State market data

Wealth management firms in Indiana

As of October 2, 2026, 370 wealth management firms, including broker-dealer firms, based in Indiana reported $136.5 billion in regulatory assets under management; the largest by assets was Oxford Financial Group, Ltd, with $23.3 billion.

Showing all wealth firms, including wirehouses and broker-dealer firms. Independent RIAs only

Wealth management firms: 370
SEC-registered: 126
State-registered: 244
Regulatory assets under management: $136.5 billion
Client accounts: 257,736
Median firm size: $68.7 million
Of which broker-dealer affiliated: 12, with $10.3 billion

Indiana has adopted IAR continuing education, with the first requirement applying in 2027. Status from NASAA's IAR CE map, checked October 5, 2026. IAR CE in Indiana.

Top firms in Indiana

Largest wealth firms by assets under management, including broker-dealer firms

Largest wealth firms by assets under management, including broker-dealer firms in Indiana, top 10
Rank	Firm	City	RAUM
1	Oxford Financial Group, Ltd	Carmel	$23.3 billion
2	Sapient Capital LLC	Indianapolis	$13.8 billion
3	Valeo Financial Advisors, LLC	Carmel	$13.0 billion
4	Thurston Springer Advisors Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Indianapolis	$6.0 billion
5	Sym Financial Advisors	Winona Lake	$5.8 billion
6	CX Institutional, LLC	Auburn	$4.5 billion
7	Donaldson Capital Management LLC	Evansville	$3.5 billion
8	Creative Financial Designs, Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Kokomo	$2.9 billion
9	Bedel Financial Consulting Inc	Indianapolis	$2.9 billion
10	Phillips Financial	Fort Wayne	$2.6 billion

Top 100 in Indiana

Fastest-growing wealth firms over one year, including broker-dealer firms

Fastest-growing wealth firms over one year, including broker-dealer firms in Indiana, top 10
Rank	Firm	City	Growth	Starting value
1	The Wellington GRP LLC	Indianapolis	247.2%	$136.4 million
2	Corevision Financial Group	Shelbyville	227.6%	$352.3 million
3	Daviman Financial, LLC	Noblesville	53.1%	$152.8 million
4	Thurston Springer Advisors Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Indianapolis	51.8%	$4.0 billion
5	Werner Financial	Indianapolis	48.4%	$102.7 million
6	Halter Ferguson Financial Inc	Carmel	44.5%	$487.8 million
7	Mindset Wealth Management, LLC	Indianapolis	37.8%	$323.4 million
8	Comprehensive Financial Consultants	Cicero	33.8%	$140.0 million
9	CX Institutional, LLC	Auburn	33.8%	$3.3 billion
10	Elevated Financial Group	Indianapolis	33.2%	$399.3 million

Top 100 in Indiana

Fastest-growing wealth firms over three years, including broker-dealer firms

Fastest-growing wealth firms over three years, including broker-dealer firms in Indiana, top 10
Rank	Firm	City	Growth	Starting value
1	Thurston Springer Advisors Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Indianapolis	64.3%	$1.4 billion
2	Corevision Financial Group	Shelbyville	61.4%	$274.4 million
3	Halter Ferguson Financial Inc	Carmel	38.3%	$266.7 million
4	Teeple Snyder Newsome Wealth & Tax Management	Brownsburg	31.3%	$126.8 million
5	Quantum Financial Services Inc.	Indianapolis	30.5%	$329.1 million
6	Gimbal Financial, LLC	Carmel	29.0%	$135.0 million
7	Hendershott Wealth Management, LLC	Fishers	29.0%	$142.5 million
8	Lji Wealth Management, LLC	Indianapolis	28.5%	$647.2 million
9	Sapient Capital LLC	Indianapolis	28.2%	$6.5 billion
10	Vestia Personal Wealth Advisors	Fort Wayne	27.3%	$514.0 million

Top 100 in Indiana

Fastest-growing wealth firms over five years, including broker-dealer firms

Fastest-growing wealth firms over five years, including broker-dealer firms in Indiana, top 10
Rank	Firm	City	Growth	Starting value
1	Thurston Springer Advisors Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Indianapolis	42.5%	$1.0 billion
2	Elser Financial Planning, Inc.	Indianapolis	33.3%	$500.3 million
3	CX Institutional, LLC	Auburn	30.6%	$1.2 billion
4	Maripau Wealth Management LLC	Fort Wayne	28.0%	$106.0 million
5	FI3 Financial Advisors, LLC	Indianapolis	27.6%	$336.9 million
6	Lji Wealth Management, LLC	Indianapolis	26.1%	$431.2 million
7	Quantum Financial Services Inc.	Indianapolis	23.7%	$252.1 million
8	Hendershott Wealth Management, LLC	Fishers	22.0%	$113.1 million
9	Gimbal Financial, LLC	Carmel	21.5%	$109.5 million
10	Phillips Financial	Fort Wayne	19.0%	$1.1 billion

