Expertise.com

2024

Last updated:

Best Financial Advisors in Carmel

Our Recommended Top 19

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls

Our goal is to connect people with the best local professionals. We scored Carmel Financial Advisors on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

39Reviewed

31Curated

19Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

9340 Priority Way West Drive, Indianapolis, IN 46240

Expertise.com Rating

Review Sources

Facebook
5.0 (6)
Google
5.0 (2)

Why choose this provider?

Cooke Financial Group has been providing investment advice to clients in Carmel since 1969. The family-run firm offers comprehensive financial planning and wealth management solutions for private clients, considering their entire net worth and aligning with their investment strategies. Its advisors also work with business owners to provide liability strategies and financial guidance through major transitions and decisions, from succession plans to initial public offerings. Its team offer a blend of investment and wealth management consulting for individuals and their families, as well as for nonprofit organizations, corporations, retirement plans, and trusts.

  • Wealth Management
  • Family Office Resources
  • Retirement Planning
  • Investment Management
  • Finance Planning
SmartAdvisor by SmartAsset logo

SmartAdvisor by SmartAssetExpertise.com

Carmel, IN
Free Consultation

Expertise.com Rating

Why choose this provider?

SmartAsset's free, five-minute tool makes it easy to find qualified financial advisors in your area. The exclusive tool uses a quick survey to help SmartAsset's exclusive algorithm match you with up to three advisors based on your specific financial needs. Each advisor is a fiduciary, legally bound to work in your best interest, and rigorously vetted by SmartAsset. You can speak with each for free, sometimes within a matter of minutes, and choose whom you want to work with. Hundreds of thousands of smart investors and retirees have already used SmartAsset's simple, no-cost service to find the right financial advisors for them.

  • Estate Planning
  • Retirement Planning
  • Financial Planning
  • Investment Management

11939 N Meridian St Suite 225, Carmel, IN 46032

Expertise.com Rating

Why choose this provider?

Four Quadrants is a financial planning firm that works with dental and specialist practice-owning professionals in fulfilling their long-term financial goals. Serving Carmel and the nearby metros, the firm has more than 20 years of experience providing clients with comprehensive and personalized wealth management solutions. Its professionals offer financial planning, expense and cash flow management, investment management, tax planning, practice transition, and business consulting. The team at Four Quadrants is composed of Certified Financial Planners, accountants, and analysts.

  • Tax Planning
  • Certified Financial Planner (CFP)
  • Financial Planning

11595 N. Meridian Street, Suite 870, Carmel, IN 46032

Expertise.com Rating

Review Sources

Google
5.0 (1)

Why choose this provider?

National Financial Group is a Carmel-based firm assisting individuals, families, and businesses. It provides guidance in establishing estate planning strategies, business plans, and capital accumulation strategies. Its team considers the client's financial situation involving investments, life insurance, and pension benefits in developing financial securities for people who will be affected in the event of their passing. The firm's principal associate, Patrick L. Fitzgerald, is a member of the National Association of Insurance and Financial Advisors and a recipient of the GAMA National Management Award.

  • Estate Planning
  • Retirement Planning

11595 North Meridian Street Suite #300, Carmel, IN 46032

Expertise.com Rating

Why choose this provider?

Comprehensive Retirement Solutions is a family-owned business that serves individuals and families in Carmel and neighboring areas. For over a decade, its team of financial advisors has been assisting clients in every aspect of financial planning, investment management, and tax strategies. Owner Michael Fields is a Certified Financial Planner and an Enrolled Agent. Michael and his team have more than 45 years of collective experience and have served on boards and as volunteers for local and national organizations.

  • Certified Financial Planner (CFP)

800 East 96 St Ste 400, Indianapolis, IN 46240

Expertise.com Rating

Why choose this provider?

Since 2000, Elizabeth Eckert has been providing financial services to clients throughout Carmel. She works with the American multinational company Morgan Stanley to offer financial planning solutions and advise clients on insurance and retirement. Eckert also formulates strategies to help her clients facing charitable giving issues. She has experience counseling the members of the LGBT community on investment management. The professional was named one of the Top Wealth Advisor Moms in 2020 by the Working Mother magazine. She volunteers for the philanthropic group Women for Riley.

  • Certified Financial Planner (CFP)

8900 Keystone Crossing Ste. 450, Indianapolis, IN 46240

Expertise.com Rating

Review Sources

Google
5.0 (2)

Why choose this provider?

Elser Financial Planning, Inc., is a wealth management firm that serves the residents of Carmel and the surrounding areas. It provides a wide range of services, including financial planning, investment management, tax strategies, and insurance and risk analysis. It also offers estate planning and charitable gift planning solutions. Elser Financial Planning has been in operation for more than a decade. Its team holds certifications such as Certified Financial Planner, Certified Private Wealth Advisor, and Financial Paraplanner Qualified Professional.

