{ "path": "/advisors/in/indianapolis/carmel", "url": "https://advisorcensus.com/advisors/in/indianapolis/carmel", "page_type": "metro_city", "title": "Financial advisors in Carmel, IN", "filters": {}, "scope_total": 42, "faq": [ { "q": "How many financial advisory firms are there in Carmel, IN?", "a": "AdvisorCensus lists 42 investment advisory firms with a principal office in Carmel, Indiana (part of the Indianapolis metro area), from Form ADV filings as of October 2026: 25 SEC-registered, 16 state-registered, and 1 exempt reporting adviser. Firms may request removal, so the count can differ slightly from the number of firms that file Form ADV." }, { "q": "How many fee-only financial advisors are in Carmel, IN?", "a": "13 of the 42 firms meet AdvisorCensus's fee-only test: paid only by a percentage of assets, hourly charges, fixed fees, or subscription fees on Form ADV Item 5.E (no commissions, performance-based fees, or other compensation), with no sales-related compensation ties in the same filing: no employee registered with a broker-dealer or licensed as an insurance agent (Item 5.B), no brokerage, insurance, real estate, or other product sales business (Item 6.A), no related broker-dealer, insurance company, real estate broker, or futures commission merchant (Item 7.A), and no referral fees from others or other sales interest (Item 8). Form ADV has no fee-only box, so this is derived from the filing; it is not a fee-only certification, and a firm's own page lists its compensation arrangements as filed." }, { "q": "How many financial advisors in Carmel, IN offer financial planning?", "a": "26 of the 41 firms in Carmel, IN that answer Form ADV Item 5.G, which asks what advisory services a firm provides, report financial planning services, as of October 2026. Exempt reporting advisers do not answer Item 5.G. Each firm page lists every advisory service the firm reports." }, { "q": "Are the financial advisors in Carmel, IN fiduciaries?", "a": "Every firm on this page is an investment adviser that files Form ADV, and an investment adviser owes its clients a fiduciary duty under federal law, made up of a duty of care and a duty of loyalty: it must act in the client's best interest and not put its own interests ahead of the client's, and must eliminate its conflicts of interest or disclose them fully and fairly. Form ADV has no fiduciary box because the duty comes with being an investment adviser. The duty covers the firm's advice; a firm or its people may also sell securities through a broker-dealer or insurance as licensed agents, roles held to other standards. The 13 firms that meet AdvisorCensus's fee-only test report none of those sales ties." }, { "q": "How do I check whether a financial advisor has disciplinary disclosures?", "a": "Each firm page shows how many Form ADV Item 11 disciplinary questions the firm answered yes and links to the firm's record on the SEC's Investment Adviser Public Disclosure site (adviserinfo.sec.gov), where the detail of each disclosure is public. Individual advisers' records are on the same site and on FINRA BrokerCheck." }, { "q": "Does AdvisorCensus rate, verify, or recommend these firms?", "a": "No. The directory shows what each firm filed, in alphabetical order unless you choose another sort, and no firm's position depends on payment. Firms that claim their page can add a description and links, marked as provided by the firm; the filed facts are never changed by that content." }, { "q": "What does regulatory assets under management mean?", "a": "Regulatory assets under management (RAUM) is the figure a firm reports on Form ADV Item 5.F: the securities portfolios it provides continuous and regular supervisory or management services for, at market value, including assets managed without discretion. It measures scale, not performance or quality." } ], "period": "2026-10-01", "answer_paragraph": "AdvisorCensus lists 42 investment advisory firms with a principal office in Carmel, Indiana (part of the Indianapolis metro area), drawn from