Firm Description
Kindred Spirits Investment Management, LLC d/b/a RedTree Investment Group (the
“Adviser”) is an Ohio Limited Liability Company formed on April 14, 2014. Ryan K. Nelson
and Jennifer C. Trowbridge are the principal owners of the Adviser, and each own 50% of the
membership units of the Adviser. The Adviser is an investment adviser registered with the
Securities and Exchange Commission (“SEC”) under the Investment Advisers Act of 1940,
as amended (the “Investment Advisers Act”).
The Adviser offers various investment advisory services to clients, including: (i) portfolio
management and analysis, (ii) analysis and recommendations regarding asset allocation and
investment strategies, (iii) research, analysis and recommendations regarding individual
securities, (iv) investment consulting, (v) financial planning, and (vi) account performance
monitoring. Client portfolios are managed in a manner designed to produce similar investment
returns, given specific investment parameters and to limit the dispersion of such investment
returns in comparison to a representative benchmark index. The benchmark index is chosen
by each client based on the investment parameters of each portfolio.
The investment advice that the Adviser provides to its clients generally relates to fixed-income
investments. The investments may include any combination of government and government
agency debt, corporate bonds, municipal securities, commercial paper, certificates of deposit,
money market mutual fund shares, and mortgage-backed and asset-backed instruments,
among others.
Subject to the agreement of the Adviser, a client may impose reasonable restrictions on the
securities or types of securities to be held in the client’s account. Please see “Investment
Discretion” below for more information.
All of the investment strategies discussed in this Brochure may not be appropriate for every
client. The Adviser will only select or recommend those strategies believed to be suitable for
a particular client. A client that wishes to retain the services of the Adviser will enter into an
investment management agreement with the
Adviser. The investment management agreement
will contain the specific terms applicable to the client’s advisory relationship with the Adviser.
Investment advisory services offered by the Adviser are specifically tailored to meet the needs
of each client. A client is responsible for providing to the Adviser information that the Adviser
reasonably requires in order to provide the services selected by the client including, but not
limited to, any investment policy statement and anticipated liquidity needs. The Adviser will
rely on this information when providing its advisory services. A client is also responsible for
informing the Adviser in writing of any material change in circumstances that might
materially affect the manner in which the client’s assets should be invested.
Tailored Relationships
At the Adviser, advisory services are tailored to the specific needs of each client. Prior to
providing advisory services, the Adviser will ascertain each client’s investment goals and
objectives. The Adviser then allocates and/or recommends that the client allocate investment
assets consistent with the designated investment objective. The client may, at any time, impose
reasonable restrictions on the Adviser’s services, but restrictions must be delivered to the
Adviser in writing, and must be signed by the client.
In performing services for the client, the Adviser is not required to verify any information it
received from the client or from the client’s other professionals and the Adviser is expressly
authorized by the client to rely on this information. Each client is advised that it remains the
client’s responsibility to promptly notify the Adviser if there is ever any change in the client’s
financial situation or investment objectives for the purpose of reviewing, evaluating, or
revising the Adviser’s previous recommendations or services to the client.
Managed Assets
As of January 31, 2024, RedTree Investment Group managed $7,873,158,502 in assets on a
discretionary basis and $107,957,978 in assets on a non-discretionary basis. In addition,
RedTree has assets under advisement of $590,869,275.54.