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Largest Indianapolis-Area
Investment Brokerage Firms
(Ranked by number of local licensed brokers(1))
Rank
2018
rank
Firm
Address
Telephone / Website
Employees:
Local Licensed Brokers(1)/Total FTE
Total Licensed Brokers(1)
Offices:
Local/Total
Local Assets
Under Management
SPECIALTIESAdditional
Products/Specialties

Head(s) of local
Office, Title(s)
Owner(s)
Est. Locally
HQ City
Options
Commodities
CDs
OTC Market-maker
Underwriting
1
1
Charles Schwab & Co. Inc.
8332 Woodfield Crossing Blvd., 46240
317-713-3820 / schwab.com
750 / 1,040
DND
4 / 350
DND


wealth management, financial planning, estate planning, investment portfolio review, automated investing options, banking/mortgage
Brial R. Wissman,
VP, Indiana investor centers
Charles Schwab Corp.
1981
San Francisco
2
2
Edward Jones
5209 N. College Ave., 46220
317-737-1695 / edwardjones.com
176 / 308
18,000
130 / 14,000
DND

individual investors, life insurance
Patrick Lane,
financial adviser, region 255
employee-owned
1922
St. Louis
3
5
Morgan Stanley Wealth Management
800 E. 96th St., Suite 400, 46240
317-818-7300 / morganstanley.com
109 / DND
15,777
2 / 1,200
DND




DND
Michael L. Green,
executive director
public company
1966
Purchase, N.Y.
4
5
WestPoint Financial Group
900 E. 96th St., Suite 300, 46240
317-469-9999 / westpointfinancialgroup.com
99 / DND
188
6 / 40
DND


life insurance, annuities, disability income, long-term care
Gregory A. McRoberts,
managing partner
WestPoint Financial Group
1948
Springfield, Mass.
5
7
Raymond James and Associates Inc.
11611 N. Meridian St., Suite 600, Carmel 46032
317-573-1777 / raymondjames.com
98 / 182
7,446
22 / DND
$6 billion




wealth management, mortgages and other lending products
Patrick O'Donovan,
central Indiana complex manager
public company
1998
St. Petersburg, Fla.
6
4
Northwestern Mutual Indiana(2)
111 Monument Circle, Suite 3800, 46204
317-238-6500 / indy.nm.com
91 / 200
DND
5 / 343
DND


disability, trust services
David D. Kiecker,
managing partner
Northwestern Mutual Life Insurance Co.
1890
Milwaukee
7
3
Merrill Lynch
510 E. 96th St., Suite 500, 46240
317-848-2100 / local.ml.com/carmel_in
90 / 160
16,740
7 / 684
$20 billion


wealth management, banking services, consumer and commercial lending
Brooke Thompson,
market executive; Mark Ricca,
director, market executive
public company
1947
Charlotte, N.C.
8
9
OneAmerica Securities Inc.
One American Square, Suite 1737, 46204
877-285-3863 / oneamericasecurities.com
55 / 82
508
6 / 163
$535 million

variable life and annuities, alternative investments
Matt Fleetwood,
president
OneAmerica Financial Partners Inc.
1969
Indianapolis
9
11
Stifel
8900 Keystone Crossing, Suite 300, 46240
317-706-1420 / stifel.com
47 / 86
2,266
3 / 415
$10 billion





money management
Ted Sturges; Malcolm Frost; Stephen Warner,
branch managers
Stifel Financial Corp.
2002
St. Louis
10
10
Wells Fargo Advisors
8888 Keystone Crossing, Suite 400, 46240
317-844-4850 / wellsfargoadvisors.com
46 / 73
15,000
2 / DND
DND





insurance; asset, liability and wealth management;
investment banking
Gerald S. Berg,
managing director,
market manager

public company
1965
San Francisco
11
13
Thurston Springer Financial
9000 Keystone Crossing, seventh floor, 46240
317-581-4000 / thurstonspringer.com
41 / 45
70
5 / 23
DND



fee-based wealth management/planning, life/property/casualty insurance, retirement services,
cash management
Rick Parker,
CEO
James J. Titak; Rick Parker
1981
Indianapolis
11
12
UBS Financial Services Inc.
8801 River Crossing Blvd., Suite 400, 46240
317-816-0800 / ubs.com
41 / 69
7,000
2 / 350
$4 billion





lending services, estate planning, financial planning
Kristin Popovic,
branch manager
public company
1954
Weehawken, N.J.
13
15
Sanctuary Wealth
250 W. 96th St., Suite 300, 46260
317-975-7729 / sanctuarywealth.com
35 / 57
88
2 / 15
$3 billion


