In Indiana, asset management companies engage in managing client investments, enhancing capital growth, and providing tailored financial guidance. They typically include wealth management firms, investment advisors, and consultancies serving high-net-worth individuals, families, and institutions. Offering services like portfolio management, estate planning, and retirement consulting, the sector is adapting to technological advancements, promoting robust digital solutions and personalized strategies. As the market evolves, firms increasingly prioritize ethical investment practices and transparency, positioning themselves to better serve the changing needs of their clientele.

The companies highlighted in this list represent a variety of sizes, from smaller teams of 1-10 professionals to larger firms with up to 200 employees. They are principally stationed across major cities like Indianapolis and Carmel, with establishment years spanning from the 1960s to the 2010s. Each firm specializes in different facets of asset management, whether it’s private wealth management, strategic investing, or consulting. Their collective experience speaks to their commitment in addressing the complex financial landscapes their clients navigate.

Continue reading to explore the top asset management companies in Indiana.

Top 19 Asset Management Companies in Indiana

1. Oxford Financial Group, Ltd.

• Website: ofgltd.com
• Ownership type: Family Owned
• Headquarters: Carmel, Indiana, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1981
• Headcount: 51-200
• LinkedIn: oxford-financial-group-ltd.

Oxford Financial Group, Ltd. is a wealth management firm based in Carmel, Indiana, established in 1981. The firm specializes in providing investment advisory services, family office solutions, and institutional consulting. They cater to a wide array of clients, including individuals, families, business owners, and institutions, offering customized financial strategies to help clients manage their wealth effectively. With a team of experienced professionals, Oxford Financial Group emphasizes a client-focused approach, ensuring that each financial solution is tailored to meet the unique needs of their clients. The firm operates as a family-owned entity, which often fosters a strong sense of trust and commitment to client relationships. Their services extend across various financial needs, including estate planning, investment management, and fiduciary services, making them a comprehensive resource for wealth management. As of now, there is no reported funding, indicating that they operate independently without external financial backing.

2. Windsor Wealth Management

• Website: windsorwealth.com
• Ownership type: Private
• Headquarters: Indianapolis, Indiana, United States (USA)
• Founded year: 1986
• Headcount: 11-50
• LinkedIn: windsorwealth

Windsor Wealth Management, known as Corient Private Wealth LLC, is a private wealth management firm based in Indianapolis, Indiana. Founded in 1986, the firm specializes in providing comprehensive financial services to high-net-worth individuals, entrepreneurs, and corporate executives. Their offerings include investment management, estate planning, and family office solutions, all designed to help clients navigate complex financial landscapes. With a focus on personalized service, Windsor Wealth Management aims to simplify clients' lives and help them establish lasting legacies. The firm manages a substantial amount of client assets, reflecting its expertise and commitment to client success. Their fiduciary approach ensures that clients' interests are prioritized in all financial dealings, making them a relevant player in the asset management industry.

3. Bedel Financial Consulting

• Website: bedelfinancial.com
• Ownership type: Private
• Headquarters: Indianapolis, Indiana, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1989
• Headcount: 11-50
• LinkedIn: bedel-financial-consulting-inc

Bedel Financial Consulting, based in Indianapolis, Indiana, is a private financial planning firm founded in 1989. The company focuses on comprehensive wealth management, retirement planning, and investment management, primarily serving affluent clients and families nearing retirement. With a team of 26 professionals, including CERTIFIED FINANCIAL PLANNER™ (CFP®) and Chartered Financial Analysts (CFA), Bedel Financial emphasizes a client-first approach, ensuring transparency and trust in their services. They have developed a structured process for financial planning that includes regular reviews and active monitoring of investments. The firm is also recognized for its community involvement, supporting various local organizations and initiatives. Bedel Financial has not reported any funding, indicating a self-sustaining business model that relies on client fees for revenue.

