DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Phillips Financial
Legal name Phillips Financial Management, LLC
Latest filing Mar 17, 2026
First filing on the tape Dec 22, 2011 · 43 filings
SEC status approved since Jul 23, 2004
RAUM
$2.6B
reported, Item 5.F
Discretionary
87%
of RAUM
Private clients
64%
$1.7B individuals and HNW
Advisors
15
registered through the firm on IAPD
RAUM per advisor
$176M
derived; firm RAUM over IAPD count
Employees
32
14 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
43 filings and snapshots on the tape
RAUM$2.6B as of Mar 17, 2026
Mar 27, 2012$537M then
HNW client RAUM$1.5B as of Mar 17, 2026
Mar 30, 2018$508M then
State-registered IARs (5.B.3)14 as of Mar 17, 2026
Mar 27, 20120 then
Employees (5.A)32 as of Mar 17, 2026
Mar 22, 201315 then
Private funds: no history
RAUM n/a over the last fiscal year+15% a year over three
Practice profile
derived from the filing of Mar 17, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
- RAUM per advisor
- $176MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 59derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.6MderivedHNW RAUM over HNW clients
- Average account
- $807,749derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 87%derivedof RAUM
- Institutional
- 33%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.1derivedItem 5.A over advisors
- Advisors per office
- 7.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- unknownderivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, hourly, fixed fees, commissionsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisers, publications, educational seminarsreportedItem 5.G
- Wrap fee program
- participatesreportedItem 5.I
- Custody
- $167M, 97 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$1.5B57%
- Pension and profit-sharing plans$553M21%
- Charitable organizations$305M12%
- Individuals$195M7.4%
- Other investment advisers$73.2M2.8%
- Corporations and businesses$5.2M0.2%
- Individual clients
- 472reported
- HNW clients
- 416reported
- Pension plan clients
- 63reported
- Charitable clients
- 10reported
- Accounts
- 3,264reported
- Financial planning clients
- 101-250reported
- Wrap fee programs
- $0 sponsored, $362,025 managedreported
- Custody of client assets
- $167M for 97 clientsreported
- Compensation
- % of AUM, fixed, hourly, commissionsreported
- Class basis
- private_client_share=0.64 fund_share=0.03 institutional_share=0.33 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
15 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Chad Lee BurchCertified Financial Planner, Chartered Financial Consultant | Fort Wayne, In | Aug 6, 2004 | 37 y | 2 |
| Richard Lynn PhillipsCertified Financial Planner | Fort Wayne, In | Aug 10, 2004 | 44 y | 2 |
| Erin Elizabeth Martin | Fort Wayne, In | Jan 26, 2007 | 19 y | 0 |
| Ben Jason LangelCertified Financial Planner | Fort Wayne, In | Jan 13, 2015 | 14 y | 0 |
| Benjamin Adam Batt | Fort Wayne, In | Aug 17, 2017 | 11 y | 0 |
| Jennifer Anne MacaleeseCertified Financial Planner | Fort Wayne, In | Nov 18, 2017 | 20 y | 1 |
| David Michael HamelCertified Financial Planner | Fort Wayne, In | Jan 11, 2020 | 13 y | 0 |
| Andrew William ParkerCertified Financial Planner, Chartered Financial Analyst | Fort Wayne, In | Feb 2, 2022 | 16 y | 2 |
