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Top Financial Advisors in Evansville, IN

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Finding a Top Financial Advisor Firm in Evansville, Indiana

There are a few financial advisor firms to choose from in Evansville, Indiana, and it can be tough to narrow down which one is the best option for you. To help you decide, SmartAsset has taken a careful look at each firm, taking into account their typical advisory services, client base, account minimums, financial certifications, investing strategies and more. Check out SmartAsset's free advisor matching tool to be connected with up to three advisors who serve your area.

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Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 Donaldson Capital Management, LLC Donaldson Capital Management, LLC logo Find an Advisor

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$2,616,028,278 $500,000
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Publication of periodicals
  • Educational seminars
  • Portfolio and investment consultation

Minimum Assets

$500,000

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Publication of periodicals
  • Educational seminars
  • Portfolio and investment consultation
2 Pettinga Financial Advisors, LLC Pettinga Financial Advisors, LLC logo Find an Advisor

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$965,820,170 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Advisor selection

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Advisor selection
3 Freeman, Will & Niemeier, Inc. Freeman, Will & Niemeier, Inc. logo Find an Advisor

Read Review

$230,102,293 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting

What We Use in Our Methodology

To find the top financial advisors in Evansville, we first identified all firms registered with the SEC in the city. Next, we filtered out firms that don't offer financial planning services, those that don't serve primarily individual clients and those that have disclosures on their record. The qualifying firms were then ranked according to the following criteria:

  • AUM
    Firms with more total assets under management are ranked higher.
  • Individual Client Count
    Firms who serve more individual clients (as opposed to institutional clients) are ranked higher.
  • Clients Per Advisor
    Firms with a lower ratio of clients per financial advisor are ranked higher.
  • Age of Firm
    Firms that have been in business longer are ranked higher.
  • Fee Structure
    Firms with a fee-only (as opposed to fee-based) compensation structure are ranked higher.

All information is accurate as of the writing of this article. This list may include firms that have a business relationship with SmartAsset, in which SmartAsset is compensated for lead referrals. Such relationships have no impact on our rankings, and firms are included and ranked based strictly on the above criteria.

Donaldson Capital Management

Donaldson Capital Management takes the top spot on our Evansville list. It boasts billions of dollars in assets under management and has a large staff of in-house financial advisors. The firm provides financial planning, investment portfolio management and financial consulting services. Its client base includes both high-net-worth and non-high-net-worth individuals, as well as institutional clients like retirement plans, charities and businesses.

If you want to work with an advisor at Donaldson, you'll need at least $500,000 in investable assets. The firm reserves the right to reduce or waive this minimum.

Donaldson is a fee-only firm, so its only form of compensation is client-paid fees. The firm employs several advisors with financial certifications, including chartered financial analyst (CFA), certified financial planner (CFP), chartered retirement planning counselor (CRPC) and more.

Donaldson Capital Management Background

Donaldson Capital Management was founded in 1995. The firm's two principal owners are chairman and director of portfolio strategy Gregory Donaldson and firm president Michael Hull. These two employees combine to own about 60% of the firm's shares, with the remaining 40% belonging to other employees. In addition to its Evansville headquarters, the firm also has locations in Columbus and Atlanta.

This firm provides services like customized investment management, regular portfolio monitoring, investment consulting for outside accounts, retirement planning, estate planning, tax planning, education fund planning and more. Almost all of the assets under Donaldson's control are managed on a discretionary basis.

Donaldson Capital Management Investment Strategy

Advisors at Donaldson Capital Management look to tailor investment strategies to the individual needs of each client. The firm advises clients on a wide range of investments, including stocks of varying market capitalizations, fixed-income securities, exchange-traded funds (ETFs), index funds and more. However, the firm explicitly states in its Form ADV that it does not provide advice on futures contracts, hedge funds or non-registered securities.

The firm uses a combination of fundamental, technical and statistical analysis to determine investments for client portfolios. Advisors use strategies like long- and short-term purchases, trading, short sales, margin transactions and options writing. While Donaldson doesn't typically engage in market-timing strategies, advisors may do so if they believe it to be in line with a clients' personal needs and goals.

