Indiana’s capital is a vibrant Midwestern city with no shortage of qualified financial advisors. Working with either a financial advisor or a financial planner can help you feel confident about the direction of your financial future.
Looking to get started? Take a look at our picks for the best financial advisors in Indianapolis, Indiana.
1. Best for Personalized Approach: Windsor Wealth Management
Windsor Wealth Management prides itself on taking an individualized approach to wealth management and financial planning. Its individual clients include Fortune 500 executives, medical professionals, families (including widows) and professionals. Advisors work to help you find solutions and develop strategies toward meeting your financial goals no matter what stage in life you are in.
Advisors are able to give advice on tax planning, retirement planning, education planning, estate planning and more. They take into account your family circumstances, tolerance for risk, personal obligations and other unique considerations. Wealth management fees start between 0.20% and 1% annually on the value of assets under management.
- Customizable Auto Investing
2. Best Robo-Advisor: M1 Finance
M1 Finance is a robo-advisor optimizes the way you invest, borrow and spend your money.
You can build your own investment portfolio or choose an expert-picked portfolio. Either way, there are no annual fees and you won’t be charged for trades. M1 Finance uses the latest technology to help you with tax-efficiency, auto-investing, portfolio allocation and more.
You’ll be able to borrow at a low-interest rate once your account has a balance of $10,000. M1 Finance also offers cash management. You can open a FDIC-insured checking account without any monthly maintenance fees. If you’re looking for even more benefits, upgrade to an M1 Plus account for a 1% cashback debit card and 1% APY on your checking account balance. An M1 Plus membership costs only $125 per year.
3. Best for Accounting: BKD Wealth Advisors
BKD is a national CPA and advisory firm that offers wealth management and financial services to individual clients and their families. Its financial planning services include estate planning, retirement planning, education planning, insurance planning and more. Its investment portfolios are made up of a mix of mutual funds, exchange-traded funds (ETFs), bonds, stocks and alternative investments.
BKD is mostly known for its tax and accounting services. It’s been named in Inside’s 2019 ranking of Best of the Best accounting firms. If you choose to work with BKD for your accounting needs, you’ll qualify for their bundled pricing program that combines wealth management and tax services. Otherwise, wealth management fees range between 0.45% to 1.50% of total assets under management.
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Financial planning services
- Pension consulting services
- Selection of other advisers (including private fund managers)
Address
910 EAST ST LOUIS ST SUITE 200SPRINGFIELD MO, 65806
Phone number
417.866.5822
4. Best for Young Professionals: Deerfield Financial Advisors
Deerfield Financial Advisors is a fiduciary investment advisory firm with offices in Indiana and Illinois. The firm and its advisors have been featured in publications including the U.S. News & World Report, the Wall Street Journal and Financial Planning. Many of its clients are looking to either build their wealth or manage their existing wealth.
Advisors offer cash flow analysis, retirement planning, estate planning, education planning and more. They also specialize in student loan management. Advisors can construct a customized student loan plan for and offer recommendations unique to your financial situation. These services are especially helpful for young, affluent professionals that are looking to get a head start on planning their futures.
- High Net Worth Individuals
5. Best Portfolio Analysis: Personal Capital
Personal Capital combines the best of robo-advising with the experience of an in-person financial advisor. As a member, you can use Personal Capital’s financial tools to analyze your net-worth, monitor your investments, optimize your cash flow, build a budget and more.
You’ll also have access to a financial advisor who can speak with you one-on-one about your financial goals. Your advisor will give your recommendations based on your unique situation. You can use the free financial tools to monitor your improvements and help you stay on track.
Although there is no minimum balance required to create a Personal Capital account and use the free financial tools, you will need at least $100,000 in your accounts to speak with an advisor. Annual fees can range between 0.89% and 0.49% of your total assets under management.
6. Best for High-Net-Worth Families: Column Capital Wealth Management
Column Capital Wealth Management is an independent, fee-only wealth management firm. This means advisors do not accept any kind of commissions and will act in your best interest. Most of Column Capital’s clients are high-net-worth individuals and their families.
Investment portfolios are mostly made up of mutual funds and ETFs. Advisors encourage frequent communication — about 2-3 times per year — to ensure you are satisfied with your portfolio’s performance. Advisors are able to consult with you on estate planning, budgeting, tax planning, retirement planning, wealth transfer and more. The firm also operates a family office division that provides tax preparation and representation services. Investment management fees range from 0.20% to 1% of assets under management.
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Financial planning services
- Selection of other advisers (including private fund managers)
Address
3815 RIVER CROSSING PARKWAY SUITE 340INDIANAPOLIS IN, 46240-7808
Phone number
317-663-6500
- Comparing Advisors
8. Best for Finding Custom Financial Advisors: SmartAsset
Find the right financial advisor to prepare for your future. SmartAsset's platform connects investors, soon-to-be-retirees and retirees with financial advisors from across the country.
As the first comprehensive solution for easily and securely pairing investors with financial advisors, SmartAsset provides you with free and secure access to the financial advisor marketplace and sources advisors that are right specifically for you based on your location, assets and personal preferences.
Answer a brief survey regarding your preparedness for retirement, investment style and contact information, so SmartAsset’s algorithm can match you with the best financial advisor for you!
9. Best for Comprehensive Approach: Bedel Financial Consulting
Bedel Financial Consulting is an independent wealth management firm that has been serving clients since 1989. The firm combines wealth management with financial planning to generate a comprehensive approach. Its advisors include Certified Financial Planner™ practitioners (CFP) and Chartered Financial Analysts (CFA). Many clients are individuals, families and young professionals.
Advisors offer retirement planning, tax planning, estate planning, family business planning, charitable giving and more. Investment management accounts incur an annual fee between 0.25% to 1.05%, depending on the size of the account.
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Financial planning services
- Pension consulting services
Address
8940 RIVER CROSSING BLVD. SUITE 120INDIANAPOLIS IN, 46240
Phone number
317-843-1358
Frequently Asked Questions
Q: How can I research the background of my financial advisor?
A: Before you work with an advisor, make sure to research their credentials, background and any disciplinary actions through the Securities and Exchange Commission (SEC) website.
Q: Do financial advisors check your credit?
A: There’s no credit requirement to work with a financial advisor. But an advisor pulls your credit score if that is an area of concern for you.
Q: Do I need a financial advisor for retirement?
A: While you don’t need a financial advisor for retirement, working with an advisor can help you get the most out of your goals. If you’re already in retirement, an advisor can help you optimize your cash flow.
Working with a Financial Advisor
No matter what stage of life you are in, working with a financial advisor can help you plan your future. Whether you want to pay down debt, buy a home, manage your investments or optimize your retirement savings, a financial advisor can make it easier to overcome obstacles and achieve your goals.
Methodology
To determine the top financial advisors in Indianapolis we pored through all SEC-registered advisory firms who have an office in Indianapolis. To winnow down the list we only included advisors who were registered fiduciaries, had no past disclosures and have minimal personal conflicts of interest. To further break down the list to the true top advisors in the area, we gave weight to advisors that offer both investment management and planning, have no conflicts of interest, have offices in multiple states, have a wrap fee program and have over $50 million in assets under management.