Kindred Spirits Investment Management provides portfolio management for institutions. Financial planning was provided to 1–10 clients last fiscal year.
Kindred Spirits Investment Management reports 373 clients. They include 371 state or municipal government entities, 1 banking or thrift institution and 1 charitable organization. Of its assets, 98.8% ($9.56B across 529 accounts) are managed with discretion; $118M across 9 accounts are not. It advised 4 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Banking or thrift institutions | <1% | <1% |
| Charitable organizations | <1% | <1% |
| State or municipal government entities | 99% | 100% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Banking or thrift institutions | Fewer than 5 | $7.55M | 0.1% | $7.55M |
| Charitable organizations | Fewer than 5 | $1.8M | 0.0% | $1.8M |
| State or municipal government entities | 371 | $9.67B | 99.9% | $26.1M |
| Total | 373 | $9.68B | 100% | — |
- Clients
- Fewer than 5
- Regulatory AUM
- $7.55M
- AUM share
- 0.1%
- Avg. per client
- $7.55M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.8M
- AUM share
- 0.0%
- Avg. per client
- $1.8M
- Clients
- 371
- Regulatory AUM
- $9.67B
- AUM share
- 99.9%
- Avg. per client
- $26.1M
Total
- Clients
- 373
- Regulatory AUM
- $9.68B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 4
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Kindred Spirits Investment Management is paid through a percentage of assets under management and fixed fees (other than subscription fees); its fees and minimums are set out in its brochures on the SEC website.
Ryan Nelson owns 50% to 75% of Kindred Spirits Investment Management. The leadership team of Kindred Spirits Investment Management includes Chief Compliance Officer Kristin Prieur. It has 9 employees, 5 of them in advisory roles.
Staff
- 9 employees
- 5 in advisory functions
- 5 state-registered reps
- Owns 50% to 75% of Kindred Spirits Investment Management, LLC
Ryan Nelson
Control person · since May 2014
- Owns 25% to 50% of Kindred Spirits Investment Management, LLC
Jennifer Trowbridge
Control person · since May 2014
Kindred Spirits Investment Management’s regulatory assets grew 2.0× from $4.9B (March 2021) to $9.68B (February 2026); clients rose from 260 to 373 and employees from 8 to 9.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Feb 2026February 2026 | $9.68B | 373 | 9 | 1 |
| Mar 2025March 2025 | $8.69B | 343 | 9 | 1 |
| Mar 2024March 2024 | $7.98B | 343 | 9 | 1 |
| Mar 2023March 2023 | $7.24B | 321 | 8 | 2 |
| Apr 2022April 2022 | $6.28B | 260 | 8 | 2 |
| Mar 2021March 2021 | $4.9B | 260 | 8 | 2 |
Besides its headquarters, Kindred Spirits Investment Management has 0 offices, with 1 listed address in 1 state.
Ohio · 1 listed address
- 5050 Section Avenue, Suite 420, CincinnatiHQ
Contact and registration details
- Legal name
- Kindred Spirits Investment Management, LLC
- Headquarters
- 5050 Section Avenue, Suite 420, Cincinnati, OH 45212
- Website
- redtreeinv.com
- Phone
- 888-596-2293
- @redtree-investment-group
- SEC file
- 801-79797
- Structure
- Ohio LLC
- Fiscal year end
- December
Kindred Spirits Investment Management’s named custodians for separately managed accounts are U.S. Bancorp Investments ($8.27B, 87%) and Fifth Third Securities ($1.26B, 13%). Kindred Spirits Investment Management does not have custody of client assets.
- U.S. Bancorp InvestmentsU.S. Bancorp Investments, Inc. · Saint Paul, MN · $8.27B87%
- Fifth Third SecuritiesFifth Third Securities, Inc. · Cincinnati, OH · $1.26B13%
At year end, Kindred Spirits Investment Management’s separately managed accounts were mostly in bonds (82%).
What the accounts hold
- Bonds82%
- U.S. government and agency bonds58%
- Investment grade corporate bonds19%
- State and local bonds5%
- Cash3%
- Other15%
- Certificates of deposit15%
How many clients does Kindred Spirits Investment Management have?
Kindred Spirits Investment Management has 373 clients and manages $9.68 billion for them, as of February 2026. They include 371 state or municipal government entities, 1 banking or thrift institution and 1 charitable organization.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 February 2026
What services does Kindred Spirits Investment Management offer?
Kindred Spirits Investment Management provides portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Kindred Spirits Investment Management use?
Kindred Spirits Investment Management’s separately managed account assets are held at U.S. Bancorp Investments, Inc. (Saint Paul, MN), with $8.27B and Fifth Third Securities, Inc. (Cincinnati, OH), with $1.26B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 February 2026
How many financial advisors does Kindred Spirits Investment Management have?
Kindred Spirits Investment Management has 5 investment adviser representatives registered with state securities authorities, out of 9 employees, and 5 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 Kindred Spirits Investment Management invest in?
At the end of its last fiscal year, Kindred Spirits Investment Management’s separately managed accounts held 58% U.S. government and agency bonds, 19% investment grade corporate bonds, 15% other, 5% state and local bonds and 3% cash and equivalents. The 15% other category is described as: Certificates of Deposit.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Kindred Spirits Investment Management?
Kindred Spirits Investment Management’s direct owners are Ryan Nelson (50% to 75%) and Jennifer Trowbridge (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 24 February 2026
How does Kindred Spirits Investment Management get paid?
Kindred Spirits Investment Management is paid through a percentage of assets under management and fixed fees. 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
How do I contact Kindred Spirits Investment Management?
Kindred Spirits Investment Management’s main office is at 5050 Section Avenue, Suite 420, Cincinnati, OH 45212. Its phone number is 888-596-2293. Its website is redtreeinv.com.
