{
  "crd_number": 171615,
  "slug": "redtree-investment-group-cincinnati-oh-171615",
  "primary_business_name": "REDTREE INVESTMENT GROUP",
  "legal_name": "KINDRED SPIRITS INVESTMENT MANAGEMENT, LLC",
  "dbas": [],
  "city": "Cincinnati",
  "state": "OH",
  "country": "United States",
  "cbsa_code": "17140",
  "metro": {
    "cbsa_code": "17140",
    "common_name": "Cincinnati",
    "msa_name": "Cincinnati, OH-KY-IN",
    "path": "/advisors/oh/cincinnati"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2014-06-18",
  "years_registered": 12,
  "period": "2026-10-01",
  "filing_date": "2026-02-24",
  "carried_forward": false,
  "raum_total": 9678019924.0,
  "raum_discretionary": 9560231280.0,
  "raum_non_discretionary": 117788644.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 9,
  "advisory_employees": 5,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 1797864.0,
      "count": 1,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 0.0,
      "count": 0
    },
    "banking_thrift": {
      "raum": 7552810.0,
      "count": 1,
      "fewer_than_5": true
    },
    "state_municipal": {
      "raum": 9668669250.0,
      "count": 371
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 0.0,
      "count": 0
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 0.0,
      "count": 0
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 0.0,
      "count": 0
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "KY",
    "MO",
    "OH"
  ],
  "websites": [
    "https://linkedin.com/company/redtree-investment-group",
    "https://redtreeinv.com",
    "https://redtreeinvestmentgroup.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/171615",
  "city_as_filed": "CINCINNATI",
  "url": "https://advisorcensus.com/firm/redtree-investment-group-cincinnati-oh-171615",
  "display_name": "Redtree Investment Group",
  "summary": "Redtree Investment Group is an SEC-registered investment advisory firm in Cincinnati, OH, registered since 2014, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated February 24, 2026.",
  "citation": "AdvisorCensus. Redtree Investment Group (CRD 171615): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Redtree Investment Group compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Redtree Investment Group reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)."
    },
    {
      "q": "Where is Redtree Investment Group located?",
      "a": "Redtree Investment Group's principal office is in Cincinnati, OH, according to its Form ADV."
    },
    {
      "q": "Is Redtree Investment Group registered with the SEC or a state?",
      "a": "Redtree Investment Group is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 171615."
    },
    {
      "q": "How much does Redtree Investment Group manage?",
      "a": "Redtree Investment Group reports $9,678,019,924 in regulatory assets under management in its Form ADV filing dated February 24, 2026 (99% discretionary)."
    },
    {
      "q": "How have Redtree Investment Group's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Redtree Investment Group: Regulatory assets under management: $4,903,871,252 in the October 2021 data and $9,678,019,924 in the October 2026 data, up 97%. Total employees: 8 in October 2021 and 9 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Redtree Investment Group serve?",
      "a": "By number of clients on Form ADV Item 5.D: state or municipal government entities (including government pension plans) (371); banking or thrift institutions (1); charitable organizations (1)."
    },
    {
      "q": "Which custodians does Redtree Investment Group use?",
      "a": "Redtree Investment Group's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fifth Third Securities, Inc. and U.S. Bancorp Investments, Inc. as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Redtree Investment Group report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/171615"
    },
    {
      "q": "Does Redtree Investment Group state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated February 24, 2026 says: \"The minimum asset value to open an account with the Adviser is typically $1,000,000. At times account balances may fall below this minimum due to liquidity needs.\""
    },
    {
      "q": "What changed in Redtree Investment Group's recent Form ADV filings?",
      "a": "In the March 2026 filing data: Regulatory assets under management went from $8,690,883,404 to $9,678,019,924 (+11%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 4903871252.0,
      "total_employees": 8,
      "filing_date": "2021-03-17"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 6278124033.0,
      "total_employees": 8,
      "filing_date": "2022-04-18"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 7240028513.0,
      "total_employees": 8,
      "filing_date": "2023-03-28"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 7981116480.0,
      "total_employees": 9,
      "filing_date": "2024-03-25"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 8690883404.0,
      "total_employees": 9,
      "filing_date": "2025-03-03"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 9678019924.0,
      "total_employees": 9,
      "filing_date": "2026-02-24"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Regulatory assets under management went from $8,690,883,404 to $9,678,019,924 (+11%)."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Registered or notice-filed in MO."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated February 24, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$1,000,000",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $1,000,000"
        ],
        "quotes": [
          "The minimum asset value to open an account with the Adviser is  typically $1,000,000. At times account balances may fall below this minimum due to liquidity needs."
        ]
      }
    ],
    "quotes": [
      "The minimum asset value to open an account with the Adviser is  typically $1,000,000. At times account balances may fall below this minimum due to liquidity needs."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Fifth Third Securities, Inc.",
      "name_as_filed": "FIFTH THIRD SECURITIES, INC.",
      "affiliated": false
    },
    {
      "name": "U.S. Bancorp Investments, Inc.",
      "name_as_filed": "U.S. BANCORP INVESTMENTS, INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/redtree-investment-group-cincinnati-oh-171615.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 1,
      "fewer_than_5": true,
      "raum": 7552810.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 1,
      "fewer_than_5": true,
      "raum": 1797864.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 371,
      "fewer_than_5": false,
      "raum": 9668669250.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/171615",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}