# Independent RIAs in Indiana

As of October 2, 2026, 358 independent wealth management RIAs based in Indiana reported $126.2 billion in regulatory assets under management; the largest by assets was Oxford Financial Group, Ltd, with $23.3 billion.

As of: 2026-10-02
Address: https://advisoriq.com/ria/states/indiana/

## Facts

- state: Indiana
- code: IN
- population: Independent wealth management RIAs: 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. Asset managers, private fund managers and pension consultants are not in the directory.
- latest: independent: accounts: 227269, firms: 358, median_raum: 68661874.5, raum: 126195239899, advisory_employees: 1420, avg_account: 555268.161953456, band_100m_250m: 52, band_100m_250m_raum: 7832820479, band_10b_plus: 3, band_10b_plus_raum: 50046522439, band_1b_5b: 16, band_1b_5b_raum: 30469844865, band_250m_500m: 33, band_250m_500m_raum: 11405249681, band_500m_1b: 23, band_500m_1b_raum: 15582932433, band_5b_10b: 1, band_5b_10b_raum: 5813231190, band_lt100m: 174, band_lt100m_raum: 5044638812, bd_affiliated_share: 0.00558659217877095, cfp_professionals: 513, clients: 97367, custody_share: 0.310055865921788, employees: 2272, fee_aum_pct_share: 0.888268156424581, fee_commissions_share: 0.0391061452513966, fee_fixed_share: 0.650837988826816, fee_hourly_share: 0.600558659217877, fee_other_share: 0.106145251396648, fee_performance_share: 0.0251396648044693, fee_subscription_share: 0.00558659217877095, financial_planning_share: 0.826815642458101, firms_with_raum: 302, iars: 1459, mean_raum: 417865032.778146, new_firms: 39, p25_raum: 14474449.25, p75_raum: 255866967, p90_raum: 634209672.3, raum_discretionary: 101860498438, top100_share: 0.933865334614209, top10_share: 0.584587243639644, independent_sec: accounts: 199893, firms: 121, median_raum: 333085121, raum: 119878560996, advisory_employees: 1101, avg_account: 599713.651783704, band_100m_250m: 40, band_100m_250m_raum: 6526348170, band_10b_plus: 3, band_10b_plus_raum: 50046522439, band_1b_5b: 16, band_1b_5b_raum: 30469844865, band_250m_500m: 33, band_250m_500m_raum: 11405249681, band_500m_1b: 23, band_500m_1b_raum: 15582932433, band_5b_10b: 1, band_5b_10b_raum: 5813231190, band_lt100m: 1, band_lt100m_raum: 34432218, bd_affiliated_share: 0.0165289256198347, cfp_professionals: 419, clients: 80351, custody_share: 0.644628099173554, employees: 1897, fee_aum_pct_share: 0.991735537190083, fee_commissions_share: 0.0826446280991736, fee_fixed_share: 0.735537190082645, fee_hourly_share: 0.578512396694215, fee_other_share: 0.0909090909090909, fee_performance_share: 0.0247933884297521, fee_subscription_share: 0, financial_planning_share: 0.851239669421488, firms_with_raum: 117, iars: 1122, mean_raum: 1024603085.4359, new_firms: 11, p25_raum: 188582674, p75_raum: 636661966, p90_raum: 1354694270.8, raum_discretionary: 96204583320, raum_growth_1y: 0.168937223019159, successions: 0, top100_share: 0.983072861034195, top10_share: 0.615390498852097, state: accounts: 27376, firms: 237, median_raum: 20600000, raum: 6316678903, advisory_employees: 319, avg_account: 230737.832517534, band_100m_250m: 12, band_100m_250m_raum: 1306472309, band_10b_plus: 0, band_10b_plus_raum: 0, band_1b_5b: 0, band_1b_5b_raum: 0, band_250m_500m: 0, band_250m_500m_raum: 0, band_500m_1b: 0, band_500m_1b_raum: 