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||Oxford Financial Group, Ltd. Find an Advisor||$14,819,498,058||$5,000,000|| || |
|2||Valeo Financial Advisors, LLC Find an Advisor||$6,391,630,633||No set account minimum|| || |
Minimum AssetsNo set account minimum
|3||SYM Financial Find an Advisor||$3,121,115,550||No set account minimum|| || |
Minimum AssetsNo set account minimum
|4||Donaldson Capital Management, LLC Find an Advisor||$2,141,705,242||$500,000|| || |
|5||Bedel Financial Consulting, Inc. Find an Advisor||$1,580,496,985||$5,000 minimum annual fee|| || |
Minimum Assets$5,000 minimum annual fee
|6||Windsor Wealth Management, Inc. Find an Advisor||$1,680,203,968||No set account minimum|| || |
Minimum AssetsNo set account minimum
|7||Thurston Springer Advisors Find an Advisor||$754,762,415||$25,000|| || |
|8||Column Capital Advisors, LLC Find an Advisor||$1,161,747,243||$1,000,000|| || |
|9||CX Institutional, LLC Find an Advisor||$1,174,724,762||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|10||Sheaff Brock Investment Advisors, LLC Find an Advisor||$1,150,921,356||$500,000|| || |
How We Found the Top Financial Advisor Firms in Indiana
To find the top financial advisors in Indiana, we first identified all firms registered with the SEC in the state. 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:
Oxford Financial Group
Oxford Financial Group is what we found to be the top financial advisory firm in the state of Indiana. This large firm works with a range of different clients, though it primarily serves high-net-worth individuals. The firm also works with non-high-net-worth individuals, pooled investment vehicles, investment companies, charities, pensions, profit sharing plans and other businesses.
This firm typically imposes a $5 million investment minimum. It is also a fee-only firm. This means advisors don't receive commissions for selling financial products and therefore there's no conflict of interest.
Oxford Financial Group Background
Oxford Financial Group was founded in 1981, making it one of the oldest firms on our list. Jeffrey H. Thomasson is the firm's founder, and he founded it with the fee-only model in mind. The firm also has offices in Cincinnati, Grand Rapids, Minneapolis and Chicago.
Oxford provides clients with a range of services. It has a number of investment and financial planning services available to individual clients and family offices, and a number of other programs available for businesses and institutional clients. About half of the firm's assets are managed on a discretionary basis.
Oxford Financial Group Investment Strategy
Oxford Financial Group, like most other financial advisory shops, tailors its investment strategies to the needs of its clients. Advisors at Oxford meet with clients to determine their financial profile, including such information as a client's tolerance for risk and liquidity needs. The firm provides access to different types of customizable services, depending on the type of client and what specifically the client is looking for.
Advisors at Oxford put significant emphasis on asset allocation and risk mitigation. They seek to craft diversified portfolios using a wide range of investment securities.
Valeo Financial Advisors
Valeo Financial Advisors is headquartered in Indianapolis and has the distinction of being on our list of the top financial advisors in Indianapolis. The firm has no minimum account size.
The firm’s advisory staff is quite large. The team includes several certified financial planners (CFPs), certified public accountants (CPAs), certified divorce financial analysts (CDFAs), certified employee benefit specialists (CEBSs), chartered financial analysts (CFAs) and other certified advisors.
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
Valeo Financial Advisors, LLC 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 and 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 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. The firm is fee-only, so advisors don't receive commissions from the sale of financial products. It also doesn't have a minimum account size requirement.
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, but it does look to tailor its services to the needs of clients as much as possible.
Donaldson Capital Management
Evansville is the headquarters of Donaldson Capital Management. 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 such advisory certifications as financial paraplanner qualified professional (FPQP), certified financial planner (CFP), accredited investment fiduciary (AIF), certified public accountant (CPA) and more.
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 more than 65 years in the financial services industry.
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.
Bedel Financial Consulting
The fee-only financial advisor firm Bedel Financial Consulting. 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. Bedel is located in Indianapolis. It is also 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.
Windsor Wealth Management
Windsor Wealth Management is yet another firm based 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 such advisory certifications as certified financial planner (CFP), chartered financial analyst (CFA) and 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 one of the oldest firms 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.
Thurston Springer Advisors
Thurston Springer Advisors rounds out our list of the top financial advisors in Indiana. Non-high-net-worth individuals make up the majority of the firm’s client base. Currently, it doesn't work with any institutional clients. This firm has a $25,000 minimum initial investment.
Some advisors at this firm also sell financial products for which they can receive commissions. This is a potential conflict of interest. However, the firm is a fiduciary, making it legally obligated to act in the best interests of clients at all times.
Thurston Springer Advisors Background
Thurston Springer Advisors was founded as a broker-dealer back in 1981. It then became an state-registered investment advisor in 2004 and an SEC-registered advisory shop in 2010. Several advisors on staff are certified financial planners (CFP).
The firm provides clients with a wide array of financial planning services. They also do portfolio management, estate planning, retirement planning and long-term wealth management.
Thurston Springer Advisors Investment Strategy
Like many other advisors, Thurston Springer Advisors looks to tailor its investment services and strategies to the needs of clients. It does so by figuring out the whole financial profile of each client before providing advisory services.
Thurston Springer Advisors uses a handful of different strategies and methodologies when investing on behalf of clients. On strategy, tactical momentum, looks to find securities that outperform market benchmarks when markets are on the upswing. When markets take turn for the worse, advisors typically focus on capital preservation.
Column Capital Advisors
Fee-only firm Column Capital Advisors is up next on our list. For its advisory services, the firm charges asset-based fees, hourly fees and fixed fees. Column Capital’s client number is quite high, 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 Advisors offers financial planning, portfolio management and advisor selection and referral services. It became an SEC-registered investment advisor the same year.
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 Advisors 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). They also look to tailor advisory services to the needs and desires of clients.
The final firm on our list is CX Institutional, formerly known as Credent Wealth Management. 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, Credent works under a fiduciary duty to prioritize each client’s best interests.
The firm’s staff includes such certifications as certified financial planner (CFP), chartered financial analyst (CFA) and certified public accountant (CPA).
CX Institutional Background
CX Institutional 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 and non-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. Advisors also aim to tailor advisory services to the needs of clients.
Sheaff Brock Investment Advisors
Sheaff Brock Investment Advisors 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 such certifications as certified financial planner (CFP), certified public accountant (CPA), chartered financial analyst (CFA) and chartered alternative investment analyst (CAIA).
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.