Form ADV filings as of October 2026. Firms are listed alphabetically; the full Indianapolis metro area, including neighboring cities, is on its own page. Firms may request removal from the directory, so this count can differ from the number of firms that file Form ADV.", "about_market": null, "citation": "AdvisorCensus. Financial advisors in Carmel, IN: 42 firms from Form ADV filings as of October 2026.", "total_firms": 42, "page": 1, "total_pages": 1, "sort": "name", "registration_types": { "sec": 25, "state": 16, "exempt": 1 }, "fee_model_mix": [ { "code": "fee-only", "count": 13 }, { "code": "percentage_of_aum", "count": 37 }, { "code": "hourly", "count": 13 }, { "code": "subscription", "count": 0 }, { "code": "fixed", "count": 23 }, { "code": "commissions", "count": 1 }, { "code": "performance_based", "count": 5 }, { "code": "other", "count": 10 }, { "code": "not_reported", "count": 1 } ], "years_registered_distribution": [ { "code": "under_5", "count": 12 }, { "code": "5_to_9", "count": 11 }, { "code": "10_to_19", "count": 10 }, { "code": "20_plus", "count": 9 }, { "code": "not_reported", "count": 0 } ], "raum_band_distribution": [ { "code": "under_25m", "count": 5 }, { "code": "25m_100m", "count": 9 }, { "code": "100m_500m", "count": 11 }, { "code": "500m_1b", "count": 5 }, { "code": "1b_5b", "count": 3 }, { "code": "over_5b", "count": 5 }, { "code": "not_reported", "count": 4 } ], "firms": [ { "crd_number": 107740, "name": "40/86 Advisors, Inc.", "name_as_filed": "40/86 ADVISORS, INC.", "url": "https://advisorcensus.com/firm/40-86-advisors-inc-carmel-in-107740", "city": "Carmel", "state": "IN", "years_registered": 43, "raum_band": "over_5b", "compensation_types": [ "percentage_of_aum", "performance_based" ], "enhanced": false }, { "crd_number": 122360, "name": "Aldebaran Capital, LLC", "name_as_filed": "ALDEBARAN CAPITAL, LLC", "url": "https://advisorcensus.com/firm/aldebaran-capital-llc-carmel-in-122360", "city": "Carmel", "state": "IN", "years_registered": 5, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum" ], "enhanced": false }, { "crd_number": 136403, "name": "Archer Investment Corporation", "name_as_filed": "ARCHER INVESTMENT CORPORATION", "url": "https://advisorcensus.com/firm/archer-investment-corporation-carmel-in-136403", "city": "Carmel", "state": "IN", "years_registered": 21, "raum_band": "1b_5b", "compensation_types": [ "percentage_of_aum", "fixed" ], "enhanced": false }, { "crd_number": 338016, "name": "BAM Credit Manager, LLC", "name_as_filed": "BAM CREDIT MANAGER, LLC", "url": "https://advisorcensus.com/firm/bam-credit-manager-llc-carmel-in-338016", "city": "Carmel", "state": "IN", "years_registered": 0, "raum_band": "not_reported", "compensation_types": [], "enhanced": false }, { "crd_number": 114970, "name": "Cade Group, Inc.", "name_as_filed": "CADE GROUP, INC.", "url": "https://advisorcensus.com/firm/cade-group-inc-carmel-in-114970", "city": "Carmel", "state": "IN", "years_registered": 14, "raum_band": "25m_100m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed", "other" ], "enhanced": false }, { "crd_number": 300078, "name": "Catalyze Wealth Management", "name_as_filed": "CATALYZE WEALTH MANAGEMENT", "url": "https://advisorcensus.com/firm/catalyze-wealth-management-carmel-in-300078", "city": "Carmel", "state": "IN", "years_registered": 7, "raum_band": "25m_100m", "compensation_types": [ "percentage_of_aum", "fixed" ], "enhanced": false }, { "crd_number": 160776, "name": "CID Capital II, Inc.", "name_as_filed": "CID CAPITAL II, INC.", "url": "https://advisorcensus.com/firm/cid-capital-ii-inc-carmel-in-160776", "city": "Carmel", "state": "IN", "years_registered": 12, "raum_band": "500m_1b", "compensation_types": [ "percentage_of_aum", "other" ], "enhanced": false }, { "crd_number": 291604, "name": "Circle City Wealth Management LLC", "name_as_filed": "CIRCLE CITY WEALTH MANAGEMENT LLC", "url": "https://advisorcensus.com/firm/circle-city-wealth-management-llc-carmel-in-291604", "city": "Carmel", "state": "IN", "years_registered": 