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Top Financial Advisor Firms in Indiana

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Finding a Top Financial Advisor Firm in Indiana

Financial advisor firms typically have different specialties and investment philosophies. To help you determine which firms fit your needs and which don’t, SmartAsset has come up with this list of Indiana’s top financial advisor firms. Below are each firm’s investing philosophies, fees, services and more, affording you a detailed look at what each firm can offer. For those who prefer a simpler search method, the SmartAsset financial advisor matching tool will automatically connect you with advisors in your area.

Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 Valeo Financial Advisors, LLC Valeo Financial Advisors, LLC logo Find an Advisor

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$4,922,455,400 No set account minimum
  • Financial planning
  • Portfolio management
  • Selection of other advisors

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Selection of other advisors
2 SYM Financial SYM Financial logo Find an Advisor

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$2,743,371,311 No set account minimum
  • Financial planning
  • Portfolio management
  • Selection of other advisors 
  • Pension consulting services

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Selection of other advisors 
  • Pension consulting services
3 Donaldson Capital Management, LLC Donaldson Capital Management, LLC logo Find an Advisor

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$1,934,778,650 $500,000
  • Financial planning
  • Portfolio management
  • Publication of periodicals or newsletters
  • Educational seminars/workshops
  • Portfolio and investment consultation services

Minimum Assets

$500,000

Financial Services

  • Financial planning
  • Portfolio management
  • Publication of periodicals or newsletters
  • Educational seminars/workshops
  • Portfolio and investment consultation services

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4 Windsor Wealth Management, Inc. Windsor Wealth Management, Inc. logo Find an Advisor

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$1,450,827,159 Varies based on account type
  • Financial planning
  • Portfolio management

Minimum Assets

Varies based on account type

Financial Services

  • Financial planning
  • Portfolio management
5 Bedel Financial Consulting, Inc. Bedel Financial Consulting, Inc. logo Find an Advisor

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$1,429,107,025 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
6 Axia Advisory Axia Advisory logo Find an Advisor

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$1,335,912,520 No set account minimum
  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors
  • Educational seminars

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Portfolio management
  • Pension consulting
  • Selection of other advisors
  • Educational seminars
7 Sheaff Brock Investment Advisors, LLC Sheaff Brock Investment Advisors, LLC logo Find an Advisor

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$1,038,203,948 $500,000
  • Financial planning
  • Portfolio management

Minimum Assets

$500,000

Financial Services

  • Financial planning
  • Portfolio management
8 Column Capital Advisors, LLC Column Capital Advisors, LLC logo Find an Advisor

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$1,013,791,153 $1,000,000
  • Financial planning
  • Portfolio management
  • Selection of other advisors

Minimum Assets

$1,000,000

Financial Services

  • Financial planning
  • Portfolio management
  • Selection of other advisors
9 Phillips Financial Phillips Financial logo Find an Advisor

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$1,007,160,193 No set account minimum
  • Financial planning
  • Asset management
  • Insurance management
  • Retirement plans
  • Business services

Minimum Assets

No set account minimum

Financial Services

  • Financial planning
  • Asset management
  • Insurance management
  • Retirement plans
  • Business services
10 CX Institutional, LLC CX Institutional, LLC logo Find an Advisor

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$936,021,363 Varies based on account type
  • Portfolio management
  • Financial planning and consulting
  • Non-disretionary pension consulting
  • Wrap fee programs

Minimum Assets

Varies based on account type

Financial Services

  • Portfolio management
  • Financial planning and consulting
  • Non-disretionary pension consulting
  • Wrap fee programs

How We Found the Top Financial Advisor Firms in Indiana

Our SmartAdvisor personal finance experts only considered Indiana-based financial advisor firms registered with the U.S. Securities and Exchange Commission (SEC) for inclusion on this list. That’s because the SEC requires registered firms to abide fiduciary duty, forcing them to act in clients’ best interests. We removed from contention firms that didn’t manage individual accounts, didn’t offer financial planning or had any disciplinary issues were removed from contention. The firms that fit these stipulations are listed below, ordered from the most assets under management (AUM) to the least.

