Finding a Top Financial Advisor Firm in Indianapolis, Indiana
Looking for a financial advisor firm in Indianapolis, but not sure which firm is best for you? We've researched the city's registered advisory firms and assembled this list, detailing what each firm offers and what sets it apart from its competitors.
|Rank||Financial Advisor||Assets Managed||Minimum Assets||Financial Services||More Information|
|1||Valeo Financial Advisors, LLC Find an Advisor||$4,922,455,400||No set account minimum|| || |
Minimum AssetsNo set account minimum
|2||Windsor Wealth Management, Inc. Find an Advisor||$1,450,827,159||Varies based on account type|| || |
Minimum AssetsVaries based on account type
|3||Bedel Financial Consulting, Inc. Find an Advisor||$1,429,107,025||No set account minimum|| || |
Minimum AssetsNo set account minimum
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|4||Axia Advisory Find an Advisor||$1,335,912,520||No set account minimum|| || |
Minimum AssetsNo set account minimum
|5||Winthrop Capital Management Find an Advisor||$1,281,443,798||$1,000,000|| || |
|6||Sheaff Brock Investment Advisors, LLC Find an Advisor||$1,038,203,948||$500,000|| || |
|7||Column Capital Advisors, LLC Find an Advisor||$1,013,791,153||$1,000,000|| || |
|8||Wallington Asset Management Find an Advisor||$811,868,324||$1,000,000|| || |
|9||Deerfield Financial Advisors, Inc. Find an Advisor||$697,342,589||No set account minimum|| || |
Minimum AssetsNo set account minimum
|10||SBC Wealth Management Find an Advisor||$688,602,742||No set account minimum|| || |
Minimum AssetsNo set account minimum
How We Found the Top Financial Advisor Firms in Indianapolis, Indiana
First, we only considered firms registered with the U.S. Securities and Exchange Commission (SEC) in the Indianapolis metro area. SEC-registered companies have a fiduciary duty to act in their clients’ best interest and must file paperwork each year with the commission to stay in good standing. We then narrowed those firms down to those with no disclosures, ensuring that every firm on the list has a clean record. Firms that don't offer financial planning services were removed from consideration, as were those that do not manage individual accounts. Lastly, we ordered our list by most assets under management to least. All information is accurate as of the writing of this article.
Valeo Financial Advisors
Valeo Financial Advisors tops our Indianapolis list. The firm serves almost 1,700 clients, the vast majority of which are individuals with a high net worth. The firm also works with non-high-net-worth individuals, pooled investment vehicles, retirement plans, charities and businesses.
While the firm has no minimum account size, clients are subject to a $6,000 minimum annual fee. Valeo is a fee-only company, which means the firm cannot earn third-party compensation from insurance or securities sales.
The firm offers investment services in conjunction with income tax and cash flow planning, risk management, estate planning, education funding and retirement planning.
Valeo Financial Advisors Background
Valeo Financial Advisors was founded in in 2003. The firm serves clients in more than 40 states.
Valeo is owned and managed by members John C. Trott, John T. Wortman, P. Richard Evans and Timothy A. Ginn. All four primary owners are certified financial planners (CFPs). Ginn is also a non-practicing certified public accountant (CPA).
Valeo Financial Advisors Investment Philosophy
At Valeo, your portfolio will be built based on your stated objectives. This includes risk tolerance, cash planning and more. The allocation of your assets is guided by your initial advisor consultations.
The overarching strategy at Valeo is strategic asset allocation with tactical asset-class adjustments. This means when there’s an opportunity to underweight or overweight a certain asset class, your advisor will deviate from a neutral allocation to take advantage of the situation.
The company typically invests in no-load mutual funds. No-load generally means that no commissions or sales charges are incurred when shares are sold. This means you can potentially save more on your investment earnings.
Each portfolio will have a different makeup as each is tailored to specific client goals and needs. This means your assets could be invested in equity, fixed income, commodities, hedge funds, managed futures, margin transactions, master limited partnership, pooled investment vehicles, short sale, timber venture capital, real estate partnerships and options purchasing.
Windsor Wealth Management, Inc.
Windsor Wealth Management is one of the longest-running companies on our list and its staff accounts for more than a century in combined experience. It currently serves more than 850 clients, most of whom are individuals above and below the high-net-worth threshold.
This is another firm that has no established minimum account size. However, minimum annual fees do apply:
- Portfolio management: $3,500
- Financial planning: $2,500
The firm employs five certified financial planners (CFPs), four chartered financial analysts (CFAs) and one certified public accountant (CPA).
Windsor Wealth Management, Inc. Background
Randall Clark and Channing Mitzell formed Windsor Wealth Management more than 30 years ago and continue to serve as managing principals. The minority shareholders of the firm are also members. These are Brian T. Shupe and Frank J. Esposito, Jr. and James M. Leach.