8, "raum_band": "25m_100m", "compensation_types": [ "fixed", "other" ], "enhanced": false }, { "crd_number": 306691, "name": "Crown Haven Wealth Management", "name_as_filed": "CROWN HAVEN WEALTH MANAGEMENT", "url": "https://advisorcensus.com/firm/crown-haven-wealth-management-carmel-in-306691", "city": "Carmel", "state": "IN", "years_registered": 6, "raum_band": "not_reported", "compensation_types": [ "other" ], "enhanced": false }, { "crd_number": 290074, "name": "Fortitude Private Wealth", "name_as_filed": "FORTITUDE PRIVATE WEALTH", "url": "https://advisorcensus.com/firm/fortitude-private-wealth-carmel-in-290074", "city": "Carmel", "state": "IN", "years_registered": 1, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 323182, "name": "Fortress Capital Advisors", "name_as_filed": "FORTRESS CAPITAL ADVISORS", "url": "https://advisorcensus.com/firm/fortress-capital-advisors-carmel-in-323182", "city": "Carmel", "state": "IN", "years_registered": 4, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 130753, "name": "Four Quadrant Wealth Advisors, Inc.", "name_as_filed": "FOUR QUADRANT WEALTH ADVISORS, INC.", "url": "https://advisorcensus.com/firm/four-quadrant-wealth-advisors-inc-carmel-in-130753", "city": "Carmel", "state": "IN", "years_registered": 4, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum", "fixed" ], "enhanced": false }, { "crd_number": 159003, "name": "Gimbal Financial, LLC", "name_as_filed": "GIMBAL FINANCIAL, LLC", "url": "https://advisorcensus.com/firm/gimbal-financial-llc-carmel-in-159003", "city": "Carmel", "state": "IN", "years_registered": 9, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum" ], "enhanced": false }, { "crd_number": 44402, "name": "Goelzer Investment Management", "name_as_filed": "GOELZER INVESTMENT MANAGEMENT", "url": "https://advisorcensus.com/firm/goelzer-investment-management-carmel-in-44402", "city": "Carmel", "state": "IN", "years_registered": 28, "raum_band": "1b_5b", "compensation_types": [ "percentage_of_aum", "fixed" ], "enhanced": false }, { "crd_number": 137933, "name": "Greenleaf Financial Group", "name_as_filed": "GREENLEAF FINANCIAL GROUP", "url": "https://advisorcensus.com/firm/greenleaf-financial-group-carmel-in-137933", "city": "Carmel", "state": "IN", "years_registered": 6, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum", "fixed" ], "enhanced": false }, { "crd_number": 109563, "name": "Halter Ferguson Financial Inc", "name_as_filed": "HALTER FERGUSON FINANCIAL INC", "url": "https://advisorcensus.com/firm/halter-ferguson-financial-inc-carmel-in-109563", "city": "Carmel", "state": "IN", "years_registered": 26, "raum_band": "500m_1b", "compensation_types": [ "percentage_of_aum", "hourly", "fixed", "performance_based" ], "enhanced": false }, { "crd_number": 154503, "name": "Indie Asset Partners, LLC", "name_as_filed": "INDIE ASSET PARTNERS, LLC", "url": "https://advisorcensus.com/firm/indie-asset-partners-llc-carmel-in-154503", "city": "Carmel", "state": "IN", "years_registered": 16, "raum_band": "500m_1b", "compensation_types": [ "percentage_of_aum", "fixed", "performance_based" ], "enhanced": false }, { "crd_number": 122706, "name": "Integrated Investment Strategies,inc.", "name_as_filed": "INTEGRATED INVESTMENT STRATEGIES,INC.", "url": "https://advisorcensus.com/firm/integrated-investment-strategies-inc-carmel-in-122706", "city": "Carmel", "state": "IN", "years_registered": 0, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum", "hourly", "other" ], "enhanced": false }, { "crd_number": 286151, "name": "Integrated Planning & Wealth Management, LLC", "name_as_filed": "INTEGRATED PLANNING & WEALTH MANAGEMENT, LLC", "url": "https://advisorcensus.com/firm/integrated-planning-and-wealth-management-llc-carmel-in-286151", "city": "Carmel", "state": "IN", "years_registered": 2, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum", "fixed" ], "enhanced": false }, { "crd_number": 112196, "name": "Intrepid Financial Planning Group, LLC", "name_as_filed": "INTREPID FINANCIAL PLANNING