# Fastest-growing independent RIAs over five years in Indiana

As of October 2, 2026, Elser Financial Planning, Inc. ranked #1 in Indiana in AdvisorIQ's ranking of fastest-growing independent RIAs over five years, with 33.3%, from a base of $500.3 million.

As of: 2026-10-02
Address: https://advisoriq.com/ria/rankings/fastest-growing-5-year/indiana/

## Facts

- ranking: Fastest-growing independent RIAs over five years
- how_it_is_computed: SEC-registered firms ranked by compound annual growth in RAUM over the five years between the SEC snapshots of October 4, 2021 and October 2, 2026, for firms with at least $100 million in RAUM at the start. The value is a fraction per year and base_value is the starting RAUM. Firms growing more than 100 percent a year are left out: on Form ADV that almost always reflects a merger, an acquisition or assets moved from an affiliated adviser rather than growth, and each firm's own page still shows the change. Independent wealth management RIAs are ranked: firms whose individual and high net worth clients hold at least half of their regulatory assets and that offer financial planning or portfolio management for individuals, leaving out broker-dealers, banks and their advisory arms. The all wealth firms view ranks the same way with those broker-dealer affiliated firms added. Asset managers, private fund managers, pension consultants and platform managers are never ranked (see the methodology). Only SEC-registered firms are ranked: the state-registered firm data is current only, with no earlier snapshots. Growth includes market movement, net new assets and acquisitions. State lists use each firm's main office state, or its registration state when the main office is not public. The US list leaves out firms whose main office is outside the United States. Equal values share a rank and are listed by CRD number.
- unit: pct
- scope: Indiana
- firms_listed: 72
- rows: rank: 1, crd: 143311, firm: Elser Financial Planning, Inc., city: Indianapolis, state: IN, value: 0.333274711646396, base_value: 500336015, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/143311/; rank: 2, crd: 292627, firm: CX Institutional, LLC, city: Auburn, state: IN, value: 0.306083936376157, base_value: 1174724762, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/292627/; rank: 3, crd: 311934, firm: Maripau Wealth Management LLC, city: Fort Wayne, state: IN, value: 0.279687114785905, base_value: 106000000, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/311934/; rank: 4, crd: 168005, firm: FI3 Financial Advisors, LLC, city: Indianapolis, state: IN, value: 0.275878403544499, base_value: 336852246, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/168005/; rank: 5, crd: 145399, firm: Lji Wealth Management, LLC, city: Indianapolis, state: IN, value: 0.260773570635119, base_value: 431233566, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/145399/; rank: 6, crd: 121631, firm: Quantum Financial Services Inc., city: Indianapolis, state: IN, value: 0.237261192975107, base_value: 252087018, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/121631/; rank: 7, crd: 170839, firm: Hendershott Wealth Management, LLC, city: Fishers, state: IN, value: 0.220134680894398, base_value: 113073448, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/170839/; rank: 8, crd: 159003, firm: Gimbal Financial, LLC, city: Carmel, state: IN, value: 0.214981445749751, base_value: 109538970, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/159003/; rank: 9, crd: 131344, firm: Phillips Financial, city: Fort Wayne, state: IN, value: 0.189676279779099, base_value: 1106324913, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/131344/; rank: 10, crd: 282712, firm: Howard Bailey Securities, LLC, city: Fort Wayne, state: IN, value: 0.187801727144903, base_value: 246486992, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/282712/; rank: 11, crd: 109563, firm: Halter Ferguson Financial Inc, city: Carmel, state: IN, value: 0.185936144375519, base_value: 300505318, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/109563/; rank: 12, crd: 168156, firm: Kotys Wealth Professionals, city: Valparaiso, state: IN, value: 0.177259890476176, base_value: 136211764, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/168156/; rank: 13, crd: 306757, firm: Gettings Busch Wealth Management, city: Lafayette, state: IN, value: 0.176633117512609, base_value: 240086972, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/306757/; rank: 14, crd: 128606, firm: Korhorn Financial Group, city: Granger, state: IN, value: 0.175426738721662, base_value: 513578296, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/128606/; rank: 15, crd: 128257, firm: Cfci, city: Bloomington, state: IN, value: 0.170684827706289, base_value: 270850390, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/128257/; rank: 16, crd: 289413, firm: Monon Wealth Management, city: Indianapolis, state: IN, value: 0.16851445590372, base_value: 251000000, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/289413/; rank: 17, crd: 283853, firm: Wellington Investment Advisors, city: Bloomington, state: IN, value: 0.16680939173067, base_value: 120879000, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/283853/; rank: 18, crd: 153696, firm: Kessler Investment Group, LLC, city: Columbus, state: IN, value: 0.162542612688853, base_value: 169385537, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/153696/; rank: 19, crd: 290565, firm: Vestia Personal Wealth Advisors, city: Fort Wayne, state: IN, value: 0.155410500242762, base_value: 515426195, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/290565/; rank: 20, crd: 290981, firm: Hilltop Wealth & Tax Solutions, city: Mishawaka, state: IN, value: 0.153357577040233, base_value: 