{"url":"https://nivawealth.com/firms/kindred-spirits-investment-management-171615","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/171615","regulatoryAum":9678019924,"crd":"171615","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"8195114","suffix":null,"lastName":"Donnelly","firstName":"David","middleName":"James"},{"crd":"6842414","suffix":null,"lastName":"Livingood","firstName":"Timothy","middleName":"Kyle"},{"crd":"5968015","suffix":null,"lastName":"MARTINO","firstName":"ANTHONY","middleName":"JOSEPH"},{"crd":"2469485","suffix":null,"lastName":"NELSON","firstName":"RYAN","middleName":"KEITH"},{"crd":"3000281","suffix":null,"lastName":"TROWBRIDGE","firstName":"JENNIFER","middleName":"CAREY"},{"crd":"6380172","suffix":null,"lastName":"VIOLAND","firstName":"JOSEPH","middleName":"WILLIAM"}],"total":6,"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":"2021-03-17","regulatoryAum":4903871252,"clients":260,"employees":8,"offices":2},{"filedOn":"2022-04-18","regulatoryAum":6278124033,"clients":260,"employees":8,"offices":2},{"filedOn":"2023-03-28","regulatoryAum":7240028513,"clients":321,"employees":8,"offices":2},{"filedOn":"2024-03-25","regulatoryAum":7981116480,"clients":343,"employees":9,"offices":1},{"filedOn":"2025-03-03","regulatoryAum":8690883404,"clients":343,"employees":9,"offices":1},{"filedOn":"2026-02-24","regulatoryAum":9678019924,"clients":373,"employees":9,"offices":1}],"secFileNumber":"801-79797","legalName":"Kindred Spirits Investment Management, LLC","displayName":"Kindred Spirits Investment Management","slug":"kindred-spirits-investment-management-171615","website":"https://redtreeinv.com/","classification":{"segment":"institutions","segmentLabel":"Institutional","type":"institutional_asset_manager","typeLabel":"Asset manager","feeDisclosure":"payment_only"},"linkedinUrl":"https://www.linkedin.com/company/redtree-investment-group","founded":null,"organization":"Ohio limited liability company","fiscalYearEnd":"December","headquarters":{"street":"5050 Section Avenue, Suite 420","city":"Cincinnati","state":"OH","stateName":"Ohio","country":"United States","postalCode":"45212"},"tradeNames":[],"registration":{"secApproved":"18 June 2014","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":9,"advisory":5,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":9678019924,"discretionary":9560231280,"discretionaryAccounts":529,"nonDiscretionary":117788644,"nonDiscretionaryAccounts":9,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":4},"clientTypes":[{"label":"Banking or thrift institutions","clients":1,"fewerThan5":true,"regulatoryAum":7552810},{"label":"Charitable organizations","clients":1,"fewerThan5":true,"regulatoryAum":1797864},{"label":"State or municipal government entities","clients":371,"regulatoryAum":9668669250}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"U.S. Bancorp Investments, Inc.","shortName":"U.S. Bancorp Investments","location":"Saint Paul, MN","smaAssets":8273861473},{"name":"Fifth Third Securities, Inc.","shortName":"Fifth Third Securities","location":"Cincinnati, OH","smaAssets":1257502846}],"custodyNote":"Kindred Spirits Investment Management does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Kristin Prieur","title":"Chief Compliance Officer","crd":"5690802"},{"name":"Ryan Nelson","title":"Managing Principal","crd":"2469485"},{"name":"William Phelps","title":"Chief Operations Officer","crd":"7886839"},{"name":"Jennifer Trowbridge","title":"Managing Principal","crd":"3000281"}],"ownership":[{"label":"Ryan Nelson","detail":"Managing principal in the 50% to 75% ownership band and a control person, since May 2014."},{"label":"Jennifer Trowbridge","detail":"Managing principal in the 25% to 50% ownership band and a control person, since May 2014."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Ohio","offices":1,"addresses":[{"street":"5050 Section Avenue, Suite 420","city":"Cincinnati","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"888-596-2293","stateRegisteredReps":5,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":"1-10","assetMix":[{"label":"U.S. government/agency bonds","percent":58},{"label":"U.S. state and local bonds","percent":5},{"label":"Investment grade corporate bonds","percent":19},{"label":"Cash and cash equivalents","percent":3},{"label":"Other","percent":15,"detail":"Certificates of Deposit"}],"privateFunds":0},"sources":{"adv1FilingDate":"24 February 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/171615/PDF/171615.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Kindred Spirits Investment Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Kindred Spirits Investment Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Kindred Spirits Investment Management use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Kindred Spirits Investment Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Kindred Spirits Investment Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Kindred Spirits Investment Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Kindred Spirits Investment Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Kindred Spirits Investment Management?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 24 February 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."}