| Riley William ReimschiselCertified Financial Planner | Fort Wayne, In | Feb 2, 2022 | 19 y | 1 |
| Duncan BowieCertified Financial Planner | Fort Wayne, In | Apr 2, 2024 | 10 y | 1 |
| Abhi Hemant Jinwala | Fort Wayne, In | Dec 17, 2024 | 13 y | 1 |
| Hunter Christian Terrell | Fort Wayne, In | Jan 17, 2025 | 11 y | 0 |
| Marisa Beth Meadows | Fort Wayne, In | Apr 4, 2025 | 12 y | 0 |
| Mckenna Elizabeth Clifford | Fort Wayne, In | Jun 27, 2025 | 11 y | 1 |
| Brendan Michael Ryan | Fort Wayne, In | Apr 22, 2026 | 15 y | 0 |
Advisor movement
3 left, 0 joined in 12 months
net -3 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 20% of current headcount3 left over 36 months
Left, latest
- Michelle Lynn Martin to Cambridge Investment Research Advisors, Inc.Mar 11, 2026 · RIA to affiliated broker-dealer or bank
- Shannon H Hardiek to Cambridge Investment Research Advisors, Inc.Mar 2, 2026 · RIA to affiliated broker-dealer or bank
- Bradley A.J. Wadkins to Cambridge Investment Research Advisors, Inc.Mar 2, 2026 · RIA to affiliated broker-dealer or bank
- John H Foxworthy to LPL Financial LLCAug 14, 2015 · Other
- Andrew David Minnich to Commonwealth Financial NetworkJan 18, 2008 · Other
- Thomas Scott Martin to Cetera Advisor Networks LLCJan 11, 2008 · Other
Joined, latest
- Mckenna Elizabeth Clifford from Cx Institutional, LLCJun 27, 2025 · RIA to RIA
- Abhi Hemant Jinwala from Cx Institutional, LLCDec 17, 2024 · RIA to RIA
- Duncan Bowie from Cx Institutional, LLCApr 2, 2024 · RIA to RIA
- Andrew William Parker from Vestia Personal Wealth AdvisorsFeb 2, 2022 · RIA to RIA
- Riley William Reimschisel from Vestia Personal Wealth AdvisorsFeb 2, 2022 · RIA to RIA
- Jennifer Anne Macaleese from Wells Fargo AdvisorsNov 18, 2017 · Other
- John H Foxworthy from Chase Investment Services Corp.Apr 27, 2010 · Other
- Thomas Scott Martin from Securian Financial Services, Inc.May 19, 2005 · Other
- Richard Lynn Phillips from Cambridge Investment Research, Inc.Aug 10, 2004 · Other
- Chad Lee Burch from Cambridge Investment Research, Inc.Aug 6, 2004 · Other
- Shannon H Hardiek from Cambridge Investment Research, Inc.Aug 5, 2004 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 3 left for Cambridge Investment Research Advisors, Inc.Mar 2, 2026 · Fort Wayne, In
- 2 joined from Vestia Personal Wealth AdvisorsFeb 1, 2022 · Fort Wayne, In
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Lynn Krystal Boxell · Chief Compliance Officercontrolsince 05/2025 · owns less than 5%
- Lee Chad Burch · Managing Membercontrolsince 07/2004 · owns 5% to 10%
- W Brant Gerber · Chief Operating Officercontrolsince 09/2023 · owns less than 5%
- Hicks Shannon Hardiek · Managing Membercontrolsince 07/2004 · owns 10% to 25%
- Marie Jeanine Herold · Managing Membercontrolsince 01/2008 · owns 5% to 10%
- Jason Ben Langel · Chief Executive Officercontrolsince 01/2016 · owns 10% to 25%
- Anne Jennifer Macaleese · Managing Membercontrolsince 01/2025 · owns less than 5%
- Elizabeth Erin Martin · Managing Membercontrolsince 12/2020 · owns less than 5%
- Lynn Richard Phillips · Managing Membercontrolsince 07/2004 · owns 25% to 50%
- William Andrew Parker · Membercontrolsince 01/2024 · owns F of Aaklb LLC
- William Riley Reimschisel · Membersince 01/2024 · owns F of Aaklb LLC
Entity owners
