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•••••• M••••••• W••••• M••••••••• L••

Independent wealth managerSalem, OregonCRD 292600SEC 801-112770websiteIAPD
Latest filing Jul 8, 2026
First filing on the tape Mar 5, 2018 · 35 filings
SEC status approved since Apr 4, 2018
RAUM
$922M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
87%
$798M individuals and HNW
Advisors
8
registered through the firm on IAPD
RAUM per advisor
$115M
derived; firm RAUM over IAPD count
Employees
11
6 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
35 filings and snapshots on the tape
RAUM$922M as of Jul 8, 2026
Feb 28, 2019$415M then
HNW client RAUM$594M as of Jul 8, 2026
Feb 28, 2019$253M then
State-registered IARs (5.B.3)6 as of Jul 8, 2026
Feb 28, 20194 then
Employees (5.A)11 as of Jul 8, 2026
Feb 28, 20194 then
Private funds: no history
RAUM +13% over the last fiscal year+13% a year over threeIARs 6 to 6
Practice profile
derived from the filing of Jul 8, 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
  • 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
$115MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
96derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.3MderivedHNW RAUM over HNW clients
Average account
$442,394derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
2.8%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.4derivedItem 5.A over advisors
Advisors per office
8.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+13%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+1.7%derived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisersreportedItem 5.G
Financial planning clients
1,000reportedItem 5.H
Wrap fee program
$898MreportedItem 5.I
Custody
$767M, 305 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)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$594M64%
  • Individuals$204M22%
  • Corporations and businesses$98.0M11%
  • Charitable organizations$19.5M2.1%
  • Pension and profit-sharing plans$6.2M0.7%
Individual clients
588reported
HNW clients
178reported
Pension plan clients
5reported
Charitable clients
12reported
Accounts
2,083reported
Financial planning clients
1,000reported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
$767M for 305 clientsreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.87 fund_share=0.0 institutional_share=0.03 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
8 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
J••• K• B•••••Salem, OrApr 6, 201824 y3
L•••• K•••• K••••••Certified Financial PlannerSalem, OrApr 6, 201842 y3
S•••••••• A••• S••••Salem, OrApr 6, 201813 y1
M•••••• A••••• M•••••••Salem, OrApr 6, 201829 y3
A••••• M•••• S••••Salem, OrApr 6, 201813 y1
J••••• M•••••• M••••••Certified Financial PlannerSalem, OrMar 10, 202216 y0
M•• J••••• E•••••Certified Financial PlannerSalem, OrJul 9, 202415 y3
K••• P•••••Salem, OrJun 26, 202510 y0
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
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • B•••••• J•••• K• · Partner/Membercontrol
    since 01/2012 · owns 25% to 50%
  • M•••••••• M••••••• A••••• · Managing Partner/Membercontrol
    since 01/2021 · owns 25% to 50%
  • K••••••• L••••• K•••• · Partner/Member
    since 01/2012 · owns 10% to 25%
  • S••••• A•••••• M•••• · Chief Compliance Officer, Partner, Coo
    since 01/2022 · owns less than 5%
  • S••••• S••••••••• A••• · Partner/Member
    since 01/2019 · 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
OfficeAdvisorsJoinedLeftTeams outForming
Salem, Or · principal800
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 1,992 to 2,083
