Kindred Spirits Investment Management, LLC (Cincinnati)


Kindred Spirits Investment Management, LLC is a large advisory firm based in Cincinnati. It manages $3.75 billion of regulatory assets for 331 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of Ohio.

Kindred Spirits Investment Management provides portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Kindred Spirits Investment Management: assets under management

The assets under management (AUM) of Kindred Spirits Investment Management, LLC is $3.75 billion. The firm's AUM has grown by 202% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.64 billion in discretionary accounts and $102.83 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $11.9 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.11 million.

Investments

The firm invests in government bonds the most. They account for 46% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 37% of the firm’s portfolio. Investments in cash and cash equivalents form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kindred Spirits Investment Management, LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Kindred Spirits Investment Management serves?

The firm provides services to charitable organizations, banking or thrift institutions, and state or municipal government entities. The largest group of clients of Kindred Spirits Investment Management is state or municipal government entities with 214 clients and $3.72 billion of assets under management. Among the 7 most similar advisory firms, Kindred Spirits Investment Management has the highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $3.75 billion for 217 clients. None of the firm’s clients are foreign persons or businesses.

Kindred Spirits Investment Management doesn't advise any private funds.

Careers at Kindred Spirits Investment Management, LLC

The company employs 6 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Ryan Keith Nelson Managing principal 1 May 2014 50% - 75% 2469485
Jennifer Carey Trowbridge Managing principal 1 May 2014 50% - 75% 3000281
Matthew Ashley Swendiman Chief compliance officer 1 May 2014 Other 2849367
Patrick Daniel Hayes Chief compliance officer 1 Jan 2019 Other 6571587

Based in Cincinnati

The principal office where Kindred Spirits Investment Management, LLC performs its advisory services is located at 4016 Allston Street, Cincinnati, OH 45209, which is also the mailing address of the firm. An additional office of the firm is in Columbus, OH. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 888-596-2293. The normal business hours are 9:00-5:00 on Monday - Friday. You can find more information about the New York firm at redtreeinvestmentgroup.com.