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.

SEC-registered adviser

Keystone Financial Group, LLC

Independent wealth managerLexington, KentuckyCRD 170201SEC 801-79274websiteIAPD
Latest filing Mar 17, 2026
First filing on the tape Feb 21, 2014 · 39 filings
SEC status approved since Feb 26, 2014
RAUM
$2.3B
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
98%
$2.3B individuals and HNW
Advisors
34
registered through the firm on IAPD
RAUM per advisor
$68.8M
derived; firm RAUM over IAPD count
Employees
49
33 advisory (5.B.1)
Offices
8
beyond the principal office
Private funds
0
reported on Schedule D
History
39 filings and snapshots on the tape
RAUM$2.3B as of Mar 17, 2026
Feb 16, 2015$176M then
HNW client RAUM$1.2B as of Mar 17, 2026
Mar 12, 2018$97.2M then
State-registered IARs (5.B.3)34 as of Mar 17, 2026
Feb 16, 201516 then
Employees (5.A)49 as of Mar 17, 2026
Feb 16, 201520 then
Private funds: no history
RAUM +26% over the last fiscal year+23% a year over threeIARs 32 to 34
Practice profile
derived from the filing of Mar 17, 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
  • Planning-led practice · financial planning activity (5.G.1), at least 100 financial planning clients (5.H), and hourly, fixed or subscription compensation (5.E)
  • Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
RAUM per advisor
$68.8MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
194derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.6MderivedHNW RAUM over HNW clients
Average account
$352,782derivedRAUM over accounts (5.F.2.f)
Discretionary
99%derivedof RAUM
Institutional
0.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.4derivedItem 5.A over advisors
Advisors per office
3.8derived9 offices incl. principal (1.F.5)
RAUM growth, one year
+26%derivedbetween the last two annual amendments
Advisor growth, one year
+6.3%derivedItem 5.B.3 between annual amendments
Client growth, one year
+1.9%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, educational seminarsreportedItem 5.G
Financial planning clients
4,000reportedItem 5.H
Wrap fee program
$599MreportedItem 5.I
Custody
$527M, 1,959 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$1.2B51%
  • Individuals$1.1B48%
  • Corporations and businesses$30.1M1.3%
  • Charitable organizations$5.3M0.2%
Individual clients
6,138reported
HNW clients
464reported
Pension plan clients
n/areported
Charitable clients
13reported
Accounts
6,628reported
Financial planning clients
4,000reported
Wrap fee programs
$599M sponsored, $0 managedreported
Custody of client assets
$527M for 1,959 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.98 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=30.0derived
Advisors registered through the firm
34 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
James Randall Young IILexington, Ky Jan 23, 200225 y0
Michael William KretzLexington, KyMar 31, 201424 y1
Tobin Ray JenkinsCertified Financial PlannerLexington, KyMar 31, 201423 y1
Grover Allen MollineauxLexington, KyMar 31, 201422 y2
Eddie Dewayne CoxLexington, KyMar 31, 201425 y2
Timothy S JenkinsCertified Financial PlannerLexington, KyMar 31, 201421 y1
Gary Jo AndersonLexington, KyMar 31, 201424 y2
Bernard Seward TottyLexington, KyMar 31, 201432 y1
Richard Blaine SladeLexington, KyMar 31, 201428 y1
Eugene Cliff RichardsonLexington, Ky May 21, 201442 y3
James Scott MorrisonSomerset, Ky May 21, 201436 y3
Adam Eugene RichardsonLexington, Ky May 23, 201422 y3
Richard Stephen SealsLexington, Ky Jun 27, 201421 y3
Joel Edwin GodbyMt. Sterling, Ky May 5, 201727 y0
James Spencer TemplinLexington, KyJun 27, 201721 y1
John Eldridge MortonLexington, Ky Jul 14, 201710 y1
Austin Thomas DuvallCertified Financial PlannerLexington, Ky Oct 16, 201724 y0
Jorgena Marie ColliasLexington, KySep 11, 201819 y4
Michael W. HobbsCertified Financial PlannerLexington, Ky Jan 30, 201918 y1
Brian L DavisLexington, KyNov 1, 202210 y0
Danielle Marie GerbrachtLexington, KyAug 21, 202311 y1
Amy Claire SpiveyLexington, KyJan 11, 202411 y1