Top 100 in Indiana

Wealth firms with the biggest asset gains over one year, including broker-dealer firms

Wealth firms with the biggest asset gains over one year, including broker-dealer firms in Indiana, top 10
Rank	Firm	City	Increase
1	Oxford Financial Group, Ltd	Carmel	$3.7 billion
2	Valeo Financial Advisors, LLC	Carmel	$2.3 billion
3	Sapient Capital LLC	Indianapolis	$2.3 billion
4	Thurston Springer Advisors Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Indianapolis	$2.1 billion
5	CX Institutional, LLC	Auburn	$1.1 billion
6	Sym Financial Advisors	Winona Lake	$933.6 million
7	Corevision Financial Group	Shelbyville	$802.0 million
8	Creative Financial Designs, Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Kokomo	$462.8 million
9	Bedel Financial Consulting Inc	Indianapolis	$449.1 million
10	Phillips Financial	Fort Wayne	$421.6 million

Top 100 in Indiana

Wealth firms with the most clients, including broker-dealer firms

Wealth firms with the most clients, including broker-dealer firms in Indiana, top 10
Rank	Firm	City	Most clients
1	Oneamerica Securities, Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Indianapolis	11,095
2	Creative Financial Designs, Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Kokomo	11,039
3	Thurston Springer Advisors Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Indianapolis	4,694
4	CX Institutional, LLC	Auburn	4,563
5	Asset Management Strategies, Inc.	Indianapolis	4,220
6	Vestia Personal Wealth Advisors	Fort Wayne	3,987
7	Valeo Financial Advisors, LLC	Carmel	3,042
8	Invst, LLC	Indianapolis	2,801
9	Korhorn Financial Group	Granger	2,516
10	Sym Financial Advisors	Winona Lake	1,991

Top 100 in Indiana

Wealth firms with the fastest client growth over one year, including broker-dealer firms

Wealth firms with the fastest client growth over one year, including broker-dealer firms in Indiana, top 10
Rank	Firm	City	Growth	Starting value
1	Corevision Financial Group	Shelbyville	69.9%	771
2	Provider Financial, Inc.	Indianapolis	67.8%	301
3	Elevated Financial Group	Indianapolis	67.7%	427
4	Deerfield	Indianapolis	59.1%	220
5	Elser Financial Planning, Inc.	Indianapolis	40.0%	430
6	Forum Private Client Group	Fishers	39.2%	523
7	CX Institutional, LLC	Auburn	32.9%	3,434
8	Financial Plans & Strategies, Inc.	Greenwood	30.7%	827
9	Mindset Wealth Management, LLC	Indianapolis	30.7%	212
10	Sycamore Financial Group Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Kokomo	25.7%	912

Top 100 in Indiana

Wealth firms with the most accounts, including broker-dealer firms

Wealth firms with the most accounts, including broker-dealer firms in Indiana, top 10
Rank	Firm	City	Most accounts
1	Valeo Financial Advisors, LLC	Carmel	22,812
2	Creative Financial Designs, Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Kokomo	15,029
3	CX Institutional, LLC	Auburn	13,723
4	Thurston Springer Advisors Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Indianapolis	9,751
5	Invst, LLC	Indianapolis	6,818
6	Sapient Capital LLC	Indianapolis	6,681
7	Sym Financial Advisors	Winona Lake	6,673
8	Oxford Financial Group, Ltd	Carmel	6,593
9	Korhorn Financial Group	Granger	5,880
10	Bedel Financial Consulting Inc	Indianapolis	5,435

Top 100 in Indiana

Wealth firms with the most advisory staff, including broker-dealer firms

Wealth firms with the most advisory staff, including broker-dealer firms in Indiana, top 10
Rank	Firm	City	Most advisory staff
1	Oneamerica Securities, Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Indianapolis	306
2	Creative Financial Designs, Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Kokomo	155
3	Valeo Financial Advisors, LLC	Carmel	119
4	Thurston Springer Advisors Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Indianapolis	86
5	CX Institutional, LLC	Auburn	73
6	Sym Financial Advisors	Winona Lake	49
7	Korhorn Financial Group	Granger	42
8	Invst, LLC	Indianapolis	39
9	Oxford Financial Group, Ltd	Carmel	36
9	Donaldson Capital Management LLC	Evansville	36

