Broker-dealer firm · Parma, OH
Independence Capital Co., Inc.
SEC-registered investment adviser · CRD 24723 · SEC 801-136903
At a glance
Independence Capital Co., Inc. is an SEC-registered investment adviser based in Parma, Ohio, with $119 million in regulatory assets under management as of its Form ADV filed September 11, 2026. Its largest client group by assets is individuals, and it reports 300 individual clients. By Form ADV it is a broker-dealer firm, ranked 326th of 391 broker-dealer firms and 14,782nd of 17,210 SEC-registered advisers by assets.
Main office 440-888-7000indcap.comAs filed on Form ADV
- Regulatory AUM
- $119M
- Rank among broker-dealer firms
- #326 of 391
- Rank among all SEC RIAs
- #14,782 of 17,210
- Rank in Ohio
- #370 of 403
- Individual clients
- 300
- High-net-worth clients
- 20
- Accounts
- 300
- Discretionary
- 100% of AUM
- Employees
- 43
- Advisory staff
- 25
- Offices
- 6
Owners and executives on its Form ADV
- Thomas Gregory ScheimanPresident, Crop, Srop
- David William ToetzVp
- Dennis Clarence TwarogowskiChief Compliance Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Independence Capital Co., Inc. is a hybrid RIA: 41 of its employees are also registered representatives of a broker-dealer.
Form ADV Part 1 doesn’t name an unaffiliated broker-dealer. The firm’s Part 2A brochure (Item 10) and each adviser’s record on the SEC’s adviser search do.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Individuals | 280 | $75M | 63% |
| High-net-worth individuals | 20 | $44M | 37% |
Disciplinary disclosures
Independence Capital Co., Inc. answers yes to 12 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Hourly charges
Form ADV and brochures on the SEC’s adviser search ↗indcap.com ↗
AtlasMembers
The full record on Independence Capital Co., Inc.
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 from each filing
- Locked
- Growth over one, three and five years
- Locked
- Rank against 114 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 3 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 1Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Independence Capital Co., Inc. manage?
Independence Capital Co., Inc. reports $119 million in regulatory assets under management across 300 accounts, 100% of it on a discretionary basis, on its Form ADV filed September 11, 2026.
What kind of firm is Independence Capital Co., Inc.?
Independence Capital Co., Inc. is a broker-dealer firm by its Form ADV answers. The firm is itself registered as a broker-dealer as well as an investment adviser.
Who are Independence Capital Co., Inc.’s clients?
By assets, its largest client types are individuals ($75 million, 280 clients); high-net-worth individuals ($44 million, 20 clients).
Does Independence Capital Co., Inc. have any disciplinary history?
Independence Capital Co., Inc. answers yes to 12 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Independence Capital Co., Inc.’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 (2026-09-11), 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). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. 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 →