Indie Asset Partners, LLC (Indianapolis)


Indie Asset Partners, LLC is a large advisory firm based in Indianapolis. It manages $367.43 million of regulatory assets for 681 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, Colorado, Florida, and 6 other states.

Indie Asset Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and family office services. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Indie Asset Partners: assets under management

The assets under management (AUM) of Indie Asset Partners, LLC is $367.43 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 569% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $367.43 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $539.55 thousand each.
Indie Asset Partners has custody of $102.74 million in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 39% of the total AUM. The second-largest asset type is exchange traded securities, which make up 16% of the firm’s portfolio. Investments in pooled investment vehicles form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Indie Asset Partners, LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Indie Asset Partners serves?

The firm provides services to individuals, other investment advisers, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Indie Asset Partners is high net worth individuals with 78 clients and $177.91 million of assets under management. Among the 9 most similar advisory firms, Indie Asset Partners has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $367.43 million for 243 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.

Indie Asset Partners also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Indie Asset Partners, LLC

The company employs 12 people that are either part- or full-time employees. 33 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
Joseph Carmen Lamagna Member/executive vice president 1 Apr 2010 Other 2275636
Jay Allen Brammer Member 1 Apr 2010 25% - 50% 5826481
Joshua Scott Haire Chief compliance officer 1 Apr 2010 Other 5496313
Grady J. Gaynor Managing member/ceo 1 Apr 2010 50% - 75% 4098375
Grady J. Gaynor Managing member/ceo 1 Dec 2011 50% - 75% 4098375
Donna J Dickinson Chief compliance officer 1 Apr 2014 Other 5250291
Alerding Michael Kevin Member 1 Feb 2018 25% - 50% 6908516

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
Grady J. Gaynor Member 1 Mar 2011 25% - 50% 4098375
Joseph Carmen Lamagna Member 1 Mar 2011 25% - 50% 2275636
Jay Allen Brammer Member 1 Mar 2011 25% - 50% 5826481

Based in Indianapolis

The principal office where Indie Asset Partners, LLC performs its advisory services is located at 10585 North 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 317-428-6600 or by fax 317-428-6605. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at indieasset.com.