Top 100 in Indiana

Wealth firms with the most high net worth clients, including broker-dealer firms

Wealth firms with the most high net worth clients, including broker-dealer firms in Indiana, top 10
Rank	Firm	City	Most high net worth clients
1	Vestia Personal Wealth Advisors	Fort Wayne	3,105
2	Valeo Financial Advisors, LLC	Carmel	2,257
3	CX Institutional, LLC	Auburn	1,556
4	Thurston Springer Advisors Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Indianapolis	1,157
5	Woodley Farra	Indianapolis	955
6	Sym Financial Advisors	Winona Lake	848
7	Bedel Financial Consulting Inc	Indianapolis	741
8	Donaldson Capital Management LLC	Evansville	711
9	Sapient Capital LLC	Indianapolis	691
10	Oxford Financial Group, Ltd	Carmel	551

Top 100 in Indiana

Wealth firms with the most CFP professionals, including broker-dealer firms

Wealth firms with the most CFP professionals, including broker-dealer firms in Indiana, top 10
Rank	Firm	City	Most CFP professionals
1	Valeo Financial Advisors, LLC	Carmel	101
2	Oneamerica Securities, Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Indianapolis	39
2	Creative Financial Designs, Inc. Broker-dealer affiliated: A wealth firm that is, or is part of, a broker-dealer or a bank: a wirehouse, a broker-dealer or its advisory arm, or a bank's. It appears in the all wealth firms view, not in the main lists of independent RIAs.	Kokomo	39
4	CX Institutional, LLC	Auburn	27
5	Korhorn Financial Group	Granger	23
6	Sym Financial Advisors	Winona Lake	21
7	Oxford Financial Group, Ltd	Carmel	19
8	Donaldson Capital Management LLC	Evansville	12
9	Bedel Financial Consulting Inc	Indianapolis	11
9	Vestia Personal Wealth Advisors	Fort Wayne	11

Top 100 in Indiana

Newest wealth firms, including broker-dealer firms

Newest wealth firms, including broker-dealer firms in Indiana, top 10
Rank	Firm	City	Amount
1	Storen Financial	Zionsville	$438.3 million
2	Nearside Advisors, LLC	Indianapolis	$188.6 million
3	Henthorn Agency, Inc.	Beech Grove	$130.0 million
4	Titan Investment Management LLC	Indianapolis	$123.9 million
5	Genesis Advisors, LLC	Fishers	$121.2 million
6	Private Counsel Group, Ltd.	Indianapolis	$116.0 million
7	Precedent Financial Strategies	Indianapolis	$111.5 million
8	CFG Wealth Management Services Inc	Indianapolis	$110.2 million
9	Integrated Investment Strategies,inc.	Carmel	$104.5 million
10	Affinity Financial - the Walker Group LLC	Zionsville	$42.1 million

Top 100 in Indiana

Over time

From the SEC's yearly files: SEC-registered wealth firms based in Indiana, from October 2018, each snapshot classed from its own Form ADV answers.

FirmsSEC-registered wealth firms, including broker-dealer firms. 9 snapshots, October 1, 2018 to October 2, 2026.

Data table

Firms
As of	Firms
October 1, 2018	81
October 1, 2019	85
October 1, 2020	91
October 4, 2021	97
October 3, 2022	104
October 5, 2023	108
October 1, 2024	113
September 2, 2025	115
October 2, 2026	126

Regulatory assets under managementSEC-registered wealth firms, including broker-dealer firms. 9 snapshots, October 1, 2018 to October 2, 2026.

Data table

Regulatory assets under management
As of	Regulatory assets under management
October 1, 2018	$68.8 billion
October 1, 2019	$72.5 billion
October 1, 2020	$92.3 billion
October 4, 2021	$107.6 billion
October 3, 2022	$135.8 billion
October 5, 2023	$136.9 billion
October 1, 2024	$165.7 billion
September 2, 2025	$137.7 billion
October 2, 2026	$129.9 billion

Client accountsSEC-registered wealth firms, including broker-dealer firms. 9 snapshots, October 1, 2018 to October 2, 2026.

Data table

Client accounts
As of	Client accounts
October 1, 2018	181,885
October 1, 2019	214,103
October 1, 2020	235,451
October 4, 2021	275,537
October 3, 2022	321,791
October 5, 2023	335,055
October 1, 2024	367,326
September 2, 2025	261,897
October 2, 2026	229,173

Median firm size (RAUM)SEC-registered wealth firms, including broker-dealer firms. 9 snapshots, October 1, 2018 to October 2, 2026.

Data table

Median firm size (RAUM)
As of	Median firm size (RAUM)
October 1, 2018	$286.4 million
October 1, 2019	$289.2 million
October 1, 2020	$302.9 million
October 4, 2021	$326.2 million
October 3, 2022	$346.2 million
October 5, 2023	$323.2 million
October 1, 2024	$377.2 million
September 2, 2025	$355.0 million
October 2, 2026	$338.3 million

The market in Indiana now

Headline figures

Headline figures, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Firms	370	126	244
Regulatory assets under management	$136.5 billion	$129.9 billion	$6.6 billion
Accounts	257,736	229,173	28,563
Clients	126,234	108,325	17,909
Employees	2,919	2,516	403
Advisory employees	1,990	1,653	337
Investment adviser representatives	2,088	1,730	358
Median RAUM	$68.7 million	$338.3 million	$20.6 million
Average RAUM	$437.5 million	$1.1 billion	$34.4 million

Firms by size

Advisers grouped by regulatory assets under management.