4. Wallington Asset Management

• Website: wallingtonasset.com
• Ownership type: Private
• Headquarters: Indianapolis, Indiana, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1988
• Headcount: 11-50
• LinkedIn: wallingtonasset

Wallington Asset Management, based in Indianapolis, Indiana, is a private wealth management firm founded in 1988. With a team of 20 professionals, the firm specializes in investment management and financial planning services tailored to high-net-worth individuals and institutions. Wallington prides itself on its independent, fee-only model, which aligns its interests with those of its clients. The firm offers a range of services, including private investment management, wealth management, capital advisory, and institutional investment consulting. Their investment philosophy is rooted in robust in-house research and a commitment to delivering tax-efficient, lower volatility portfolios. Wallington has built a reputation for its personalized approach, ensuring that each client's unique financial goals are met with customized strategies. The firm also engages in community empowerment initiatives, reflecting its commitment to social responsibility.

5. Woodley Farra Manion Portfolio Management

• Website: woodleyfarra.com
• Ownership type: Private
• Headquarters: Indianapolis, Indiana, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1995
• Headcount: 11-50
• LinkedIn: woodley-farra-manion-portfolio-management

Woodley Farra Manion Portfolio Management, based in Indianapolis, Indiana, is a private financial advisory firm that specializes in investment management and financial planning. Established in 1995, the firm has built a reputation for its disciplined investment approach and personalized service, catering to both individuals and organizations. With a team that boasts over 100 years of combined investment management experience, Woodley Farra Manion focuses on long-term strategies, emphasizing the safekeeping and betterment of clients' assets. They conduct in-house research, analyzing individual securities to construct portfolios that typically consist of 25 to 30 carefully selected stocks. The firm has been recognized for its excellence, notably ranking #1 on the CNBC Financial Advisor 100 list in 2022, a distinction that reflects their strong regulatory compliance, asset management practices, and revenue growth. Their services also extend to non-profit foundations and charitable giving, showcasing their commitment to community engagement and responsible investment practices.

6. Goelzer Investment Management

• Website: goelzerinc.com
• Ownership type: Private
• Headquarters: Carmel, Indiana, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1969
• Headcount: 11-50
• LinkedIn: goelzer-investment-management

Goelzer Investment Management is an investment advisory firm based in Carmel, Indiana, established in 1969. The firm specializes in wealth management and investment strategies tailored for high net worth individuals, families, and institutions. Goelzer offers a range of services, including comprehensive wealth advisory, institutional advisory, and specialized planning for professional athletes. Their approach is characterized by a commitment to understanding clients' unique financial landscapes and providing customized solutions that align with their goals. The firm prides itself on its proprietary investment strategies and local investment expertise, which they leverage to guide clients through complex financial decisions. Goelzer's team is dedicated to delivering a unique experience for each client, ensuring that their individual needs and aspirations are at the forefront of their advisory services. The firm has also been recognized for its workplace culture, being named a Best Place to Work in Indiana multiple times, reflecting its commitment to both clients and employees.

7. Winthrop Capital Management

• Website: winthropcm.com
• Ownership type: Corporate
• Headquarters: Indianapolis, Indiana, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: August 2018
• Founded year: 2007
• Headcount: 11-50
• LinkedIn: winthrop-capital-management

Winthrop Capital Management is an investment management firm based in Indianapolis, Indiana, established in 2007. The company specializes in providing customized investment solutions tailored to the needs of financial advisors and institutions. With a team of 11 to 50 employees, Winthrop focuses on managing equity and fixed income portfolios, offering risk management services, and delivering detailed performance reporting. Their client base primarily consists of financial advisors and institutions looking to optimize their investment strategies. Winthrop is an SEC-registered investment advisor, which underscores their commitment to ethical standards and fiduciary responsibility. The firm has developed proprietary technology, WOMBAT®, to enhance their investment processes and reporting capabilities, reflecting their innovative approach to asset management. Winthrop Capital Management is dedicated to maintaining high standards of excellence and integrity in all aspects of their operations.

8. Witness Investment

• Website: witnessinv.com
• Ownership type: Private
• Headquarters: Indianapolis, Indiana, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2016
• Headcount: 1-10
• LinkedIn: the-witness-group

Witness Investment is an investment management firm based in Indianapolis, Indiana, established in 2016. The company specializes in asset management and growth investing, focusing on sectors such as retail, office, multi-family, and hospitality. With a team of 23 employees, Witness Investment prides itself on its three decades of hands-on experience in managing assets. They aim to provide strategic guidance to both individual and institutional investors, ensuring sustainable performance and maximizing returns. The firm actively manages a portfolio that includes partnerships with major hotel brands like Marriott, Hilton, and Hyatt, showcasing their involvement in the hospitality sector. Witness Investment emphasizes a holistic approach to asset management, fostering relationships that extend beyond mere transactions, and striving to create long-term value for their clients and communities.