0, band_5b_10b: 0, band_5b_10b_raum: 0, band_lt100m: 173, band_lt100m_raum: 5010206594, bd_affiliated_share: 0, cfp_professionals: 94, clients: 17016, custody_share: 0.139240506329114, employees: 375, fee_aum_pct_share: 0.835443037974684, fee_commissions_share: 0.0168776371308017, fee_fixed_share: 0.607594936708861, fee_hourly_share: 0.611814345991561, fee_other_share: 0.113924050632911, fee_performance_share: 0.0253164556962025, fee_subscription_share: 0.00843881856540084, financial_planning_share: 0.814345991561181, firms_with_raum: 185, iars: 337, mean_raum: 34144210.2864865, new_firms: 28, p25_raum: 6896073, p75_raum: 54447561, p90_raum: 92400000, raum_discretionary: 5655915118, top100_share: 0.908933170288773, top10_share: 0.174934969620697
- broker_dealer_affiliated_not_included: firms: 12, raum: 10300920385
- series: firms: segment: independent_sec, unit: count, points: as_of: 2018-10-01, value: 73; as_of: 2019-10-01, value: 74; as_of: 2020-10-01, value: 82; as_of: 2021-10-04, value: 89; as_of: 2022-10-03, value: 97; as_of: 2023-10-05, value: 101; as_of: 2024-10-01, value: 106; as_of: 2025-09-02, value: 110; as_of: 2026-10-02, value: 121, raum: segment: independent_sec, unit: usd, points: as_of: 2018-10-01, value: 42236202069; as_of: 2019-10-01, value: 40686723647; as_of: 2020-10-01, value: 54305665625; as_of: 2021-10-04, value: 69610424854; as_of: 2022-10-03, value: 78223665577; as_of: 2023-10-05, value: 80368643166; as_of: 2024-10-01, value: 95118356211; as_of: 2025-09-02, value: 102553463638; as_of: 2026-10-02, value: 119878560996, accounts: segment: independent_sec, unit: count, points: as_of: 2018-10-01, value: 90618; as_of: 2019-10-01, value: 101009; as_of: 2020-10-01, value: 117467; as_of: 2021-10-04, value: 151932; as_of: 2022-10-03, value: 152629; as_of: 2023-10-05, value: 160450; as_of: 2024-10-01, value: 172279; as_of: 2025-09-02, value: 183931; as_of: 2026-10-02, value: 199893, median_raum: segment: independent_sec, unit: usd, points: as_of: 2018-10-01, value: 262161000; as_of: 2019-10-01, value: 256303665.5; as_of: 2020-10-01, value: 275233383; as_of: 2021-10-04, value: 305808000; as_of: 2022-10-03, value: 340214421; as_of: 2023-10-05, value: 298225244; as_of: 2024-10-01, value: 343027935; as_of: 2025-09-02, value: 348459652.5; as_of: 2026-10-02, value: 333085121
- top_10: largest: rank: 1, crd: 105303, firm: Oxford Financial Group, Ltd, city: Carmel, value: 23330849733; rank: 2, crd: 324899, firm: Sapient Capital LLC, city: Indianapolis, value: 13756996022; rank: 3, crd: 127132, firm: Valeo Financial Advisors, LLC, city: Carmel, value: 12958676684; rank: 4, crd: 107517, firm: Sym Financial Advisors, city: Winona Lake, value: 5813231190; rank: 5, crd: 292627, firm: CX Institutional, LLC, city: Auburn, value: 4464692612; rank: 6, crd: 106131, firm: Donaldson Capital Management LLC, city: Evansville, value: 3463957899; rank: 7, crd: 105653, firm: Bedel Financial Consulting Inc, city: Indianapolis, value: 2919792188; rank: 8, crd: 131344, firm: Phillips Financial, city: Fort Wayne, value: 2636493500; rank: 9, crd: 107660, firm: Woodley Farra, city: Indianapolis, value: 2319489230; rank: 10, crd: 143311, firm: Elser Financial Planning, Inc., city: Indianapolis, value: 2107948395, fastest-growing: rank: 1, crd: 332803, firm: The Wellington GRP LLC, city: Indianapolis, value: 2.47190454802094; rank: 2, crd: 325310, firm: Corevision Financial Group, city: Shelbyville, value: 2.27640590433045; rank: 3, crd: 285030, firm: Daviman Financial, LLC, city: Noblesville, value: 0.530922829849238; rank: 4, crd: 315220, firm: Werner Financial, city: Indianapolis, value: 0.484138043686976; rank: 5, crd: 109563, firm: Halter Ferguson Financial Inc, city: Carmel, value: 0.445133128123718; rank: 6, crd: 330384, firm: Mindset Wealth Management, LLC, city: Indianapolis, value: 0.377573551007335; rank: 7, crd: 310603, firm: Comprehensive Financial Consultants, city: Cicero, value: 0.337903817404758; rank: 8, crd: 292627, firm: CX Institutional, LLC, city: Auburn, value: 0.337535651801123; rank: 9, crd: 334353, firm: Elevated Financial Group, city: Indianapolis, value: 0.332420667666166; rank: 10, crd: 123793, firm: Financial Plans & Strategies, Inc., city: Greenwood, value: 0.326026558112879, fastest-growing-3-year: rank: 1, crd: 325310, firm: Corevision Financial Group, city: Shelbyville, value: 0.614362383499299; rank: 2, crd: 109563, firm: Halter Ferguson Financial Inc, city: Carmel, value: 0.382636945093481; rank: 3, crd: 147676, firm: Teeple Snyder Newsome Wealth & Tax Management, city: Brownsburg, value: 0.31292236036396; rank: 4, crd: 121631, firm: Quantum Financial Services Inc., city: Indianapolis, value: 0.304660529941864; rank: 5, crd: 159003, firm: Gimbal Financial, LLC, city: Carmel, value: 0.290253780088568; rank: 6, crd: 170839, firm: Hendershott Wealth Management, LLC, city: Fishers, value: 0.289743159349821; rank: 7, crd: 145399, firm: Lji Wealth Management, LLC, city: Indianapolis, value: 0.285115405118102; rank: 8, crd: 324899, firm: Sapient Capital LLC, city: Indianapolis, value: 0.282025127892544; rank: 9, crd: 290565, firm: Vestia Personal Wealth Advisors, city: Fort Wayne, value: 0.273361175133235; rank: 10, crd: 292627, firm: CX Institutional, LLC, city: Auburn, value: 0.26232363004369, fastest-growing-5-year: rank: 1, crd: 143311, firm: Elser Financial Planning, Inc., city: Indianapolis, value: 0.333274711646396; rank: 2, crd: 292627, firm: CX Institutional, LLC, city: Auburn, value: 0.306083936376157; rank: 3, crd: 311934, firm: Maripau Wealth Management LLC, city: Fort Wayne, value: 0.279687114785905; rank: 4, crd: 168005, firm: FI3 Financial Advisors, LLC, city: Indianapolis, value: 0.275878403544499; rank: 5, crd: 145399, firm: Lji Wealth Management, LLC, city: Indianapolis, value: 0.260773570635119; rank: 6, crd: 121631, firm: Quantum Financial Services Inc., city: Indianapolis, value: 0.237261192975107; rank: 7, crd: 170839, firm: Hendershott Wealth Management, LLC, city: Fishers, value: 0.220134680894398; rank: 8, crd: 159003, firm: Gimbal Financial, LLC, city: Carmel, value: 0.214981445749751; rank: 9, crd: 131344, firm: Phillips Financial, city: Fort Wayne, value: 0.189676279779099; rank: 10, crd: 282712, firm: Howard Bailey Securities, LLC, city: Fort Wayne, value: 0.187801727144903, biggest-asset-gains: rank: 1, crd: 105303, firm: Oxford Financial Group, Ltd, city: Carmel, value: 3680468063; rank: 2, crd: 127132, firm: Valeo Financial Advisors, LLC, city: Carmel, value: 2318735709; rank: 3, crd: 324899, firm: Sapient Capital LLC, city: Indianapolis, value: 