Top RIAs in Indiana
Every SEC-registered RIA with a main office in Indiana, by regulatory AUM, from Form ADV
147 RIAs registered with the SEC are headquartered in Indiana, the 25th most of any state, managing $224.0B in regulatory assets as of Sep 1, 2026. The largest by regulatory AUM is 40/86 Advisors, Inc. in Carmel at $30.5B. 35 firms report $1 billion or more.
147
SEC-registered RIAs
$224.0B
Regulatory AUM
35
Firms at $1B and above
$403.3M
Median firm AUM
Data as of Sep 1, 2026, file ia09012026-registered.zip. Retrieved Sep 10, 2026.
01 · The firms
Every SEC-registered RIA in Indiana, by regulatory AUM
The default sort is regulatory assets under management as each firm filed it, which puts asset managers and wealth managers on one list. The toggle for firms where individuals and high-net-worth individuals hold the majority of assets is what separates them, using the firm's own Form ADV Item 5.D figures.
All 147 firms, by regulatory AUM as filed.
| # | Firm | City | Regulatory AUM | Advisory staff | Accounts | Individual + HNW clients | Retail share | Filed |
|---|---|---|---|---|---|---|---|---|
| 1 | 40/86 Advisors, Inc.CRD 107740 | Carmel | $30.5B | 84 | 13 | 0 | 0% | Apr 2026 |
| 2 | Oneamerica Asset Management, LLCCRD 165929 | Indianapolis | $24.4B | 25 | 10 | 0 | 0% | Mar 2026 |
| 3 | Oxford Financial Group, LtdCRD 105303 | Carmel | $23.3B | 36 | 6,593 | 589 | 59% | Jul 2026 |
| 4 | Sapient Capital LLCCRD 324899 | Indianapolis | $13.8B | 30 | 6,681 | 980 | 86% | Aug 2026 |
| 5 | Valeo Financial Advisors, LLCCRD 127132 | Carmel | $13.0B | 119 | 22,812 | 3,021 | 98% | Apr 2026 |
| 6 | Shepherd Financial Investment Advisory LLCCRD 288623 | Carmel | $6.2B | 31 | 3,041 | 908 | 10% | Mar 2026 |
| 7 | SYM Financial AdvisorsCRD 107517 | Winona Lake | $5.8B | 49 | 6,673 | 1,801 | 65% | Mar 2026 |
| 8 | MJ RetirementCRD 164328 | Carmel | $5.5B | 7 | 303 | 39 | 1% | Mar 2026 |
| 9 | Goelzer Investment ManagementCRD 44402 | Carmel | $4.5B | 22 | 1,945 | 577 | 48% | Jul 2026 |
| 10 | CX Institutional, LLCCRD 292627 | Auburn | $4.5B | 73 | 13,723 | 4,553 | 96% | Mar 2026 |
| 11 | Baxter Capital Management IncCRD 105123 | Indianapolis | $4.2B | 3 | 13 | 0 | 0% | Mar 2026 |
| 12 | Winthrop Capital ManagementCRD 145216 | Carmel | $4.0B | 9 | 832 | 466 | 10% | Mar 2026 |
| 13 | Thurston Springer AdvisorsCRD 299201 | Indianapolis | $3.7B | 86 | 6,759 | 5,600 | 54% | Nov 2025 |
| 14 | Donaldson Capital Management LLCCRD 106131 | Evansville | $3.5B | 36 | 1,848 | 1,736 | 84% | Aug 2026 |
| 15 | Praxis Investment Management, Inc.CRD 105675 | Goshen | $3.3B | 5 | 10 | 0 | 0% | Mar 2026 |
| 16 | Creative Financial Designs, Inc.CRD 109032 | Kokomo | $2.9B | 155 | 15,029 | 10,477 | 98% | Mar 2026 |
| 17 | Bedel Financial Consulting IncCRD 105653 | Indianapolis | $2.9B | 19 | 5,435 | 1,162 | 98% | Aug 2026 |
| 18 | Global Atlantic Investment Advisors, LLCCRD 167429 | Indianapolis | $2.7B | 3 | 16 | 0 | 0% | Apr 2026 |
| 19 | Phillips FinancialCRD 131344 | Fort Wayne | $2.6B | 14 | 3,264 | 888 | 65% | Mar 2026 |
| 20 | Woodley FarraCRD 107660 | Indianapolis | $2.3B | 9 | 1,591 | 1,591 | 89% | Mar 2026 |