    Mar 21, 2025 to Mar 23, 2026
  • Charity clients · 10 to 12
    Mar 21, 2025 to Mar 23, 2026
  • Corporate clients · 32 to 33
    Mar 21, 2025 to Mar 23, 2026
  • HNW clients · 169 to 178
    Mar 21, 2025 to Mar 23, 2026
  • Individual clients · 584 to 588
    Mar 21, 2025 to Mar 23, 2026
  • Pension plan clients · 6 to 5
    Mar 21, 2025 to Mar 23, 2026
  • Discretionary RAUM · $813M to $922M
    Mar 21, 2025 to Mar 23, 2026
  • HNW RAUM · $520M to $594M
    Mar 21, 2025 to Mar 23, 2026
  • Individual RAUM · $183M to $204M
    Mar 21, 2025 to Mar 23, 2026
  • Pension RAUM · $5.6M to $6.2M
    Mar 21, 2025 to Mar 23, 2026
  • RAUM · $813M to $922M
    Mar 21, 2025 to Mar 23, 2026
  • Accounts · 1,862 to 1,992
    Dec 3, 2024 to Mar 21, 2025
  • Charity clients · 8 to 10
    Dec 3, 2024 to Mar 21, 2025
  • Corporate clients · 30 to 32
    Dec 3, 2024 to Mar 21, 2025
  • HNW clients · 158 to 169
    Dec 3, 2024 to Mar 21, 2025
  • Individual clients · 550 to 584
    Dec 3, 2024 to Mar 21, 2025
  • Assets in custody · $460M to $767M
    Dec 3, 2024 to Mar 21, 2025
  • Financial planning clients · More than 500 to More than 500
    Dec 3, 2024 to Mar 21, 2025
  • Discretionary RAUM · $724M to $813M
    Dec 3, 2024 to Mar 21, 2025
  • HNW RAUM · $463M to $520M
    Dec 3, 2024 to Mar 21, 2025
  • Individual RAUM · $164M to $183M
    Dec 3, 2024 to Mar 21, 2025
  • Pension RAUM · $5.8M to $5.6M
    Dec 3, 2024 to Mar 21, 2025
  • RAUM · $724M to $813M
    Dec 3, 2024 to Mar 21, 2025
  • Assets in custody · unset to 459913792.0
    Aug 21, 2024 to Sep 23, 2024
  • Custody of client assets · false to true
    Aug 21, 2024 to Sep 23, 2024
  • Advisory employees · 5 to 6
    May 6, 2024 to Aug 6, 2024
  • Employees · 5 to 11
    May 6, 2024 to Aug 6, 2024
  • State-registered IARs · 5 to 6
    May 6, 2024 to Aug 6, 2024
  • Accounts · 1,804 to 1,862
    Mar 31, 2023 to Mar 27, 2024
  • HNW clients · 47 to 158
    Mar 31, 2023 to Mar 27, 2024
  • Individual clients · 638 to 550
    Mar 31, 2023 to Mar 27, 2024
  • Pension plan clients · 5 to 6
    Mar 31, 2023 to Mar 27, 2024
  • Financial planning clients · 251-500 to More than 500
    Mar 31, 2023 to Mar 27, 2024
  • Discretionary RAUM · $634M to $724M
    Mar 31, 2023 to Mar 27, 2024
  • HNW RAUM · $185M to $463M
    Mar 31, 2023 to Mar 27, 2024
  • Individual RAUM · $337M to $164M
    Mar 31, 2023 to Mar 27, 2024
  • Pension RAUM · $6.0M to $5.8M
    Mar 31, 2023 to Mar 27, 2024
  • RAUM · $634M to $724M
    Mar 31, 2023 to Mar 27, 2024
  • Wrap assets (manager) · $70.5M to $0
    Mar 31, 2023 to Mar 27, 2024
  • Accounts · 1,724 to 1,804
    Nov 28, 2022 to Mar 31, 2023
Signals
1 dated events
  • K•••••• M••••••• W••••• M••••••••• L•• filed its initial SEC registration (Form ADV)
    Mar 5, 2018 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
How to reach
public business contact points only, each with its source
Business phone
971-209-4502reportedpublished by the firm, firm site, Sep 15, 2026
Business phone
971-209-4500reportedpublished by the firm, firm site, Sep 15, 2026
Business phone
971-209-4501reportedpublished by the firm, firm site, Sep 15, 2026
Website
keudellmorrisonwm.comreportedpublic record, Form ADV, Sep 18, 2026
Principal office phone
(971) 209-4500reportedpublic record, Form ADV, Jul 8, 2026
Contact form
keudellmorrisonwm.com/contact-us.htmreportedpublished by the firm, firm site, Sep 15, 2026
Team page
keudellmorrisonwm.com/team.htmreportedpublished by the firm, firm site, Sep 15, 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
$115Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026