No commissions, no ads, no advice. This Key Private Bank profile draws only on public records, each linked so you can confirm it yourself.

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The short answer: is Key Private Bank a fiduciary?

It depends on your account: Key Private Bank is a fiduciary in its advisory programs, and follows the Regulation Best Interest standard as a broker. Publicly, it files with the SEC as Key Investment Services (CRD #136300). According to its latest Form ADV (filed June 30, 2026), the firm reported $8.9 billion in regulatory assets under management across 34,920 client accounts. Its Form ADV (Item 5.E) lists how it is paid: a share of assets under management. Every line here traces to a public filing you can pull yourself in a few minutes.

Key Private Bank is a dual registrant, so the standard of care changes with the type of account you hold. In its advisory programs it acts as an investment adviser with a fiduciary duty. In brokerage accounts it acts as a broker-dealer under Regulation Best Interest (a best-interest obligation at the time of a recommendation, not a continuous fiduciary relationship). Our view: if you hold both kinds of account at Key, ask your advisor to name the standard on each one in writing, then match the answer to the firm's Form CRS. Get started with Truthifi

What "fiduciary" means: a fiduciary is legally bound to place a client's interests above its own. (More on fiduciary duty)

Key Private Bank at a glance

✅ Verified from public filings, last checked October 5, 2026. Key Private Bank (SEC CRD #136300) is a fiduciary in its advisory programs, on a fee-based basis, with $8.9 billion in regulatory assets under management. Every figure below links to its primary source.

What	Key Private Bank	Source
SEC CRD	#136300	IAPD
Registration	Investment adviser and broker-dealer (dual registrant)	IAPD
Registered since	January 3, 2006 (SEC)	IAPD
Fiduciary?	Yes in advisory programs, Reg BI in brokerage	SEC Reg BI
Fee model	Fee-based (commissions + advisory)	Form ADV Item 5.E
How it's paid	A percentage of assets under management	Form ADV Item 5.E
Regulatory Assets Under Management	$8.9 billion (Form ADV filed June 30, 2026)	IAPD
Client accounts	34,920 (0 discretionary)	IAPD
Employees	1,325 (360 in advisory roles)	IAPD
Ownership	Keybanc Capital Markets Inc.	Form ADV Schedule A
Disclosures	Disclosure items may appear (common at this size); type and date of each are listed on IAPD and BrokerCheck	IAPD
HQ	Brooklyn, OH	IAPD

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Key Private Bank fees: what you'll pay

Key Private Bank fees depend on the account type: commissions in a brokerage account, an asset-based fee in an advisory program. In a Key Investment Services brokerage account you typically pay commissions along with product costs such as mutual fund sales loads, markups and annuity commissions. An advisory program swaps per-trade commissions for an asset-based advisory fee, on top of whatever the underlying funds charge. Its Form ADV (Item 5.E) lists how it is paid: a percentage of assets under management. Because Key reports no discretionary accounts, an advisory fee here pays for advice and oversight, not for the firm placing trades on its own, so weigh the fee on that basis. Get started with Truthifi

Fee-based means your cost can come from either an advisory fee or commissions, depending on which account applies.

Who owns Key Private Bank, and what conflicts does it disclose?

According to Schedule A of its Form ADV, Key Private Bank is owned by Keybanc Capital Markets Inc. (Form ADV Schedule A)

Its Form ADV Part 2A describes the firm's conflicts of interest, including how it and its advisers are paid.

Key Private Bank SEC record: disclosures

Like most large firms, Key Private Bank's regulatory records may carry disclosure items. At that scale, the number of disclosures is not by itself a measure of wrongdoing or of the firm's quality. A higher disclosure count tends to reflect how many people are registered, not how badly anyone behaved, and a firm of Key's headcount sits in that larger group. If any item matters to you, read it on IAPD or BrokerCheck, in context, instead of relying on a secondhand summary.

On the record, the firm has been registered with the SEC since January 3, 2006, makes notice filings in 44 jurisdictions, and reports 1,325 employees in its Form ADV (2026), 360 of them (about 27%) in investment advisory roles. If you're asking "is Key Private Bank legit?", start with registration: a public CRD and filings anyone can pull. That confirms it's a real, regulated adviser. Fit for your own needs is a different matter entirely.

Reading Key Private Bank reviews against the public record

A star rating tells you how a relationship felt; Key's filings tell you what the firm reports to regulators. Before you weigh Key Private Bank reviews, check three things this profile takes from the public record. First, which account the reviewer held: Key's advisory and brokerage accounts carry different standards and different fees. Second, the ownership by Keybanc Capital Markets Inc. and the conflicts listed in Part 2A. Third, whether its Form ADV reports any disciplinary history. A review from a high-net-worth client and one from a smaller individual account may describe quite different service. Read reviews alongside the record, not instead of it.

How to verify Key Private Bank yourself

Here are three steps to confirm all of it:

1. Check the SEC adviser record (IAPD): https://adviserinfo.sec.gov/firm/summary/136300.
2. Read the filings (Form ADV / Form CRS): linked from the IAPD page.
3. Confirm the entity: match Key Private Bank (CRD #136300, legal name KEY INVESTMENT SERVICES LLC) so you're reading the right firm.

