Deerfield Financial Advisors, Inc. (Indianapolis)

Name: Deerfield Financial Advisors, Inc.
Address: 8440 Woodfield Crossing, Indianapolis, IN, 46240
Telephone: 317-469-2455

Deerfield Financial Advisors, Inc. is a large advisory firm based in Indianapolis. It manages $629.05 million of regulatory assets for 1,020 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Florida, Illinois, Indiana, and Texas.

Deerfield Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Deerfield Financial Advisors: assets under management

The assets under management (AUM) of Deerfield Financial Advisors, Inc. is $629.05 million. The firm's AUM has grown by 66% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $555 million in discretionary accounts and $74.04 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $573.94 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.4 million.

Deerfield Financial Advisors has custody of $231.86 million in cash and securities for 146 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in state and local bonds the most. They account for 53% of the total AUM. The second-largest asset type is exchange traded securities, which make up 23% of the firm’s portfolio. Investments in government bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Deerfield Financial Advisors, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Deerfield Financial Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Deerfield Financial Advisors is high net worth individuals with 164 clients and $530.6 million of assets under management. Among the 10 most similar advisory firms, Deerfield Financial Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $629.05 million for 321 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Deerfield Financial Advisors doesn't advise any private funds.

Careers at Deerfield Financial Advisors, Inc.

The company employs 16 people that are either part- or full-time employees. 31 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Lance Bellmer	Ceo, managing partner, investment committee chairperson, and marketing director	1 Jul 1985	25% - 50%	828635
Susan Marie Steel	Director, president and chief compliance officer	1 Oct 1993	50% - 75%	4346489
Bradley Raymond Cougill	Director, vice president and chief investment officer	1 Jan 2000	50% - 75%	2240747
Benjamin Joseph Hockema	Director and vice president	1 Jan 2017	Other	6119597
Marsha Ann Kalasmiki	Chief compliance officer	1 Feb 2019	Other	7079736

Based in Indianapolis

The principal office where Deerfield Financial Advisors, Inc. performs its advisory services is located at 8440 Woodfield Crossing, Indianapolis, IN 46240, which is also the mailing address of the firm. An additional office of the firm is in Park Ridge, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 317-469-2455 or by fax 317-469-2460. The normal business hours are 8:00 a.m.-5:00 p.m. on Monday - Friday. You can find more information about the New York firm at deerfieldfa.com.