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Blackhawk Capital Partners, LLC

Updated today

Client assets under management

$399,991,507

Clients

307

53% high-net worth

Advisors

7

of 7 employees

Firm type

Team

4-10 advisors or $500M+ in AUM

Clients per advisor

44

Low

Average account size

$1,302,904

About

Blackhawk Capital Partners provides investment advisory and financial planning services to individuals, high‑net‑worth clients, pension and profit‑sharing plans, trusts, estates, charitable organizations, corporations and other business entities. The firm offers discretionary portfolio management, selection and oversight of third‑party money managers (TPMMs), wealth and business planning, model portfolio provisioning and sub‑advisory services, managing roughly $450–452 million for about 300 clients through a team of seven advisors.

Portfolios are managed to each client’s goals, time horizon and risk tolerance, with Blackhawk frequently seeking limited discretionary authority to implement asset allocation, security selection and ongoing monitoring; the firm uses quantitative optimization, technical and computer‑based models and third‑party research and technology vendors (including Orion for billing and reporting). Blackhawk also operates as a model portfolio provider and sub‑adviser, publishing a proprietary Blackhawk Dividend Growth Strategy to third‑party platforms and rebalancing models at least monthly while conducting account reviews at least quarterly.

The brochure discloses a set of business features that are less common among peers: several advisory personnel are registered representatives of United Planners (and the firm holds a reported 0.27% ownership interest in that broker‑dealer), some advisory personnel may receive commission‑based compensation and insurance commissions, and the firm participates in broker‑dealer/custodian programs that can create economic conflicts of interest. The firm also notes an economic incentive to utilize its proprietary model strategies when available on separate account platforms and describes multiple fee and commission arrangements (including use of TPMMs and sub‑advisory platforms) that clients should consider when evaluating conflicts of interest.

Client services

Financial planning Portfolio management Pension consulting Selection of other advisers

Expertise

Private / alternative investments Real estate investing Concentrated stock management

Occupation focus

Founder/Business Owner

Fee options

Fixed

Financial planning fixed fees mutually agreed upon with client

Commissions

Certain personnel may receive commissions for sales of securities and insurance products

Project-based

Financial planning fees up to $250 per hour

Other

Fee-only: Financial planning fees billed at max $250 per hour or fixed fee mutually agreed

Main office location

Blackhawk Capital Partners, LLC

167 S. Main Street

Thiensville WI 53092, United States

Number of offices

2

Most active in

Arizona · Colorado · Florida · Illinois · Indiana · Massachusetts · New York · Oregon · Texas · Wisconsin

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Donald T

CFP®, Series 63, Series 66

Thiensville, WI

Blackhawk Capital Partners, LLC

Donald Tendick is a financial advisor with Blackhawk Capital Partners, LLC in Thiensville, WI, holding the CFP® designation and Series 63 and 66 licenses. He has 23 years of industry experience and has held roles at multiple firms including KPDT, LLC, Lion Street, United Planners' Financial Services, and Tendick Business Group, LLC. Outside of advisory work, he is the owner and producer at Lion Street, a non-variable insurance business. Blackhawk Capital Partners is an independent asset management and financial planning firm serving individuals, high-net-worth clients, retirement plans, trusts, estates, charitable organizations, and businesses. The firm manages portfolios on a discretionary basis using quantitative optimization, computer models, technical analysis, and fundamental research, and also offers third-party manager selection and proprietary investment strategies.

Private / alternative investments Real estate investing Concentrated stock management Founder/Business Owner
user avatar

Susan B

CFP®, ChFC®, Series 63, Series 66

Scottsdale, AZ

Blackhawk Capital Partners, LLC

Susan Brousseau is a financial advisor at Blackhawk Capital Partners, LLC with 12 years of industry experience. She holds the CFP® and ChFC® designations and has been with Blackhawk Capital Partners since 2014. In addition to her advisory role, she is a licensed insurance agent, dedicating a limited amount of time to insurance activities that involve commissionable products. Blackhawk Capital Partners is an independent asset management and financial planning firm serving individuals, high-net-worth clients, retirement plans, trusts, estates, charitable organizations, and businesses. The firm manages portfolios on a discretionary basis tailored to client goals using quantitative optimization, computer models, and fundamental research, and it offers services including third-party manager selection and proprietary model strategies.

