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.

Former SEC-registered adviser

Keystone Wealth Partners LLC

Former SEC-registered adviserChandler, ArizonaCRD 171811SEC 801-113378IAPD
Legal name Keystone Wealth Partners, LLC
Latest filing Jan 25, 2022
First filing on the tape May 4, 2018 · 23 filings
RAUM
$644M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$644M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
32
13 advisory (5.B.1)
Offices
3
beyond the principal office
Private funds
0
reported on Schedule D
History
23 filings and snapshots on the tape
RAUM$644M as of Jan 24, 2022
Mar 4, 2019$168M then
HNW client RAUM$237M as of Jan 24, 2022
Mar 4, 2019$68.0M then
State-registered IARs (5.B.3)13 as of Jan 24, 2022
Mar 4, 20196 then
Employees (5.A)32 as of Jan 24, 2022
Mar 4, 201915 then
Private funds: no history
RAUM +80% over the last fiscal year+57% a year over threeIARs 13 to 13
Practice profile
derived from the filing of Jan 25, 2022; every figure names its basis
RAUM per advisor
$49.6MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
91derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.9MderivedHNW RAUM over HNW clients
Average account
$189,104derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.5derivedItem 5.A over advisors
Advisors per office
3.3derived4 offices incl. principal (1.F.5)
RAUM growth, one year
+80%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+46%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individualsreportedItem 5.G
Financial planning clients
500reportedItem 5.H
Custody
$120M, 620 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
  • 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)
  • marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Individuals$408M63%
  • High-net-worth individuals$237M37%
Individual clients
1,057reported
HNW clients
126reported
Pension plan clients
0reported
Charitable clients
0reported
Accounts
3,407reported
Financial planning clients
500reported
Wrap fee programs
noreported
Custody of client assets
$120M for 620 clientsreported
Compensation
% of AUM, fixedreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
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
    • Thomas John Hagensen · Managing Membercontrol
      since 06/2014 · owns 75% or more
    • Lee Christopher Payne · Chief Compliance Officercontrol
      since 08/2018 · owns less than 5%
    Related persons
    Schedule D 7.A
    • Keystone Law Firm & Wealth Partners
      n
    • Keystone Tax
      insurancey
    • Kwp Estate Planning, LLC
      n
    Offices
    Schedule D 1.F, the 25 largest
    • Bismarck, ND7 employees
    • Phoenix, AZ1 employees
    • West Fargo, ND1 employees
    What changed
    consecutive filings, newest first
    • Accounts · 2,520 to 3,407
      Aug 25, 2021 to Jan 24, 2022
    • Advisory employees · 15 to 13
      Aug 25, 2021 to Jan 24, 2022
    • Advisory activities · 3 to 2
      Aug 25, 2021 to Jan 24, 2022
    • HNW clients · 100 to 126
      Aug 25, 2021 to Jan 24, 2022
    • Individual clients · 824 to 1,057
      Aug 25, 2021 to Jan 24, 2022
    • Assets in custody · unset to 120082446.0
      Aug 25, 2021 to Jan 24, 2022
    • Custody of client assets · false to true
      Aug 25, 2021 to Jan 24, 2022
    • Employees · 27 to 32
      Aug 25, 2021 to Jan 24, 2022
    • Discretionary RAUM · $454M to $644M
      Aug 25, 2021 to Jan 24, 2022
    • HNW RAUM · $169M to $237M
      Aug 25, 2021 to Jan 24, 2022
    • Individual RAUM · $285M to $408M
      Aug 25, 2021 to Jan 24, 2022
    • RAUM · $454M to $644M
      Aug 25, 2021 to Jan 24, 2022
    • Accounts · 2,367 to 2,520
      Apr 27, 2021 to Aug 25, 2021
    • HNW clients · 151 to 100
      Apr 27, 2021 to Aug 25, 2021
    • Individual clients · 730 to 824
      Apr 27, 2021 to Aug 25, 2021
    • Discretionary RAUM · $404M to $454M
      Apr 27, 2021 to Aug 25, 2021
    • HNW RAUM · $83.9M to $169M
      Apr 27, 2021 to Aug 25, 2021
    • Individual RAUM · $320M to $285M
      Apr 27, 2021 to Aug 25, 2021
    • RAUM · $404M to $454M
      Apr 27, 2021 to Aug 25, 2021
    • Accounts · 2,267 to 2,367
      Feb 12, 2021 to Apr 27, 2021
    • HNW clients · 76 to 151
      Feb 12, 2021 to Apr 27, 2021
    • Individual clients · 736 to 730
      Feb 12, 2021 to Apr 27, 2021
    • Employees · 25 to 27
      Feb 12, 2021 to Apr 27, 2021
