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
Indie Asset Partners, LLC
Latest filing Mar 19, 2026
First filing on the tape Dec 22, 2011 · 43 filings
SEC status approved since Aug 16, 2010
RAUM
$685M
reported, Item 5.F
Discretionary
92%
of RAUM
Private clients
81%
$554M individuals and HNW
Advisors
4
registered through the firm on IAPD
RAUM per advisor
$171M
derived; firm RAUM over IAPD count
Employees
9
3 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
3
reported on Schedule D
History
43 filings and snapshots on the tape
RAUM$685M as of Mar 19, 2026
Mar 30, 2012$91.4M then
HNW client RAUM$501M as of Mar 19, 2026
Feb 1, 2018$184M then
State-registered IARs (5.B.3)3 as of Mar 19, 2026
Mar 30, 20120 then
Employees (5.A)9 as of Mar 19, 2026
Feb 26, 20134 then
Private funds3 as of Mar 19, 2026
Mar 30, 20121 then
RAUM -5.2% over the last fiscal year-2.1% a year over threeIARs 4 to 3
Practice profile
derived from the filing of Mar 19, 2026; every figure names its basis
Archetypes, each a printed rule
- 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
- RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
- RAUM per advisor
- $171MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 76derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.4MderivedHNW RAUM over HNW clients
- Average account
- $896,875derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 92%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.3derivedItem 5.A over advisors
- Advisors per office
- 4.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- -5.2%derivedbetween the last two annual amendments
- Advisor growth, one year
- -25%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -13%derived
- Compensation
- percentage of assets, fixed fees, performance-basedreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, pension consulting, selection of other advisers, otherreportedItem 5.G
- Custody
- $124M, 13 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)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$501M73%
- Pooled investment vehicles$117M17%
- Individuals$53.0M7.7%
- Corporations and businesses$14.0M2.0%
- Charitable organizations$301,6740.0%
- Individual clients
- 155reported
- HNW clients
- 147reported
- Pension plan clients
- n/areported
- Charitable clients
- 1reported
- Accounts
- 764reported
- Financial planning clients
- 26-50reported
- Wrap fee programs
- noreported
- Custody of client assets
- $124M for 13 clientsreported
- Compensation
- % of AUM, fixed, performancereported
- Class basis
- private_client_share=0.81 fund_share=0.17 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
4 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Grady J. Gaynor | Carmel, In | Sep 16, 2010 | 26 y | 2 |
| Donna J Dickinson | Indianapolis, In | Apr 2, 2014 | 16 y | 0 |
| Kevin Michael Alerding | Carmel, In | Jun 25, 2018 | 24 y | 0 |
| Charles William CastinoCertified Financial Planner | Carmel, In | Apr 24, 2024 | 11 y | 1 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount1 left over 36 months
Left, latest
- Robert Dalzell to Fnex Wealth, LLCMar 7, 2025 · RIA to a newly registered adviser
- Brent Michael Foster to Northbound WealthOct 27, 2020 · RIA to a state-registered adviser
- Joshua Scott Haire to LPL Financial LLCDec 22, 2011 · Other
Joined, latest
- Charles William Castino from Northwestern Mutual Investment Services,LLCApr 24, 2024 · Other
- Robert Dalzell from Wells Fargo AdvisorsJan 4, 2019 · Wirehouse to independent RIA
- Brent Michael Foster from J.P. Morgan Securities LLCApr 7, 2017 · Other
- Grady J. Gaynor from LPL Financial LLCSep 16, 2010 · Other
- Joshua Scott Haire from LPL Financial LLCSep 16, 2010 · Other
Private funds
5 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Indie Diversified Asset Fund, L.P. | Hedge Fund | $66.4M | 46 | Mar 30, 2012 |
| Indie Diversified Absolute Return Fund, LLC | Hedge Fund | $31.6M | 58 | Dec 18, 2018 |
| Indie Diversified Income Fund | Hedge Fund | $24.2M | 32 | Dec 18, 2018 |
| Indie Diversified Income Fund II, LLC | Hedge Fund | $20.5M | 35 | Mar 31, 2023 |
| New Ventures As Solutions, LLC | Private Equity Fund | $10.5M | 75 | Dec 18, 2018 |
Owners and control persons
Schedule A and B, latest filing
- Michael Kevin Alerding · Membercontrolsince 02/2018 · owns 50% to 75%
