AdvisorCensus / Financial advisors / Indiana / Indianapolis / Goelzer Investment Management
Goelzer Investment Management
Filed as GOELZER INVESTMENT MANAGEMENT · Legal name Goelzer Investment Management, Inc.
Goelzer Investment Management is an SEC-registered investment advisory firm in Carmel, IN, registered since 1998, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated July 1, 2026.
Quick answers
From the filingHow is Goelzer Investment Management compensated?
On its Form ADV (Item 5.E, October 2026), Goelzer Investment Management reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).
What does Goelzer Investment Management's brochure say about its fees?
Its Form ADV Part 2A brochure dated July 1, 2026 states: Asset-based fee: 0.5% to 1.5% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Goelzer Investment Management located?
Goelzer Investment Management's principal office is in Carmel, IN, according to its Form ADV.
Is Goelzer Investment Management registered with the SEC or a state?
Goelzer Investment Management is an SEC-registered investment advisory firm, registered since 1998. Status as filed: Approved. CRD 44402.
How much does Goelzer Investment Management manage?
Goelzer Investment Management reports $4,510,923,289 in regulatory assets under management in its Form ADV filing dated July 1, 2026 (96% discretionary).
How have Goelzer Investment Management's assets and staff changed since 2021?
In the Form ADV data for Goelzer Investment Management: Regulatory assets under management: $2,111,463,357 in the October 2021 data and $4,510,923,289 in the October 2026 data, up 114%. Total employees: 29 in October 2021 and 34 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Goelzer Investment Management serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (404); individuals (other than high net worth individuals) (173); charitable organizations (42).
Which custodians does Goelzer Investment Management use?
Goelzer Investment Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists National Financial Services LLC as a custodian holding 10% or more of its separately managed account assets.
Does Goelzer Investment Management report any disciplinary disclosures?
Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.C(4) (SEC or CFTC order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/44402
Does Goelzer Investment Management state an account minimum?
Its Form ADV Part 2A brochure dated July 1, 2026 says: "Goelzer typically requires a minimum investment account size of $1,000,000. This minimum may be reduced at Goelzer’s discretion."
What changed in Goelzer Investment Management's recent Form ADV filings?
In the April 2026 filing data: No longer lists the business name Gpro. Added the business name Gpro Sports. Item 11 disclosure answers changed: 1 yes answer, previously 0 (now yes: 11.C(4)). Employees performing advisory functions went from 28 to 22. Regulatory assets under management went from $3,846,550,007 to $4,510,923,289 (+17%). Registered or notice-filed in NH. Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Fixed fees (other than subscription fees)
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAsset-based fee: 0.5% to 1.5% a year (a range, as the brochure states it)
The brochure's wording
For Goelzer’s private clients, advisory fees are generally charged according to a standard fee schedule, with fees ranging from approximately .5% to 1.5% of assets under management and a standard annual minimum fee of $10,000.
Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)
The brochure's wording
Goelzer typically requires a minimum investment account size of $1,000,000. This minimum may be reduced at Goelzer’s discretion.
As stated in the firm's Form ADV Part 2A brochure dated July 1, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$4,510,923,289 as of October 2026, filing dated July 1, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisers (including private fund managers)
- Publication of periodicals or newsletters
- Educational seminars/workshops
- Other
Registration and firm details
Items 1, 2, 5- Legal name
- Goelzer Investment Management, Inc.
- Also doing business as
- GPRO SPORTS
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 1998 (28 years)
- Employees
- Total: 34. Performing investment advisory functions: 22.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.
- States registered or notice-filed
-
20 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 111 Reports 1 disclosure item on Form ADV Item 11. View on IAPD.
Questions answered yes on this filing
Regulatory matters Items 11.C to 11.G
- 11.C(4) Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. What happened, and who was involved, is on the Disclosure Reporting Pages of the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $4,510,923,289 | 34 | July 1, 2026 |
| October 2025 | $3,846,550,007 | 35 | April 11, 2025 |
| October 2024 | $3,159,426,779 | 36 | September 30, 2024 |
| October 2023 | $2,360,180,745 | 37 | September 12, 2023 |
| October 2022 | $2,415,546,706 | 33 | March 28, 2022 |
| October 2021 | $2,111,463,357 | 29 | March 30, 2021 |
Regulatory assets under management: $2,111,463,357 in the October 2021 data and $4,510,923,289 in the October 2026 data, up 114%.
Total employees: 29 in October 2021 and 34 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- No longer lists the business name Gpro.
- Added the business name Gpro Sports.
- Item 11 disclosure answers changed: 1 yes answer, previously 0 (now yes: 11.C(4)).
- Employees performing advisory functions went from 28 to 22.
- Regulatory assets under management went from $3,846,550,007 to $4,510,923,289 (+17%).
- Registered or notice-filed in NH.
- Updated its list of owners and control persons (Schedule A).
- January 2026
- No longer registered or notice-filed in NJ, NY.
- December 2025
- Registered or notice-filed in KY, NC.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Goelzer Investment Management (CRD 44402): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/goelzer-investment-management-carmel-in-44402