2317190722; rank: 4, crd: 292627, firm: CX Institutional, LLC, city: Auburn, value: 1126693654; rank: 5, crd: 107517, firm: Sym Financial Advisors, city: Winona Lake, value: 933608791; rank: 6, crd: 325310, firm: Corevision Financial Group, city: Shelbyville, value: 802030228; rank: 7, crd: 105653, firm: Bedel Financial Consulting Inc, city: Indianapolis, value: 449066719; rank: 8, crd: 131344, firm: Phillips Financial, city: Fort Wayne, value: 421600261; rank: 9, crd: 106131, firm: Donaldson Capital Management LLC, city: Evansville, value: 367106525; rank: 10, crd: 332803, firm: The Wellington GRP LLC, city: Indianapolis, value: 337223460, most-clients: rank: 1, crd: 292627, firm: CX Institutional, LLC, city: Auburn, value: 4563; rank: 2, crd: 135173, firm: Asset Management Strategies, Inc., city: Indianapolis, value: 4220; rank: 3, crd: 290565, firm: Vestia Personal Wealth Advisors, city: Fort Wayne, value: 3987; rank: 4, crd: 127132, firm: Valeo Financial Advisors, LLC, city: Carmel, value: 3042; rank: 5, crd: 282863, firm: Invst, LLC, city: Indianapolis, value: 2801; rank: 6, crd: 128606, firm: Korhorn Financial Group, city: Granger, value: 2516; rank: 7, crd: 107517, firm: Sym Financial Advisors, city: Winona Lake, value: 1991; rank: 8, crd: 106131, firm: Donaldson Capital Management LLC, city: Evansville, value: 1845; rank: 9, crd: 282712, firm: Howard Bailey Securities, LLC, city: Fort Wayne, value: 1756; rank: 10, crd: 107660, firm: Woodley Farra, city: Indianapolis, value: 1652, client-growth: rank: 1, crd: 325310, firm: Corevision Financial Group, city: Shelbyville, value: 0.699092088197147; rank: 2, crd: 168964, firm: Provider Financial, Inc., city: Indianapolis, value: 0.677740863787375; rank: 3, crd: 334353, firm: Elevated Financial Group, city: Indianapolis, value: 0.676814988290398; rank: 4, crd: 104964, firm: Deerfield, city: Indianapolis, value: 0.590909090909091; rank: 5, crd: 143311, firm: Elser Financial Planning, Inc., city: Indianapolis, value: 0.4; rank: 6, crd: 143075, firm: Forum Private Client Group, city: Fishers, value: 0.391969407265774; rank: 7, crd: 292627, firm: CX Institutional, LLC, city: Auburn, value: 0.328771112405358; rank: 8, crd: 123793, firm: Financial Plans & Strategies, Inc., city: Greenwood, value: 0.307134220072551; rank: 9, crd: 330384, firm: Mindset Wealth Management, LLC, city: Indianapolis, value: 0.306603773584906; rank: 10, crd: 286151, firm: Integrated Planning & Wealth Management, LLC, city: Westfield, value: 0.239520958083832, most-accounts: rank: 1, crd: 127132, firm: Valeo Financial Advisors, LLC, city: Carmel, value: 22812; rank: 2, crd: 292627, firm: CX Institutional, LLC, city: Auburn, value: 13723; rank: 3, crd: 282863, firm: Invst, LLC, city: Indianapolis, value: 6818; rank: 4, crd: 324899, firm: Sapient Capital LLC, city: Indianapolis, value: 6681; rank: 5, crd: 107517, firm: Sym Financial Advisors, city: Winona Lake, value: 6673; rank: 6, crd: 105303, firm: Oxford Financial Group, Ltd, city: Carmel, value: 6593; rank: 7, crd: 128606, firm: Korhorn Financial Group, city: Granger, value: 5880; rank: 8, crd: 105653, firm: Bedel Financial Consulting Inc, city: Indianapolis, value: 5435; rank: 9, crd: 282712, firm: Howard Bailey Securities, LLC, city: Fort Wayne, value: 4056; rank: 