Wealth manager, independent · Indianapolis, IN
Deerfield
Deerfield Financial Advisors, Inc. · SEC-registered investment adviser · CRD 104964 · SEC 801-25156
At a glance
Deerfield is an SEC-registered investment adviser based in Indianapolis, Indiana, with $1.2B in regulatory assets under management as of its Form ADV filed March 3, 2026. It reports 310 individual clients, 163 of them high-net-worth, holding an average of about $3.7 million each, and 14 employees. That ranks it 931st among the nation’s 5,657 independent wealth management RIAs and 15th of 88 in Indiana. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 317-469-2455deerfieldfa.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.2B
- Rank among independent wealth managers
- #931 of 5,657
- Rank among all SEC RIAs
- #4,899 of 17,210
- Rank in Indiana
- #15 of 88
- Individual clients
- 310
- High-net-worth clients
- 163
- Accounts
- 1,073
- Discretionary
- 83% of AUM
- Employees
- 14
- Advisory staff
- 6
- Offices
- 8
Owners and executives on its Form ADV
- Susan M. SteelSenior Shareholder, President, Chief Operating Officer, Chief Financial Officer
- Bradley R. CougillSenior Shareholder, Vice President, and Chief Investment Officer
- Marsha A. KalasmikiChief Compliance Officer
- Matthew L. RoopShareholder
- Marcus F. MillerShareholder
Custody and brokerage
Broker-dealer
No broker-dealer ties
Deerfield 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 | 163 | $1.0B | 86% |
| Individuals | 147 | $117M | 10% |
| Charitable organizations | 6 | $26M | 2% |
| Pension and profit sharing plans | 8 | $11M | <1% |
| Corporations or other businesses | 7 | $5M | <1% |
Disciplinary disclosures
Deerfield 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
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗deerfieldfa.com ↗
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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, ten years of filings
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- Growth over one, three and five years
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- Rank against 3,103 peers of its type and size
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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 |
|---|---|---|
| Wealth Advisors GroupFort Wayne | $1.3B | 1,013 |
| Wallington Asset ManagementIndianapolis | $1.3B | 306 |
| Pettinga Financial Advisors, LLCEvansville | $1.3B | 668 |
| Corevision Financial GroupShelbyville | $1.2B | 1,290 |
| Korhorn Financial GroupGranger | $1.2B | 2,303 |
| Fi3 Financial Advisors, LLCIndianapolis | $1.1B | 246 |
Background
Questions
How much does Deerfield manage?
Deerfield reports $1.2B in regulatory assets under management across 1,073 accounts, 83% of it on a discretionary basis, on its Form ADV filed March 3, 2026.
How many clients does Deerfield have?
It reports 310 individual clients: 163 high-net-worth individuals and 147 other individuals. Individuals account for about 96% of its regulatory assets.
Where is Deerfield headquartered?
Its main office is in Indianapolis, Indiana. It reports 8 offices in total and 14 employees, 6 of whom perform investment advisory functions.
How does Deerfield charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; 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 Deerfield use?
It reports Charles Schwab as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed March 3, 2026, it reports these amounts held: Charles Schwab ($1.0B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Deerfield a hybrid RIA with a broker-dealer?
Deerfield reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Deerfield a fiduciary?
As an SEC-registered investment adviser, Deerfield 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 Deerfield’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 (2026-03-03), 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 →