# Redtree Investment Group

> 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.

- CRD: 171615
- Filed as: REDTREE INVESTMENT GROUP
- Legal name: Kindred Spirits Investment Management, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Cincinnati, OH
- Filing period: October 2026
- Form ADV filing dated: February 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/171615
- AdvisorCensus page: https://advisorcensus.com/firm/redtree-investment-group-cincinnati-oh-171615

## Quick answers

**How is Redtree Investment Group compensated?**
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).

**Where is Redtree Investment Group located?**
Redtree Investment Group's principal office is in Cincinnati, OH, according to its Form ADV.

**Is Redtree Investment Group registered with the SEC or a state?**
Redtree Investment Group is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 171615.

**How much does Redtree Investment Group manage?**
Redtree Investment Group reports $9,678,019,924 in regulatory assets under management in its Form ADV filing dated February 24, 2026 (99% discretionary).

**How have Redtree Investment Group's assets and staff changed since 2021?**
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.

**What types of clients does Redtree Investment Group serve?**
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).

**Which custodians does Redtree Investment Group use?**
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.

**Does Redtree Investment Group report any disciplinary disclosures?**
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

**Does Redtree Investment Group state an account minimum?**
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."

**What changed in Redtree Investment Group's recent Form ADV filings?**
In the March 2026 filing data: Regulatory assets under management went from $8,690,883,404 to $9,678,019,924 (+11%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated February 24, 2026)

- Account minimum: $1,000,000

> 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.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Fifth Third Securities, Inc.
- U.S. Bancorp Investments, Inc.

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.

### Regulatory assets under management (Item 5.F)
- Total: $9,678,019,924
- Discretionary: $9,560,231,280
- Non-discretionary: $117,788,644

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 1 | $7,552,810 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 1 | $1,797,864 |
| State or municipal government entities (including government pension plans) | 371 | $9,668,669,250 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2014 (12 years)
- Employees: 9 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: KY, MO, OH
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- redtreeinv.com
- redtreeinvestmentgroup.com
- LinkedIn @redtree-investment-group

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $4,903,871,252 | 8 | March 17, 2021 |
| October 2022 | $6,278,124,033 | 8 | April 18, 2022 |
| October 2023 | $7,240,028,513 | 8 | March 28, 2023 |
| October 2024 | $7,981,116,480 | 9 | March 25, 2024 |
| October 2025 | $8,690,883,404 | 9 | March 3, 2025 |
| October 2026 | $9,678,019,924 | 9 | February 24, 2026 |

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.

## Changes in the filing (last 12 months)

### March 2026
- Regulatory assets under management went from $8,690,883,404 to $9,678,019,924 (+11%).

### December 2025
- Registered or notice-filed in MO.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Redtree Investment Group (CRD 171615): Form ADV filing data as of October 2026.