Description of Firm
Keystone Financial Group, Inc. is a registered investment adviser based in Atlanta, Georgia. We are
organized as a corporation under the laws of the State of Georgia. We have been providing investment
advisory services since July 1999. We are owned by Rhonda Gilbert, Thomas Savage, Gary Fortier,
and Andrew Gilbert.
The following paragraphs describe our services and fees. Refer to the description of each investment
advisory service listed below for information on how we tailor our advisory services to your individual
needs. As used in this brochure, the words "we," "our," and "us" refer to Keystone Financial Group,
Inc. and the words "you," "your," and "client" refer to you as either a client or prospective client of our
firm.
Portfolio Management Services
We offer discretionary portfolio management services. Our investment advice is tailored to meet our
clients' needs and investment objectives. If you participate in our discretionary portfolio management
services, we require you to grant our firm discretionary authority to manage your account.
Discretionary authorization will allow us to determine the specific securities, and the amount of
securities, to be purchased or sold for your account without your approval prior to each transaction.
Discretionary authority is typically granted by the investment advisory agreement you sign with our firm
and the appropriate trading authorization forms.
You may limit our discretionary authority (for example, limiting the types of securities that can be
purchased or sold for your account) by providing our firm with your restrictions and guidelines in
writing.
We also offer non-discretionary portfolio management services. If you enter into non-discretionary
arrangements with our firm, we must obtain your approval prior to executing any transactions on behalf
of your account. You have an unrestricted right to decline to implement any advice provided by our firm
on a non-discretionary basis.
As part of our portfolio management services, in addition to other types of investments (see
disclosures below in this section), we may invest your assets according to one or more
model portfolios developed by our firm. These models are designed for investors with varying degrees
of risk tolerance ranging from a more aggressive investment strategy to a more conservative
investment approach. Clients whose assets are invested in model portfolios may not set restrictions on
the specific holdings or allocations within the model, nor the types of securities that can be purchased
in the model. Nonetheless, clients may impose restrictions on investing in certain securities or types of
securities in their account. In such cases, this may prevent a client from investing in certain models
that are managed by our firm.
We offer comprehensive financial planning services at no additional cost for clients who utilize our
portfolio management services.
Financial Planning and Consulting Services
Keystone Financial Group offers financial planning and consulting services which typically involve providing
a variety of advisory services to clients regarding the management of their financial resources based upon
an analysis of their individual needs on an ongoing or periodic basis. These services typically involve a
variety of advisory services regarding the management of the client's financial resources based upon an
analysis of their individual needs and includes but is not limited to: asset allocation, financial planning, trust
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and estate planning, tax planning, retirement planning, philanthropic planning, income/cash flow analysis,
budget analysis, 401k plan review, business owner services, and insurance and risk management.
If you retain our firm for financial planning and consulting services, we will meet with you to gather
information about your financial circumstances and objectives. As required, we will conduct follow-up
interviews for the purpose of reviewing and/or collecting additional financial data. Once such information
has been reviewed and analyzed, we will provide you with our financial planning recommendations
designed to help you achieve your stated financial goals and objectives.
Financial planning recommendations are based on your financial situation at the time we provide our
recommendations, and on the financial information you provide to our firm. You have the right to
accept or reject our financial planning recommendations, and you may choose any firm to assist you
with implementing our recommendations. While we endeavor at all times to offer our clients specialized
services at reasonable costs, the fees charged by other
advisers for comparable services may be
lower than the fees charged by our firm.
Pension Consulting Services
We offer pension consulting services to employee benefit plans and their fiduciaries based upon the
needs of the plan and the services requested by the plan sponsor or named fiduciary. In general, these
services may include an existing plan review and analysis, plan-level advice regarding fund selection
and investment options, education services to plan participants, participant enrollment meetings,
assistance in developing an investment policy statement for the plan, investment performance
monitoring, and/or ongoing consulting. The specific services to be performed will be included in a
written services agreement. The provided pension consulting services are non-discretionary and
advisory in nature. The ultimate decision to act on behalf of the plan shall remain with the plan sponsor
or other named fiduciary.
Our educational seminars may include other investment-related topics specific to the particular plan.
We may also provide additional types of pension consulting services to plans on an individually
negotiated basis. All services, whether discussed above or customized for the plan based upon
requirements from the plan fiduciaries (which may include additional plan-level or participant-level
services) shall be detailed in a written agreement and be consistent with the parameters set forth in the
plan documents.
Either party to the pension consulting agreement may terminate the agreement upon written notice to
the other party in accordance with the terms of the agreement for services. The pension consulting
fees will be prorated for the quarter in which the termination notice is given and any unearned fees will
be refunded to the client.
Wrap Fee Program
We do not participate in or sponsor a wrap fee program.
Types of Investments
We primarily offer advice on exchange traded funds ("ETFs") and mutual funds. Additionally, we will
advise you on various types of investments based on your stated goals and objectives. We will also
provide advice on any type of investment held in your portfolio at the inception of our advisory
relationship. Refer to the Methods of Analysis, Investment Strategies and Risk of Loss below for
additional disclosures on this topic.
Since our investment strategies and advice are based on each client's specific financial situation, the
investment advice we provide to you may be different or conflicting with the advice we give to other
clients regarding the same security or investment.
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IRA Rollover Recommendations
Effective December 20, 2021 (or such later date as the US Department of Labor ("DOL") Field
Assistance Bulletin 2018-02 ceases to be in effect), for purposes of complying with the DOL's
Prohibited Transaction Exemption 2020-02 ("PTE 2020-02") where applicable, we are providing the
following acknowledgment to you.
When we provide investment advice to you regarding your retirement plan account or individual
retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement Income
Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement
accounts. The way we make money creates some conflicts with your interests, so we operate under a
special rule that requires us to act in your best interest and not put our interest ahead of yours. Under
this special rule's provisions, we must:
• Meet a professional standard of care when making investment recommendations (give
prudent advice);
• Never put our financial interests ahead of yours when making recommendations (give loyal
advice);
• Avoid misleading statements about conflicts of interest, fees, and investments;
• Follow policies and procedures designed to ensure that we give advice that is in your best
interest;
• Charge no more than is reasonable for our services; and
• Give you basic information about conflicts of interest.
We benefit financially from the rollover of your assets from a retirement account to an account that we
manage or provide investment advice, because the assets increase our assets under management
and, in turn, our advisory fees. As a fiduciary, we only recommend a rollover when we believe it is in
your best interest.
Assets Under Management
As of December 31, 2022, we provide continuous management services for $133,027,998 in client
assets on a discretionary basis, and $173,502 in client assets on a non-discretionary basis. We also
manage $44,142,297 in client assets on a non-continuous basis.