| 21 | Elser Financial Planning, Inc.CRD 143311 | Indianapolis | $2.1B | 10 | 1,643 | 578 | 95% | Mar 2026 |
| 22 | Ceres Partners, LLCCRD 290937 | South Bend | $2.0B | 16 | 5 | n.d. | 0% | Apr 2026 |
| 23 | Axia AdvisoryCRD 107571 | Indianapolis | $1.9B | 4 | 128 | 91 | 10% | May 2026 |
| 24 | Invst, LLCCRD 282863 | Indianapolis | $1.6B | 39 | 6,818 | 2,193 | 80% | Apr 2026 |
| 25 | LJI Wealth Management, LLCCRD 145399 | Indianapolis | $1.4B | 13 | 3,574 | 1,490 | 76% | Aug 2026 |
| 26 | Wealth Advisors GroupCRD 122050 | Fort Wayne | $1.3B | 6 | 3,297 | 1,013 | 79% | Mar 2026 |
| 27 | Wallington Asset ManagementCRD 143360 | Indianapolis | $1.3B | 8 | 930 | 306 | 86% | Mar 2026 |
| 28 | Pettinga Financial Advisors, LLCCRD 156369 | Evansville | $1.3B | 7 | 2,267 | 668 | 84% | Jun 2026 |
| 29 | DeerfieldCRD 104964 | Indianapolis | $1.2B | 6 | 1,073 | 310 | 96% | Mar 2026 |
| 30 | Corevision Financial GroupCRD 325310 | Shelbyville | $1.2B | 6 | 2,851 | 1,290 | 88% | Jul 2026 |
| 31 | Korhorn Financial GroupCRD 128606 | Granger | $1.2B | 42 | 5,880 | 2,303 | 92% | Mar 2026 |
| 32 | Fi3 Financial Advisors, LLCCRD 168005 | Indianapolis | $1.1B | 21 | 1,643 | 246 | 97% | Jul 2026 |
| 33 | Centerfield Capital PartnersCRD 161504 | Indianapolis | $1.1B | 0 | 6 | n.d. | 0% | Mar 2026 |
| 34 | Vestia Personal Wealth AdvisorsCRD 290565 | Fort Wayne | $1.1B | 17 | 3,987 | 3,970 | 98% | Aug 2026 |
| 35 | Archer Investment CorporationCRD 136403 | Carmel | $1.0B | 80 | 5,147 | 4,290 | 76% | Mar 2026 |
| 36 | Financial Enhancement GroupCRD 159017 | Anderson | $987.0M | 22 | 3,599 | 1,257 | 97% | Jul 2026 |
| 37 | Walter Keenan Wealth ManagementCRD 104838 | South Bend | $983.3M | 5 | 479 | 144 | 64% | Mar 2026 |
| 38 | AMI Investment Management IncCRD 106321 | Kendallville | $963.6M | 3 | 764 | 293 | 33% | Mar 2026 |
| 39 | SMI Advisory Services, LLCCRD 137872 | Columbus | $949.0M | 5 | 1,083 | 1,080 | 76% | Jan 2026 |
| 40 | Galecki Financial Management IncCRD 107218 | Fort Wayne | $929.5M | 6 | 2,440 | 530 | 100% | Feb 2026 |
| 41 | Atlas Capital Management CorpCRD 106107 | Ft Wayne | $869.8M | 4 | 4,143 | 3,261 | 100% | Mar 2026 |
| 42 | Lynch & AssociatesCRD 108326 | Newburgh | $831.1M | 6 | 1,900 | 681 | 96% | Feb 2026 |
| 43 | Hurlow Wealth Management Group, Inc.CRD 282587 | Bloomington | $794.4M | 10 | 2,155 | 477 | 85% | Aug 2026 |
| 44 | Sycamore Financial GroupCRD 14143 | Kokomo | $787.4M | 4 | 2,200 | 1,136 | 98% | Mar 2026 |
| 45 | Market Street Wealth Management Advisors, LLCCRD 122212 | Indianapolis | $776.0M | 8 | 1,693 | 422 | 98% | May 2026 |
| 46 | US AgricultureCRD 282576 | Carmel | $759.1M | 5 | 4 | n.d. | 0% | Mar 2026 |
| 47 | Quantum Financial Services Inc.CRD 121631 | Indianapolis | $730.9M | 2 | 516 | 78 | 100% | Mar 2026 |
| 48 | 3fourteen & SMI Advisory Services, LLCCRD 331301 | Columbus | $723.0M | 6 | 2 | n.d. | 0% | Jan 2026 |
| 49 | Halter Ferguson Financial IncCRD 109563 | Carmel | $705.0M | 7 | 1,076 | 291 | 99% | Jul 2026 |
| 50 | Indie Asset Partners, LLCCRD 154503 | Carmel | $685.2M | 3 | 764 | 302 | 81% | Mar 2026 |
02 · By city
Where in Indiana the firms sit
Main-office city as filed. Up to the twenty-five cities with the most firms.
- Indianapolis51 · $75.3B
- Carmel24 · $93.7B
- Fort Wayne14 · $9.2B
- Bloomington5 · $2.1B
- Columbus4 · $2.6B
- Fishers4 · $1.1B
- South Bend4 · $3.4B
- Zionsville4 · $1.3B
- Auburn3 · $5.0B
- Evansville3 · $5.0B
- Greenwood3 · $979.5M
- Kokomo3 · $4.2B
- Lafayette2 · $665.9M
- Terre Haute2 · $329.5M
- Valparaiso2 · $468.9M
- Anderson1 · $987.0M
- Brownsburg1 · $287.0M
- Cicero1 · $187.3M
- Ft Wayne1 · $869.8M
- Goshen1 · $3.3B
- Granger1 · $1.2B
- Hammond1 · $363.8M
- Jeffersonville1 · $391.0M
- Kendallville1 · $963.6M
- Merrillville1 · $203.9M
03 · Questions
Questions people ask about RIAs in Indiana
- How many RIAs are in Indiana?
- 147 RIAs registered with the SEC list a main office in Indiana in the SEC's Form ADV data as of Sep 1, 2026. That count excludes state-registered RIAs, which generally manage under $100 million and file with the state rather than the SEC, and firms whose address is suppressed on Form ADV.
- What is the largest RIA in Indiana?
- By regulatory assets under management as filed on Form ADV, the largest SEC-registered RIA headquartered in Indiana is 40/86 Advisors, Inc. in Carmel, at $30.5B. Regulatory AUM counts all assets a firm manages, so the largest filer in a state is often an asset manager rather than a wealth manager.
- How many Indiana RIAs manage more than $1 billion?
- 35 of the 147 SEC-registered RIAs headquartered in Indiana report regulatory assets under management of $1 billion or more. The median firm in the state reports $403.3M.
- Where does this data come from?
- From the SEC's monthly Form ADV data file for SEC-registered investment advisers (ia09012026-registered.zip, data as of Sep 1, 2026). Each figure is as the firm itself reported it on Form ADV Item 5; the SEC does not verify it. Every row links to the firm's record on the SEC's Investment Adviser Public Disclosure site.
Definitions and source
What each column means, in the SEC's words
- Regulatory assets under management Form ADV Item 5.F(2)(c)
- If yes, what is the amount of your regulatory assets under management and total number of accounts? Total, discretionary plus non-discretionary.
- Total accounts Form ADV Item 5.F(2)(f)
- Total number of accounts, discretionary plus non-discretionary.
- Employees Form ADV Item 5.A
- Approximately how many employees do you have? Include full- and part-time employees but do not include any clerical workers.
- Advisory employees Form ADV Item 5.B(1)
- Approximately how many of the employees reported in 5.A. perform investment advisory functions (including research)?
- Broker-dealer registered representatives Form ADV Item 5.B(2)
- Approximately how many of the employees reported in 5.A. are registered representatives of a broker-dealer?
- Individual and high-net-worth clients Form ADV Item 5.D(a), 5.D(b)
- Number of clients and amount of regulatory assets under management for individuals (other than high net worth individuals) and for high net worth individuals.
- Commissions Form ADV Item 5.E(5)
- You are compensated for your investment advisory services by (check all that apply): (5) Commissions.
- Private funds Form ADV Item 7.B
- Are you an adviser to any private fund?
Source: U.S. Securities and Exchange Commission, Form ADV data, Information About Registered Investment Advisers and Exempt Reporting Advisers, file ia09012026-registered.zip (data as of Sep 1, 2026), retrieved Sep 10, 2026. Figures are as self-reported by each firm on Form ADV Item 5; the SEC does not verify them. Neither the SEC nor the state securities authorities have approved the information filed on Form ADV, and we can not guarantee its accuracy.
Winthrop & Co. is compensated by firms when an advisor joins through us. The advisor never pays. Firms on this page are listed by arithmetic on the SEC's file, not by any relationship with us, and none is ranked, labelled or recommended.