Wayne Keith Culbertson | Financial Professional

Professional summary

Being a previously registered professional could mean that this person is no longer operating under the supervision of the SEC or FINRA.

That means that the Securities and Exchange Commission may not be able to oversee the services that this specific professional is providing.

Wayne Keith Culbertson, who also goes by Keith Culbertson, was a registered financial professional .

Wayne is a previously registered financial professional and started their career in finance in 1971. Wayne had worked at 9 firms and has passed the Series 65, Series 63, Series 1 and Series 24 exams.

Question & Answer

Are you a "fiduciary"?

No

Aliases

Keith Culbertson

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.

The advisor shows no other business activity.

Blog Corner

CRS (Client Relationship Summary)

The CRS(Customer Relationship Summary) document is not provided.

Certified licenses

Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®

None

Experience

Past

January 1, 1999 - January 12, 2015

ACORN FINANCIAL ADVISORY SERVICES, INC.

RIA

CRD#: 116763

FAIRFAX, VA

Past

May 1, 1992 - July 2, 2002

IFG NETWORK SECURITIES, INC.

BD

CRD#: 19948

ATLANTA, GA

Past

February 11, 1992 - May 14, 1992

DERAND/PENNINGTON/BASS, INC.

BD

CRD#: 4679

Past

March 31, 1986 - January 13, 1992

MHA FINANCIAL CORP

BD

CRD#: 7462

WESTWOOD, MA

Past

October 26, 1984 - March 17, 1986

CARDELL & ASSOCIATES, INCORPORATED

BD

CRD#: 7700

Past

September 13, 1983 - October 29, 1984

FIRST CHESAPEAKE SECURITIES CORPORATION

BD

CRD#: 10517

Past

April 6, 1982 - August 19, 1983

LINSCO FINANCIAL GROUP, INC.

BD

CRD#: 524

Past

January 11, 1982 - February 12, 1982

CARDELL & ASSOCIATES, INCORPORATED

BD

CRD#: 7700

Past

November 20, 1978 - December 28, 1980

VOSS & CO., INC.

BD

CRD#: 6405

Past

September 27, 1971 - November 10, 1978

ACACIA EQUITY SALES CORPORATION

BD

CRD#: 5792

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".

AF

ACORN FINANCIAL ADVISORY SERVICES, INC.

CRD#: 116763 / SEC#: 801-66477

RIA

Registered Investment Advisory firm - (5/1/2006 Approved)

District of Columbia

Registered Investment Advisory firm - (7/20/2006 Terminated)

Maryland

Registered Investment Advisory firm - (8/10/2006 Terminated)

Pennsylvania

Registered Investment Advisory firm - (8/2/2006 Terminated)

Virginia

Registered Investment Advisory firm - (7/20/2006 Terminated)

Why is a state registration marked "Terminated"? When a firm registers with the SEC (usually after managing $100M+ AUM), it often withdraws separate state firm registrations unless required by that state. The firm can still serve clients there through its individually registered Investment Advisor Representatives (IARs).

State Registrations and Notice Filings

Listed states reflect where the advisor is authorized to serve clients under state regulations.

Visual representation of state registrations

This advisor is not registered in any state.

Don't see your state listed? The advisor may still be able to work with you under the federal De Minimis Rule, which allows up to five investment advisory clients in a state without registration. Some states, like TX, LA, NE, and NH, may still require registration or notice filing. Contact the advisor or their firm to confirm their investment advisory availability in your state.

Exams

State Security Law Exam

IAR

Series 65

Date: 7/30/1993

Uniform Investment Adviser Law Examination

State Security Law Exam

RR

Series 63

Date: 4/1/1982

Uniform Securities Agent State Law Examination

General Industry/Product Exam

RR

Series 1

Date: 9/23/1971

Registered Representative Examination

Principal/Supervisory Exam

RR

Series 24

Date: 6/25/1986

General Securities Principal Examination

Current Firm

AF

ACORN FINANCIAL ADVISORY SERVICES, INC.

CRD#: 116763 / SEC#: 801-66477

RIA

Registered Investment Advisory firm - (5/1/2006 Approved)

District of Columbia

Registered Investment Advisory firm - (7/20/2006 Terminated)

Maryland

Registered Investment Advisory firm - (8/10/2006 Terminated)

Pennsylvania

Registered Investment Advisory firm - (8/2/2006 Terminated)

Virginia

Registered Investment Advisory firm - (7/20/2006 Terminated)

Why is a state registration marked "Terminated"? When a firm registers with the SEC (usually after managing $100M+ AUM), it often withdraws separate state firm registrations unless required by that state. The firm can still serve clients there through its individually registered Investment Advisor Representatives (IARs).

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Contact information

Main Address

1900 Campus Commons Drive Suite 600, Reston, VA 20191

Mailing Address

Phone number

(703) 293-3100

Established

Firm type

Fiscal year end

# of Employees

10

SEC notice filing (29 States and Territories)

Documents

Customer Relationship Summary (CRS / SEC)

Latest Form ADV

Part 2 Brochures

FIRM BROCHURE (4/29/2025)

Regulatory assets under management

Total Number of Accounts	5,179
AUM (Assets Under Management)	$ 1,234,541,815

Accountant surprise examination report

Filing Date	Form ADV-E Cover	Form ADV-E Report
10/08/2025	Cover Page	Report
01/10/2025	Cover Page	Report
12/18/2023	Cover Page	Report

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.

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Advisor Monitoring

Firm Stability Insights

Wayne K. Culbertson

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary)

Certified licenses

Experience

IFG NETWORK SECURITIES, INC.

DERAND/PENNINGTON/BASS, INC.

MHA FINANCIAL CORP

CARDELL & ASSOCIATES, INCORPORATED

FIRST CHESAPEAKE SECURITIES CORPORATION

LINSCO FINANCIAL GROUP, INC.

CARDELL & ASSOCIATES, INCORPORATED

VOSS & CO., INC.

ACACIA EQUITY SALES CORPORATION

Primary Firm SEC Registration

ACORN FINANCIAL ADVISORY SERVICES, INC.

State Registrations and Notice Filings

Exams

Series 65

Date: 7/30/1993

Series 63

Date: 4/1/1982

Series 1

Date: 9/23/1971

Series 24

Date: 6/25/1986

Current Firm

ACORN FINANCIAL ADVISORY SERVICES, INC.

Contact information

SEC notice filing (29 States and Territories)

Documents

Part 2 Brochures

Regulatory assets under management

Accountant surprise examination report

Red Flags

Company Information

ACORN FINANCIAL ADVISORY SERVICES, INC.

TRUST BUT VERIFY

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