Blackhawk Capital Partners provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, business succession planning, estate planning, insurance, and tax planning. Financial planning was provided to 1–10 clients last fiscal year.
Blackhawk Capital Partners reports 342 clients. They include 162 high-net-worth individuals, 145 individual clients, and 19 corporations and other businesses. Of its assets, 99.7% ($451M across 834 accounts) are managed with discretion; $1.22M across 2 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 42% | 10% |
| High-net-worth individuals | 47% | 78% |
| Pension and profit-sharing plans | 5% | 6% |
| Corporations and other businesses | 6% | 6% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 145 | $45.4M | 10.0% | $313K |
| High-net-worth individuals | 162 | $355M | 78.5% | $2.19M |
| Pension and profit-sharing plans | 16 | $27.2M | 6.0% | $1.7M |
| Corporations and other businesses | 19 | $24.9M | 5.5% | $1.31M |
| Total | 342 | $452M | 100% | $1.32M |
- Clients
- 145
- Regulatory AUM
- $45.4M
- AUM share
- 10.0%
- Avg. per client
- $313K
- Clients
- 162
- Regulatory AUM
- $355M
- AUM share
- 78.5%
- Avg. per client
- $2.19M
- Clients
- 16
- Regulatory AUM
- $27.2M
- AUM share
- 6.0%
- Avg. per client
- $1.7M
- Clients
- 19
- Regulatory AUM
- $24.9M
- AUM share
- 5.5%
- Avg. per client
- $1.31M
Total
- Clients
- 342
- Regulatory AUM
- $452M
- AUM share
- 100%
- Avg. per client
- $1.32M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Blackhawk Capital Partners charges up to 3.00% for its Investment advisory fee. The brochure does not state whether the rate is annual. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial planning
- Financial planning is billed at a maximum of $250 per hour, or at a fixed fee agreed with the client in advance; fees are generally paid in advance.
Kevin Perlberg owns 75% or more of Blackhawk Capital Partners. The leadership team of Blackhawk Capital Partners includes President Donald Tendick. It has 6 employees.
Leadership
Donald TendickVice-President/ Chief Compliance Officer
Kevin PerlbergManaging Member
Investment adviser representatives
10 representatives listed in the SEC register as of 9 October 2026.
Staff
- 6 employees
- 6 in advisory functions
- 6 state-registered reps
- 5 broker-dealer reps
- 4 insurance agents
- Owns 75% or more of Blackhawk Capital Partners, LLC
Kevin Perlberg
Control person · since May 2011
- Owns 10% to 25% of Blackhawk Capital Partners, LLC
Donald Tendick
Control person · since May 2011
Blackhawk Capital Partners’ regulatory assets grew 2.3× from $199M (June 2021) to $452M (September 2026); clients rose from 209 to 342 and employees fell from 8 to 6.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Sep 2026September 2026 | $452M | 342 | 6 | 2 |
| May 2025May 2025 | $336M | 295 | 8 | 2 |
| Mar 2024March 2024 | $244M | 271 | 9 | 2 |
| Jul 2023July 2023 | $209M | 310 | 8 | 2 |
| Jul 2022July 2022 | $227M | 255 | 8 | 2 |
| Jun 2021June 2021 | $199M | 209 | 8 | 2 |
Besides its headquarters, Blackhawk Capital Partners has 1 office, with 2 listed addresses across 2 states.
Arizona · 1 listed address
- 21090 N Pima RD., Scottsdale
Wisconsin · 1 listed address
- 167 S. Main Street, ThiensvilleHQ
Contact and registration details
- Legal name
- Blackhawk Capital Partners, LLC
- Headquarters
- 167 S. Main Street, Thiensville, WI 53092
- Website
- blackhawk-capital.com
- Phone
- 262-242-4487
- SEC file
- 801-81107
- Founded
- 2011
- Structure
- Wisconsin LLC
- Fiscal year end
- December
Blackhawk Capital Partners’ named custodian for separately managed accounts is Charles Schwab ($443M). Blackhawk Capital Partners has custody of $186M for 189 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Orlando, FL · $443M100%
At year end, Blackhawk Capital Partners’ separately managed accounts were mostly in stocks (53%) and funds (24%). Its reported 13F holdings for the quarter ended 30 June 2026 total $306M across 146 positions; the largest are Schwab Strategic TR (5.5%), Apple Inc. (3.9%) and Nvidia Corporation (3.7%).
What the accounts hold
- Stocks53%
- Exchange-traded equities51%
- Non-exchange-traded equities2%
- Funds24%
- Bonds20%
- Investment grade corporate bonds12%
- U.S. government and agency bonds5%
- State and local bonds3%
- Cash4%
Reported 13F holdings
- $306M
- Reported 13F value
- 146
- Positions
- 34.1%
- In the 10 largest
- +12.3%
- Value vs. prior quarter
- Schwab Strategic TR · US Lrg Cap ETF5.5%
- Apple Inc.3.9%
- Nvidia Corporation3.7%
- Alphabet Inc. · Cap Stk CL A3.6%
- Meta Platforms Inc. · CL A3.2%
- Taiwan Semiconductor Manufac · Sponsored ADS3.1%
- First TR Exchange-traded FD · Senior LN FD2.9%
- Harrow Inc.2.8%
- Microsoft Corp.2.8%
- Amazon Com Inc.2.6%
Together, the ten largest are 34.1% of reported value.
How many clients does Blackhawk Capital Partners have?
Blackhawk Capital Partners has 342 clients and manages $452 million for them, as of September 2026. They include 162 high-net-worth individuals, 145 individual clients, and 19 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 22 September 2026
What services does Blackhawk Capital Partners offer?
Blackhawk Capital Partners provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, business succession planning, estate planning, insurance, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Blackhawk Capital Partners charge?
Blackhawk Capital Partners charges up to 3.00% for its Investment advisory fee. The brochure does not state whether the rate is annual. The fee is billed in advance and is negotiable.
Which custodians does Blackhawk Capital Partners use?
Blackhawk Capital Partners’ separately managed account assets are held at Charles Schwab & Co., Inc. (Orlando, FL), with $443M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 22 September 2026
How many financial advisors does Blackhawk Capital Partners have?
Blackhawk Capital Partners has 6 investment adviser representatives registered with state securities authorities, out of 6 employees, and 6 perform investment advisory functions. 5 employees are registered representatives of a broker-dealer and 4 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Blackhawk Capital Partners invest in?
At the end of its last fiscal year, Blackhawk Capital Partners’ separately managed accounts held 51% exchange-traded equities, 24% registered funds (mutual funds, ETFs, BDCs), 12% investment grade corporate bonds, 5% U.S. government and agency bonds, 4% cash and equivalents, 3% state and local bonds and 2% non-exchange-traded equities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Blackhawk Capital Partners?
Blackhawk Capital Partners’ direct owners are Kevin Perlberg (75% or more) and Donald Tendick (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 22 September 2026
How does Blackhawk Capital Partners get paid?
Blackhawk Capital Partners is paid through a percentage of assets under management, hourly charges, fixed fees, commissions and other compensation. Its Form ADV lists no performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Blackhawk Capital Partners?
Blackhawk Capital Partners’ main office is at 167 S. Main Street, Thiensville, WI 53092. Its phone number is 262-242-4487. Its website is blackhawk-capital.com.