All information is accurate as of the writing of this article. 

Valeo Financial Advisors, LLC

Valeo Financial Advisors, LLC

Valeo Financial Advisors, LLC is headquartered in Indianapolis and has the distinction of being our top financial advisor firm in Indianapolis as well. It manages billions in client assets, more than double the next closest firm on this list, SYM Financial. Even with this level of assets, the firm has no minimum account size.

The firm’s advisory staff is made up of dozens of members, which dwarfs the advisory teams of rest of the firms below. The team includes 30 certified financial planners (CFPs), five certified public accountants (CPAs), four certified divorce financial analysts (CDFAs), three certified employee benefit specialists (CEBSs), two chartered financial analysts (CFAs), one chartered life underwriter (CLU), one accredited investment fiduciary (AIF) and one accredited asset management specialist (AAMS).

The fee-only firm has more than 1,500 individual clients. More than 1,000 of those clients have a high net worth, giving its advisors ample experience working with this client type. Valeo also offers services for 401(k) plans, pension and profit-sharing plans, estates, trusts, businesses and charitable organizations.

Valeo Financial Advisors Background

Only three firms on this list are younger than Valeo Financial Advisors, LLC, which opened in 2003. Principal advisors John Trott, Richard Evans, John Wortman and Timothy Ginn wholly own the firm. The group averages more than 25 years in the financial services industry.

The services this firm offers include:

  • Cash flow analysis
  • Charitable giving
  • Education fund creation
  • Estate planning
  • Retirement planning
  • Tax minimization
  • Investment management
  • Insurance review

Valeo Financial Advisors Investing Strategy

While Valeo Financial Advisors abides by your financial goals, risk tolerance and time horizon when investing your assets, it simultaneously utilizes a varied investment class strategy. This essentially means that while the firm will always look to diversify your account, it may underweight or overweight specific asset classes if it believes that to be in your best interest.

Typically the firm invests in equities, fixed income, commodities, hedge funds, managed futures, master limited partnerships, pooled investment vehicles, venture capital and options. Pooled investments are utilized by this firm to afford clients the opportunity to invest in otherwise unreachable opportunities by combining their invested assets.

SYM Financial

SYM Financial

SYM Financial is an SEC-registered firm that has been doing business since 1985, making it one of the oldest firms on this list. It provides a diverse range of individual financial management services from cash-flow projection to saving for retirement and even health care expenses. 

It also holds billions in assets under management. 

SYM Financial Background 

SYM first opened its doors to the Indiana community in 1985. Today, it acts as a full-service form providing services all around wealth management. Working with SYM, you’d have access to advice on the following topics if you need it. 

  • Tax and cash flow management
  • Investment guidance
  • Insurance policy review and consulting
  • Estate planning

In addition, the firm can work with you on specific projects of your choice. 

SYM Investing Strategy 

SYM offers advice around any investments you may have including 401(k) plans, individual retirement accounts (IRAs), 529 plans and trust funds. The firm would consider several factors when delivering this advice including your time horizon, risk tolerance and financial needs. 

However, SYM doesn’t build investment portfolios for its clients. 

Donaldson Capital Management, LLC

Donaldson Capital Management, LLC

Evansville is the headquarters of Donaldson Capital Management, LLC. It is a fee-only firm that serves the financial planning and investment management needs of individuals (both high-net-worth and not), trusts, estates, pension and profit-sharing plans, charitable organizations, corporations and businesses.

You must have at least $500,000 in investable assets to begin a client relationship with this firm, tying it for the second-highest minimum on this list. At this firm, you’ll find 10 financial paraplanner qualified professionals (FPQPs), eight certified financial planners (CFPs), one accredited investment fiduciary (AIF), one certified public accountant (CPA), one chartered financial analyst (CFA), one chartered retirement planning counselor (CRPC) and one chartered retirement plans specialist (CRPS).

The Financial Times has named Donaldson Capital a top 300 financial advisor in the U.S. as recently as 2016.

