Wealth manager, independent · Carmel, IN
Valeo Financial Advisors, LLC
SEC-registered investment adviser · CRD 127132 · SEC 801-66402
At a glance
Valeo Financial Advisors, LLC is an SEC-registered investment adviser based in Carmel, Indiana, with $13B in regulatory assets under management as of its Form ADV filed April 30, 2026. It reports 3,021 individual clients, 2,257 of them high-net-worth, holding an average of about $4.2 million each, and 178 employees. That ranks it 74th among the nation’s 5,657 independent wealth management RIAs and 3rd of 88 in Indiana. It reports Fidelity as the custodian for its clients’ separately managed accounts.
Main office 317-218-6000valeofinancial.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $13B
- Rank among independent wealth managers
- #74 of 5,657
- Rank among all SEC RIAs
- #1,154 of 17,210
- Rank in Indiana
- #3 of 88
- Individual clients
- 3,021
- High-net-worth clients
- 2,257
- Accounts
- 22,812
- Discretionary
- 82% of AUM
- Employees
- 178
- Advisory staff
- 119
- Offices
- 17
Owners and executives on its Form ADV
- Phillip R. EvansMember
- John C. TrottMember
- John T. WortmanChief Executive Officer, Member
- Justin M PadgettPresident, Member
- Connor M. SkellyChief Compliance Officer
Custody and brokerage
Broker-dealer
No broker-dealer ties
Valeo Financial Advisors, 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 | 2,257 | $12B | 95% |
| Individuals | 764 | $358M | 3% |
| Charitable organizations | 16 | $282M | 2% |
| Corporations or other businesses | 5 | $37M | <1% |
Disciplinary disclosures
Valeo Financial Advisors, 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 pooled investment vehicles
- Portfolio management for businesses and institutions
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Fixed fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗valeofinancial.com ↗
AtlasMembers
The full record on Valeo Financial Advisors, 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, ten years of filings
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- Growth over one, three and five years
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- Rank against 328 peers of its type and size
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- Owners and executives, with titles and stakes
- 5 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 |
|---|---|---|
| Oxford Financial Group, LTDCarmel | $23B | 589 |
| Sapient Capital LLCIndianapolis | $14B | 980 |
| SYM Financial AdvisorsWinona Lake | $5.8B | 1,801 |
| CX Institutional, LLCAuburn | $4.5B | 4,553 |
| Creative Financial Designs, Inc.Kokomo | $2.9B | 10,477 |
| Bedel Financial Consulting IncIndianapolis | $2.9B | 1,162 |
Compare Valeo Financial Advisors, LLC with
- Valeo Financial Advisors, LLC vs Sapient Capital LLC $14B · Indianapolis, IN
- Valeo Financial Advisors, LLC vs The Mather Group, LLC $13B · Chicago, IL
- Valeo Financial Advisors, LLC vs Alphacore Capital LLC $13B · La Jolla, CA
- Valeo Financial Advisors, LLC vs Loring, Wolcott & Coolidge Fiduciary Advisors, LLP $13B · Boston, MA
- Valeo Financial Advisors, LLC vs The Caprock Group, LLC $12B · Boise, ID
Background
Questions
How much does Valeo Financial Advisors, LLC manage?
Valeo Financial Advisors, LLC reports $13B in regulatory assets under management across 22,812 accounts, 82% of it on a discretionary basis, on its Form ADV filed April 30, 2026.
How many clients does Valeo Financial Advisors, LLC have?
It reports 3,021 individual clients: 2,257 high-net-worth individuals and 764 other individuals. Individuals account for about 98% of its regulatory assets.
Where is Valeo Financial Advisors, LLC headquartered?
Its main office is in Carmel, Indiana. It reports 17 offices in total and 178 employees, 119 of whom perform investment advisory functions.
How does Valeo Financial Advisors, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; fixed fees; other. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Valeo Financial Advisors, LLC use?
It reports Fidelity as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed April 30, 2026, it reports these amounts held: Fidelity ($8.6B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Valeo Financial Advisors, LLC a hybrid RIA with a broker-dealer?
Valeo Financial Advisors, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Valeo Financial Advisors, LLC a fiduciary?
As an SEC-registered investment adviser, Valeo Financial Advisors, 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 Valeo Financial Advisors, 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 (2026-04-30), 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 →