302045879, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/290981/; rank: 21, crd: 282587, firm: Hurlow Wealth Management Group, Inc., city: Bloomington, state: IN, value: 0.152868233326572, base_value: 390049680, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/282587/; rank: 22, crd: 122050, firm: Wealth Advisors Group, city: Fort Wayne, state: IN, value: 0.152425015856796, base_value: 660226022, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/122050/; rank: 23, crd: 127132, firm: Valeo Financial Advisors, LLC, city: Carmel, state: IN, value: 0.151833742837902, base_value: 6391630633, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/127132/; rank: 24, crd: 282863, firm: Invst, LLC, city: Indianapolis, state: IN, value: 0.150011526973893, base_value: 778097420, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/282863/; rank: 25, crd: 166237, firm: Pathway Financial Advisers, LLC, city: Auburn, state: IN, value: 0.140612371445244, base_value: 271535416, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/166237/; rank: 26, crd: 107517, firm: Sym Financial Advisors, city: Winona Lake, state: IN, value: 0.132456553889304, base_value: 3121115550, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/107517/; rank: 27, crd: 124281, firm: Dickmeyer Boyce Financial Management, Inc, city: Fort Wayne, state: IN, value: 0.131199894866468, base_value: 236745114, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/124281/; rank: 28, crd: 105653, firm: Bedel Financial Consulting Inc, city: Indianapolis, state: IN, value: 0.130606958618312, base_value: 1580496985, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/105653/; rank: 29, crd: 107660, firm: Woodley Farra, city: Indianapolis, state: IN, value: 0.12929450947491, base_value: 1262863110, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/107660/; rank: 30, crd: 122212, firm: Market Street Wealth Management Advisors, LLC, city: Indianapolis, state: IN, value: 0.12814062038359, base_value: 424662473, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/122212/; rank: 31, crd: 123250, firm: Gehrig Capital Management, Inc., city: Merrillville, state: IN, value: 0.123371622192364, base_value: 114000000, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/123250/; rank: 32, crd: 143075, firm: Forum Private Client Group, city: Fishers, state: IN, value: 0.121839551644239, base_value: 226946571, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/143075/; rank: 33, crd: 309233, firm: Trust Investment Advisors, city: Indianapolis, state: IN, value: 0.113546987201433, base_value: 139551584, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/309233/; rank: 34, crd: 110642, firm: Horizon Investment Services, LLC., city: Hammond, state: IN, value: 0.110663051009714, base_value: 215268080, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/110642/; rank: 35, crd: 107218, firm: Galecki Financial Management Inc, city: Fort Wayne, state: IN, value: 0.109607955503769, base_value: 552566334, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/107218/; rank: 36, crd: 159017, firm: Financial Enhancement Group, city: Anderson, state: IN, value: 0.108897560381661, base_value: 588653398, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/159017/; rank: 37, crd: 154022, firm: Smith Financial, city: Kokomo, state: IN, value: 0.106031166214003, base_value: 276050756, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/154022/; rank: 38, crd: 104964, firm: Deerfield, city: Indianapolis, state: IN, value: 0.104446869782115, base_value: 715773162, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/104964/; rank: 39, crd: 113390, firm: Charter Advisory Corporation, city: Indianapolis, state: IN, value: 0.103048442129339, base_value: 203977519, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/113390/; rank: 40, crd: 106805, firm: Northwest Financial Services Inc, city: Indianapolis, state: IN, value: 0.10273465563251, base_value: 389358529, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/106805/; rank: 41, crd: 104838, firm: Walter Keenan Wealth Management, city: South Bend, state: IN, value: 0.102196064472686, base_value: 604481968, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/104838/; rank: 42, crd: 297462, firm: Oxinas Partners Wealth Management, city: Jeffersonville, state: IN, value: 0.101079194576947, base_value: 241578617, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/297462/; rank: 43, crd: 149225, firm: CBG & Company, Inc., city: Fishers, state: IN, value: 0.101072507878441, base_value: 167253269, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/149225/; rank: 44, crd: 106131, firm: Donaldson Capital Management LLC, city: Evansville, state: IN, value: 0.100937287565568, base_value: 2141705242, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/106131/; rank: 45, crd: 289763, firm: Lauer Wealth Management, city: Valparaiso, state: IN, value: 0.0994419220815761, base_value: 100179788, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/289763/; rank: 46, crd: 305301, firm: Bookends Financial Planning, city: Indianapolis, state: IN, value: 0.0952608671520643, base_value: 214672326, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/305301/; rank: 47, crd: 105303, firm: Oxford Financial Group, Ltd, city: Carmel, state: IN, value: 0.095013346225137, base_value: 14819498058, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/105303/; rank: 48, crd: 135173, firm: Asset Management Strategies, Inc., city: Indianapolis, state: IN, value: 0.0922753074787326, base_value: 141657332, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/135173/; rank: 49, crd: 122360, firm: Aldebaran Capital, LLC, city: Carmel, state: IN, value: 0.0916042958605643, base_value: 