Donaldson Capital Management Background

Chairman and director of portfolio strategy Gregory Donaldson founded Donaldson Capital Management, LLC in 1995. Donaldson now shares ownership of the firm with Michael Hull, its president. The duo has spent a combined 64 years in the financial services industry, including 43 years for Donaldson alone.

This firm doesn’t have a typical list of financial planning services. Instead, it focuses on listening to the individual needs of each client and building an investment plan around them.

Donaldson Capital Management Investing Strategy

Conservative investing is the central focus of Donaldson Capital Management, LLC. This approach has led the firm to target long-term financial gain for its clients. However, the firm does realize that most clients will require some level of liquidity in their accounts, so some short-term investing is also included.

To meet its own standards for success, this firm attempts to hit three essential benchmarks: security, income and growth. These refer to the long-term preservation of capital, generous and dependable income now and in the future and the growth of income at a rate faster than inflation.

Windsor Wealth Management, Inc.

Windsor Wealth Management, Inc.

Windsor Wealth Management is yet another firm based in Indianapolis. It occupies the second spot on SmartAsset’s list of the top financial advisor firms in Indianapolis. Regardless of the amount of investable assets you possess, you’ll be able to open an account with this firm, as it does not have a set account minimum. The firm’s client base is mostly made up of individuals, though businesses, trusts, estates, charitable organizations and pension and profit-sharing plans remain common clientele.

You’ll find five certified financial planners (CFPs), four chartered financial analysts (CFAs) and one certified public accountant (CPA) in this firm’s offices. This fee-based firm has advisors that may offer you insurance policies. While advisors may earn commissions from sales, the firm abides by fiduciary duty and therefore must act in your best interest at all times.

Windsor Wealth Management Background

Randall Clark and Channing Mitzell co-founded Windsor Wealth Management back in 1986, making it the oldest firm on this list. They currently completely own the firm. The firm has a team of nine advisors that have spent an average of 30 years in financial management.

This firm claims its top overall priority is avoiding a “one-size-fits-all” financial management approach. The firm provides the following needs-based services for clients:

  • Retirement planning
  • Estate planning and wealth transfer
  • Investment management
  • Tax planning
  • Insurance planning
  • Business succession
  • Custodial services
  • Asset protection

Windsor Wealth Management Investing Strategy

Like most firms, Windsor Wealth Management immediately meets with new clients to discuss their financial objectives, time horizon, liquidity needs and, most importantly, risk tolerance. Based on these factors, an investment plan is drafted that usually consists of some diversified combination of exchange-traded funds (ETFs), common stocks, corporate and municipal bonds and commercial paper.

Once this plan has been implemented, the firm will attempt to keep in frequent contact with you. You’ll receive reports at least every quarter from your advisor. These check-ins are meant to update you as to the current size of the account, if it needs to be rebalanced and, if so, by how much.

Bedel Financial Consulting, Inc.

Bedel Financial Consulting, Inc.

The fee-only financial advisor firm Bedel Financial Consulting, Inc. works with individuals, trusts, estates, charitable organizations and other institutions. It also typically manages the financial needs of families, making its approach a bit more holistic than some of the other firms on this list.

While there is no set minimum account size required, this firm does call for a minimum annual fee of $5,000. Ultimately, this works out to be a $477,000 account minimum. When it comes to advisor certifications, this firm’s team of advisors includes six certified financial planners (CFPs).

Bedel is located in Indianapolis. It is the third-ranked firm on SmartAsset’s list of the top financial advisors in Indianapolis. 

Bedel Financial Consulting Background

CEO, president and founder Elaine Bedel established Bedel Consulting, Inc. in 1989. However, she has been in investment management for nearly 40 years. She has received numerous professional awards and titles, including 2016’s Woman Business Owner of the Year by the National Association for Women Business Owners, as well as the honor of being named one of Financial Times’ top 300 RIAs in 2014 and 2016.

