Sheaff Brock Investment Advisors, LLC (Indianapolis)

Name: Sheaff Brock Investment Advisors, LLC
Address: 8801 River Crossing Blvd, Indianapolis, IN, 46240
Telephone: 317-705-5700

Sheaff Brock Investment Advisors, LLC is a large advisory firm based in Indianapolis. It manages $845.96 million of regulatory assets for 1,030 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Sheaff Brock Investment Advisors provides financial planning services and portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Sheaff Brock Investment Advisors: assets under management

The assets under management (AUM) of Sheaff Brock Investment Advisors, LLC is $845.96 million. The firm's AUM has grown by 1028% since the beginning of its operation, and $33.86 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $845.26 million in discretionary accounts and $702.79 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $831.13 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $54.06 thousand.

Sheaff Brock Investment Advisors has custody of $124.45 million in cash and securities for 149 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 80% of the total AUM. The second-largest asset type is investment and business development companies, which make up 9% of the firm’s portfolio. Investments in derivatives form 7% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Sheaff Brock Investment Advisors, LLC for their services and products based on a percentage of assets under management. 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 Sheaff Brock Investment Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Sheaff Brock Investment Advisors is high net worth individuals with 215 clients and $508.23 million of assets under management. Among the 9 most similar advisory firms, Sheaff Brock Investment Advisors has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $845.81 million for 1,029 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.

Sheaff Brock Investment Advisors doesn't advise any private funds.

Careers at Sheaff Brock Investment Advisors, LLC

The company employs 28 people that are either part- or full-time employees. 61 percent of the employees work as investment advisers or researchers. 21 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
David Sheaff Gilreath	Member/ chief compliance officer	1 Oct 2001	50% - 75%	730793
Ronald Robert Brock	Member/chief financial officer	1 Oct 2001	50% - 75%	1349947
Llc Sheaff Brock Capital Management	Holding co	1 Apr 2012	75% - 100%	45-4059000
Audrey L. Kurzawa	Chief compliance officer	1 Sep 2016	Other	4347202
Audrey Lynn Kurzawa	Chief compliance officer	1 Sep 2016	Other	4347202

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
David Sheaff Gilreath	Owner/member	1 Apr 2012	50% - 75%	730793
Ronald Robert Brock	Owner/member	1 Apr 2012	50% - 75%	1349947

Based in Indianapolis

The principal office where Sheaff Brock Investment Advisors, LLC performs its advisory services is located at 8801 River Crossing Blvd, Indianapolis, IN 46240, 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 317-705-5700 or by fax 317-705-5110. The normal business hours are 8:30am - 5pm on Monday - Friday. You can find more information about the New York firm at sheaffbrock.com.