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Indiano Capital Management

Rochester, NYSEC-registered investment adviserCRD 122620

Filed as INDIANO CAPITAL MANAGEMENT · Legal name Indiano Capital Management Inc.

Indiano Capital Management is an SEC-registered investment advisory firm in Rochester, NY, registered since 2006, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 30, 2026.

20 years
registered since 2006
$253,822,996
assets under management
1 arrangement
Percentage of assets
None
disclosure items (Item 11)

Quick answers

From the filing

How is Indiano Capital Management compensated?

On its Form ADV (Item 5.E, October 2026), Indiano Capital Management reports these compensation arrangements: a percentage of assets under its management.

Where is Indiano Capital Management located?

Indiano Capital Management's principal office is in Rochester, NY, according to its Form ADV.

Is Indiano Capital Management registered with the SEC or a state?

Indiano Capital Management is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 122620.

How much does Indiano Capital Management manage?

Indiano Capital Management reports $253,822,996 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

How have Indiano Capital Management's assets and staff changed since 2021?

In the Form ADV data for Indiano Capital Management: Regulatory assets under management: $261,934,512 in the October 2021 data and $253,822,996 in the October 2026 data, down 3%. Total employees: 2 in October 2021 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.

What types of clients does Indiano Capital Management serve?

By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (38); high net worth individuals (12); insurance companies (2).

Which custodians does Indiano Capital Management use?

Indiano Capital Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Canandaigua National Corporation, Charles Schwab & Co., Inc., JP Morgan Private Bank, RBC Wealth Management and UBS Financial Services Inc. as custodians holding 10% or more of its separately managed account assets.

Does Indiano Capital Management report any disciplinary disclosures?

Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/122620

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

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 2A

The brochure lists different fees for different services or strategies. See the firm's brochure (dated March 30, 2026) for its fees and any account minimum, on the SEC's IAPD site.

Regulatory assets under management

Item 5.F
$253,822,996

$253,822,996 as of October 2026, filing dated March 30, 2026.

Discretionary: $253,822,996.Non-discretionary: $0.

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.D
Individuals (other than high net worth individuals)
Clients 38 Assets $1,866,159 (1%)
High net worth individuals
Clients 12 Assets $205,720,763 (81%)
Insurance companies
Clients 2 Assets $46,165,990 (18%)
Corporations or other businesses not listed above
Clients 1 Assets $70,084 (0%)

A 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
  • Portfolio management for individuals and/or small businesses
  • Portfolio management for businesses (other than small businesses) or institutional clients

Registration and firm details

Items 1, 2, 5
Legal name
Indiano Capital Management Inc.
Registration
SEC-registered investment adviser. Status as filed: Approved.
Registered since
2006 (20 years)
Employees
Total: 2. Performing investment advisory functions: 2.
Wrap fee program participation
No.
Custodians (Schedule D, Section 5.K(3))
Canandaigua National CorporationCharles Schwab & Co., Inc.JP Morgan Private BankRBC Wealth ManagementUBS Financial Services Inc.

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
2 states or jurisdictions
FLNY

SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration

Disclosures

Item 11

None Reports no disclosure items on Form ADV Item 11. View on IAPD.

Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures

Assets and staff over time

Items 5.A, 5.F
$262M 2021 $351M 2022 $286M 2023 $286M 2024 $276M 2025 $254M 2026
Data periodAssets under managementEmployeesFiling dated
October 2026$253,822,9962March 30, 2026
October 2025$275,561,8672March 31, 2025
October 2024$286,350,1712March 21, 2024
October 2023$285,637,6462July 19, 2023
October 2022$350,787,9732March 29, 2022
October 2021$261,934,5122March 10, 2021

Regulatory assets under management: $261,934,512 in the October 2021 data and $253,822,996 in the October 2026 data, down 3%.

Total employees: 2 in October 2021 and 2 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

No changes to these filed facts in the last 12 months of filing data.

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.I
indiano.com

Source: 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. Indiano Capital Management (CRD 122620): Form ADV filing data as of October 2026.
https://advisorcensus.com/firm/indiano-capital-management-rochester-ny-122620