Jonathan Dale UptonCertified Financial PlannerLouisville, Ky Feb 1, 202422 y0
Gregory Warren SmithCertified Financial PlannerLouisville, Ky Feb 1, 202441 y3
Bruce William LindsayCertified Financial PlannerLouisville, Ky Feb 1, 202444 y0
Jack B RobertsLexington, KyMay 17, 202412 y0
Jayme Wall NelsonLexington, KyJan 1, 202521 y1
Grant Aaron Ward OstranderLexington, KyJan 27, 202518 y0
Sean Thomas MelicanLexington, Ky Feb 4, 202512 y2
Jeffrey Allen SwaimLexington, Ky Jul 28, 202518 y2
James J ReitenbachLexington, KyJan 22, 202611 y0
Grant Kevin TruaxLexington, KyJan 27, 202614 y0
Joseph Gary SmithCertified Financial PlannerLouisville, Ky Apr 2, 202628 y5
Ronald Lucas BrownCertified Financial PlannerLexington, KyApr 27, 202621 y3
Advisor movement
0 left, 2 joined in 12 months
net +2 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount7 left over 36 months
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
Teams outTeams in
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • S Timothy Jenkins · Partnercontrol
    since 12/2013 · owns 25% to 50%
  • Ray Tobin Jenkins · Partner And Chief Compliance Officercontrol
    since 12/2013 · owns 50% to 75%
  • William Michael Kretz · Partnercontrol
    since 12/2013 · 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
OfficeAdvisorsJoinedLeftTeams outForming
Lexington, Ky · principal3440
Louisville, Ky610
Mt Sterling, Ky200
Somerset, Ky200
Paducah, Ky000
Offices
Schedule D 1.F, the 25 largest
  • Louisville, KY4 employees
  • Somerset, KY3 employees
  • Lietchfield, KY3 employees
  • Mt. Sterling, KY2 employees
  • Lexington, KY2 employees
  • , 1 employees
  • Lexington, KY1 employees
  • Lexington, KY1 employees
  • Ashland, KY1 employees
ADV anomalies
1 against comparable advisers; where to look, not conclusions
  • control person changedChange between filings · filing Mar 17, 2026
    JENKINS, TIMOTHY, S (PARTNER) left Schedule A between the filings of 2014-02-21 and 2026-03-17
    peers: independent wealth managers, $1B to $5B (1,362)
How anomalies are measured
What changed
consecutive filings, newest first
  • Accounts · 6,153 to 6,628
    Dec 4, 2025 to Mar 17, 2026
  • Advisory employees · 32 to 33
    Dec 4, 2025 to Mar 17, 2026
  • Advisory activities · 2 to 3
    Dec 4, 2025 to Mar 17, 2026
  • BD registered reps · 29 to 30
    Dec 4, 2025 to Mar 17, 2026
  • Corporate clients · 15 to 13
    Dec 4, 2025 to Mar 17, 2026
  • HNW clients · 327 to 464
    Dec 4, 2025 to Mar 17, 2026
  • Individual clients · 6,153 to 6,138
    Dec 4, 2025 to Mar 17, 2026
  • Assets in custody · $836M to $527M
    Dec 4, 2025 to Mar 17, 2026
  • Employees · 44 to 49
    Dec 4, 2025 to Mar 17, 2026
  • State-registered IARs · 32 to 34
    Dec 4, 2025 to Mar 17, 2026
  • Discretionary RAUM · $1.8B to $2.3B
    Dec 4, 2025 to Mar 17, 2026
  • HNW RAUM · $863M to $1.2B
    Dec 4, 2025 to Mar 17, 2026
  • Individual RAUM · $969M to $1.1B
    Dec 4, 2025 to Mar 17, 2026
  • Non-discretionary RAUM · $17.8M to $21.2M
    Dec 4, 2025 to Mar 17, 2026
  • RAUM · $1.9B to $2.3B
    Dec 4, 2025 to Mar 17, 2026
  • Wrap assets (sponsor) · $488M to $599M
    Dec 4, 2025 to Mar 17, 2026
  • Accounts · 5,260 to 6,153
    Nov 12, 2024 to Apr 14, 2025
  • Advisory employees · 33 to 32
    Nov 12, 2024 to Apr 14, 2025
  • Advisory activities · 3 to 2
    Nov 12, 2024 to Apr 14, 2025
  • BD registered reps · 30 to 29
    Nov 12, 2024 to Apr 14, 2025
  • Corporate clients · 13 to 15
    Nov 12, 2024 to Apr 14, 2025
  • HNW clients · 255 to 327
    Nov 12, 2024 to Apr 14, 2025
  • Individual clients · 4,979 to 6,153
    Nov 12, 2024 to Apr 14, 2025
  • Assets in custody · $527M to $836M
    Nov 12, 2024 to Apr 14, 2025
  • Employees · 45 to 44
    Nov 12, 2024 to Apr 14, 2025
  • Financial planning clients · More than 500 to More than 500
    Nov 12, 2024 to Apr 14, 2025
  • State-registered IARs · 0 to 32
    Nov 12, 2024 to Apr 14, 2025
  • Other offices · 9 to 8
    Nov 12, 2024 to Apr 14, 2025
  • Discretionary RAUM · $1.5B to $1.8B