What Key Private Bank does and who it serves

On its Form ADV, Key Private Bank reports providing portfolio management for individuals and small businesses and selection of other advisers.

Its Form ADV (Item 5.D) breaks its client accounts down by type, 34,920 in all:

Client type	Client accounts	Assets managed
Individuals	33,369	$7 billion
High-net-worth individuals	1,140	$1.77 billion
Pension and profit-sharing plans	175	$14.3 million
Charities	100	$32.8 million
Corporations or other businesses	136	$55.3 million

The mix tells you who the firm is built for. Individuals make up about 96% of accounts and average roughly $210,000 each, while the 1,140 high-net-worth accounts average about $1.55 million. Together those two groups hold more than 98% of the $8.9 billion reported, so plans, charities and businesses are a small sideline here.

None of these accounts are discretionary, meaning you approve trades (Item 5.F). Its main office is in Brooklyn, OH.

It reports it does not take custody of client assets: your money is held by a separate qualified custodian (such as a major brokerage), not the firm itself. That separation is a basic safeguard you can confirm on its Form ADV. One practical upshot: the custodian's statements give you an independent record to check Key's own reports against.

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Vetting the firm is quick. Seeing your whole financial picture is the part that pays off.

Confirming Key Private Bank is registered takes a few minutes, but registration only covers the advisor's side. Because Key reports zero discretionary accounts, you sign off on each trade, and that decision is only as good as your view of everything you hold, including accounts kept outside Key. This is where Truthifi comes in.

How Truthifi can help

Truthifi links your accounts read-only and shows what you own, how it's allocated, how it's performing and where the risk sits, including single-stock exposure, returns next to a benchmark, a fee breakdown of the fees on each account, by type, and your Truthifi Score. You can share the accounts you choose with your advisor at Key Private Bank. Get started with Truthifi

Prefer your own AI? A paid Truthifi plan lets you connect an AI assistant that supports MCP sign-in, such as Claude. Truthifi Connect is the lighter membership for people who only want to use their own assistant. Questions about your fees need Monitoring or Monitoring Plus+. Get started with Truthifi · See how Truthifi keeps your accounts secure

Ask AI about your Key Private Bank accounts

Once your accounts are connected read-only, you can ask in plain English:

• "What do I own across my Key Private Bank accounts and everything else, and how is it allocated?"
• "What am I paying in fees across all of these accounts?"

Try it with Truthifi: start for free at app.truthifi.com and run a Monitoring Checkup (limits apply).

No commissions, no ads, no advice: Truthifi is not an investment adviser and doesn't give investment, tax or legal advice. Its access to your bank and brokerage accounts is read-only. Start free (limits apply). Monitoring Checkup is free. Link up to 10 connections, per Truthifi platform data. Plans and limits are on the pricing page → truthifi.com.

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FAQ

Is Key Private Bank a fiduciary? It depends on your account. In its advisory programs it acts as a fiduciary. In brokerage accounts it follows the SEC's Regulation Best Interest standard. Ask which type of account you have.

What are Key Private Bank's fees? They depend on the account. Brokerage accounts generally pay commissions and product charges. Advisory programs charge an asset-based fee instead of per-trade commissions, plus underlying fund costs. See the Form CRS.

Who owns Key Private Bank? Key Private Bank is owned by Keybanc Capital Markets Inc., as listed in Schedule A of its Form ADV.

Does Key Private Bank have complaints or disclosures? Its regulatory records may carry disclosure items, as is common at its size. A disclosure is not proof of wrongdoing. Read any directly on BrokerCheck and the firm's Form ADV.

Is Key Private Bank legit? Key Private Bank is registered with the SEC (CRD #136300) and its filings are public on the SEC's IAPD site, which confirms it is a real, regulated firm. Registration doesn't tell you whether it's the right fit or what you'll pay, so read the fee and conflict sections of its Form ADV.

Can AI help me check whether I'm getting good value? Yes. Start free (limits apply): Monitoring Checkup is free and lets you link up to 10 connections. You can also connect an AI assistant you already use (such as Claude). On Monitoring or Monitoring Plus+ you can ask it, in plain English, about the fees on each of your accounts. Truthifi is not an investment adviser and doesn't give investment, tax or legal advice.

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About this fact pack

About this profile

Truthifi built this profile from the firm's own SEC filings (Form ADV and, where filed, Form CRS). Every page is reviewed by the Truthifi Team before publishing. The Truthifi advisor fact packs are an ongoing series checking U.S. investment advisers against their public filings, one firm at a time.

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• All advisor fact packs on Truthifi

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A note on sources. The facts on this page come from publicly available documents, Key Private Bank's SEC and FINRA filings, each linked inline so you can verify it yourself (SEC data current as of October 5, 2026). This is general information, not financial or legal advice, and Truthifi is not affiliated with Key Private Bank. Regulatory records change, so always confirm against the official sources linked above. Spot something that should be corrected? Email us at support@truthifi.com.