    • Discretionary RAUM · $357M to $404M
      Feb 12, 2021 to Apr 27, 2021
    • HNW RAUM · $122M to $83.9M
      Feb 12, 2021 to Apr 27, 2021
    • Individual RAUM · $236M to $320M
      Feb 12, 2021 to Apr 27, 2021
    • RAUM · $357M to $404M
      Feb 12, 2021 to Apr 27, 2021
    • Accounts · 1,741 to 2,267
      Nov 18, 2020 to Feb 12, 2021
    • Advisory employees · 16 to 15
      Nov 18, 2020 to Feb 12, 2021
    • HNW clients · 57 to 76
      Nov 18, 2020 to Feb 12, 2021
    • Individual clients · 607 to 736
      Nov 18, 2020 to Feb 12, 2021
    • Pension plan clients · 2 to 0
      Nov 18, 2020 to Feb 12, 2021
    • Employees · 22 to 25
      Nov 18, 2020 to Feb 12, 2021
    • State-registered IARs · 11 to 13
      Nov 18, 2020 to Feb 12, 2021
    • Other offices · 2 to 3
      Nov 18, 2020 to Feb 12, 2021
    • Discretionary RAUM · $277M to $357M
      Nov 18, 2020 to Feb 12, 2021
    • HNW RAUM · $93.8M to $122M
      Nov 18, 2020 to Feb 12, 2021
    • Individual RAUM · $180M to $236M
      Nov 18, 2020 to Feb 12, 2021
    • Pension RAUM · $3.0M to $0
      Nov 18, 2020 to Feb 12, 2021
    • RAUM · $277M to $357M
      Nov 18, 2020 to Feb 12, 2021
    Signals
    19 dated events
    • Carlton Johnson Weber left Keystone Wealth Partners Llc for Creative Planning (registered 2022-05-03)
      Jun 29, 2022 · Advisor changed firm · fact
    • Nicholas Christopher Lombardozzi left Keystone Wealth Partners Llc for Creative Planning (registered 2022-05-05)
      Jun 29, 2022 · Advisor changed firm · fact
    • Perry John Dufresne left Keystone Wealth Partners Llc for Creative Planning (registered 2022-05-03)
      Jun 29, 2022 · Advisor changed firm · fact
    • John Michael Mayer left Keystone Wealth Partners Llc for Creative Planning (registered 2026-01-02)
      Jun 29, 2022 · Advisor changed firm · fact
    • Austin Joseph Mcdonough left Keystone Wealth Partners Llc for Creative Planning (registered 2023-04-10)
      Jun 29, 2022 · Advisor changed firm · fact
    • Daniel Andrew Applegate left Keystone Wealth Partners Llc for Creative Planning (registered 2022-06-08)
      Jun 29, 2022 · Advisor changed firm · fact
    • Cole Travis Beckwith left Keystone Wealth Partners Llc for Creative Planning (registered 2022-06-17)
      Jun 29, 2022 · Advisor changed firm · fact
    • Kent Richard Anderson left Keystone Wealth Partners Llc for Creative Planning (registered 2022-03-28)
      Jun 29, 2022 · Advisor changed firm · fact
    • Chad Michael Fletcher left Keystone Wealth Partners Llc for Creative Planning (registered 2022-04-19)
      Jun 29, 2022 · Advisor changed firm · fact
    • Daniel Lee Pallesen left Keystone Wealth Partners Llc for Creative Planning (registered 2022-05-03)
      Jun 29, 2022 · Advisor changed firm · fact
    • Aaron Michael Coates left Keystone Wealth Partners Llc for Creative Planning (registered 2022-05-03)
      Jun 29, 2022 · Advisor changed firm · fact
    • Francisco Paul Sirvent left Keystone Wealth Partners Llc for Lifestyle Planning, Llc (registered 2022-09-26)
      Jun 29, 2022 · Advisor changed firm · fact
    • Lawrence Wilton Warren left Keystone Wealth Partners Llc for Creative Planning (registered 2022-03-28)
      Jun 29, 2022 · Advisor changed firm · fact
    • Kenneth Edward Gatliff left Keystone Wealth Partners Llc for Creative Planning (registered 2022-05-10)
      Jun 29, 2022 · Advisor changed firm · fact
    • Keystone Wealth Partners LLC's advisors moved to Creative Planning (Chandler, AZ): 11 of 14 registered, on the same day
      Jun 29, 2022 · Firm absorbed (people side) · derived
    • 2 advisors left Keystone Wealth Partners LLC (Bismarck, ND) for Creative Planning on the same day
      Jun 29, 2022 · Team lift-out · derived
    • Kacie Lynn Schulz left Keystone Wealth Partners Llc for Fortify Financial Group, Llc (registered 2022-07-19)
      Mar 11, 2022 · Advisor changed firm · fact
    • Keystone Wealth Partners Llc reported RAUM $644.3M, up 42% from $453.6M (2021-08-25 to 2022-01-24)
      Jan 24, 2022 · RAUM change · derived
    • Keystone Wealth Partners Llc filed its initial SEC registration (Form ADV)
      May 4, 2018 · 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.
    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
    Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    n/aderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026