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••••• M•••••••••

Independent wealth managerWaterloo, IowaCRD 304133SEC 801-134233websiteIAPD
Legal name K••••••• W••••• M••••••••• I•••
Latest filing Jun 5, 2026
First filing on the tape Apr 23, 2024 · 5 filings
SEC status approved since Sep 30, 2025
RAUM
$137M
reported, Item 5.F
Discretionary
88%
of RAUM
Private clients
88%
$120M individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$137M
derived; firm RAUM over IAPD count
Employees
2
1 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
5 filings and snapshots on the tape
RAUM$137M as of Jun 5, 2026
Sep 18, 2025$130M then
HNW client RAUM$73.6M as of Jun 5, 2026
Sep 18, 2025$64.1M then
State-registered IARs (5.B.3)1 as of Jun 5, 2026
Sep 18, 20251 then
Employees (5.A)2 as of Jun 5, 2026
Sep 18, 20252 then
Private funds: no history
RAUM n/a over the last fiscal year
Practice profile
derived from the filing of Jun 5, 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
  • Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
RAUM per advisor
$137MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
207derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.7MderivedHNW RAUM over HNW clients
Average account
$257,764derivedRAUM over accounts (5.F.2.f)
Discretionary
88%derivedof RAUM
Institutional
12%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
2.0derivedItem 5.A over advisors
Advisors per office
0.5derived2 offices incl. principal (1.F.5)
RAUM growth, one year
unknownderivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, pension consultingreportedItem 5.G
Custody
$7.2M, 9 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$73.6M54%
  • Individuals$46.8M34%
  • Pension and profit-sharing plans$17.0M12%
Individual clients
164reported
HNW clients
43reported
Pension plan clients
5reported
Charitable clients
n/areported
Accounts
533reported
Financial planning clients
11-25reported
Wrap fee programs
noreported
Custody of client assets
$7.2M for 9 clientsreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.88 fund_share=0.0 institutional_share=0.12 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
D•••• M•••••• B•••••Waterloo, IaJun 4, 201928 y2
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
none on the tape
    Joined, latest
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • B•••••• D••••• M•••••• · Chief Compliance Officercontrol
      since 05/2019 · owns 75% or more
    Related persons
    Schedule D 7.A
    No related person reported.
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 545 to 533
      Jan 2, 2026 to Feb 17, 2026
    • HNW clients · 34 to 43
      Jan 2, 2026 to Feb 17, 2026
    • Individual clients · 177 to 164
      Jan 2, 2026 to Feb 17, 2026
    • Assets in custody · unset to 7233911.0
      Jan 2, 2026 to Feb 17, 2026
    • Custody of client assets · false to true
      Jan 2, 2026 to Feb 17, 2026
    • Financial planning clients · 1-10 to 11-25
      Jan 2, 2026 to Feb 17, 2026
    • Other offices · 0 to 1
      Jan 2, 2026 to Feb 17, 2026
    • Discretionary RAUM · $114M to $120M
      Jan 2, 2026 to Feb 17, 2026
    • HNW RAUM · $64.1M to $73.6M
      Jan 2, 2026 to Feb 17, 2026
    • Individual RAUM · $50.1M to $46.8M
      Jan 2, 2026 to Feb 17, 2026
    • Non-discretionary RAUM · $15.9M to $17.0M
      Jan 2, 2026 to Feb 17, 2026
    • Pension RAUM · $15.9M to $17.0M
      Jan 2, 2026 to Feb 17, 2026
    • RAUM · $130M to $137M
      Jan 2, 2026 to Feb 17, 2026
    • Accounts · 565 to 545
      Apr 23, 2024 to Sep 18, 2025
    • Business name · K••••••• W••••• M••••••••• I••• to K••••••• W••••• M•••••••••
      Apr 23, 2024 to Sep 18, 2025
    • Charity clients · 0.0 to unset
      Apr 23, 2024 to Sep 18, 2025
    • Corporate clients · 0.0 to unset
      Apr 23, 2024 to Sep 18, 2025
    • HNW clients · 28 to 34
      Apr 23, 2024 to Sep 18, 2025
    • Individual clients · 179 to 177
      Apr 23, 2024 to Sep 18, 2025
    • Pooled vehicle clients · 0.0 to unset
      Apr 23, 2024 to Sep 18, 2025
    • Financial planning clients · 1-10 to 1-10
      Apr 23, 2024 to Sep 18, 2025
    • Discretionary RAUM · $87.6M to $114M
      Apr 23, 2024 to Sep 18, 2025
    • HNW RAUM · $42.3M to $64.1M
      Apr 23, 2024 to Sep 18, 2025
    • Individual RAUM · $46.9M to $50.1M
      Apr 23, 2024 to Sep 18, 2025
    • Non-discretionary RAUM · $16.5M to $15.9M
      Apr 23, 2024 to Sep 18, 2025
    • Pension RAUM · $14.9M to $15.9M
      Apr 23, 2024 to Sep 18, 2025
    • Pooled vehicle RAUM · 0.0 to unset
      Apr 23, 2024 to Sep 18, 2025
    • RAUM · $104M to $130M
      Apr 23, 2024 to Sep 18, 2025
    Signals
    1 dated events
    • K••••••• W••••• M••••••••• I••• filed its initial SEC registration (Form ADV)
      Apr 23, 2024 · 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
    319-883-3096reportedpublished by the firm, firm site, Sep 16, 2026
    Website
    keystonewealth.comreportedpublic record, Form ADV, Sep 18, 2026
    Principal office phone
    (319) 883-3096reportedpublic record, Form ADV, Jun 5, 2026
    Team page
    keystonewealth.com/team-member-01/dave-beckerreportedpublished 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
    $137Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026