    Nov 12, 2024 to Apr 14, 2025
  • HNW RAUM · $686M to $863M
    Nov 12, 2024 to Apr 14, 2025
  • Individual RAUM · $804M to $969M
    Nov 12, 2024 to Apr 14, 2025
  • Non-discretionary RAUM · $15.7M to $17.8M
    Nov 12, 2024 to Apr 14, 2025
  • RAUM · $1.5B to $1.9B
    Nov 12, 2024 to Apr 14, 2025
  • Wrap assets (sponsor) · $401M to $488M
    Nov 12, 2024 to Apr 14, 2025
  • Other offices · 8 to 9
    Oct 16, 2024 to Nov 12, 2024
  • Accounts · 5,191 to 5,260
    Aug 18, 2023 to Mar 20, 2024
  • Advisory employees · 28 to 33
    Aug 18, 2023 to Mar 20, 2024
  • BD registered reps · 28 to 30
    Aug 18, 2023 to Mar 20, 2024
  • Charity clients · 9 to 13
    Aug 18, 2023 to Mar 20, 2024
  • Corporate clients · 10 to 13
    Aug 18, 2023 to Mar 20, 2024
Signals
17 dated events
  • Keystone Financial Group, Llc reported RAUM $2.3B, up 26% from $1.9B (2025-12-04 to 2026-03-17)
    Mar 17, 2026 · RAUM change · derived
  • Keystone Financial Group, Llc reported 32 state-registered advisory representatives, up from 0 (2024-11-12 to 2025-04-14)
    Apr 14, 2025 · Advisor headcount change · derived
  • Christopher Allan Watts left Keystone Financial Group, Llc for Blueprint Financial Advisors (registered 2025-02-20)
    Feb 20, 2025 · Advisor changed firm · fact
  • Hunter Mirek Boyd left Keystone Financial Group, Llc for Blueprint Financial Advisors (registered 2025-02-13)
    Feb 19, 2025 · Advisor changed firm · fact
  • 2 advisors left Keystone Financial Group, LLC (Lexington, KY) for Blueprint Financial Advisors a day apart
    Feb 19, 2025 · Team lift-out · derived
  • Emma Kathleen Cinnamon left Keystone Financial Group, Llc for Raymond James Financial Services Advisors, Inc (registered 2025-08-13)
    Sep 27, 2024 · Advisor changed firm · fact
  • Miranda Renee Wood left Keystone Financial Group, Llc for Jennings & Associates Financial Advisors, Llc (registered 2023-12-01)
    Dec 1, 2023 · Advisor changed firm · fact
  • Keith Todd Jennings left Keystone Financial Group, Llc for Jennings & Associates Financial Advisors, Llc (registered 2023-12-01)
    Dec 1, 2023 · Advisor changed firm · fact
  • Nicholas Ryan Poe left Keystone Financial Group, Llc for Jennings & Associates Financial Advisors, Llc (registered 2023-12-01)
    Dec 1, 2023 · Advisor changed firm · fact
  • Kristin Renea Lynch left Keystone Financial Group, Llc for Jennings & Associates Financial Advisors, Llc (registered 2023-12-01)
    Dec 1, 2023 · Advisor changed firm · fact
  • 4 advisors left Keystone Financial Group, LLC (Lexington, KY) for Jennings & Associates Financial Advisors, LLC on the same day
    Dec 1, 2023 · Team lift-out · derived
  • Lee Christian Helmers left Keystone Financial Group, Llc for U.S. Bancorp Investments, Inc. (registered 2023-09-28)
    Aug 28, 2023 · Advisor changed firm · fact
  • Cullen Miles Pope left Keystone Financial Group, Llc for Midwestern Securities Trading Co.,Llc (registered 2023-08-08)
    Jul 28, 2023 · Advisor changed firm · fact
  • Keystone Financial Group, Llc reported RAUM $794.6M, up 58% from $503.2M (2018-08-20 to 2019-03-20)
    Mar 20, 2019 · RAUM change · derived
  • Keystone Financial Group, Llc reported 0 state-registered advisory representatives, down from 20 (2017-04-11 to 2018-03-12)
    Mar 12, 2018 · Advisor headcount change · derived
  • Keystone Financial Group, Llc reported RAUM $503.2M, up 66% from $302.3M (2017-04-11 to 2018-03-12)
    Mar 12, 2018 · RAUM change · derived
  • Keystone Financial Group, Llc filed its initial SEC registration (Form ADV)
    Feb 21, 2014 · 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
859-300-0319reportedpublished by the firm, firm site, Sep 17, 2026
Website
federalretirement.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
859-317-8316reportedpublic record, Form ADV, Mar 17, 2026
Contact form
federalretirement.com/contactreportedpublished by the firm, firm site, Sep 17, 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
$68.8Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026