Pettinga Financial Advisors

Pettinga Financial Advisors works mainly with individual clients, with a split between those with and without a high net worth. The firm works with some institutions as well, such as retirement plans, businesses and charities. There is no stated minimum balance for clients looking to open an account at Pettinga.

The firm offers dedicated financial planning and investment management services to clients. Financial planning topics covered by the firm include risk management, financial goal-setting, retirement planning, tax planning, estate planning, education fund planning and more. Pettinga does not provide legal or accounting advice.

Pettinga is a fee-only firm, meaning it only takes advisory fees directly from its clients, avoiding all third-party compensation, like insurance commissions, in the process.

Pettinga Financial Advisors Background

Pettinga Financial Advisors was created in 1994, and it registered as an investment advisor in the same year. Pettinga is a wholly owned subsidiary of financial services holding company Focus Operating, LLC, which is in turn indirectly owned by Focus Financial Partners, Inc., one of the largest financial services companies in the U.S.

The firm employs three certified financial planners (CFPs), three certified public accountants (CPAs) and two personal financial specialists (PFSs).

Pettinga Financial Advisors Investment Strategy

Each client at Pettinga has an on-staff financial advisor that works directly with them. They are responsible for managing the client's assets in conjunction with their investment wants, needs and objectives. These factors can encompass include risk tolerance, time horizon, income needs, liquidity needs and more. Based on their findings, advisors will allocate client assets across a variety of different investments according to a specifically built strategy.

While the firm's advisors typically use a range of mutual funds and ETFs when it comes to crafting client portfolios, they may use other investments, like fixed-income securities, limited partnerships, covered calls or even independent money managers. Advisors may also recommend model portfolios on a case-by-case basis.

Freeman, Will & Niemeier

Freeman, Will & Niemeier is the final firm on our list. Its limited staff of financial advisors makes it the smallest team on this list. The firm has both individual and institutional clients. All of the firm's individual clients come in below the high-net-worth threshold, and its only institutional clients are retirement plans. The firm's Form ADV does not list a specific minimum investment requirement.

The firm provides financial planning, portfolio management and pension consulting services. Financial planning services can cover a wide range of topics, including tax planning, retirement planning, estate planning, cash flow planning and more. The firm manages all investable assets under its control on a non-discretionary basis, which means it must get clients' permission before making investment decisions for them.

This is a fee-based firm, as some advisors are registered representatives of a broker-dealer or independent life insurance agents. As a result, these advisors can receive commissions from the sale of certain financial products to clients. Despite the potential conflict of interest this creates, the firm is bound by fiduciary duty to act in clients' best interests.

Freeman, Will & Niemeier Background

Freeman, Will & Niemeier was founded in 1971 by three people: Patrick Freeman, James Will and Norbert Niemeier. Today, only Patrick Freeman works at the firm, and he serves as its president, CEO and sole owner. He also has over 50 years' experience in the financial services industry.

Patrick Freeman is a chartered life underwriter (CLU), chartered financial consultant (ChFC) and certified financial planner (CFP). Vice president Evan Freeman is a certified public accountant with a personal finance specialization (CPA/PFS).

Freeman, Will & Niemeier Investment Strategy

Freeman, Will & Niemeier works on an personal basis with all of its clients, taking note of individual preferences when it comes to risk tolerance, time horizon, desired investment strategy and any other relevant details. Advisors use a plethora of different investments when it comes time to build client portfolios. These include a variety of securities, like stocks, bonds, commerical paper, ETFs, certificates of deposit (CDs) and mutual funds.

When evaluating potential investments for clients, advisors use fundamental and technical methods of analysis, while also engaging in analysis specifically for mutual funds and ETFs. The firm also places significant emphasis on effective asset allocations in an effort to balance each portfolio it creates. Investments are typically carried out on a long-term basis, as the firm believes this to be a more effective way to invest. The firm will review and rebalance portfolios on an annual basis.

How Long $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We weighed potential expenditures for a prospective retiree with a  $1 million nest egg to assess how many years that fund would cover in retirement in America’s largest cities.

We applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in metro areas across the U.S.

We assumed the $1 million would grow at a net annual return of 2% after inflation. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.