Richard Carlton Kelsey

Employer firm

Cetera Investment Advisers LLC CRD 105644

$257B regulatory AUM 24,019 advisory clients

Reported services (Item 5G)

• Financial planning
• Portfolio management (individuals)
• Portfolio management (institutions)
• Pension consulting
• Selection of other advisers
• Educational seminars

From the firm’s Form ADV. Read the guides:

• Item 5F — Regulatory AUM
• Item 5G — Advisory services
• Full firm profile

Current Employers

Employment History

• 01/1990 → Present
  Rental Property
  Madelia, MN
• 12/2006 → 09/2025
  Avantax Investment Services Inc.
  Madelia, MN
• 01/2007 → Present
  Kelsey Company, Llc Dba Kelsey Osborne, Llc
  Madelia, MN
• 01/2007 → Present
  Kelsey Company, Llc
  Madelia, NM
• 02/2016 → 09/2025
  Avantax Insurance Agency Llc
  Madelia, NM
• 01/2022 → Present
  Mfg Financial Advisors, Llc
  Madelia, MN
• 09/2025 → Present
  Cetera Wealth Services, Llc
  Maple Grove, MN
• 09/2025 → Present
  Cetera Investment Advisers Llc
  Schaumburg, IL

Previous Registrations

• 2014-01-07 → 2025-09-05
  Avantax Advisory Services
  Madelia, MN
  Madelia, MN
  Maple Grove, MN
  Minneapolis, MN

Other Businesses

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.

Exams

• S66 Uniform Combined State Law Examination
  1999-12-29

Designations

• Personal Financial Specialist