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Largest Indianapolis-Area
Investment Brokerage Firms

(Ranked by number of local licensed brokers(1))

Rank 2019 rank	Firm Address Telephone / Website	Employees: Local Licensed Brokers(1)/Total FTE Total Licensed Brokers(1)	Offices: Local/Total Local Assets Under Management	SPECIALTIES					Additional Products/Specialties	Head(s) of local Office, Title(s) Owner(s)	Est. Locally HQ City
Rank 2019 rank	Firm Address Telephone / Website		Offices: Local/Total Local Assets Under Management	Options	Commodities	CDs	OTC Market-maker	Underwriting	Additional Products/Specialties	Head(s) of local Office, Title(s) Owner(s)	Est. Locally HQ City
1 1	Charles Schwab & Co. Inc. 8332 Woodfield Crossing Blvd., 46240 317-713-3820 / schwab.com	725 / 1,000 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 7	Merrill Lynch 510 E. 96th St., Suite 500, 46240 317-848-2100 / local.ml.com/carmel_in	113 / DND 16,740	7 / 684 DND	•				•	wealth management, banking services, consumer and commercial lending	Mark Ricca, director, market executive public company	1947 Charlotte, N.C.
3 5	Raymond James and Associates Inc. 11611 N. Meridian St., Suite 600, Carmel 46032 317-573-1777 / raymondjames.com	101 / 192 8,200	22 / DND $7 billion	•		•	•	•	wealth management	Patrick O'Donovan, managing director public company	1998 St. Petersburg, Fla.
4 3	Morgan Stanley Wealth Management 800 E. 96th St., Suite 400, 46240 317-818-7300 / morganstanley.com	100 / 135 15,777	2 / 1,200 DND	•	•	•	•		DND	Michael L. Green, executive director public company	1966 Purchase, N.Y.
5 6	Northwestern Mutual Indiana(2) 111 Monument Circle, Suite 3800, 46204 317-238-6500 / indy.nm.com	95 / 200 DND	5 / 343 DND	•		•			disability, trust services	David D. Kiecker, managing partner Northwestern Mutual Life Insurance Co.	1890 Milwaukee
6 4	WestPoint Financial Group 900 E. 96th St., Suite 300, 46240 317-469-9999 / westpointfinancialgroup.com	80 / DND 188	6 / 40 DND	•		•			life insurance, annuities, disability income, long-term care	Gregory A. McRoberts, managing partner WestPoint Financial Group	1948 Springfield, Mass.
7 8	OneAmerica Securities Inc. One American Square, Suite 1737, 46204 877-285-3863 / oneamericasecurities.com	56 / 86 514	7 / 173 $631 million			•			variable life and annuities, alternative investments	Matt Fleetwood, president OneAmerica Financial Partners Inc.	1969 Indianapolis
8 9	Stifel 8900 Keystone Crossing, Suite 300, 46240 317-706-1420 / stifel.com	51 / 94 2,200	3 / 415 $12 billion	•	•	•	•	•	financial services, investment management	Ted Sturges; Malcolm Frost; Stephen Warner, branch managers Stifel Financial Corp.	2002 St. Louis
9 10	Wells Fargo Advisors 8888 Keystone Crossing, Suite 400, 46240 317-844-4850 / wellsfargoadvisors.com	46 / 73 15,000	1 / DND DND	•	•	•	•	•	insurance; asset, liability and wealth management; investment banking	Gerald S. Berg, managing director, market manager public company	1965 San Francisco
10 UBS	UBS Financial Services Inc. 8801 River Crossing Blvd., Suite 400, 46240 317-816-0800 / ubs.com	40 / 69 7,000	2 / 350 $5 billion	•	•	•	•	•	lending services, estate planning, financial planning	Kristin Popovic, branch manager public company	1954 Weehawken, N.J.
11 11	Thurston Springer Financial 9000 Keystone Crossing, seventh floor, 46240 317-581-4000 / thurstonspringer.com	33 / 42 71	5 / 26 $2 billion	•	•	•			fee-based wealth management/planning, life/property/casualty insurance, retirement services, cash management	Rick Parker, CEO James J. Titak; Rick Parker	1981 Indianapolis
12 NR	Fifth Third Bank 251 N. Illinois St., Suite 1000, 46204 317-383-2200 / 53.com	30 / DND 460	41 / 1,137 DND	•		•			wrap accounts	Kevin Hipskind, regional president Fifth Third Bancorp	1989 Cincinnati
13 15	Equitable Advisors LLC(3) 9465 Counselors Row, Suite 120, 46240 317-841-7500 / midamerica.equitableadvisors.com	25 / 30 5,800	7 / 150 DND	•		•		•	education savings plans; life, disability and long-term-care insurance; annuities; estate planning	Gregg LaSpisa; Brandy Mickens, EVPs Equitable Holdings	1859 New York
13 17	KeyBank 10 W. Market St., Suite 900, 46204 317-464-8008 / key.com	25 / DND DND	DND / DND DND			•			annuities, education planning, insurance	Juan F. Gonzalez, central Indiana market president KeyCorp	1972 Cleveland
15 13	Sanctuary Wealth 250 W. 96th St., Suite 300, 46260 317-975-7729 / sanctuarywealth.com	22 / 30 91	1 / 8 $6 billion	•		•			multi-custodian clearing products, fiduciary asset management, corporate and municipal finance, secured lines of credit, trusts	Jim Dickson, CEO Sanctuary Wealth Group LLC	2018 Indianapolis
16 19	Elements Wealth Management 225 S. East St., Suite 156, 46202 888-425-0374 / elements.org	9 / 13 15	3 / 4 $800 million	•	•	•			corporate retirement plans, estate planning, life and long-term-care insurance	Matthew R. Snively, SVP, wealth management Elements Financial Federal Credit Union	1997 Indianapolis
16 21	Planned Investment Co. Inc. 9265 Counselors Row, Suite 150, 46260 317-575-8804 / plannedinvest.com	9 / 10 9	1 / 1 $400 million			•			registered investment advisory services	G. Donald Steel, president, CEO G. Donald Steel; Eric Steel; Thomas Rohn; Thomas Hill	1958 St Louis
18 19	National Financial Group Inc. 10585 N. Meridian St., 46290 317-218-2090 / indy-nfg.com	8 / 12 8	1 / 1 $160 million			•			business succession, estate planning	Patrick L. Fitzgerald, principal DND	1994 Indianapolis
19 23	First Merchants Bank 10333 N. Meridian St., Suite 350, Carmel 46290 317-844-2980 / firstmerchants.com	4 / 560 21	50 / 145 $144 million			•			fee based advisory, real estate investment trusts and annuities	Michael J. Stewart, CBO; Michael K. Hurst, region president First Merchants Corp.	1884 Muncie
20 25	Old National Investments 1 Monument Circle, Suite 150, 46204 317-612-0250 / oldnational.com	2 / 4 60	17 / 162 DND			•			DND	Monica Phillips, community executive Old National Bancorp	1834 Evansville