9. Donaldson Capital Management

• Website: dcmol.com
• Ownership type: Private
• Headquarters: Evansville, Indiana, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1995
• Headcount: 51-200
• LinkedIn: donaldson-capital-management

Donaldson Capital Management, founded in 1995 and based in Evansville, Indiana, is a private financial advisory firm that provides a range of services including wealth management, comprehensive financial planning, retirement plan services, and investment management. The firm is dedicated to helping individuals, businesses, and foundations navigate their financial journeys with a focus on security, income, and growth. As of December 31, 2022, they manage approximately $2.3 billion in assets, demonstrating their capability in the asset management sector. Their investment philosophy centers on selecting companies that consistently pay and increase dividends, which they believe is a reliable indicator of financial health. The firm operates under a fiduciary standard, ensuring that client interests are prioritized. Donaldson Capital Management has also been recognized for its performance, being named to the CNBC Financial Advisor Top 100 list in 2022, which highlights their standing in the competitive financial advisory landscape.

10. Harbour Trust Company

• Website: harbourtrust.com
• Ownership type: Private
• Headquarters: Michigan City, Indiana, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1997
• Headcount: 11-50
• LinkedIn: harbour-trust-company

Harbour Trust & Investment Management Company, based in Michigan City, Indiana, has been providing investment management and fiduciary services since its founding in 1997. The firm focuses on helping individuals and families navigate their financial journeys through tailored financial planning and asset management strategies. Their services include Individual Retirement Accounts (IRAs), investment management accounts, trust execution and administration, and strategic asset allocation. Harbour Trust prides itself on building strong, personal relationships with clients, ensuring that each investment strategy aligns with the unique goals and risk tolerances of their clientele. With a dedicated team of experienced financial professionals, the company has successfully managed over $1 billion in assets, reflecting their expertise and commitment to client success. They operate under stringent regulatory standards, providing clients with peace of mind regarding the security of their investments.

11. Proteus, LLC

• Website: proteuscapital.us
• Ownership type: Private
• Headquarters: Indianapolis, Indiana, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2014
• Headcount: 11-50
• LinkedIn: proteusllc

Proteus, LLC, founded in 2014 and based in Indianapolis, Indiana, is an investment management firm that specializes in alternative investments. The company offers a sophisticated platform designed for wealth advisors and their clients, providing access to private market investments and advanced portfolio management tools. Proteus serves a range of clients, including financial advisors and institutions, helping them navigate the complexities associated with alternative asset management. Their platform streamlines the investment process, offering tools for sourcing, due diligence, and reporting, which are essential for managing alternative investments effectively. With a team that boasts an average of 15 years of experience in alternative markets, Proteus is committed to delivering innovative solutions that enhance the investment experience for their clients. They have established partnerships with various financial institutions, further solidifying their presence in the industry.

12. Fi3 Financial Advisors, LLC

• Website: fi3advisors.com
• Ownership type: Private
• Headquarters: Indianapolis, Indiana, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2013
• Headcount: 11-50
• LinkedIn: fi3-financial-advisors-llc

Fi3 Financial Advisors, LLC, based in Indianapolis, Indiana, is an independent financial advisory firm founded in 2013. With a team of 22 professionals, including CPAs and CERTIFIED FINANCIAL PLANNER™ practitioners, the firm specializes in providing comprehensive wealth management and investment consulting services tailored to high net worth families. Acting as a Family CFO, Fi3 Advisors offers a range of services, including financial planning, investment management, and estate planning. Their holistic approach ensures that clients receive personalized advice that considers their unique financial situations and long-term goals. Fi3 Advisors is committed to transparency, operating on a fee-only basis without selling products or receiving commissions. This model fosters trust and aligns their interests with those of their clients, making them a relevant player in the asset management industry.

13. Capital Cities, LLC

• Website: capcities.com
• Ownership type: Private
• Headquarters: Indianapolis, Indiana, United States (USA)
• Founded year: 1998
• Headcount: 11-50
• LinkedIn: capital-cities-llc

Capital Cities, LLC, founded in 1998 and based in Indianapolis, Indiana, is an investment consulting firm that specializes in providing comprehensive consulting solutions to institutional clients. The firm serves a range of clients, including public funds, retirement plans, foundations, endowments, trusts, and operating funds. With a focus on delivering objective investment advice, risk management, and performance improvement, Capital Cities helps clients navigate the complexities of their fiduciary duties. The firm prides itself on its personalized approach, ensuring that each client receives dedicated attention from seasoned professionals. With over $35 billion in assets under advisement, Capital Cities has established a strong presence in the investment consulting industry, emphasizing high client retention rates and a commitment to service that reflects Midwestern values. Their team includes experienced professionals who are well-versed in the intricacies of institutional investing, making them a valuable partner for organizations looking to enhance their investment strategies.

14. Fnex

• Website: fnex.com
• Ownership type: Private
• Headquarters: Indianapolis, Indiana, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: $1.0M, March 2014
• Founded year: 2012
• Headcount: 51-200
• LinkedIn: fnex

Fnex, based in Indianapolis, Indiana, is a private investment bank founded in 2012. The firm specializes in private securities and alternative investments, providing strategic advisory services to institutions, business owners, and family offices. With a team of over 100 investment bankers and financial professionals, Fnex has successfully completed more than $15 billion in transactions over the past five years. Their services include access to the private securities market, an alternatives market for wealth advisors, and a confidential dark pool for institutional transactions. Additionally, Fnex offers a range of solutions, including fund distribution and compliance services, making it a comprehensive partner for clients navigating the complexities of investment banking and asset management.

15. Indiana Trust Wealth Management

• Website: indtrust.com
• Ownership type: Private
• Headquarters: Mishawaka, Indiana, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1988
• Headcount: 11-50
• LinkedIn: indiana-trust

Indiana Trust Wealth Management, based in Mishawaka, Indiana, is a private wealth management firm that has been operational since 1988. The company specializes in providing comprehensive financial services, including investment management, retirement planning, and trust services. They serve a variety of clients, including individuals, families, businesses, and nonprofit organizations. Indiana Trust prides itself on its fiduciary duty, ensuring that client interests are prioritized in all financial dealings. The firm has a strong focus on multigenerational wealth management, helping families navigate the complexities of preserving and growing their assets over time. Their commitment to community support and local engagement further underscores their role as a trusted advisor in the financial sector. Indiana Trust is also notable for being the first independent trust company in Indiana and remains employee-owned, which may contribute to its personalized approach to client service.

16. Creative Financial Designs, Inc

• Website: creativefinancialdesigns.com
• Ownership type: Private
• Headquarters: Kokomo, Indiana, United States (USA)
• Founded year: 1982
• Headcount: 11-50
• LinkedIn: creative-financial-designs-inc

Creative Financial Designs, Inc. is an investment management firm based in Kokomo, Indiana, founded in 1982. The company specializes in providing investment advisory services and financial planning to a wide array of clients, including individuals, families, businesses, and organizations. Their approach is centered on understanding each client's unique financial situation and goals, allowing them to create customized investment strategies. The firm prides itself on its integrity and commitment to client service, ensuring that clients receive the support they need to navigate their financial journeys. Creative Financial Designs also offers various management platforms and financial planning tools, demonstrating their capability to adapt to different client needs. As a registered investment adviser, they are regulated and adhere to industry standards, further solidifying their position in the financial services sector.

17. Sheaff Brock Investment Advisors

• Website: sheaffbrock.com
• Ownership type: Private
• Headquarters: Indianapolis, Indiana, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2001
• Headcount: 11-50
• LinkedIn: sheaff-brock-investment-advisors

Sheaff Brock Investment Advisors is an investment advisory firm based in Indianapolis, Indiana, specializing in wealth management for high-net-worth individuals. Established in 2001, the firm offers a range of services including portfolio strategies, money management, and financial planning. Their approach is centered on helping clients achieve long-term financial goals while effectively managing investment risks. Sheaff Brock employs proprietary investment strategies that leverage sophisticated research and technology to inform their decision-making. The firm has gained recognition in the industry, notably being ranked in the top 10 of the CNBC Financial Advisor 100 list for four consecutive years, reflecting their commitment to excellence and client service. With a team of experienced professionals, Sheaff Brock aims to provide tailored solutions that align with the unique needs of their clients, ensuring their wealth is preserved and grown over time.

