CRD: 153418
Keystone Wealth Advisors, Incorporated
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Request a Free TrialFirm Details
- Custodian
- Charles Schwab & Company
- Clients
- Retail
- Platforms
- --
- Established Date
- 04-30-2010
- Office Locations
- 2
Office Locations
About Keystone Wealth Advisors, Incorporated
Keystone Wealth Advisors is a Minneapolis-based RIA serving a small roster of high-net-worth families and business owners as a “Family CFO.” The team brings 50+ years of accounting, investment, and tax planning experience, helping clients navigate complex portfolio, estate, and tax decisions. Portfolios commonly use ETFs, mutual funds, and fixed income; custody includes Schwab. $1M minimum.
Reported data analysis
What the numbers show
Between November 14, 2025 and June 11, 2026, reported AUM increased 5.2%, from $191.4M to $201.4M.
Across 5 reported observations, AUM increased 61.1% between June 13, 2022 and June 11, 2026, from $125.0M to $201.4M.
Of the latest reported AUM, 0.0% is discretionary and 100.0% is non-discretionary.
The firm reports 3 advisory representatives and 66 clients, or 22 clients per representative. That equates to $3.1M in reported AUM per client.
The profile lists 2 reported office locations and 16 years in operation. The source data was last updated on June 11, 2026. Figures reflect reported regulatory data and may not include subsequent changes.
Team overview
Additional firm insights
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Available data coverage
- Asset Classes
- Client Personas
- Custodian
- Investment Themes
- Investment Vehicles
- Services
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The full Keystone Wealth Advisors, Incorporated record includes the detailed values behind these data categories, along with filters and export-ready prospecting fields.
Owner & Executives
STEVEN DOUGLAS CARLSON
Chief Compliance Officer, Chief Executive Officer, Managing Partner
- CRD
- #2816493
- Ownership
- 50% but less than 75%
BERTHEL ANDREW OLSEN III
Owner, President
- CRD
- #2954239
- Ownership
- 50% but less than 75%
Showing 2 of 2 owners & executives
Unlock allContacts
Angela Marie Mattson
Investment Advisor Representative
- CRD
- #7853901
Showing 1 of 3 contacts
Unlock allAssets Under Management
| Category | Assets | AVG. Account size |
|---|---|---|
| Discretionary | $0 | -- |
| Non-Discretionary | $201,352,666 | $3,050,798 |
| Total | $201,352,666 | $3,050,798 |
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Separately Managed Accounts
SMA allocation detail is available
Keystone Wealth Advisors, Incorporated has reported separately managed account data across 6 asset classes. AdvizorPro provides the associated asset values, allocation percentages, and exportable breakdown.