Firms by size, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Firms under $100 million	180	1	179
RAUM of firms under $100 million	$5.3 billion	$34.4 million	$5.3 billion
Firms $100 million to $250 million	52	40	12
RAUM of firms $100 million to $250 million	$7.8 billion	$6.5 billion	$1.3 billion
Firms $250 million to $500 million	34	34	0
RAUM of firms $250 million to $500 million	$11.7 billion	$11.7 billion	$0
Firms $500 million to $1 billion	24	24	0
RAUM of firms $500 million to $1 billion	$16.4 billion	$16.4 billion	$0
Firms $1 billion to $5 billion	17	17	0
RAUM of firms $1 billion to $5 billion	$33.4 billion	$33.4 billion	$0
Firms $5 billion to $10 billion	2	2	0
RAUM of firms $5 billion to $10 billion	$11.8 billion	$11.8 billion	$0
Firms $10 billion and up	3	3	0
RAUM of firms $10 billion and up	$50.0 billion	$50.0 billion	$0

Concentration

How much of the market the largest advisers hold.

Concentration: all wealth firmsAs of October 2, 2026.
Measure	Bar	Value
Top 10 share of RAUM		57.4%
Top 100 share of RAUM		93.3%

Concentration, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Top 10 share of RAUM	57.4%	60.3%	16.8%
Top 100 share of RAUM	93.3%	98.0%	89.7%

How advisers are paid

Share of advisers reporting each form of compensation on Form ADV Item 5.E. A firm can report several.

How advisers are paid: all wealth firmsAs of October 2, 2026.
Measure	Bar	Value
Charge a percentage of assets		89.2%
Charge hourly fees		60.0%
Charge subscription fees		0.8%
Charge fixed fees		64.9%
Receive commissions		3.8%
Charge performance-based fees		2.4%
Other compensation		11.1%

How advisers are paid, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Charge a percentage of assets	89.2%	99.2%	84.0%
Charge hourly fees	60.0%	57.9%	61.1%
Charge subscription fees	0.8%	0.8%	0.8%
Charge fixed fees	64.9%	73.0%	60.7%
Receive commissions	3.8%	7.9%	1.6%
Charge performance-based fees	2.4%	2.4%	2.5%
Other compensation	11.1%	9.5%	11.9%

Custody

Advisers reporting custody of client cash or securities on Form ADV Item 9.

Custody, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Have custody	30.3%	61.9%	13.9%

Broker-dealer and other affiliations

From Form ADV Items 6 and 7.

Broker-dealer and other affiliations, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Broker-dealer affiliated	3.2%	4.8%	2.5%

New firms and successions

New registrations and firms reporting that they succeeded to another adviser's business (Form ADV Item 4).

New firms and successions, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
New registrations	40	11	29
Successions	No data	0	No data

Other measures

Other measures, as of October 2, 2026
Measure	All wealth firms	SEC-registered	State-registered
Firms reporting RAUM	312	121	191
Discretionary RAUM	$111.1 billion	$105.3 billion	$5.8 billion
CFP professionals	606	507	99
25th percentile RAUM	$14.8 million	$188.7 million	$7.0 million
75th percentile RAUM	$260.5 million	$705.0 million	$54.6 million
90th percentile RAUM	$680.4 million	$1.6 billion	$93.0 million
Average account size	$529,597	$566,916	$230,166
Offer financial planning	82.2%	84.9%	80.7%
RAUM growth, one year	No data	-5.6%	No data

As of October 2, 2026. Definitions of every measure are on the methodology page.

Cities

Carmel 35 independent RIAs, $40.5 billion
Indianapolis 88 independent RIAs, $38.4 billion
Fort Wayne 30 independent RIAs, $9.3 billion
Evansville 9 independent RIAs, $5.2 billion
Fishers 21 independent RIAs, $2.4 billion
Bloomington 8 independent RIAs, $1.9 billion
Zionsville 10 independent RIAs, $1.5 billion
South Bend 9 independent RIAs, $1.3 billion
Columbus 5 independent RIAs, $1.1 billion
Greenwood 7 independent RIAs, $1.1 billion
Valparaiso 6 independent RIAs, $592.7 million
Jeffersonville 5 independent RIAs, $547.2 million
New Albany 5 independent RIAs, $515.4 million
Westfield 7 independent RIAs, $283.9 million
West Lafayette 6 independent RIAs, $277.5 million
Greenfield 5 independent RIAs, $238.2 million

Cities with at least five independent RIAs.

Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.