Private / alternative investments Real estate investing Concentrated stock management Founder/Business Owner
user avatar

Matthew K

CFA®, Series 63, Series 66

Scottsdale, AZ

Blackhawk Capital Partners, LLC

Matthew Kruelle is a financial advisor at Blackhawk Capital Partners, LLC in Scottsdale, AZ, holding the CFA® designation with six years of industry experience. Prior to joining Blackhawk in 2021, he worked at The Vanguard Group and has been a self-published author since 2020. Blackhawk Capital Partners is an independent asset management and financial planning firm serving individuals, high-net-worth clients, retirement plans, trusts, charitable organizations, and businesses. The firm manages portfolios on a discretionary basis using quantitative optimization, technical analysis, fundamental research, and third-party managers, including its proprietary Blackhawk Dividend Growth Strategy.

Private / alternative investments Real estate investing Concentrated stock management Founder/Business Owner
user avatar

Mario D

Series 66

Scottsdale, AZ

Blackhawk Capital Partners, LLC

Mario Di Venere is a financial advisor at Blackhawk Capital Partners, LLC with two years of industry experience. He holds a Series 66 designation and has prior experience at Bank of America and Merrill Lynch. Di Venere also has a background involving Baseballism and insurance production. Blackhawk Capital Partners is an independent asset management and financial planning firm serving individuals, high-net-worth clients, retirement plans, trusts, estates, charitable organizations, and businesses. The firm manages discretionary portfolios tailored to client goals using quantitative optimization, technical analysis, fundamental research, and also offers third-party manager selection and proprietary dividend growth strategies.

Private / alternative investments Real estate investing Concentrated stock management Founder/Business Owner
user avatar

Christopher N

Series 66

Scottsdale, AZ

Blackhawk Capital Partners, LLC

Christopher Nei is a financial advisor at Blackhawk Capital Partners, LLC with 19 years of industry experience. He holds a Series 66 designation and has been with Blackhawk Capital Partners since 2013, where he serves as a partner and head of portfolio management. Outside of his advisory role, Nei is also a trustee and owner of Tinaje, LLC, a non-investment-related business. Blackhawk Capital Partners is an independent asset management and financial planning firm serving individuals, high-net-worth clients, retirement plans, trusts, estates, charitable organizations, and businesses. The firm manages portfolios on a discretionary basis using quantitative optimization, computer models, technical analysis, and fundamental research, and also provides third-party manager selection and model-provider services.

Private / alternative investments Real estate investing Concentrated stock management Founder/Business Owner
user avatar

Patrick R

Series 63, Series 65

Venice, FL

Blackhawk Capital Partners, LLC

Patrick Retzer is a senior vice president and wealth advisor at Blackhawk Capital Partners, LLC with 38 years of industry experience. He has worked at Polar Investment Counsel, Inc. for over two decades and operates a sole proprietorship providing tax, accounting, and research services. Blackhawk Capital Partners is an independent asset management and financial planning firm serving individuals, high-net-worth clients, retirement plans, trusts, charitable organizations, and businesses. The firm employs a discretionary, tailored investment approach that combines quantitative optimization, computer models, technical analysis, and fundamental research, alongside the use of third-party managers and proprietary strategies.

Private / alternative investments Real estate investing Concentrated stock management Founder/Business Owner
user avatar

Kevin P

CFP®, Series 63

Thiensville, WI

Blackhawk Capital Partners, LLC

Kevin Perlberg is a CFP® with 38 years of industry experience and serves as a managing partner at Blackhawk Capital Partners, LLC. He has been associated with Blackhawk since 1984 and holds roles at several related entities, including Lion Street and KPDT, LLC. Outside of his advisory work, he is involved in non-variable insurance production and real estate activities. Blackhawk Capital Partners is an independent asset management and financial planning firm advising individuals, high-net-worth clients, retirement plans, trusts, estates, charitable organizations, and businesses. The firm manages discretionary portfolios tailored to client goals using quantitative optimization, technical analysis, and fundamental research, and also acts as a model provider and sub-adviser.

Private / alternative investments Real estate investing Concentrated stock management Founder/Business Owner
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