- Aaklb LLC · Managing Memberdirect · owns 10% to 25%
Related persons
Schedule D 7.A
- Phillips Benefits Advisors, LLCLP sponsorn
- Phillips Financial Services, Inc.real estaten
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Fort Wayne, In · principal | 15 | 1 | 3 | 1 |
Offices
Schedule D 1.F, the 25 largest
- Carmel, IN1 employees
ADV anomalies
5 against comparable advisers; where to look, not conclusions
- control person changedChange between filings · filing Mar 17, 2026MACALEESE, JENNIFER, ANNE (MANAGING MEMBER) appeared on Schedule A between the filings of 2024-03-28 and 2026-03-17peers: independent wealth managers, $1B to $5B (1,360)
- control person changedChange between filings · filing Mar 17, 2026BOXELL, KRYSTAL, LYNN (CHIEF COMPLIANCE OFFICER) appeared on Schedule A between the filings of 2024-03-28 and 2026-03-17peers: independent wealth managers, $1B to $5B (1,360)
- control person changedChange between filings · filing Mar 17, 2026HEROLD, JEANINE, MARIE (MANAGING MEMBER) left Schedule A between the filings of 2024-03-28 and 2026-03-17peers: independent wealth managers, $1B to $5B (1,360)
- control person changedChange between filings · filing Mar 17, 2026HARDIEK, SHANNON, HICKS (MANAGING MEMBER) left Schedule A between the filings of 2024-03-28 and 2026-03-17peers: independent wealth managers, $1B to $5B (1,360)
- control person changedChange between filings · filing Mar 17, 2026PARKER, ANDREW, WILLIAM (MEMBER) left Schedule A between the filings of 2024-03-28 and 2026-03-17peers: independent wealth managers, $1B to $5B (1,360)
What changed
consecutive filings, newest first
- Accounts · 3,084 to 3,264May 1, 2025 to Mar 17, 2026
- Advisory employees · 16 to 14May 1, 2025 to Mar 17, 2026
- Charity clients · 11 to 10May 1, 2025 to Mar 17, 2026
- Corporate clients · 7 to 5May 1, 2025 to Mar 17, 2026
- HNW clients · 374 to 416May 1, 2025 to Mar 17, 2026
- Individual clients · 490 to 472May 1, 2025 to Mar 17, 2026
- Assets in custody · $89.4M to $167MMay 1, 2025 to Mar 17, 2026
- Employees · 31 to 32May 1, 2025 to Mar 17, 2026
- State-registered IARs · 16 to 14May 1, 2025 to Mar 17, 2026
- Discretionary RAUM · $1.9B to $2.3BMay 1, 2025 to Mar 17, 2026
- HNW RAUM · $1.2B to $1.5BMay 1, 2025 to Mar 17, 2026
- Individual RAUM · $186M to $195MMay 1, 2025 to Mar 17, 2026
- Non-discretionary RAUM · $324M to $344MMay 1, 2025 to Mar 17, 2026
- Pension RAUM · $487M to $553MMay 1, 2025 to Mar 17, 2026
- RAUM · $2.2B to $2.6BMay 1, 2025 to Mar 17, 2026
- Wrap assets (manager) · $430,107 to $362,025May 1, 2025 to Mar 17, 2026
- Accounts · 2,853 to 3,084Mar 28, 2024 to May 1, 2025
- Corporate clients · 4 to 7Mar 28, 2024 to May 1, 2025
- HNW clients · 342 to 374Mar 28, 2024 to May 1, 2025
- Individual clients · 480 to 490Mar 28, 2024 to May 1, 2025
- Pension plan clients · 66 to 63Mar 28, 2024 to May 1, 2025
- Assets in custody · $91.9M to $89.4MMar 28, 2024 to May 1, 2025
- Employees · 32 to 31Mar 28, 2024 to May 1, 2025
- Financial planning clients · 101-250 to 101-250Mar 28, 2024 to May 1, 2025
- State-registered IARs · 15 to 16Mar 28, 2024 to May 1, 2025
- Discretionary RAUM · $1.7B to $1.9BMar 28, 2024 to May 1, 2025
- HNW RAUM · $1.1B to $1.2BMar 28, 2024 to May 1, 2025
- Individual RAUM · $180M to $186MMar 28, 2024 to May 1, 2025
