Wealth manager, independent · Springfield, IL
KEB Wealth Advisors
KEB Asset Management, LLC · SEC-registered investment adviser · CRD 117935 · SEC 801-62965
At a glance
KEB Wealth Advisors is an SEC-registered investment adviser based in Springfield, Illinois, with $1.3B in regulatory assets under management as of its Form ADV filed January 29, 2026. It reports 662 individual clients, 344 of them high-net-worth, holding an average of about $1.9 million each, and 17 employees. That ranks it 865th among the nation’s 5,657 independent wealth management RIAs and 35th of 226 in Illinois. It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Fidelity.
Main office 217-789-0960kebcpa.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.3B
- Rank among independent wealth managers
- #865 of 5,657
- Rank among all SEC RIAs
- #4,698 of 17,210
- Rank in Illinois
- #35 of 226
- Individual clients
- 662
- High-net-worth clients
- 344
- Accounts
- 2,381
- Discretionary
- 94% of AUM
- Employees
- 17
- Advisory staff
- 13
- Offices
- 2
Owners and executives on its Form ADV
- Jonathan M. CarterMember
- Steven M. DumstorffMember
- Justin P. MasonManaging Member / Chief Compliance Officer
Custody and brokerage
Broker-dealer
No broker-dealer ties
KEB Wealth Advisors reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 344 | $1.2B | 90% |
| Individuals | 318 | $93M | 7% |
| Corporations or other businesses | 11 | $23M | 2% |
| Pension and profit sharing plans | 21 | $7M | <1% |
| Charitable organizations | 2 | $1M | <1% |
Disciplinary disclosures
KEB Wealth Advisors reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Hourly charges
Form ADV and brochures on the SEC’s adviser search ↗kebcpa.com ↗
AtlasMembers
The full record on KEB Wealth Advisors
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 2,885 peers of its type and size
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- Owners and executives, with titles and stakes
- 3 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
- 1Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Illinois
All of Illinois →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Mediqus Asset Advisors, Inc.Chicago | $1.5B | 711 |
| Fourstar Wealth Advisors, LLCChicago | $1.4B | 1,753 |
| The Planning Center, Inc.Moline | $1.4B | 895 |
| Chicago Oakbrook Financial GroupOak Brook | $1.2B | 1,336 |
| Sikich FinancialSpringfield | $1.2B | 1,124 |
| Evergreen WealthSpringfield | $1.2B | 573 |
Background
Questions
How much does KEB Wealth Advisors manage?
KEB Wealth Advisors reports $1.3B in regulatory assets under management across 2,381 accounts, 94% of it on a discretionary basis, on its Form ADV filed January 29, 2026.
How many clients does KEB Wealth Advisors have?
It reports 662 individual clients: 344 high-net-worth individuals and 318 other individuals. Individuals account for about 98% of its regulatory assets.
Where is KEB Wealth Advisors headquartered?
Its main office is in Springfield, Illinois. It reports 2 offices in total and 17 employees, 13 of whom perform investment advisory functions.
How does KEB Wealth Advisors charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does KEB Wealth Advisors use?
It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Fidelity. On Schedule D of its Form ADV filed January 29, 2026, it reports these amounts held: Charles Schwab ($876M); Fidelity ($380M). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is KEB Wealth Advisors a hybrid RIA with a broker-dealer?
KEB Wealth Advisors reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is KEB Wealth Advisors a fiduciary?
As an SEC-registered investment adviser, KEB Wealth Advisors owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is KEB Wealth Advisors’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-01-29), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →