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Updated September 24, 2026. Quick answer: It depends which strategy you pick: KIS Advisory Fee wrap programs runs from $10,000 to $100,000, depending on the specific strategy or model portfolio. At the $10,000 low end, KeyBank Private Wealth’s own fee schedule works out to $140 a year; strategies at the high end require substantially more.
The minimum, in the firm’s own words
“The following are the minimum investment dollars required to open and maintain an account, unless otherwise agreed to in KIS’s sole and absolute discretion (see Item 4 at KIS Program Services)… The minimum overall account size required to participate in the UMA Program is $75,000. The minimum required investment for each Investment Manager model selected within the UMA Program varies, between $10,000-$100,000.”
On waivability: “In KIS’s sole and absolute discretion… account minimums may be waived”
Minimum investment and what it would cost
| Program | Minimum investment | Annual fee at that minimum | Waivable? |
|---|---|---|---|
| KIS Advisory Fee wrap programs (lowest-minimum strategy) | $10,000 | $140 | Yes, at the firm’s discretion |
| KIS Advisory Fee wrap programs (highest-minimum strategy) | $100,000 | Varies by strategy | Yes, at the firm’s discretion |
| Source: Key Investment Services LLC Form ADV Part 2A Appendix 1 (Wrap Fee Program Brochure), 2026 | |||
$10,000 low end under the KIS Advisory Fee’s first breakpoint ($0-$1,000,000 at 1.40%): $10,000 x 1.40% = $140.
KeyBank Private Wealth’s own fee schedule at other balances
| Account balance | Annual fee |
|---|---|
| $250,000 | $3,500 |
| $500,000 | $7,000 |
| $1,000,000 | $14,000 |
| $2,000,000 | $20,000 |
What else to know
KeyBank Private Wealth’s own brochure sets a separate minimum for each of its named KIS wrap sub-programs rather than one program-wide figure, ranging from $10,000 (several Key Programs and manager models) to $100,000 (the SMA Program, per the brochure’s own account-requirements table; a separate passage elsewhere in the same document states $50,000 for SMA instead, a genuine internal inconsistency we did not resolve). All are waivable at KIS’s sole and absolute discretion.
What a larger account would cost
The minimum is only the entry point. On a $500,000 account, KeyBank Private Wealth’s own published fee schedule runs $7,000 a year; see the full dollar breakdown from KeyBank Private Wealth’s own fee disclosure across several account sizes.
Already a client and thinking about the minimum a different way, like whether you could get a better deal elsewhere? Read the general mechanics of switching financial advisors, or use a dated termination letter once you decide.
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- Key Investment Services LLC Form ADV Part 2A Appendix 1 (Wrap Fee Program Brochure) (2026): https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1032865
- SEC Investment Adviser Public Disclosure, Key Investment Services LLC (CRD #136300): https://adviserinfo.sec.gov/firm/summary/136300
- Key Investment Services LLC, SEC Form ADV filing: https://reports.adviserinfo.sec.gov/reports/ADV/136300/PDF/136300.pdf
Methodology. This page was built September 24, 2026, quoting directly from KeyBank Private Wealth’s own current Form ADV Part 2A / wrap-fee brochure, with the source linked above. The annual-fee-at-the-minimum figure applies that same brochure’s own published fee schedule to the disclosed minimum dollar amount; any distinction we could not independently confirm this session is named as an honest gap rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice, and it is not a substitute for reading the firm’s own Form ADV Part 2A. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
Comparing other bank-affiliated wealth management minimums? See TD Wealth’s minimum investment too.
Is KeyBank Private Wealth a fiduciary? See what its own Form CRS says about registration, standard of conduct, and how its representatives are paid.
Weighing whether to move ahead? Read the full KeyBank Private Wealth review, including its fiduciary status and what it costs to leave.
Comparing KeyBank Private Wealth against other options? See KeyBank Private Wealth alternatives, including a lower-fee full-service firm, a flat-fee route, and a robo/hybrid.
How much do you need to open an account? Compare the minimum investment at 128 advisory firms, each taken from the firm’s own Form ADV Part 2A brochure.
Already with KeyBank Private Wealth and weighing a move? How to leave KeyBank Private Wealth covers what it costs to transfer out.