Windsor Wealth Management, Inc. Management
As a client of Windsor Wealth Management’s portfolio management team, you’ll be walked through a process that the company uses for most clients. The first phase is policy review and counseling. You’ll work with financial advisors and planners to create your personal investment statement that aligns with your goals.
Next up is investment management. This is where your advisors create a strategy with multiple funds in order to reduce your risk and capitalize on gains. Your portfolio is monitored and new opportunities are sought out to keep your portfolio on the path to reach your investment goals.
Phase three is monitoring and reporting. This is the evaluation process that helps set benchmarks to measure your performance against. You’ll receive custom reports to keep you abreast of the situation. Phase four is rebalancing. This is the ongoing process of adjusting your portfolio to maximize success.
Bedel Financial Consulting, Inc.
Bedel Financial Consulting, Inc. is the only firm on our list founded by a woman. The fee-only firm is medium in size and has been operating longer than most of the other firms on this list. It is also the only firm on the list to feature a program exclusively for 25- to 40-year-olds focused on wealth accumulation. Other services include investment management, retirement planning, multi-generational wealth planning and more.
The firm generally doesn't require a minimum investment to open an account. Instead, clients will need to adhere to a $5,000 minimum annual fee.
Bedel Financial Consulting, Inc. Background
Elaine Kops-Bedel started the firm in 1989 and has served as the owner, CEO and president since its inception. She has a mathematics degree and an MBA and is a certified financial planner (CFP). Kops-Bedel has worked in the financial planning industry since 1979. In 2017, Kops-Bedel stepped away from daily operations at the firm to serve as the president of the Indiana Economic Development Corporation (IEDC), a company with a mission to elevate the economic health of the state. Evan Bedel, a CFP and a graduate of Wittenberg University and Texas Tech, is the firm’s director of finance and strategy.
Bedel also employs three chartered financial analysts (CFAs), six other CFPs, accounting for one of the largest conentrations of such professionals on our list.
Bedel Financial Consulting, Inc. Investment Philosophy
At Bedel, your advisor will help you determine what focus you want to aim for with your investment portfolio. The firm could guide you through retirement planning. And it cen help you save for your child's future college education through investments like a 529 plan. Whatever your focus, your advisor at Bedel will help you clarify the details to achieve your financial goals.
The company uses three common types of analysis when evaluating securities: fundamental, technical and quantitative. This means the firm researches what to invest in by analyzing annual reports and prospectuses, financial publications, third-party due diligence platforms, press releases and more. Bedel Financial Consulting generally recommends mutual funds for your investment account.
Axia Advisory divides its services into three categories: private wealth management, investment consulting and retirement plan consulting. Private wealth management is angled at individuals clients, and it involves a combination of financial planning and investment management. Financial planning is also available on a stand-alone basis, and it usually involves retirement planning, estate planning, insurance planning, college savings planning and more.
More than three-quarters of the Axia’s client base is made up of individuals with and without a high net worth. However, the firm also works with a handful of retirement plans, as well as some pooled investment vehicles and businesses. The firm does not have a specific minimum investment requirement for new clients.
Axia Advisory is a fee-only firm, which means that all of its compensation comes from client-paid fees.
Axia Advisory Background
Axia Advisory was established in 1992 by Keith Shadrick. Today, Shadrick still owns the firm, and he acts as its president and a senior consultant. According to the firm’s website, the word “Axia” is an ancient Greek term that means “value” in English.
The on-staff team of advisors at Axia hold a number of certifications. Among these are one chartered life underwriter (CLU), one certified employee benefits specialist (CEBS), one accredited investment fiduciary (AIF) and one chartered financial analyst (CFA).
Axia Advisory Investment Strategy
Axia Advisory’s overarching investment strategy is based on two philosophies: Modern Portfolio Theory (MPT) and the Prudent Investor Rule. Here’s a breakdown of each:
- Modern Portfolio Theory: This award-winning strategy focuses on maximizing a portfolio’s potential returns based on a predetermined risk tolerance. In turn, the decision to invest in a specific security relies less on its own risk and returns. Instead, the firm focuses on how that security will affect the balance of risk and returns for the entire portfolio.
- Prudent Investor Rule: This philosophy works well in conjunction with MPT, as it also states that investments should be viewed within the context of their portfolio rather than independently.
Winthrop Capital Management
Founded in 2007, Winthrop Capital Management is one of the youngest firms on our list, but has already grown to manage more than $1 billion in assets under management (AUM). Its staff includes three chartered financial analysts (CFAs), including president and chief investment officer (CIO) Gregory Hahn.
The firm primarily works with individuals below the high-net-worth threshold. Other clients of the firm include retirement plans, charities, insurance companies and businesses.
The firm offers portfolio management and financial planning services to individuals, corporations, insurance companies, charitable organizations and profit-sharing plans.
Winthrop Capital Management Background
Winthrop Capital Management first opened its doors in 2007. In 2018, the firm was purchased by Noyes Group, LLC. However, in January 2020, Gregory Hahn repurchased Noyes Group's stake in the firm. Hahn has decades of experience in the financial services industry.
Winthrop Capital Management Investment Philosophy
Winthrop takes an active approach when it comes to building investment portfolios. The firm conducts its own research and evaluates each investment that can make up your asset allocation. It also considers your risk tolerance and financial situation.
Your equities portion would be composed of mostly mid-cap and large-cap stocks. The firm’s analysts take a deeper dive into equities than most advisors do. Winthrop examines the underlying capital structure of each company it invests client assets into. By doing this, it aims to find opportunities in stocks that may have been overlooked by other investors.
When it comes to research on fixed-income investments, the firm does not focus on assesments from credit rating agencies. Instead, it takes a closer look at financial statements, sources of payment and risks.
Sheaff Brock Investment Advisors, LLC
Sheaff Brock Investment Advisors, LLC is an investment-centric financial advisor firm. Its Individual Portfolio Management (IPM) services offer customized portfolio creation on a client-to-client basis. Model Portfolio Management (MPM) services take a different approach, as the firm will match clients with a preset portfolio based on their goals. Financial planning services are also available.
Non-high-net-worth individuals are the most common type of client at Sheaff Brock, though it does work with a considerable number of high-net-worth individuals as well. Charities, businesses and other investment advisors round out its client base. The firm has a $500,000 minimum investment.
Some of the advisors at this firm can sell securities to clients on a commission basis. Despite the potential conflict of interest this causes, the firm abides by fiduciary duty, acting in clients’ best interests at all times.
Sheaff Brock Investment Advisors, LLC Background
Sheaff Brock Investment Advisors has been in business since 2001. The firm is under the principal ownership of another advisory firm called Sheaff Brock Capital Management, LLC. In turn, managing director and chief investment officer (CIO) David Sheaff Gilreath and managing director Ronald Robert Brock own Sheaff Brock Capital Management.
The staff at Sheaff Brock 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, LLC Investment Strategy
Because Sheaff Brock Investment Advisors divides its investment services into two major categories, investment strategies can differ. Below, we detail the strategies that are typically used for each:
- Individual Portfolio Management (IPM): This is the more personalized approach of the two, as advisors take into account your specific goals and investor profile before investing your money. IPM portfolios are fully diversified using a mix of investments.
- Model Portfolio Management (MPM): Within the MPM services, Sheaff Brock offers more than 10 model portfolios. Each of these are centered around specific investments and risk tolerances, as clients are matched with the one that best suits their needs.
Column Capital Advisors, LLC
With $1 million needed to open an account, Column Capital Advisors, LLC stands around the top of our list for highest minimum requirement. It should come as no surprise then that the fee-only firm has one of the highest percentages of high-net-worth clients on our list as well. Column Capital generally works with those who have a net worth of $2 million to $25 million.
Clients can take advantage of services like discretionary investment management, retirement planning, estate planning, income tax planning, insurance analysis and review, education fund planning, mortgage and debt financing planning and more.
Column Capital Advisors, LLC Background
Column Capital Advisors formed in 2005. It is owned by Column Capital Group, Ltd., a holding company, which is, in turn, owned by firm president Brian Upchurch and executive directors Kevin Sweet and Jeffrey Yu. Upchurch has worked in the financial services industry since 1987 and has a law degree. He’s also a certified public accountant (CPA). Sweet is a certified financial planner (CFP) and has worked in the industry since 1995. Yu is a CFP, CPA and has worked in the industry since 1985.
With all the CPA experience at this firm, it makes sense that it highlights tax services as one of its client offerings. Column Family Office, part of the firm, provides tax services to high-net-worth individuals and families.
Column Capital Advisors, LLC Investing Philosophy
The advisors at Column Capital use the Nobel Prize-winning investment strategy called Modern Portfolio Theory. This approach helps investors classify, estimate and control risk and return. Most robo-advisors such as Wealthfront and Betterment use this theory when creating investment algorithms.
Column Capital will diversify your assets to lower risk and will generally use mutual funds and ETFs to build your portfolio. The company invests for the long term and tries to minimize portfolio turnover and trading/transaction costs. However, the firm will manage your portfolio in alignment with your financial goals and objectives, which means short-term purchases are on the table if the investment meets one of your financial objectives.
Wallington Asset Management
At $1 million, Wallington Asset Management requires one the highest minimum investments to open an account on this list. However, because this requirement is waivable, the firm's client base exhibits a nearly even split between high-net-worth individuals and non-high-net-worth individuals. The firm also offers services to pension and profit-sharing plans, trusts, estates, charitable organizations and corporations.
This is a fee-only firm, which means that all of its compensation comes from client-paid fees. A fee-based firm, on the other hand, would accept commissions from third-party sources, like insurance companies.
Wallington Asset Management Background
In 1988, Terence Weiss founded Wallington Asset Management. Weiss is still the principal owner of the firm. He also serves as president and managing director of the firm. He has an MBA from Indiana University, as well as more than 40 years of experience in the financial industry. Jeffrey Dowden is the executive vice president of the firm and a senior portfolio manager. He is a chartered financial analyst (CFA) and has worked in the financial industry since 1989.
Certifications across the company include one certified public accountant (CPA), one certified financial planner (CFP) and one chartered financial analyst (CFA).
Wallington Asset Management Investing Philosophy
Each client can expect a tailored investment plan based on the financial goals and needs discussing during initial consultation. That means your cash flow needs, expected rates of return, risk tolerance and time horizon are taken into account when developing your portfolio’s allocations.
Generally, your advisor will diversify across asset classes such as equities and fixed income, and adjust as necessary to meet your goals. The company aims to achieve a return that exceeds your benchmark through a long-term investment approach in high-quality securities, Wallington Asset uses a variety of analysis types when evaluating securities, including fundamental, cyclical, technical and charting.
Deerfield Financial Advisors, Inc.
Deerfield Financial Advisors, Inc. is another fee-only advisory firm with no specific minimum asset requirement for new clients. That said, a majority of the firm’s clients are high-net-worth individuals. Other clients of the firm include non-high-net-worth individuals, retirement plans, charities and businesses.
Clients of Deerfield can access services like financial planning and investment management, or a combination of the two through a wealth management offering. Services include client portfolio customization, business planning, retirement planning, education fund planning, cash flow needs analysis and more.
Deerfield Financial Advisors, Inc. Background
Dick Bellmer founded Deerfield Financial Advisors in 1985. The company is now owned by two of its employees: Susie Steel, president and chief compliance officer (CCO), and Bradley Cougill, vice president and chief investment officer (CIO). Deerfield has two offices: one in Indianapolis and the other in Park Ridge, Illinois.
Deerfield Financial Advisors, Inc. Investing Philosophy
The company uses an internal investment committee to perform analysis and to review investment performance. The main method that Deerfield uses is fundamental analysis. This type of analysis looks at the intrinsic value of investments by examining aspects such as economic, financial and qualitative/quantitative factors to help determine the actual value of the security. Fundamental analysis is holistic and generally considered the opposite of technical analysis, which looks at past market activity such as prices and volume.
Your portfolio’s construction is based on your financial goals and long-term investing. Most accounts will have ETFs and mutual funds and your advisor will minimize transaction fees and tax ramifications when possible. The company bases its philosophy of the assumption that markets work and that diversifying across asset classes will help maximize returns and minimize risk.
SBC Wealth Management
SBC Wealth Management is one of only a few fee-based firms on this list. Fee-based means that the firm earns compensation from third-party sources, in addition to client-paid fees. In this firm's case, certain advisors can earn commissions when they sell specific insurance products to clients. However, SBC also adheres to fiduciary standards, which means that your interests are legally required to come first.
There is no minimum investment necessary to become a client of SBC. The company offers personal financial planning, investment advisory services, retirement and distribution planning and estate and legacy planning.
SBC Wealth Management Background
Scott Holley founded the business in 1983. Today, he still serves as CEO of the firm and has worked in the financial industry for more than 40 years. Patrick Morrow serves as the president and chief operating offer (COO) of the firm. He’s worked for SBC Wealth since 1987 and is part-owner of the company, along with chief compliance officer (CCO) Erin Pentz and vice president and director Carson Shadowen.
The firm's team includes one chartered financial consultant (ChFC), two accredited wealth management advisors (AWMAs), one certified financial planner (CFP) and one chartered financial analyst (CFA).
SBC Wealth Management Client Experience
The firm uses a six-step process to create your financial strategy. First, you’ll define your objectives and lifestyle goals This means your time horizon (including your projected retirement date), your family’s needs and the level of risk you’re willing to take with your assets.
Step two is discovery. Your advisor will comb through your tax returns, assets, liabilities and other relevant financial material in order to become familiar with your financial situation. Next is the analysis of your objectives. Your advisor will help you create consistent and realistic financial goals. Step four is the creation of primary and contingency plans for each of your objectives. This includes considering taxes, timing and risk. When you reach step five, your plan will be implemented. Lastly, step six is periodic reviews: your plan will be reevaluated periodically to ensure that it stays on course.