Tenet Wealth Partners provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, publishing newsletters, and educational seminars. Financial planning was provided to 1–10 clients last fiscal year.
Tenet Wealth Partners reports 442 clients. They include 346 individual clients, 33 high-net-worth individuals and 25 other clients. Of its assets, 91.8% ($227M across 430 accounts) are managed with discretion; $20.2M across 12 accounts are not. It advised 135 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 78% | 40% |
| High-net-worth individuals | 7% | 47% |
| Pension and profit-sharing plans | 3% | 8% |
| Charitable organizations | 4% | 2% |
| Corporations and other businesses | 2% | 1% |
| Other client typesOther | 6% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 346 | $99.8M | 40.4% | $288K |
| High-net-worth individuals | 33 | $117M | 47.5% | $3.55M |
| Pension and profit-sharing plans | 12 | $20.7M | 8.4% | $1.73M |
| Charitable organizations | 19 | $4.07M | 1.6% | $214K |
| Corporations and other businesses | 7 | $3.05M | 1.2% | $436K |
| Other | 25 | $2.02M | 0.8% | $80.9K |
| Total | 442 | $247M | 100% | $559K |
- Clients
- 346
- Regulatory AUM
- $99.8M
- AUM share
- 40.4%
- Avg. per client
- $288K
- Clients
- 33
- Regulatory AUM
- $117M
- AUM share
- 47.5%
- Avg. per client
- $3.55M
- Clients
- 12
- Regulatory AUM
- $20.7M
- AUM share
- 8.4%
- Avg. per client
- $1.73M
- Clients
- 19
- Regulatory AUM
- $4.07M
- AUM share
- 1.6%
- Avg. per client
- $214K
- Clients
- 7
- Regulatory AUM
- $3.05M
- AUM share
- 1.2%
- Avg. per client
- $436K
- Clients
- 25
- Regulatory AUM
- $2.02M
- AUM share
- 0.8%
- Avg. per client
- $80.9K
Total
- Clients
- 442
- Regulatory AUM
- $247M
- AUM share
- 100%
- Avg. per client
- $559K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 135
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Tenet Wealth Partners charges up to 1.60% a year for its Investment Management Services. The fee is billed in advance. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning
- Fee set in the financial planning agreement; the brochure gives no rate.
Kevan Melchiorre owns 50% to 75% of Tenet Wealth Partners. The leadership team of Tenet Wealth Partners includes Chief Compliance Officer Bradley Stark. It has 4 employees, 3 of them in advisory roles.
Leadership
- Bradley StarkChief Compliance Officer
Kevan MelchiorreOwner / Managing Director
Kyle WettersOwner / Managing Director
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
Staff
- 4 employees
- 3 in advisory functions
- 3 state-registered reps
- 1 insurance agent
- 1 soliciting firm
- Owns 50% to 75% of Tenet Wealth Partners, LLC
Kevan Melchiorre
Control person · since December 2025
- Owns 50% to 75% of Tenet Wealth Partners, LLC
Kyle Wetters
Control person · since December 2025
Besides its headquarters, Tenet Wealth Partners has 0 offices, with 1 listed address in Illinois.
Illinois · 1 listed address
- 301 N Neil Street, Suite 303, ChampaignHQ
Contact and registration details
- Legal name
- Tenet Wealth Partners, LLC
- Headquarters
- 301 N Neil Street, Suite 303, Champaign, IL 61820
- Website
- tenetwealthpartners.com
- Phone
- 217-281-4250
- SEC file
- 801-135114
- Structure
- Delaware LLC
- Fiscal year end
- December
Tenet Wealth Partners uses Pershing ($221M) as custodian for its separately managed accounts. Tenet Wealth Partners does not have custody of client assets.
- PershingPershing LLC · Jersey City, NJ · $221M100%
Tenet Wealth Partners’ reported 13F holdings for the quarter ended 30 June 2026 total $134M across 101 positions; the largest are iShares TR (25.7%), J P Morgan Exchange Traded F (5.2%) and Global X Fds (4.4%).
What the accounts hold
- Other100%
- The adviser did not have any regulatory assets under management as of december 31, 2025. the firm filed for temporary 120-day exempt status in january 2026.100%
Reported 13F holdings
- $134M
- Reported 13F value
- 101
- Positions
- 54.6%
- In the 10 largest
- —
- Value vs. prior quarter
- iShares TR · Core S&P500 ETF25.7%
- J P Morgan Exchange Traded F · Active Bond ETF5.2%
- Global X Fds · US Infr Dev ETF4.4%
- Vanguard BD Index Fds · Intermed Term4.0%
- SPDR Index Shs Fds · ST Port Mark ETF3.1%
- Dimensional ETF Trust · Intl Core EQT MK2.9%
- Microsoft Corp.2.7%
- Nvidia Corporation2.4%
- iShares TR · Core MSCI Intl2.3%
- iShares Gold TR · iShares New2.0%
Together, the ten largest are 54.6% of reported value.
How many clients does Tenet Wealth Partners have?
Tenet Wealth Partners has 442 clients and manages $247 million for them, as of August 2026. They include 346 individual clients, 33 high-net-worth individuals and 25 other clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 August 2026
What services does Tenet Wealth Partners offer?
Tenet Wealth Partners provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, publishing newsletters, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Tenet Wealth Partners charge?
Tenet Wealth Partners charges up to 1.60% a year for its Investment Management Services. The fee is billed in advance.
Source: ADV PART 2A DISCLOSURE BROCHURE - TENET WEALTH PARTNERS, filed 5 May 2026
Which custodians does Tenet Wealth Partners use?
Tenet Wealth Partners’ separately managed account assets are held at Pershing LLC (Jersey City, NJ), with $221M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 26 August 2026
How many financial advisors does Tenet Wealth Partners have?
Tenet Wealth Partners has 3 investment adviser representatives registered with state securities authorities, out of 4 employees, and 3 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Tenet Wealth Partners invest in?
At the end of its last fiscal year, Tenet Wealth Partners’ separately managed accounts held 100% other. The 100% other category is described as: The Adviser Did Not Have Any Regulatory Assets Under Management As of December 31, 2025. the Firm Filed for Temporary 120-Day Exempt Status in January 2026.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Tenet Wealth Partners?
Tenet Wealth Partners’ direct owners are Kevan Melchiorre (50% to 75%) and Kyle Wetters (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 26 August 2026
How does Tenet Wealth Partners get paid?
Tenet Wealth Partners is paid through a percentage of assets under management, fixed fees and other compensation. 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 Tenet Wealth Partners?
Tenet Wealth Partners’ main office is at 301 N Neil Street, Suite 303, Champaign, IL 61820. Its phone number is 217-281-4250. Its website is tenetwealthpartners.com.