GROUP, LLC", "url": "https://advisorcensus.com/firm/intrepid-financial-planning-group-llc-carmel-in-112196", "city": "Carmel", "state": "IN", "years_registered": 24, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum" ], "enhanced": false }, { "crd_number": 122921, "name": "Legacy Financial Planners LLC", "name_as_filed": "LEGACY FINANCIAL PLANNERS LLC", "url": "https://advisorcensus.com/firm/legacy-financial-planners-llc-carmel-in-122921", "city": "Carmel", "state": "IN", "years_registered": 26, "raum_band": "not_reported", "compensation_types": [ "hourly", "other" ], "enhanced": false }, { "crd_number": 289065, "name": "Lewis Wealth Management, LLC", "name_as_filed": "LEWIS WEALTH MANAGEMENT, LLC", "url": "https://advisorcensus.com/firm/lewis-wealth-management-llc-carmel-in-289065", "city": "Carmel", "state": "IN", "years_registered": 9, "raum_band": "25m_100m", "compensation_types": [ "percentage_of_aum", "fixed", "other" ], "enhanced": false }, { "crd_number": 109140, "name": "McMahan Capital Management", "name_as_filed": "MCMAHAN CAPITAL MANAGEMENT", "url": "https://advisorcensus.com/firm/mcmahan-capital-management-carmel-in-109140", "city": "Carmel", "state": "IN", "years_registered": 1, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum" ], "enhanced": false }, { "crd_number": 164328, "name": "MJ Retirement", "name_as_filed": "MJ RETIREMENT", "url": "https://advisorcensus.com/firm/mj-retirement-carmel-in-164328", "city": "Carmel", "state": "IN", "years_registered": 14, "raum_band": "over_5b", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 331623, "name": "Monument Advisers", "name_as_filed": "MONUMENT ADVISERS", "url": "https://advisorcensus.com/firm/monument-advisers-carmel-in-331623", "city": "Carmel", "state": "IN", "years_registered": 2, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum" ], "enhanced": false }, { "crd_number": 123138, "name": "Olympic Financial, LLC", "name_as_filed": "OLYMPIC FINANCIAL, LLC", "url": "https://advisorcensus.com/firm/olympic-financial-llc-carmel-in-123138", "city": "Carmel", "state": "IN", "years_registered": 25, "raum_band": "not_reported", "compensation_types": [ "other" ], "enhanced": false }, { "crd_number": 105303, "name": "Oxford Financial Group, Ltd", "name_as_filed": "OXFORD FINANCIAL GROUP, LTD", "url": "https://advisorcensus.com/firm/oxford-financial-group-ltd-carmel-in-105303", "city": "Carmel", "state": "IN", "years_registered": 42, "raum_band": "over_5b", "compensation_types": [ "percentage_of_aum", "fixed" ], "enhanced": false }, { "crd_number": 146233, "name": "Park + Elm Investment Advisers", "name_as_filed": "PARK + ELM INVESTMENT ADVISERS", "url": "https://advisorcensus.com/firm/park-plus-elm-investment-advisers-carmel-in-146233", "city": "Carmel", "state": "IN", "years_registered": 16, "raum_band": "25m_100m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 317946, "name": "Rockford Group Investment Advisor", "name_as_filed": "ROCKFORD GROUP INVESTMENT ADVISOR", "url": "https://advisorcensus.com/firm/rockford-group-investment-advisor-carmel-in-317946", "city": "Carmel", "state": "IN", "years_registered": 0, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum", "hourly", "other" ], "enhanced": false }, { "crd_number": 292217, "name": "Royal Capital Wealth Management LLC", "name_as_filed": "ROYAL CAPITAL WEALTH MANAGEMENT LLC", "url": "https://advisorcensus.com/firm/royal-capital-wealth-management-llc-carmel-in-292217", "city": "Carmel", "state": "IN", "years_registered": 8, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum" ], "enhanced": false }, { "crd_number": 144782, "name": "Sbauer Funds, LLC", "name_as_filed": "SBAUER FUNDS, LLC", "url": "https://advisorcensus.com/firm/sbauer-funds-llc-carmel-in-144782", "city": "Carmel", "state": "IN", "years_registered": 19, "raum_band": "25m_100m", "compensation_types": [ "percentage_of_aum" ], "enhanced": false }, { "crd_number": 288623, "name": "Shepherd Financial Investment Advisory LLC", "name_as_filed": "SHEPHERD FINANCIAL INVESTMENT ADVISORY