Wealth manager, independent · Fort Wayne, IN
Phillips Financial
Phillips Financial Management, LLC · SEC-registered investment adviser · CRD 131344 · SEC 801-63343
At a glance
Phillips Financial is an SEC-registered investment adviser based in Fort Wayne, Indiana, with $2.6B in regulatory assets under management as of its Form ADV filed March 17, 2026. It reports 888 individual clients, 416 of them high-net-worth, holding an average of about $1.9 million each, and 32 employees. That ranks it 428th among the nation’s 5,657 independent wealth management RIAs and 8th of 88 in Indiana. It reports Fidelity as the custodian for its clients’ separately managed accounts.
Main office 260-420-7732myphillips.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $2.6B
- Rank among independent wealth managers
- #428 of 5,657
- Rank among all SEC RIAs
- #3,077 of 17,210
- Rank in Indiana
- #8 of 88
- Individual clients
- 888
- High-net-worth clients
- 416
- Accounts
- 3,264
- Discretionary
- 87% of AUM
- Employees
- 32
- Advisory staff
- 14
- Offices
- 2
Owners and executives on its Form ADV
- Richard L. PhillipsManaging Member
- Chad L. BurchManaging Member
- Ben J. LangelChief Executive Officer
- Brant W GerberChief Operating Officer
- Erin E. MartinManaging Member
- Jennifer A. MacaleeseManaging Member
- Krystal L. BoxellChief Compliance Officer
Custody and brokerage
Broker-dealer
No broker-dealer ties
Phillips Financial 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 | 416 | $1.5B | 57% |
| Pension and profit sharing plans | 63 | $553M | 21% |
| Charitable organizations | 10 | $305M | 12% |
| Individuals | 472 | $195M | 7% |
| Other investment advisers | 25 | $73M | 3% |
| Corporations or other businesses | 5 | $5M | <1% |
Disciplinary disclosures
Phillips Financial 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
- Selecting other advisers
- Periodicals or newsletters
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
- Commissions
Form ADV and brochures on the SEC’s adviser search ↗myphillips.com ↗
AtlasMembers
The full record on Phillips Financial
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 1,535 peers of its type and size
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- Owners and executives, with titles and stakes
- 7 namedLocked
- Main office, fax and compliance officer
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- 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.
Similar-size RIAs in Indiana
All of Indiana →| Firm | Regulatory AUM | Clients |
|---|---|---|
| CX Institutional, LLCAuburn | $4.5B | 4,553 |
| Creative Financial Designs, Inc.Kokomo | $2.9B | 10,477 |
| Bedel Financial Consulting IncIndianapolis | $2.9B | 1,162 |
| Elser Financial Planning, Inc.Indianapolis | $2.1B | 578 |
| Invst, LLCIndianapolis | $1.6B | 2,193 |
| LJI Wealth Management, LLCIndianapolis | $1.4B | 1,490 |
Background
Questions
How much does Phillips Financial manage?
Phillips Financial reports $2.6B in regulatory assets under management across 3,264 accounts, 87% of it on a discretionary basis, on its Form ADV filed March 17, 2026.
How many clients does Phillips Financial have?
It reports 888 individual clients: 416 high-net-worth individuals and 472 other individuals. Individuals account for about 64% of its regulatory assets.
Where is Phillips Financial headquartered?
Its main office is in Fort Wayne, Indiana. It reports 2 offices in total and 32 employees, 14 of whom perform investment advisory functions.
How does Phillips Financial charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees; commissions. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Phillips Financial use?
It reports Fidelity as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed March 17, 2026, it reports these amounts held: Fidelity ($1.8B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Phillips Financial a hybrid RIA with a broker-dealer?
Phillips Financial reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Phillips Financial a fiduciary?
As an SEC-registered investment adviser, Phillips Financial 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 Phillips Financial’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 (2026-03-17), 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 →