18. SYM Financial Advisors

• Website: sym.com
• Ownership type: Private
• Headquarters: Winona Lake, Indiana, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1968
• Headcount: 51-200
• LinkedIn: sym-financial-advisors-indiana-michigan

SYM Financial Advisors, founded in 1968 and based in Winona Lake, Indiana, is a private financial advisory firm that focuses on wealth management, retirement planning, and investment consulting. With a team of 81 employees, SYM serves a variety of clients, including individuals, families, and businesses, providing tailored financial strategies to help them achieve their financial objectives. The firm operates under a fiduciary standard, ensuring that clients' best interests are prioritized in all financial decisions. SYM has built a reputation for its commitment to transparency and personalized service, which is reflected in their fee-only model. They have been recognized as one of the top fee-only RIAs, ranking #96 in 2023, which underscores their credibility and expertise in the asset management sector. Their services include portfolio management, employer-sponsored retirement plans, and private investments, showcasing their comprehensive approach to financial advisory.

19. Avalon Wealth Advisory

• Website: avalonwealth.com
• Ownership type: Private
• Headquarters: Indianapolis, Indiana, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 1999
• Headcount: 11-50
• LinkedIn: avalon-wealth-advisory

Avalon Wealth Advisory, founded in 1999 and based in Indianapolis, Indiana, is a private financial advisory firm that specializes in wealth management and financial planning. With a team of 17 professionals, the firm offers a wide array of services tailored to both individuals and businesses. Their offerings include investment planning, retirement planning, tax planning, and estate planning, among others. Avalon Wealth is dedicated to providing personalized, fiduciary advice, ensuring that clients' best interests are prioritized over commission-driven agendas. Each advisor holds professional financial planning designations, underscoring their commitment to expertise and ongoing education in the financial sector. The firm has built a reputation for fostering long-term relationships with clients, focusing on their unique financial goals and needs.

Asset Management Insights: Key Companies in Indiana

Company	Headquarter	Size	Founded	Ownership
Oxford Financial Group, Ltd.	Carmel, Indiana, United States (USA)	51-200	1981	Family Owned
Windsor Wealth Management	Indianapolis, Indiana, United States (USA)	11-50	1986	Private
Bedel Financial Consulting	Indianapolis, Indiana, United States (USA)	11-50	1989	Private
Wallington Asset Management	Indianapolis, Indiana, United States (USA)	11-50	1988	Private
Woodley Farra Manion Portfolio Management	Indianapolis, Indiana, United States (USA)	11-50	1995	Private
Goelzer Investment Management	Carmel, Indiana, United States (USA)	11-50	1969	Private
Winthrop Capital Management	Indianapolis, Indiana, United States (USA)	11-50	2007	Corporate
Witness Investment	Indianapolis, Indiana, United States (USA)	1-10	2016	Private
Donaldson Capital Management	Evansville, Indiana, United States (USA)	51-200	1995	Private
Harbour Trust Company	Michigan City, Indiana, United States (USA)	11-50	1997	Private
Proteus, LLC	Indianapolis, Indiana, United States (USA)	11-50	2014	Private
Fi3 Financial Advisors, LLC	Indianapolis, Indiana, United States (USA)	11-50	2013	Private
Capital Cities, LLC	Indianapolis, Indiana, United States (USA)	11-50	1998	Private
Fnex	Indianapolis, Indiana, United States (USA)	51-200	2012	Private
Indiana Trust Wealth Management	Mishawaka, Indiana, United States (USA)	11-50	1988	Private
Creative Financial Designs, Inc	Kokomo, Indiana, United States (USA)	11-50	1982	Private
Sheaff Brock Investment Advisors	Indianapolis, Indiana, United States (USA)	11-50	2001	Private
SYM Financial Advisors	Winona Lake, Indiana, United States (USA)	51-200	1968	Private
Avalon Wealth Advisory	Indianapolis, Indiana, United States (USA)	11-50	1999	Private

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