This firm says that it prefers not to be bogged down by the restraints of a defined set of financial planning services. With that being said, its most commonly provided services include:

  • Retirement planning
  • Estate planning
  • Income tax planning
  • Insurance needs analysis
  • Family business planning
  • Charitable gift planning
  • Education funding

Bedel Financial Consulting Investing Strategy

To build your portfolio, Bedel Financial Consulting uses a distinct strategy that combines the specializations of both financial planners and investment managers. The firm believes that this helps to set it apart from its competitors, as this provides clients with as complete and diversified a financial management portfolio as possible.

To ensure that all client portfolios are diversified appropriately, Bedel Financial Consulting, Inc. utilizes the following investment types: exchange-traded funds (ETFs), real estate investment trusts (REITs), exchange-listed securities, U.S. government securities, mutual funds, insurance products, municipal securities, warrants, corporate debt securities, certificates of deposit (CDs) and more.

Axia Advisory

Axia Advisory

Axia Advisory is an SEC-registered firm most known for working with corporate retirement plan sponsors. However, it also provides investment management consulting to individuals. Its individual client base consists of mostly high-net-worth individuals. Minimum investments will vary depending on what type of services you get, however. 

The firm currently generates billions in assets under management (AUM). 

Axia Advisory Background 

Axia has been doing business since 1992, making it one of the longest-running firms on this list. The firm is currently owned by Keith L. Shadrick. Today, the firm offers retirement-plan consulting for businesses as well as investment consulting and private wealth management for individuals. 

In addition, this fee-only firm serves as a fiduciary. Thus, it’s legally obligated to operate in your best interests at all times. Axia does not collect commissions or other types of revenue from mutual fund companies or similar organizations. 

Axia Advisory Investing Strategy 

Axia offers portfolio management services on a discretionary and a non-discretionary basis. This means it can either build and manage an investment portfolio for you or make recommendations for you to consider on your account. Axia considers several factors when determining a right asset allocation for you. 

In addition, Axia can provide private wealth management services. The firm can create a plan around your choice of financial advice from budgeting to retirement and estate planning.

Sheaff Brock Investment Advisors, LLC

Sheaff Brock Investment Advisors, LLC

Sheaff Brock Investment Advisors, LLC is a fee-based investment advisor serving non-high-net-worth clients, high-net-worth individuals, charitable organizations and other advisors. The firm generally imposes a minimum account size requirement of $500,000 on each client.

The firm mainly charges asset-based fees for its advisory services, but some advisors also sell securities for commissions. Though commissioned product sales can create a conflict of interest, Sheaff Brock says it abides by a fiduciary duty.

Its staff of advisors includes one certified financial planner (CFP), one certified public accountant (CPA), two chartered financial analysts (CFAs) and two chartered alternative investment analysts (CAIAs).

Sheaff Brock Investment Advisors Background

Founded in 2001, Sheaff Brock offers individual portfolio management services, model portfolio management services, model marketplace services, financial planning and extended planning services and consulting. 

The firm is directly owned by Sheaff Brock Capital Management, LLC, which is in turn owned by David Sheaff Gilreath and Ronald Robert Brock.

Sheaff Brock Investment Advisors Investing Strategy

Sheaff Brock implements several investment strategies when handling client portfolios. These include long-term purchases, short-term purchases, margin transactions and option writing. 

The firm’s investment process also heavily relies upon asset allocation, mutual fund and/or exchange-traded fund (ETF) analysis, quantitative analysis, technical analysis and fundamental analysis.

Column Capital Advisors, LLC

Column Capital Advisors, LLC

Fee-only firm Column Capital Advisors, LLC manages billions of dollars in client assets. For its advisory services, the firm charges asset-based fees, hourly fees and fixed fees. Column Capital’s client number surpasses 1,400 accounts in total, and the firm serves individuals, high-net-worth individuals, retirement plans, trusts, estates, pension and profit sharing plans, charitable organizations and other businesses. 

The firm’s staff features the certified financial planner (CFP), certified public accountant (CPA), certified investment management analyst (CIMA) and certified management accountant (CMA) designations.

Column Capital has a minimum account size requirement of $1 million. 

