Kestrel Wealth Management provides portfolio management for individuals and small businesses and portfolio management for institutions.
Kestrel Wealth Management reports 85 clients. They include 56 individual clients and 29 high-net-worth individuals. Of its assets, 100.0% ($144M across 214 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 66% | 9% |
| High-net-worth individuals | 34% | 91% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 56 | $12.5M | 8.7% | $223K |
| High-net-worth individuals | 29 | $131M | 91.3% | $4.53M |
| Total | 85 | $144M | 100% | $1.69M |
- Clients
- 56
- Regulatory AUM
- $12.5M
- AUM share
- 8.7%
- Avg. per client
- $223K
- Clients
- 29
- Regulatory AUM
- $131M
- AUM share
- 91.3%
- Avg. per client
- $4.53M
Total
- Clients
- 85
- Regulatory AUM
- $144M
- AUM share
- 100%
- Avg. per client
- $1.69M
- 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
- 0
Kestrel Wealth Management charges 0.65%–1.00% a year for its Asset Management. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.
| Asset band | Annual rate |
|---|---|
| $0–$2M | 1.00% |
| $2M–$5M | 0.80% |
| $5M and above | 0.65% |
Fee details and sources
Eric Koselak owns 75% or more of Kestrel Wealth Management. The leadership team of Kestrel Wealth Management includes Chief Compliance Officer Eric Koselak. It has 2 employees.
Leadership
- Eric KoselakManaging Member/Chief Compliance Officer
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
Staff
- 2 employees
- 2 in advisory functions
- 2 state-registered reps
- Owns 75% or more of Kestrel Wealth Management, LLC
Eric Koselak
Control person · since March 2010
Kestrel Wealth Management’s regulatory assets grew from $117M (April 2022) to $144M (January 2026); clients rose from 54 to 85 and employees from 1 to 2.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| January 2026 | $144M | 85 | 2 | 2 |
| January 2025 | $134M | 75 | 2 | 2 |
| January 2024 | $128M | 69 | 1 | 2 |
| January 2023 | $108M | 67 | 1 | 2 |
| April 2022 | $117M | 54 | 1 | 2 |
Besides its headquarters, Kestrel Wealth Management has 1 office (1 private residence, listed without an address), with 1 listed address in Indiana.
Indiana · 1 listed address
- 201 S. Main Street, Suite 503, South BendHQ
Contact and registration details
- Legal name
- Kestrel Wealth Management, LLC
- Headquarters
- 201 S. Main Street, Suite 503, South Bend, IN 46601
- Website
- kestrelwealth.com
- Phone
- 574-233-2200
- SEC file
- 801-123414
- Structure
- Indiana LLC
- Fiscal year end
- December
Kestrel Wealth Management uses Fidelity ($144M) as custodian for its separately managed accounts. Kestrel Wealth Management does not have custody of client assets.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $144M100%
At year end, Kestrel Wealth Management’s separately managed accounts were largely in funds (37%) and stocks (35%).
What the accounts hold
- Stocks35%
- Funds37%
- Bonds27%
- State and local bonds22%
- U.S. government and agency bonds5%
- Cash1%
How many clients does Kestrel Wealth Management have?
Kestrel Wealth Management has 85 clients and manages $144 million for them, as of January 2026. They include 56 individual clients and 29 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 6 January 2026
What services does Kestrel Wealth Management offer?
Kestrel Wealth Management provides portfolio management for individuals and small businesses and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Kestrel Wealth Management charge?
Kestrel Wealth Management charges 0.65%–1.00% a year for its Asset Management. Each asset band is charged at its own rate. The fee is billed in arrears and is negotiable.
Which custodians does Kestrel Wealth Management use?
Kestrel Wealth Management’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $144M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 6 January 2026
How many financial advisors does Kestrel Wealth Management have?
Kestrel Wealth Management has 2 investment adviser representatives registered with state securities authorities, out of 2 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 Kestrel Wealth Management invest in?
At the end of its last fiscal year, Kestrel Wealth Management’s separately managed accounts held 37% registered funds (mutual funds, ETFs, BDCs), 35% exchange-traded equities, 22% state and local bonds, 5% U.S. government and agency bonds and 1% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Kestrel Wealth Management?
Kestrel Wealth Management’s direct owner is Eric Koselak (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 6 January 2026
How does Kestrel Wealth Management get paid?
Kestrel Wealth Management is paid through a percentage of assets under management. Its Form ADV lists no commissions or 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
Is Kestrel Wealth Management registered with the SEC?
Yes, Kestrel Wealth Management has been registered with the SEC as an investment adviser since 14 March 2022. Its CRD number is 153503 and its SEC file number is 801-123414.
Source: Form ADV Part 1A, Item 1, filed 6 January 2026; IAPD firm record
How do I contact Kestrel Wealth Management?
Kestrel Wealth Management’s main office is at 201 S. Main Street, Suite 503, South Bend, IN 46601. Its phone number is 574-233-2200. Its website is kestrelwealth.com.