LLC", "url": "https://advisorcensus.com/firm/shepherd-financial-investment-advisory-llc-carmel-in-288623", "city": "Carmel", "state": "IN", "years_registered": 8, "raum_band": "over_5b", "compensation_types": [ "percentage_of_aum", "fixed" ], "enhanced": false }, { "crd_number": 333298, "name": "Strive Financial Group, LLC", "name_as_filed": "STRIVE FINANCIAL GROUP, LLC", "url": "https://advisorcensus.com/firm/strive-financial-group-llc-carmel-in-333298", "city": "Carmel", "state": "IN", "years_registered": 1, "raum_band": "100m_500m", "compensation_types": [ "percentage_of_aum", "fixed", "commissions" ], "enhanced": false }, { "crd_number": 171068, "name": "Telegraph Equity Partners Limited", "name_as_filed": "TELEGRAPH EQUITY PARTNERS LIMITED", "url": "https://advisorcensus.com/firm/telegraph-equity-partners-limited-carmel-in-171068", "city": "Carmel", "state": "IN", "years_registered": 12, "raum_band": "25m_100m", "compensation_types": [ "percentage_of_aum" ], "enhanced": false }, { "crd_number": 316747, "name": "The Financial Resource Center", "name_as_filed": "THE FINANCIAL RESOURCE CENTER", "url": "https://advisorcensus.com/firm/the-financial-resource-center-carmel-in-316747", "city": "Carmel", "state": "IN", "years_registered": 4, "raum_band": "500m_1b", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 305312, "name": "True Wealth Stewards", "name_as_filed": "TRUE WEALTH STEWARDS", "url": "https://advisorcensus.com/firm/true-wealth-stewards-carmel-in-305312", "city": "Carmel", "state": "IN", "years_registered": 7, "raum_band": "25m_100m", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false }, { "crd_number": 152256, "name": "Turtair Capital Advisors", "name_as_filed": "TURTAIR CAPITAL ADVISORS", "url": "https://advisorcensus.com/firm/turtair-capital-advisors-carmel-in-152256", "city": "Carmel", "state": "IN", "years_registered": 13, "raum_band": "25m_100m", "compensation_types": [ "percentage_of_aum", "hourly" ], "enhanced": false }, { "crd_number": 149612, "name": "Two Fish Management", "name_as_filed": "TWO FISH MANAGEMENT", "url": "https://advisorcensus.com/firm/two-fish-management-carmel-in-149612", "city": "Carmel", "state": "IN", "years_registered": 7, "raum_band": "under_25m", "compensation_types": [ "percentage_of_aum", "performance_based" ], "enhanced": false }, { "crd_number": 282576, "name": "US Agriculture", "name_as_filed": "US AGRICULTURE", "url": "https://advisorcensus.com/firm/us-agriculture-carmel-in-282576", "city": "Carmel", "state": "IN", "years_registered": 10, 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"https://advisorcensus.com/firm/winthrop-capital-management-carmel-in-145216", "city": "Carmel", "state": "IN", "years_registered": 16, "raum_band": "1b_5b", "compensation_types": [ "percentage_of_aum", "hourly", "fixed" ], "enhanced": false } ], "states": [], "metros": [], "siblings": { "national": "/advisors", "state": { "path": "/advisors/in", "label": "Financial advisors in Indiana" }, "metro": { "path": "/advisors/in/indianapolis", "label": "Financial advisors in Indianapolis, IN" }, "city_pages": [ { "path": "/advisors/in/indianapolis/fishers", "label": "Financial advisors in Fishers, IN", "firm_count": 18 } ], "fee_pages": [ { "path": "/advisors/in/indianapolis/fee-only", "label": "Fee-only financial advisors in Indianapolis, IN", "firm_count": 68 }, { "path": "/advisors/in/indianapolis/flat-fee", "label": "Flat-fee financial advisors in Indianapolis, IN", "firm_count": 116 }, { "path": "/advisors/in/indianapolis/hourly", "label": "Hourly financial advisors in Indianapolis, IN", "firm_count": 103 } ], "niche_pages": [ { "path": "/advisors/in/indianapolis/private-business-equity-and-partnerships", "firm_count": 1, "label": "Financial advisors for private business equity and partnerships in Indianapolis, IN" }, { "path": "/advisors/in/indianapolis/professional-athletes", "firm_count": 1, "label": "Financial advisors for professional athletes in Indianapolis, IN" } ] }, "csv": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }