RK
Richard C. Kelsey
CETERA INVESTMENT ADVISERS LLC
MADELIA, MN
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CRD#: 4104683
RK
Professional summary
Richard Carlton Kelsey is a registered financial advisor currently at CETERA INVESTMENT ADVISERS LLC located in Madelia, Minnesota and CETERA WEALTH SERVICES, LLC located in Maple Grove, Minnesota.
Richard is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 2000. Richard has worked at 5 firms and has passed the Series 66, SIE and Series 7 exams.
Question & Answer
Are you a "fiduciary"?
Yes
Aliases
None
Other business activities
Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.
1) Fiduciary Appointment-Trustee~'NIR'~8 West Main Street, PO Box 100~Madelia~MN~56062~7/28/1992~1hrs~1hrs~Manage checking account at local bank used for payment of life insurance premiums. Send annual Crummey Power notices to the beneficiaries 2) Fiduciary Appointment-Trustee~'NIR'~8 West Main Street, PO Box 100~Madelia~MN~56062~8/2/2010~4hrs~4hrs~Periodically review investments in the account and make recommended changes. Mange checking account held at local bank used to pay bills & monthly distributions of income to the income beneficiary 3) Kelsey Properties, LLC~'NIR'~856 Mill Race Road, P.O. Box 96~Madelia~MN~56062~Rental Property Owner/Management~Owner/Sole Proprietor~11/20/2012~1hrs~0hrs~Owner and Management of Residential Rental Real Estate 4) Kelsey Company, LLC~'NIR'~8 West Main Street, P.O. Box 100~Madelia~MN~56062~Tax Preparation/Accounting~Owner/Sole Proprietor~1/1/2007~160hrs~160hrs~Business Consulting, tax consulting & prep, general accounting, financial services 5) Richard C. Kelsey~'NIR'~8 West Main Street, P.O. Box 100~Madelia~MN~56062~Notary Public~Other~3/24/1988~1hrs~1hrs~Notary Public 6) THE TRIANGLE, LLC; Owner; LLC formed solely to hold a parcel of real estate being purchased; NIR; 2hrs; 0 hrs; 10/7/2021; MADELIA MN 56062; All duties with purchase, rehabilitation, & owning a single parcel of real estate 7) LAKEVIEW PROPERTY, LLC; Owner; LLC formed solely to hold a parcel of real estate being purchased; NIR; 2 hrs; 0 hrs; 10/7/2021; Madelia MN 56062; All activities related to the purchase, rehabilitation, & ownership of the parcel of property 8) 15 & MAIN, LLC; Sole Member; LLC formed solely to hold a commercial real estate building. NIR; HRS 2; HRS 2; 11/23/2022 856 Mill Race Road, PO Box 96, MADELIA MN 56062; I will be responsible for all facets of the operation of the LLC. 9) KELSEY OSBORNE, LLC; Managing Member; Kelsey Osborne, LLC was an accounting firm that is now active for collecting accounts receivables of former clients. NIR; HRS 4; HRS 4; 01/01/2022; 8 West Main Street, Madelia MN 56062, United States; I am involved only to oversee the collection efforts of the outstanding accounts receivable, and to oversee the administrative obligations of the entity. 10) HOWARD RASMUSSEN CHARITABLE TRUST; Trustee; Assets (primarily farmland) in a Charitable Trust. All of the income from the assets of the trust would be distributed to other charitable organizations. IR; HRS 5; HRS 0; 01/01/2023; 8 West Main Street, Madelia MN 56062, United States; Responsible for collecting the rental and interest income, paying the expenses, and determining the qualified organizations eligible to receive distributions from the trust, and distributing the grants to those organizations. 11) MFG FINANCIAL ADVISORS, LLC POS: Partner Program Rep NATURE: Midwest Financial Group, LLC (MFG) is a financial services firm, and it's Broker Dealer is Avantax. I am a Registered Rep with Avantax also. I entered into a "Partner Program" arrangement with MFG through Avantax whereby I am listed as a Sub-Rep of MFG. INVESTMENT RELATED: Yes NUMBER OF HOURS: 80 SECURITIES TRADING HOURS: 60 START DATE: 01/01/2022 ADDR: 8 West Main Street, PO Box 100, Madelia MN 56062, United States DESC: I am licensed with a Series 7, Series 66, and LAH insurance licenses. I provide all manner of financial services to my clients, including sale of stocks, bonds, mutual funds, and advisory services.
CRS (Client Relationship Summary) - RIA
Click below to view Richard Carlton Kelsey's CRS (Customer Relationship Summary).
Certified licenses
Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®
NoneExperience
Current
September 5, 2025 - Present
CETERA INVESTMENT ADVISERS LLC
Office #2: 100 3rd Ave, S., Minneapolis, MN 55401Office #3: 8 West Main Street, Madelia, MN 56062RIA
CRD#: 105644
MADELIA, MN
Current
September 5, 2025 - Present
CETERA WEALTH SERVICES, LLC
Office #1: 12924 63rd Ave N, Maple Grove, MN 55369Office #2: 8 West Main Street, Madelia, MN 56062BD
CRD#: 13572
Maple Grove, MN
Past
January 7, 2014 - September 5, 2025
AVANTAX ADVISORY SERVICES
RIA
CRD#: 104556
MADELIA, MN
Past
January 10, 2007 - September 5, 2025
AVANTAX INVESTMENT SERVICES, INC.
BD
CRD#: 13686
MADELIA, MN
Past
February 7, 2000 - December 31, 2004
1ST GLOBAL CAPITAL CORP.
BD
CRD#: 30349
DALLAS, TX
Primary Firm SEC Registration
This SEC-registered firm can serve clients nationwide. Some states may require the firm to submit a notice filing if the firm has more than 5 clients or a physical office there. You can view these state-level filings under the section titled "State Registrations and Notice Filings".
CI
CETERA INVESTMENT ADVISERS LLC
CETERA ADVISOR NETWORKS | TERRA FINANCIAL PLANNING GROUP LTD | GENWORTH FINANCIAL ADVISERS CORPORATION | FIRST ALLIED ADVISORY SERVICES | CETERA INVESTMENT ADVISERS LLC | CETERA ADVISORS
CRD#: 105644 / SEC#: 801-20406
RIA
Registered Investment Advisory firm - (1/13/1984 Approved)State Registrations and Notice Filings
Listed states reflect where the advisor is authorized to serve clients under state regulations.
IAR
means the advisor is registered as an Investment Advisor Representative in this state and is authorized to provide investment advice to clients there.RR
indicates the advisor is registered as a Registered Representative in this state, allowing them to offer securities such as stocks, bonds, and mutual funds through a broker-dealer.Visual representation of state registrations
RR
Arizona(9/5/2025)
RR
Florida(9/5/2025)
RR
Illinois(9/5/2025)
RR
Iowa(9/5/2025)
RR
Minnesota(9/5/2025)
IAR
Minnesota(9/5/2025)
RR
Montana(9/5/2025)
RR
Ohio(9/5/2025)
RR
Wisconsin(9/5/2025)
Exams
State Security Law Exam
General Industry/Product Exam
General Industry/Product Exam
SRO Registrations
RR
FINRA
Current Firm
CI
CETERA INVESTMENT ADVISERS LLC
CETERA ADVISOR NETWORKS | TERRA FINANCIAL PLANNING GROUP LTD | GENWORTH FINANCIAL ADVISERS CORPORATION | FIRST ALLIED ADVISORY SERVICES | CETERA INVESTMENT ADVISERS LLC | CETERA ADVISORS
CRD#: 105644 / SEC#: 801-20406
RIA
Registered Investment Advisory firm - (1/13/1984 Approved)Upgrade to AdvisorCheck Premium
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Contact information
Main Address
1450 American Lane 6th Floor, Suite 650, Schaumburg, IL 60173-2096
Mailing Address
Phone number
(310) 257-7880
Established
Firm type
Fiscal year end
# of Employees
7,705
SEC notice filing (53 States and Territories)
Regulatory assets under management
| Total Number of Accounts | 584,487 |
| AUM (Assets Under Management) | $ 163,792,814,520 |
Accountant surprise examination report
| Filing Date | Form ADV-E Cover | Form ADV-E Report |
|---|---|---|
| 10/27/2025 | ||
| 12/13/2024 | ||
| 09/26/2023 | ||
| 11/18/2022 |
Red Flags
Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.
Check for any disclosures as part of your thorough research when choosing an advisor.