10, crd: 290565, firm: Vestia Personal Wealth Advisors, city: Fort Wayne, value: 3987, most-advisory-staff: rank: 1, crd: 127132, firm: Valeo Financial Advisors, LLC, city: Carmel, value: 119; rank: 2, crd: 292627, firm: CX Institutional, LLC, city: Auburn, value: 73; rank: 3, crd: 107517, firm: Sym Financial Advisors, city: Winona Lake, value: 49; rank: 4, crd: 128606, firm: Korhorn Financial Group, city: Granger, value: 42; rank: 5, crd: 282863, firm: Invst, LLC, city: Indianapolis, value: 39; rank: 6, crd: 105303, firm: Oxford Financial Group, Ltd, city: Carmel, value: 36; rank: 6, crd: 106131, firm: Donaldson Capital Management LLC, city: Evansville, value: 36; rank: 8, crd: 324899, firm: Sapient Capital LLC, city: Indianapolis, value: 30; rank: 9, crd: 159017, firm: Financial Enhancement Group, city: Anderson, value: 22; rank: 10, crd: 128257, firm: Cfci, city: Bloomington, value: 21, most-hnw-clients: rank: 1, crd: 290565, firm: Vestia Personal Wealth Advisors, city: Fort Wayne, value: 3105; rank: 2, crd: 127132, firm: Valeo Financial Advisors, LLC, city: Carmel, value: 2257; rank: 3, crd: 292627, firm: CX Institutional, LLC, city: Auburn, value: 1556; rank: 4, crd: 107660, firm: Woodley Farra, city: Indianapolis, value: 955; rank: 5, crd: 107517, firm: Sym Financial Advisors, city: Winona Lake, value: 848; rank: 6, crd: 105653, firm: Bedel Financial Consulting Inc, city: Indianapolis, value: 741; rank: 7, crd: 106131, firm: Donaldson Capital Management LLC, city: Evansville, value: 711; rank: 8, crd: 324899, firm: Sapient Capital LLC, city: Indianapolis, value: 691; rank: 9, crd: 105303, firm: Oxford Financial Group, Ltd, city: Carmel, value: 551; rank: 10, crd: 107218, firm: Galecki Financial Management Inc, city: Fort Wayne, value: 530, most-cfp-professionals: rank: 1, crd: 127132, firm: Valeo Financial Advisors, LLC, city: Carmel, value: 101; rank: 2, crd: 292627, firm: CX Institutional, LLC, city: Auburn, value: 27; rank: 3, crd: 128606, firm: Korhorn Financial Group, city: Granger, value: 23; rank: 4, crd: 107517, firm: Sym Financial Advisors, city: Winona Lake, value: 21; rank: 5, crd: 105303, firm: Oxford Financial Group, Ltd, city: Carmel, value: 19; rank: 6, crd: 106131, firm: Donaldson Capital Management LLC, city: Evansville, value: 12; rank: 7, crd: 105653, firm: Bedel Financial Consulting Inc, city: Indianapolis, value: 11; rank: 7, crd: 290565, firm: Vestia Personal Wealth Advisors, city: Fort Wayne, value: 11; rank: 9, crd: 282863, firm: Invst, LLC, city: Indianapolis, value: 9; rank: 10, crd: 122050, firm: Wealth Advisors Group, city: Fort Wayne, value: 8, newest: rank: 1, crd: 339197, firm: Storen Financial, city: Zionsville, value: 438267419; rank: 2, crd: 341851, firm: Nearside Advisors, LLC, city: Indianapolis, value: 188582674; rank: 3, crd: 121607, firm: Henthorn Agency, Inc., city: Beech Grove, value: 130000000; rank: 4, crd: 291148, firm: Titan Investment Management LLC, city: Indianapolis, value: 123932769; rank: 5, crd: 151976, firm: Genesis Advisors, LLC, city: Fishers, value: 121222670; rank: 6, crd: 300083, firm: Private Counsel Group, Ltd., city: Indianapolis, value: 116007039; rank: 7, crd: 169100, firm: Precedent Financial Strategies, city: Indianapolis, value: 111451980; rank: 8, crd: 108351, firm: CFG Wealth Management Services Inc, city: Indianapolis, value: 110201914; rank: 9, crd: 122706, firm: Integrated Investment Strategies,inc., city: Carmel, value: 104549560; rank: 10, crd: 286517, firm: Affinity Financial - the Walker Group LLC, city: Zionsville, value: 42078040