- Non-discretionary RAUM · $335M to $324MMar 28, 2024 to May 1, 2025
- Pension RAUM · $500M to $487MMar 28, 2024 to May 1, 2025
- RAUM · $2.1B to $2.2BMar 28, 2024 to May 1, 2025
- Wrap assets (manager) · $324,341 to $430,107Mar 28, 2024 to May 1, 2025
- Accounts · 2,648 to 2,853Sep 18, 2023 to Mar 28, 2024
- Advisory employees · 15 to 16Sep 18, 2023 to Mar 28, 2024
- Corporate clients · 5 to 4Sep 18, 2023 to Mar 28, 2024
- HNW clients · 302 to 342Sep 18, 2023 to Mar 28, 2024
- Individual clients · 486 to 480Sep 18, 2023 to Mar 28, 2024
- Pension plan clients · 64 to 66Sep 18, 2023 to Mar 28, 2024
- Assets in custody · $1.3B to $91.9MSep 18, 2023 to Mar 28, 2024
- Employees · 31 to 32Sep 18, 2023 to Mar 28, 2024
Signals
12 dated events
- Michelle Lynn Martin left Phillips Financial for Cambridge Investment Research Advisors, Inc. (registered 2026-02-27)Mar 11, 2026 · Advisor changed firm · fact
- Bradley A.J. Wadkins left Phillips Financial for Cambridge Investment Research Advisors, Inc. (registered 2026-02-27)Mar 2, 2026 · Advisor changed firm · fact
- Shannon H Hardiek left Phillips Financial for Cambridge Investment Research Advisors, Inc. (registered 2026-02-27)Mar 2, 2026 · Advisor changed firm · fact
- 3 advisors left Phillips Financial (Fort Wayne, IN) for Cambridge Investment Research Advisors, Inc. within 9 daysMar 2, 2026 · Team lift-out · derived
- William Andrew Parker (Member) appeared on Schedule A of Phillips FinancialMar 28, 2024 · Control person joined · fact
- Marie Abigail Bienz (Chief Compliance Officer) no longer on Schedule A of Phillips Financial (listed 2023-03-31, absent 2023-09-18)Sep 18, 2023 · Control person left · inference
- Marie Abigail Bienz (Chief Compliance Officer) appeared on Schedule A of Phillips FinancialOct 3, 2022 · Control person joined · fact
- Phillips Financial reported RAUM $1.5B, up 39% from $1.1B (2022-01-19 to 2022-03-31)Mar 31, 2022 · RAUM change · derived
- 2 advisors left Vestia Personal Wealth Advisors (Fort Wayne, IN) for Phillips Financial on the same dayFeb 1, 2022 · Team lift-out · derived
- Paul Reed Miller (Managing Member) no longer on Schedule A of Phillips Financial (listed 2020-06-30, absent 2021-03-16)Mar 16, 2021 · Control person left · inference
- Elizabeth Erin Martin (Managing Member) appeared on Schedule A of Phillips FinancialMar 16, 2021 · Control person joined · fact
- Jason Ben Langel (Managing Member) appeared on Schedule A of Phillips FinancialMar 20, 2019 · Control person joined · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business phone
- 260-420-5553reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 260-420-7732reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- linkedin.com/company/phillips-financial---employee-benefitsreportedpublic record, Form ADV, Sep 17, 2026
- Firm profile
- linkedin.com/company/phillips-financial-management-llcreportedpublic record, Form ADV, Sep 17, 2026
- Website
- myphillips.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 260-420-7732reportedpublic record, Form ADV, Mar 17, 2026
- Contact form
- myphillips.com/contact-usreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- myphillips.com/our-teamreportedpublished by the firm, firm site, Sep 15, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $176Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026