Keystone Financial Advisory, LLC fees and pricing

Published fees

Quoted from the firm's Form ADV Part 2A brochure, filed February 2, 2026. Fees can change, so confirm with the firm before you hire them.

Hourly rate

$180/hr

“The fees for these services will be charged on an hourly basis at $180 per hour not to exceed an annual fee of 3% of the assets being advised.”

Read the full brochure (PDF) (opens in new tab)SEC adviser record (opens in new tab)

How Keystone Financial Advisory, LLC bills

Payment and refund terms, quoted from the fee section of the brochure.

• “Fees are billed monthly in arrears based on the number of hours of service provided by KFA for that month.”
• “The fees must be paid within ten (10) days following the conclusion of the calendar month for which the account is billed.”
• “Clients may terminate their account within five (5) business days of signing the Investment Advisory Agreement for a full refund.”

How Keystone Financial Advisory, LLC’s fees compare

• Its hourly rate of $180 is below the Indiana median of $250. 19% of the 119 other Indiana planners that publish an hourly rate charge less.
• 1 of the 8 other planners in Carmel that publish an hourly rate charge less.

About Keystone Financial Advisory, LLC

• Principal: Elwyn V. Hopkins
• Solo practice: one person runs the firm, so you work directly with the planner.
• Credentials named in the brochure: ChFC®.
• Registered as an adviser: 2013 (13 years).

Planning areas mentioned in the brochure

• Retirement planning
• Tax planning
• College planning
• Insurance analysis
• Cash flow and budgeting

Firm details from Form ADV

How the firm is paid

Hourly fees, percentage of assets under management

Charges a % of assets

Yes

Highest asset based fee in brochure

3% a year

Employees

1

Services reported to regulators

Financial planning and portfolio management for individuals and small businesses

Registered with

State securities regulators

Disciplinary disclosures

None reported

SEC CRD number

167618

Phone

(317) 441-6506

Other planners in Carmel that publish fees

• Catalyze Wealth ManagementCarmel$4,800⁠-⁠$15,000/yr
• Circle City Wealth Management LLCCarmel$500⁠-⁠$5,000
• Fortitude Private WealthCarmel$300/hr, $3,000⁠-⁠$10,000
• Fortress Capital AdvisorsCarmel$7,500⁠-⁠$15,000/yr
• Integrated Investment Strategies,inc.Carmel$3,500/yr
• Kiel Investment CompanyCarmel$150/hr

Compare all 27 planners in Carmel