Column Capital Advisors Background

Founded in 2005, Column Capital offers financial planning, portfolio management and advisor selection and referral services. 

The firm is directly owned by Column Capital Group, Ltd., which in turn is owned by Brian Upchurch, Kevin Sweet and Jeffrey Yu.

Column Capital Advisors Investing Strategy

Column Capital uses the following methods to analyze securities: charting analysis, fundamental analysis, technical analysis and cyclical analysis. Long-term purchases and short-term purchases are the firm’s two key investment strategies, according to Column Capital’s brochure. 

Advisors generally offer advice on mutual funds and exchange-traded funds (ETFs).

Phillips Financial

Phillips Financial

Located in Fort Wayne, fee-based financial advisor firm Phillips Financial holds the title of top firm on SmartAsset’s list of Fort Wayne’s top financial advisor firms. The firm’s team includes four certified financial planners (CFPs), two accredited investment fiduciaries (AIFs), one chartered life underwriter (CLU), one chartered financial consultant (ChFC), one certified public accountant (CPA) and one registered paraplanner (RP).

Phillips Financial’s client base is heavily made up of individual clients, though it also maintains relationships with businesses, other investment advisors, trusts, estates, charitable organizations, endowment funds and pension and profit-sharing plans. It requires no minimum account size for new clients.

Some advisors at this firm sell insurance policies. Should you purchase one, your advisor may earn a commission. The firm is an SEC-registered fiduciary, though, requiring it to act in your best interest.

Phillips Financial Background

Phillips Financial has been registered with the SEC as an RIA since 2004, though the firm has been in business for more than 50 years. Currently, CEO Richard Phillips, Jr. and COO Shannon Hardiek hold independent ownership of the firm.

Like Lakeside Wealth Management Group, LLC, Phillips has separate listings of financial service offerings for its business clients and its individual clients. Business clients can choose from employee benefit plan and retirement plan creation and management, general risk management and more. Individuals are afforded more specific financial planning programs, such as retirement planning, financial education, estate planning, pension consulting and cash flow planning.

Phillips Financial Investing Strategy

Phillips Financial continues to evolve its investment selection process as more research makes its way across its desk. However, the firm doesn’t believe in making any massive changes, as that could have a negative impact on portfolios and the rebalancing process, especially for non-liquid investments.

The firm typically invests its clients’ assets in exchange-traded funds (ETFs), mutual funds, bonds and certificates, although these won’t all end up in every portfolio. Instead, the firm places ETFs and mutual funds into passive portfolios at lower risk tolerance levels, while individual bonds and certificates are reserved almost exclusively for large portfolios.

CX Institutional, LLC

CX Institutional, LLC

The final firm on our list is CX Institutional, LLC. This fee-based firm has several advisors serving thousands of clients, including individuals, high-net-worth individuals, charitable organizations, estates, trusts, pension and profit sharing plans and business entities. 

Some firm representatives may recommend and sell investment and insurance products for commissions. Such fee structures can create a conflict of interest if advisors are incentivized to neglect client needs to receive higher fees. However, CX says it works under a fiduciary duty to prioritize each client’s best interests. 

The firm’s staff includes two certified financial planners (CFPs), one chartered financial analyst (CFA) and one certified public accountant (CPA).

CX Institutional Background

CX was established in 2018 through the combination of Hefty Wealth Partners, Inc. and Oak Point Wealth Management, LLC. The firm’s advisory services consist of portfolio management, financial planning and consulting, non-discretionary pension consulting and wrap fee programs. 

CX’s owners are Hefty Wealth Partners, Inc., Oak Point Wealth Management, LLC and CFP Texas.

CX Institutional Investing Strategy

CX uses a mix of several different investment analysis methods when conducting research and offering advice. These methods include fundamental analysis, quantitative analysis, technical analysis and cyclical analysis. 

As for its investment strategies, the firm primarily uses short-term purchases, long-term purchases and option writing.

How Many Years $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 To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then 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 the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. This reflects the typical return on a conservative investment portfolio. 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.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research