multi-custodian clearing products, fiduciary asset management, corporate and municipal finance, secured lines of credit, trusts
Jim Dickson,
CEO; Michael H. Longley,
chief administrative officer
Noyes Group LLC
1938
Chicago
14
PNC Investments
11405 N. Pennsylvania St., Suite 200, Carmel 46032
317-566-5588 / pnc.com
24 / 30
1,300
68 / 2,300
$1 billion




trust services, private banking, estate settlement, ESOP, insurance, long-term care
Daniel Kurowski,
regional sales manager
PNC Investments; PNC Financial Services Group; public company
1996
Pittsburgh
15
17
AXA Equitable Advisors LLC
9465 Counselors Row, Suite 120, 46240
317-841-7500 / indiana.axa-advisors.com
19 / 23
5,804
6 / 150
DND



education savings plans; life, disability and long-term-care insurance; annuities;
estate planning
Eleonora Anastasia Sciopu; Gregg LaSpisa,
EVPs
AXA Equitable
1859
New York
15
NR
Morris Group Inc.
8250 Haverstick Road, Suite 250, 46240
317-217-5440 / mgionline.net
19 / DND
19
1 / 1
DND
insurance products
John R. Simmons,
president
John R. Simmons
1983
Indianapolis
17
14
KeyBank
10 W. Market St., Suite 900, 46204
317-464-8008 / key.com
16 / 244
DND
DND / DND
DND

annuities, education planning, insurance
Juan F. Gonzalez,
central Indiana
market president

KeyCorp
1972
Cleveland
18
20
Financial Partners Group Inc.
571 Monon Blvd., Carmel 46032
317-616-2800 / financialpg.com
10 / 15
DND
1 / 3
$850 million


risk management strategies, estate, business and succession planning
Timothy L. Johnston,
president, founding member
Timothy L. Johnston
2002
Minneapolis
19
18
Elements Wealth Management
225 S. East St., Suite 156, 46202
888-425-0374 / elements.org
9 / 13
15
3 / 4
DND



corporate retirement plans, estate planning, life and long-term-care insurance
Matthew R. Snively,
SVP, wealth management
Elements Financial Federal Credit Union
1997
Indianapolis
19
22
National Financial Group Inc.
10585 N. Meridian St., 46290
317-218-2090 / indy-nfg.com
9 / 12
9
1 / 1
$150 million

business succession,
estate planning
Patrick L. Fitzgerald,
principal
DND
1994
Indianapolis
21
21
Planned Investment Co. Inc.
9265 Counselors Row, Suite 150, 46260
317-575-8804 / plannedinvest.com
8 / 10
9
1 / 1
$410 million

registered investment advisory services
G. Donald Steel,
president, CEO
G. Donald Steel; Eric Steel; Thomas Rohn; Thomas Hill
1958
St Louis
22
23
Baird
8801 River Crossing Blvd, Suite 120, 46240
317-582-2200 / rwbaird.com
7 / 12
900
1 / 83
DND




advisory investment management, variable annuities, life,
long-term-care insurance
Burton P. Street,
branch manager, SVP
employee-owned
1968
Milwaukee
23
25
First Merchants Bank
10333 N. Meridian St., Suite 350, Carmel 46290
317-844-2980 / firstmerchants.com
5 / 565
21
50 / 145
$3 billion

fee based advisory, real estate investment trusts and annuities
Michael J. Stewart,
CBO; Michael K. Hurst,
region president
First Merchants Corp.
1884
Muncie
23
NR
Retirement Counseling Services
8465 Keystone Crossing, Suite 195, 46240
317-472-9336 / lpl.com/vince.catania
5 / 6
5
1 / 1
DND


holistic and non-financial retirement issues addressed as part of counseling
Vincent J. Catania,
partner
Vincent J. Catania
1987
DND
25
NR
Old National Investments
1 Monument Circle, Suite 150, 46204
317-612-0250 / oldnational.com
2 / 4
60
18 / 193
DND

retirement planning, education planning, financial planning,
long-term care, life insurance
Mark Bradford,
region CEO
Old National Bancorp
1834
Evansville
26
NR
IB Investments LLC
160 W. Carmel Drive, Suite 289, Carmel 46032
(317) 819-0732 / rjobrien.com
1 / DND
1
1 / 1
$250,000


specialized assistance for individuals, corporations and institutions who either hedge or invest in commodity futures markets
Andrew A. Baird,
manager
Andrew A. Baird
2004
Carmel