DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Redtree Investment Group

Institutional managerCincinnati, OhioCRD 171615SEC 801-79797websiteIAPD
Legal name Kindred Spirits Investment Management, LLC
Latest filing Feb 24, 2026
First filing on the tape May 19, 2014 · 27 filings
SEC status approved since Jun 18, 2014
RAUM
$9.7B
reported, Item 5.F
Discretionary
99%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
6
registered through the firm on IAPD
RAUM per advisor
$1.6B
derived; firm RAUM over IAPD count
Employees
9
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
27 filings and snapshots on the tape
RAUM$9.7B as of Feb 24, 2026
Mar 27, 2015$1.5B then
HNW client RAUM$0 as of Feb 24, 2026
Mar 3, 2025$0 then
State-registered IARs (5.B.3)5 as of Feb 24, 2026
Mar 27, 20153 then
Employees (5.A)9 as of Feb 24, 2026
Mar 27, 20154 then
Private funds: no history
RAUM +11% over the last fiscal year+10% a year over threeIARs 5 to 5
Practice profile
derived from the filing of Feb 24, 2026; every figure names its basis
Archetypes, each a printed rule
  • Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
RAUM per advisor
$1.6BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$18.0MderivedRAUM over accounts (5.F.2.f)
Discretionary
99%derivedof RAUM
Institutional
100%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.5derivedItem 5.A over advisors
Advisors per office
6.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+11%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
portfolio management for businesses and institutionsreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • State and municipal entities$9.7B100%
  • Banks and thrifts$7.6M0.1%
  • Charitable organizations$1.8M0.0%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
0reported
Charitable clients
1reported
Accounts
538reported
Financial planning clients
1-10reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixedreported
Class basis
private_client_share=0.0 fund_share=0.0 institutional_share=1.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
6 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Ryan Keith NelsonChartered Financial AnalystCincinnati, OhJul 16, 201430 y3
Jennifer Carey TrowbridgeChartered Financial AnalystCincinnati, OhJul 16, 201418 y2
Anthony Joseph MartinoCincinnati, OhOct 23, 201411 y0
Joseph William ViolandCincinnati, OhMar 28, 201611 y0
Timothy Kyle LivingoodCincinnati, OhApr 22, 202010 y0
David James DonnellyCincinnati, OhFeb 19, 202612 y0
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Keith Ryan Nelson · Managing Principalcontrol
    since 05/2014 · owns 50% to 75%
  • Carey Jennifer Trowbridge · Managing Principalcontrol
    since 05/2014 · owns 50% to 75%
  • William Phelps · Chief Operations Officer
    since 12/2017 · owns less than 5%
  • Lynne Kristin Prieur · Chief Compliance Officer
    since 02/2024 · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Cincinnati, Oh · principal610
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Accounts · 514 to 538
    Sep 19, 2025 to Feb 24, 2026
  • Charity clients · 2 to 1
    Sep 19, 2025 to Feb 24, 2026
  • Discretionary RAUM · $8.6B to $9.6B
    Sep 19, 2025 to Feb 24, 2026
  • Non-discretionary RAUM · $106M to $118M
    Sep 19, 2025 to Feb 24, 2026
  • RAUM · $8.7B to $9.7B
    Sep 19, 2025 to Feb 24, 2026
  • Accounts · 484 to 514
    Mar 25, 2024 to Mar 3, 2025
  • Financial planning clients · unset to 1-10
    Mar 25, 2024 to Mar 3, 2025
  • Discretionary RAUM · $7.9B to $8.6B
    Mar 25, 2024 to Mar 3, 2025
  • HNW RAUM · unset to 0.0
    Mar 25, 2024 to Mar 3, 2025
  • Individual RAUM · unset to 0.0
    Mar 25, 2024 to Mar 3, 2025
  • Non-discretionary RAUM · $108M to $106M
    Mar 25, 2024 to Mar 3, 2025
  • Pension RAUM · unset to 0.0
    Mar 25, 2024 to Mar 3, 2025
  • Pooled vehicle RAUM · unset to 0.0
    Mar 25, 2024 to Mar 3, 2025
  • RAUM · $8.0B to $8.7B
    Mar 25, 2024 to Mar 3, 2025
  • Accounts · 455 to 484
    Mar 28, 2023 to Mar 25, 2024
  • Advisory employees · 6 to 5
    Mar 28, 2023 to Mar 25, 2024
  • Employees · 8 to 9
    Mar 28, 2023 to Mar 25, 2024
  • State-registered IARs · 6 to 5
    Mar 28, 2023 to Mar 25, 2024
  • Other offices · 1 to 0
    Mar 28, 2023 to Mar 25, 2024
  • Discretionary RAUM · $7.1B to $7.9B
    Mar 28, 2023 to Mar 25, 2024
  • Non-discretionary RAUM · $92.6M to $108M
    Mar 28, 2023 to Mar 25, 2024
  • RAUM · $7.2B to $8.0B
    Mar 28, 2023 to Mar 25, 2024
  • Accounts · 415 to 455
    Oct 5, 2022 to Mar 28, 2023
  • Discretionary RAUM · $6.2B to $7.1B
    Oct 5, 2022 to Mar 28, 2023
  • Non-discretionary RAUM · $81.1M to $92.6M
    Oct 5, 2022 to Mar 28, 2023
  • RAUM · $6.3B to $7.2B
    Oct 5, 2022 to Mar 28, 2023
  • Accounts · 380 to 415
    Mar 17, 2021 to Mar 31, 2022
  • Discretionary RAUM · $4.7B to $6.2B
    Mar 17, 2021 to Mar 31, 2022
  • Non-discretionary RAUM · $208M to $81.1M
    Mar 17, 2021 to Mar 31, 2022
  • RAUM · $4.9B to $6.3B
    Mar 17, 2021 to Mar 31, 2022
  • Accounts · 357 to 380
    Mar 23, 2020 to Mar 17, 2021
  • Discretionary RAUM · $4.1B to $4.7B
    Mar 23, 2020 to Mar 17, 2021
  • Non-discretionary RAUM · $199M to $208M
    Mar 23, 2020 to Mar 17, 2021
  • RAUM · $4.3B to $4.9B
    Mar 23, 2020 to Mar 17, 2021
  • Discretionary RAUM · $4.1B to $4.1B
    Nov 7, 2019 to Mar 23, 2020
  • Non-discretionary RAUM · $178M to $199M
    Nov 7, 2019 to Mar 23, 2020
  • RAUM · $4.3B to $4.3B
    Nov 7, 2019 to Mar 23, 2020
  • Accounts · 331 to 357
    Oct 29, 2019 to Nov 7, 2019
  • Advisory employees · 4 to 6
    Oct 29, 2019 to Nov 7, 2019
  • Employees · 6 to 8
    Oct 29, 2019 to Nov 7, 2019
Signals
8 dated events
  • Perdue Alisha Dowell (Chief Compliance Officer) no longer on Schedule A of Redtree Investment Group (listed 2023-03-28, absent 2024-03-25)
    Mar 25, 2024 · Control person left · inference
  • Redtree Investment Group reported RAUM $6.3B, up 28% from $4.9B (2021-03-17 to 2022-03-31)
    Mar 31, 2022 · RAUM change · derived
  • John Neal Lewis no longer registered at Redtree Investment Group; no later IA registration on IAPD
    Jan 4, 2022 · Advisor departure · fact
  • Perdue Alisha Dowell (Chief Compliance Officer) appeared on Schedule A of Redtree Investment Group
    Oct 29, 2019 · Control person joined · fact
  • Daniel Patrick Hayes (Chief Compliance Officer) no longer on Schedule A of Redtree Investment Group (listed 2019-08-29, absent 2019-10-29)
    Oct 29, 2019 · Control person left · inference
  • Ashley Matthew Swendiman (Chief Compliance Officer) no longer on Schedule A of Redtree Investment Group (listed 2019-01-24, absent 2019-03-15)
    Mar 15, 2019 · Control person left · inference
  • Daniel Patrick Hayes (Chief Compliance Officer) appeared on Schedule A of Redtree Investment Group
    Mar 15, 2019 · Control person joined · fact
  • Redtree Investment Group filed its initial SEC registration (Form ADV)
    May 19, 2014 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
Firm profile
linkedin.com/company/redtree-investment-groupreportedpublic record, Form ADV, Sep 17, 2026
Website
REDTREEINV.COMreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
888-596-2293reportedpublic record, Form ADV, Feb 24, 2026
Provenance
Form ADV
SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors
IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class
Institutional managerderiveda rule over Items 5.D and 7.A
RAUM per advisor
$1.6Bderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026