jun 11, 2026
Aug 1, 20132 then
Private funds: no history
RAUM +28% over the last fiscal year+26% a year over threeIARs 3 to 3offices 2 to 3
Practice profile
derived from the filing of Jun 11, 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
- RAUM per advisor
- $67.1MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 22derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $6.4MderivedHNW RAUM over HNW clients
- Average account
- $3.1MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 0.0%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.0derivedItem 5.A over advisors
- Advisors per office
- 0.8derived4 offices incl. principal (1.F.5)
- RAUM growth, one year
- -5.8%derivedbetween the last two annual amendments
- Advisor growth, one year
- +33%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -4.1%derived
- Compensation
- percentage of assets, hourlyreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 5.G
- 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
- buys or sells securities as principal to or from clients (8.A.2)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$159M79%
- Individuals$41.9M21%
- Individual clients
- 41reported
- HNW clients
- 25reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 66reported
- Financial planning clients
- 11-25reported
- Wrap fee programs
- noreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, hourlyreported
- Class basis
- private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
3 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| B•••••• A••••• O••••Certified Financial Planner | Eagan, Mn | Nov 14, 2013 | 28 y | 2 |
| A••••• M•••• M•••••• | Mendota Heights, Mn | Jan 11, 2024 | 11 y | 0 |
| S••••• D•••••• C•••••• | Eagan, Mn | Nov 21, 2025 | 29 y | 2 |
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 headcount0 left over 36 months
Left, latest
- A••• W••• N•••••• to W••••• F•••••••• A•••••••• L••Jan 21, 2019 · RIA to RIA
- C•••••• T•• S•••••• to A•• P•••••••Nov 28, 2018 · RIA to RIA
Joined, latest
- A••• W••• N•••••• from G••••••• I••••••••• L••Jul 19, 2016 · Other
- S••••• D•••••• C•••••• from C•••••• M••••••••• A••••••••• I••May 10, 2010 · Other
- B•••••• A••••• O•••• from C•••••• M••••••••• A••••••••• I••May 10, 2010 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- C••••••• S•••••• D•••••• · Ceo/Chief Compliance Officercontrolsince 04/2010 · owns 50% to 75%
- O••••• B••••••• A••••• · Presidentcontrolsince 04/2010 · owns 50% to 75%
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 |
|---|---|---|---|---|---|
| Eagan, Mn · principal | 3 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
- St. Cloud, MN1 employees
- , 1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- low discretionary shareStatic outlier · filing Jun 11, 2026discretionary share of RAUM of 0% against a peer median of 100% (5676 comparable advisers, 0.0th percentile, 33.7 robust deviations)peers: independent wealth managers, $100M to $500M (5,676) · 0.0% percentile
What changed
consecutive filings, newest first
- Accounts · 64 to 66Nov 14, 2025 to Jun 11, 2026
- HNW clients · 33 to 25Nov 14, 2025 to Jun 11, 2026
- Individual clients · 31 to 41Nov 14, 2025 to Jun 11, 2026
- Financial planning clients · 26-50 to 11-25Nov 14, 2025 to Jun 11, 2026
- HQ city · MINNEAPOLIS to EAGANNov 14, 2025 to Jun 11, 2026
- HNW RAUM · $157M to $159MNov 14, 2025 to Jun 11, 2026
- Individual RAUM · $34.6M to $41.9MNov 14, 2025 to Jun 11, 2026
- Non-discretionary RAUM · $191M to $201MNov 14, 2025 to Jun 11, 2026
- RAUM · $191M to $201MNov 14, 2025 to Jun 11, 2026
- Advisory employees · 4 to 3Jul 1, 2025 to Nov 14, 2025
- Employees · 4 to 3Jul 1, 2025 to Nov 14, 2025
- State-registered IARs · 4 to 3Jul 1, 2025 to Nov 14, 2025
- Accounts · 71 to 64Jun 6, 2024 to Jul 1, 2025
- HNW clients · 51 to 33Jun 6, 2024 to Jul 1, 2025
- Individual clients · 20 to 31Jun 6, 2024 to Jul 1, 2025
- Financial planning clients · 26-50 to 26-50Jun 6, 2024 to Jul 1, 2025
- HNW RAUM · $139M to $157MJun 6, 2024 to Jul 1, 2025
- Individual RAUM · $8.8M to $34.6MJun 6, 2024 to Jul 1, 2025
- Non-discretionary RAUM · $148M to $191MJun 6, 2024 to Jul 1, 2025
- RAUM · $148M to $191MJun 6, 2024 to Jul 1, 2025
- Accounts · 405 to 71Jan 11, 2024 to Jun 6, 2024
- Charity clients · 1.0 to unsetJan 11, 2024 to Jun 6, 2024
- HNW clients · 25 to 51Jan 11, 2024 to Jun 6, 2024
- Individual clients · 49 to 20Jan 11, 2024 to Jun 6, 2024
- Employees · 5 to 4Jan 11, 2024 to Jun 6, 2024
- Discretionary RAUM · $20.7M to $0Jan 11, 2024 to Jun 6, 2024
- HNW RAUM · $124M to $139MJan 11, 2024 to Jun 6, 2024
- Individual RAUM · $31.0M to $8.8MJan 11, 2024 to Jun 6, 2024
- Non-discretionary RAUM · $136M to $148MJan 11, 2024 to Jun 6, 2024
- RAUM · $157M to $148MJan 11, 2024 to Jun 6, 2024
- Advisory employees · 3 to 4Jul 6, 2023 to Jan 11, 2024
- Employees · 3 to 5Jul 6, 2023 to Jan 11, 2024
- State-registered IARs · 3 to 4Jul 6, 2023 to Jan 11, 2024
- Other offices · 2 to 3Jul 6, 2023 to Jan 11, 2024
- Accounts · 63 to 405Jun 13, 2022 to Jul 6, 2023
- HNW clients · 30 to 25Jun 13, 2022 to Jul 6, 2023
- Individual clients · 33 to 49Jun 13, 2022 to Jul 6, 2023
- Discretionary RAUM · $0 to $20.7MJun 13, 2022 to Jul 6, 2023
- HNW RAUM · $104M to $124MJun 13, 2022 to Jul 6, 2023
- Individual RAUM · $18.7M to $31.0MJun 13, 2022 to Jul 6, 2023
Signals
No event on the tape.
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
- 612-840-1964reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 612-865-0963reportedpublished by the firm, firm site, Sep 16, 2026
- Website
- K•••••••WA.COMreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 612-465-8118reportedpublic record, Form ADV, Jun 11, 2026
- Team page
- KEYSTONEWA.COM/biosreportedpublished by the firm, firm site, Sep 16, 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
- $67.1Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026