- cities: name: Carmel, independent_rias: 35, raum: 40541882887, url: https://advisoriq.com/ria/states/indiana/carmel/; name: Indianapolis, independent_rias: 88, raum: 38426651462, url: https://advisoriq.com/ria/states/indiana/indianapolis/; name: Fort Wayne, independent_rias: 30, raum: 9313648954, url: https://advisoriq.com/ria/states/indiana/fort-wayne/; name: Evansville, independent_rias: 9, raum: 5198496282, url: https://advisoriq.com/ria/states/indiana/evansville/; name: Fishers, independent_rias: 21, raum: 2440917910, url: https://advisoriq.com/ria/states/indiana/fishers/; name: Bloomington, independent_rias: 8, raum: 1868244020, url: https://advisoriq.com/ria/states/indiana/bloomington/; name: Zionsville, independent_rias: 10, raum: 1461183234, url: https://advisoriq.com/ria/states/indiana/zionsville/; name: South Bend, independent_rias: 9, raum: 1271648110, url: https://advisoriq.com/ria/states/indiana/south-bend/; name: Columbus, independent_rias: 5, raum: 1127987976, url: https://advisoriq.com/ria/states/indiana/columbus/; name: Greenwood, independent_rias: 7, raum: 1103559124, url: https://advisoriq.com/ria/states/indiana/greenwood/; name: Valparaiso, independent_rias: 6, raum: 592698883, url: https://advisoriq.com/ria/states/indiana/valparaiso/; name: Jeffersonville, independent_rias: 5, raum: 547223474, url: https://advisoriq.com/ria/states/indiana/jeffersonville/; name: New Albany, independent_rias: 5, raum: 515365995, url: https://advisoriq.com/ria/states/indiana/new-albany/; name: Westfield, independent_rias: 7, raum: 283891048, url: https://advisoriq.com/ria/states/indiana/westfield/; name: West Lafayette, independent_rias: 6, raum: 277484770, url: https://advisoriq.com/ria/states/indiana/west-lafayette/; name: Greenfield, independent_rias: 5, raum: 238231741, url: https://advisoriq.com/ria/states/indiana/greenfield/
- iar_ce_status: starts later

## Notes

- Firms are placed in the state of their main office.
- History covers SEC-registered firms only, from October 2018.

## 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
- NASAA IAR CE map, checked 2026-10-05: https://www.nasaa.org/industry-resources/investment-advisers/investment-adviser-representative-continuing-education/iar-ce-map/

## Related

- [RIA market data by state](https://advisoriq.com/ria/states/)
- [Largest independent RIAs by assets under management in Indiana](https://advisoriq.com/ria/rankings/largest/indiana/)
- [Fastest-growing independent RIAs over one year in Indiana](https://advisoriq.com/ria/rankings/fastest-growing/indiana/)
- [Fastest-growing independent RIAs over three years in Indiana](https://advisoriq.com/ria/rankings/fastest-growing-3-year/indiana/)
- [Fastest-growing independent RIAs over five years in Indiana](https://advisoriq.com/ria/rankings/fastest-growing-5-year/indiana/)
- [IAR CE in Indiana](https://advisoriq.com/ce/iar/indiana/)

## Cite as

AdvisorIQ, as of 2026-10-02. https://advisoriq.com/ria/states/indiana/

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