- J Donna Dickinson · Chief Compliance Officercontrolsince 04/2014 · owns less than 5%
- J. Grady Gaynor · Member/Ceocontrolsince 04/2010 · owns 50% to 75%
Related persons
Schedule D 7.A
- Indie Diversified Partners, LLCbankpooled vehicle sponsorn
- New Ventures As Manager, LLCinvestment adviserpooled vehicle sponsory
- Vantage Analytics, LLCinvestment adviserpooled vehicle sponsory
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Carmel, In · principal | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Accounts · 948 to 764May 28, 2025 to Mar 19, 2026
- Advisory employees · 4 to 3May 28, 2025 to Mar 19, 2026
- Charity clients · unset to 1.0May 28, 2025 to Mar 19, 2026
- HNW clients · 158 to 147May 28, 2025 to Mar 19, 2026
- Individual clients · 190 to 155May 28, 2025 to Mar 19, 2026
- Pooled vehicle clients · 8 to 6May 28, 2025 to Mar 19, 2026
- Assets in custody · $117M to $124MMay 28, 2025 to Mar 19, 2026
- State-registered IARs · 4 to 3May 28, 2025 to Mar 19, 2026
- Private funds · 5 to 3May 28, 2025 to Mar 19, 2026
- Discretionary RAUM · $669M to $632MMay 28, 2025 to Mar 19, 2026
- HNW RAUM · $541M to $501MMay 28, 2025 to Mar 19, 2026
- Individual RAUM · $63.4M to $53.0MMay 28, 2025 to Mar 19, 2026
- Non-discretionary RAUM · $53.8M to $52.9MMay 28, 2025 to Mar 19, 2026
- Pooled vehicle RAUM · $112M to $117MMay 28, 2025 to Mar 19, 2026
- RAUM · $723M to $685MMay 28, 2025 to Mar 19, 2026
- Financial planning clients · 26-50 to 26-50Mar 26, 2025 to May 28, 2025
- Accounts · 821 to 948Oct 8, 2024 to Mar 26, 2025
- Advisory employees · 3 to 4Oct 8, 2024 to Mar 26, 2025
- Corporate clients · 3 to 4Oct 8, 2024 to Mar 26, 2025
- HNW clients · 141 to 158Oct 8, 2024 to Mar 26, 2025
- Individual clients · 204 to 190Oct 8, 2024 to Mar 26, 2025
- Assets in custody · $206M to $117MOct 8, 2024 to Mar 26, 2025
- Financial planning clients · 11-25 to 26-50Oct 8, 2024 to Mar 26, 2025
- State-registered IARs · 3 to 4Oct 8, 2024 to Mar 26, 2025
- Discretionary RAUM · $734M to $669MOct 8, 2024 to Mar 26, 2025
- HNW RAUM · $530M to $541MOct 8, 2024 to Mar 26, 2025
- Individual RAUM · $54.2M to $63.4MOct 8, 2024 to Mar 26, 2025
- Non-discretionary RAUM · $57.9M to $53.8MOct 8, 2024 to Mar 26, 2025
- Pooled vehicle RAUM · $202M to $112MOct 8, 2024 to Mar 26, 2025
- RAUM · $792M to $723MOct 8, 2024 to Mar 26, 2025
- Related bank · true to falseOct 8, 2024 to Mar 26, 2025
- Accounts · 776 to 821Jun 5, 2023 to Mar 29, 2024
- Advisory employees · 4 to 3Jun 5, 2023 to Mar 29, 2024
- Corporate clients · 4 to 3Jun 5, 2023 to Mar 29, 2024
- HNW clients · 133 to 141Jun 5, 2023 to Mar 29, 2024
- Individual clients · 193 to 204Jun 5, 2023 to Mar 29, 2024
- Assets in custody · $233M to $206MJun 5, 2023 to Mar 29, 2024
- Employees · 14 to 9Jun 5, 2023 to Mar 29, 2024
- Financial planning clients · 1-10 to 11-25Jun 5, 2023 to Mar 29, 2024
- State-registered IARs · 4 to 3Jun 5, 2023 to Mar 29, 2024
Signals
4 dated events
- Robert Dalzell left Indie Asset Partners, Llc for Fnex Wealth, Llc (registered 2025-03-20)Mar 7, 2025 · Advisor changed firm · fact
- Allen Jay Brammer (Member) no longer on Schedule A of Indie Asset Partners, Llc (listed 2023-06-05, absent 2024-03-29)Mar 29, 2024 · Control person left · inference
- Indie Asset Partners, Llc reported RAUM $616.5M, up 68% from $367.4M (2019-11-13 to 2020-03-31)Mar 31, 2020 · RAUM change · derived
- Indie Asset Partners, Llc reported RAUM $321.8M, up 99% from $161.8M (2017-09-20 to 2018-02-01)Feb 1, 2018 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
- Indie Asset Partners, LLC · Family Officesshared crd · office
- Indie Asset Partners, LLC · Independent Sponsorsshared crd · capital_provider
- Indie Asset Partners, LLC · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Business phone
- 317-428-6605reportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 317-428-6600reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- LINKEDIN.COM/COMPANY/1316624reportedpublic record, Form ADV, Sep 17, 2026
- Website
- INDIEASSET.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 317-428-6600reportedpublic record, Form ADV, Mar 19, 2026
- Contact form
- indieasset.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
- Team page
- indieasset.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
- $171Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026