Fi3 Financial Advisors, LLC (Indianapolis)

Name: Fi3 Financial Advisors, LLC
Address: 10401 N. Meridian Street, Indianapolis, IN, 46290
Telephone: 317-426-8800

Fi3 Financial Advisors, LLC is a large advisory firm based in Indianapolis. It manages $229.09 million of regulatory assets for 526 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of Indiana.

Fi3 Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Fi3 Financial Advisors: assets under management

The assets under management (AUM) of Fi3 Financial Advisors, LLC is $229.09 million. The firm's AUM has grown by 54% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $207.78 million in discretionary accounts and $21.31 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $463.79 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $273.23 thousand.

Fi3 Financial Advisors has custody of $97.39 million in cash and securities for 44 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 58% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 13% of the firm’s portfolio. Investments in state and local bonds form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fi3 Financial Advisors, LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Fi3 Financial Advisors serves?

The firm provides services to high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Fi3 Financial Advisors is high net worth individuals with 92 clients and $227.01 million of assets under management. Among the 11 most similar advisory firms, Fi3 Financial Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $229.09 million for 92 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.

Fi3 Financial Advisors doesn't advise any private funds.

Careers at Fi3 Financial Advisors, LLC

The company employs 7 people that are either part- or full-time employees. 71 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 doesn’t compensate 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
Ivan Douglas Hoffman	Managing partner/chief compliance officer	1 Jul 2013	75% - 100%	4596655
Matthew Joseph Simpson	Business partner	1 Oct 2017	Other	4660424
Samuel David Muse	Business partner	1 Oct 2017	Other	6506557

Based in Indianapolis

The principal office where Fi3 Financial Advisors, LLC performs its advisory services is located at 10401 N. Meridian Street, Indianapolis, IN 46290, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 317-426-8800. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at fi3advisors.com.