107681510, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/122360/; rank: 50, crd: 168964, firm: Provider Financial, Inc., city: Indianapolis, state: IN, value: 0.0839736591448363, base_value: 203115485, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/168964/; rank: 51, crd: 143360, firm: Wallington Asset Management, city: Indianapolis, state: IN, value: 0.0770702518443156, base_value: 909031852, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/143360/; rank: 52, crd: 108326, firm: Lynch & Associates, city: Newburgh, state: IN, value: 0.0764192804818338, base_value: 575123326, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/108326/; rank: 53, crd: 104634, firm: Kirr, Marbach & Company, LLC, city: Columbus, state: IN, value: 0.0728147895181761, base_value: 413524862, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/104634/; rank: 54, crd: 107593, firm: Meridian Investment Advisors, Inc., city: Indianapolis, state: IN, value: 0.069079102461544, base_value: 449689645, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/107593/; rank: 55, crd: 292217, firm: Royal Capital Wealth Management LLC, city: Carmel, state: IN, value: 0.0689705523923199, base_value: 146262241, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/292217/; rank: 56, crd: 137933, firm: Greenleaf Financial Group, city: Carmel, state: IN, value: 0.0677161875967913, base_value: 126256942, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/137933/; rank: 57, crd: 157236, firm: West Advisors, Inc., city: Fishers, state: IN, value: 0.0676386339203487, base_value: 458973384, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/157236/; rank: 58, crd: 116185, firm: Capital Cities Investments, city: Indianapolis, state: IN, value: 0.0643811038631732, base_value: 210775354, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/116185/; rank: 59, crd: 156369, firm: Pettinga Financial Advisors, LLC, city: Evansville, state: IN, value: 0.0621147831650504, base_value: 943902145, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/156369/; rank: 60, crd: 109131, firm: Compass Financial Advisors LLC, city: Fort Wayne, state: IN, value: 0.0614470000017002, base_value: 209646623, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/109131/; rank: 61, crd: 121628, firm: Freeman, Will & Niemeier, Inc., city: Evansville, state: IN, value: 0.0436933060491618, base_value: 229473222, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/121628/; rank: 62, crd: 112196, firm: Intrepid Financial Planning Group, LLC, city: Carmel, state: IN, value: 0.0435553904514292, base_value: 315452175, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/112196/; rank: 63, crd: 123793, firm: Financial Plans & Strategies, Inc., city: Greenwood, state: IN, value: 0.0406790473412586, base_value: 500233986, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/123793/; rank: 64, crd: 106244, firm: Monarch Capital Management Inc, city: Fort Wayne, state: IN, value: 0.0391785243769553, base_value: 409002038, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/106244/; rank: 65, crd: 109650, firm: Banker Investment Group, city: West Lafayette, state: IN, value: 0.0367444778999817, base_value: 217254766, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/109650/; rank: 66, crd: 107932, firm: Wabash Capital, Inc., city: Terre Haute, state: IN, value: 0.0364260394969858, base_value: 144699595, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/107932/; rank: 67, crd: 109775, firm: Peloton Capital Management, city: Indianapolis, state: IN, value: 0.0159362928384816, base_value: 260563179, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/109775/; rank: 68, crd: 306618, firm: Axiom Financial Strategies Group, LLC, city: New Albany, state: IN, value: 0.0154024019365884, base_value: 374383800, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/306618/; rank: 69, crd: 148774, firm: Thomas Story and Son LLC, city: Plymouth, state: IN, value: 0.0142569751121961, base_value: 305808000, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/148774/; rank: 70, crd: 154503, firm: Indie Asset Partners, LLC, city: Carmel, state: IN, value: 0.00904648305902578, base_value: 655042320, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/154503/; rank: 71, crd: 171652, firm: Bischoff Wealth Management Group, LLC, city: Greenwood, state: IN, value: 0.00563515684250881, base_value: 215845139, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/171652/; rank: 72, crd: 288903, firm: Wealth Advisory Solutions, LLC, city: Zionsville, state: IN, value: -0.014881034615342, base_value: 645746830, succeeded_to_another_advisers_business: false, url: https://advisoriq.com/ria/firms/288903/

## Notes

- Firms marked as successors reported on Form ADV Item 4 that they succeeded to another adviser's business; their growth is shown as reported.
- Each ranking lists at most the top 100 firms.

## Sources

- SEC, Information About Registered Investment Advisers (ia100226.zip), checked 2026-10-07: https://www.sec.gov/files/investment/data/other/information-about-registered-investment-advisers-exempt-reporting-advisers/ia100226.zip
- IAPD compilation reports (IA_FIRM_STATE_Feed_10_07_2026.xml.gz), checked 2026-10-07: https://adviserinfo.sec.gov/compilation

## Related

- [Fastest-growing independent RIAs over five years, nationally](https://advisoriq.com/ria/rankings/fastest-growing-5-year/)
- [RIA market data for Indiana](https://advisoriq.com/ria/states/indiana/)
- [All RIA rankings](https://advisoriq.com/ria/rankings/)
- [How the directory is built](https://advisoriq.com/ria/methodology/)

## Cite as

AdvisorIQ, as of 2026-10-02. https://advisoriq.com/ria/rankings/fastest-growing-5-year/indiana/

License: https://advisoriq.com/license/