Wealth manager, independent · Auburn, IN
CX Institutional, LLC
SEC-registered investment adviser · CRD 292627 · SEC 801-112742
At a glance
CX Institutional, LLC is an SEC-registered investment adviser based in Auburn, Indiana, with $4.5B in regulatory assets under management as of its Form ADV filed March 28, 2026. It reports 4,553 individual clients, 1,556 of them high-net-worth, holding an average of about $0.9 million each, and 130 employees. That ranks it 256th among the nation’s 5,657 independent wealth management RIAs and 5th of 88 in Indiana. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 260-927-1830LinkedInAs filed on Form ADV
- Regulatory AUM
- $4.5B
- Rank among independent wealth managers
- #256 of 5,657
- Rank among all SEC RIAs
- #2,267 of 17,210
- Rank in Indiana
- #5 of 88
- Individual clients
- 4,553
- High-net-worth clients
- 1,556
- Accounts
- 13,723
- Discretionary
- 100% of AUM
- Employees
- 130
- Advisory staff
- 73
- Offices
- 16
Owners and executives on its Form ADV
- Thomas D. KehoeManaging Director, Wealth Manager
- Stacy E. HeftyPresident
- David W. HeftyChief Executive Officer
- Edison ByzykaChief Investment Officer
- Christina L. NorthChief Financial Officer
- Kyle B. OstingChief Compliance Officer, General Counsel
- Matthew J HendricksonChief Operating Officer
- Albert L HicksDirector
Custody and brokerage
Broker-dealer
No broker-dealer ties
CX Institutional, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 1,556 | $3.3B | 74% |
| Individuals | 2,997 | $950M | 21% |
| Corporations or other businesses | – | $154M | 3% |
| Charitable organizations | 7 | $33M | <1% |
| Insurance companies | – | $4M | <1% |
Disciplinary disclosures
CX Institutional, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Pension consulting
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗
AtlasMembers
The full record on CX Institutional, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 8 years of filings
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- Growth over one, three and five years
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- Rank against 910 peers of its type and size
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- Owners and executives, with titles and stakes
- 8 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Indiana
All of Indiana →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Sapient Capital LLCIndianapolis | $14B | 980 |
| Valeo Financial Advisors, LLCCarmel | $13B | 3,021 |
| SYM Financial AdvisorsWinona Lake | $5.8B | 1,801 |
| Creative Financial Designs, Inc.Kokomo | $2.9B | 10,477 |
| Bedel Financial Consulting IncIndianapolis | $2.9B | 1,162 |
| Phillips FinancialFort Wayne | $2.6B | 888 |
Background
Questions
How much does CX Institutional, LLC manage?
CX Institutional, LLC reports $4.5B in regulatory assets under management across 13,723 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 28, 2026.
How many clients does CX Institutional, LLC have?
It reports 4,553 individual clients: 1,556 high-net-worth individuals and 2,997 other individuals. Individuals account for about 96% of its regulatory assets.
Where is CX Institutional, LLC headquartered?
Its main office is in Auburn, Indiana. It reports 16 offices in total and 130 employees, 73 of whom perform investment advisory functions.
How does CX Institutional, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does CX Institutional, LLC use?
It reports Charles Schwab as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed March 28, 2026, it reports these amounts held: Charles Schwab ($4.2B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is CX Institutional, LLC a hybrid RIA with a broker-dealer?
CX Institutional, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is CX Institutional, LLC a fiduciary?
As an SEC-registered investment adviser, CX Institutional, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is CX Institutional, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-28), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →