{"url":"https://nivawealth.com/firms/kestrel-wealth-management-153503","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/153503","regulatoryAum":143906000,"crd":"153503","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"2439448","suffix":null,"lastName":"KOSELAK","firstName":"ERIC","middleName":"FRANK"},{"crd":"7970758","suffix":null,"lastName":"Koselak","firstName":"Ryan","middleName":"Allan"}],"total":2,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2022-04-22","regulatoryAum":117361000,"clients":54,"employees":1,"offices":2},{"filedOn":"2023-01-26","regulatoryAum":108416064,"clients":67,"employees":1,"offices":2},{"filedOn":"2024-01-10","regulatoryAum":127826000,"clients":69,"employees":1,"offices":2},{"filedOn":"2025-01-24","regulatoryAum":134165706,"clients":75,"employees":2,"offices":2},{"filedOn":"2026-01-06","regulatoryAum":143906000,"clients":85,"employees":2,"offices":2}],"secFileNumber":"801-123414","legalName":"Kestrel Wealth Management, LLC","displayName":"Kestrel Wealth Management","slug":"kestrel-wealth-management-153503","website":"https://kestrelwealth.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/153503/38cf51dd5eb54cab-r1.webp","tone":"dark","width":708,"height":200,"sourceUrl":"https://kestrelwealth.com/","sourceLabel":"Kestrel Wealth Management, LLC, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Indiana limited liability company","fiscalYearEnd":"December","headquarters":{"street":"201 S. Main Street, Suite 503","city":"South Bend","state":"IN","stateName":"Indiana","country":"United States","postalCode":"46601"},"tradeNames":[],"registration":{"secApproved":"14 March 2022","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1693011.7647058824,"staff":{"employees":2,"advisory":2,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":143906000,"discretionary":143906000,"discretionaryAccounts":214,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":56,"regulatoryAum":12483000},{"label":"High-net-worth individuals","clients":29,"regulatoryAum":131423000}],"feePrograms":[{"role":"main","program":"Asset Management","feeBasis":"marginal","fee_tiers":[{"to":2000000,"pct":1,"from":0},{"to":5000000,"pct":0.8,"from":2000000},{"to":null,"pct":0.65,"from":5000000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1000223","versionId":1000223,"ratePeriod":"annual","fee_billing":"arrears","submittedOn":"2026-01-06","documentName":"ADV FORM 2A","fee_rate_low":0.65,"fee_rate_high":1,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T14:07:00.565093+00:00","documents":[{"name":"ADV FORM 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1000223","versionId":1000223,"submittedOn":"2026-01-06"}]},"custodians":[{"name":"Fidelity Brokerage Services LLC","shortName":"Fidelity","location":"Smithfield, RI","smaAssets":143906000}],"custodyNote":"Kestrel Wealth Management does not have custody of client assets.","leadership":[{"name":"Eric Koselak","title":"Managing Member/Chief Compliance Officer","crd":"2439448"}],"ownership":[{"label":"Eric Koselak","detail":"Managing member/chief compliance officer in the 75% or more ownership band and a control person, since March 2010."}],"filedOffices":{"otherThanPrincipal":1,"privateResidences":1},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Indiana","offices":1,"addresses":[{"street":"201 S. Main Street, Suite 503","city":"South Bend","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"574-233-2200","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":35},{"label":"U.S. government/agency bonds","percent":5},{"label":"U.S. state and local bonds","percent":22},{"label":"Securities issued by registered investment companies or business development companies","percent":37},{"label":"Cash and cash equivalents","percent":1}],"privateFunds":0},"sources":{"adv1FilingDate":"6 January 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/153503/PDF/153503.pdf","brochureDate":"6 January 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1000223","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Kestrel Wealth Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Kestrel Wealth Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Kestrel Wealth Management charge?","answer":"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.","source":"ADV FORM 2A, filed 6 January 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Kestrel Wealth Management use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Kestrel Wealth Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Kestrel Wealth Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Kestrel Wealth Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Kestrel Wealth Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Kestrel Wealth Management registered with the SEC?","answer":"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","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Kestrel Wealth Management?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 6 January 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}