  • Certified Financial Planner (CFP)

8940 River Crossing Boulevard Suite 120, Indianapolis, IN 46240

Expertise.com Rating

Review Sources

Google
5.0 (22)

Why choose this provider?

Bedel Financial is a wealth management firm serving clients in Carmel. Established by Elaine E. Bedel in 1989, the fiduciary firm works closely with clients to develop financial plans that include recommendations, projections, and action items for implementation. It provides ongoing support after the plans have been established to ensure that clients stay on track toward their objectives. The team at Bedel Financial comprises Certified Financial Planner practitioners and Chartered Financial Analyst charter holders.

  • Chartered Financial Analyst (CFA)

500 East 96th Street, Suite 450, Indianapolis, IN 46240

Expertise.com Rating

Review Sources

Google
4.3 (6)

Why choose this provider?

Windsor Wealth Management is a financial firm serving individuals and institutions in the Carmel area. It offers comprehensive financial solutions based on the lifestyle of each client. It helps individuals create plans for their retirement and estates. Additionally, the firm provides different options for personal, liability, and life insurance. Windsor Wealth Management has been in the industry for over 30 years. It was co-founded by Randall Clark, the managing principal of the firm. He is involved in a local rotary club.

  • Certified Financial Planner (CFP)
  • Retirement Planning
  • Financial Planning

600 E. 96Th Street, Suite 120, Indianapolis, IN 46240

Expertise.com Rating

Review Sources

Google
5.0 (2)

Why choose this provider?

Wise Financial is a company serving the Carmel area. Its financial advisors take a holistic approach to assisting customers in developing a realistic and adaptable financial plan, with a mix of insurance products and investment methods. They help clients plan for retirement, education, and life insurance based on their financial situation. Estate planning, employee benefits, and business planning are among the company's other offerings. Mark E. Wise, the company's CEO, has been named one of the top financial advisors by Forbes and the Financial Times.

  • Estate Planning
  • Certified Financial Planner (CFP)
  • Retirement Planning

11595 North Meridian Street Suite 140, Carmel, IN 46033

Expertise.com Rating

Review Sources

Google
4.5 (2)

Why choose this provider?

Provident Capital Management is a Carmel-based company that serves clients throughout the metro. The company educates individuals on various aspects of personal finance, including retirement and taxes. It provides portfolio management services and uses multi-directional strategies to obtain full-market-cycle returns for clients. The company has experience managing various types of assets, such as bonds and commodities. Michael Chapman, the company's CEO, is a member of the Financial Planning Association. He served as the Director of Wealth Management at the firm NatCity Investments.

  • Certified Financial Planner (CFP)

3625 E 96th St, Indianapolis, IN 46240

Expertise.com Rating

Review Sources

Facebook
5.0 (24)
Google
5.0 (5)

Why choose this provider?

Invst is an independent registered investment advisory firm that serves clients in Carmel. It counsels, guides, and educates clients in reaching their financial goals through wealth management, investment planning, and retirement planning. Its staff is composed of CPAs, insurance agents, attorneys, and bankers who focus on financial positioning by analyzing clients' risk exposure. Founders Scott Jarred and Meet Branden established the firm in 2003. The firm was featured in Fortune, Bloomberg Businessweek, Money, and The Wall Street Journal for its financial insights.

  • Retirement Planning

9333 N Meridian St. Ste 300, Indianapolis, IN 46260

Expertise.com Rating

Review Sources

Google
5.0 (1)

Why choose this provider?

Serving the Carmel metro and its nearby areas, NorthWest Financial Services aims to help clients achieve their financial goals through comprehensive and personalized strategies. Financial advisors of the firm create custom-made financial roadmaps that include investment management, setting up brokerage accounts, retirement planning, insurance analysis, and education funding. The company has been in business for 30 years and is staffed by financial practitioners holding the Certified Financial Planner, Chartered Financial Analyst, and Enrolled Agent designations.

  • Financial Planning
  • Wealth Management

13080 Grand Blvd, Ste 130, Carmel, IN 46032

Expertise.com Rating

Review Sources

Google
5.0 (53)

Why choose this provider?

Halter Ferguson Financial offers several services to assist clients in Carmel in accomplishing their financial objectives. Its representatives guide individuals in inventorying their finances, developing road maps for their goals, and reviewing or updating plans to reflect their recent life changes. In addition, they look into the specific situations of people to assist them with asset and wealth management. Company president Bradford Ferguson, a Chartered Financial Analyst, is in charge of its professional investment management. He has been in the field for more than 16 years.

  • Retirement Planning

571 Monon Boulevard Suite 150, Carmel, IN 46032

Expertise.com Rating

Review Sources

Google
5.0 (1)

Why choose this provider?

Financial Partners Group is a Carmel-based firm that was established in 2002. It develops financial planning strategies and recommendations to help individuals and families in shaping their financial futures. The planning process addresses financial concerns like business planning, investments, retirement planning, risk management, and estate planning. The firm's president, Timothy L. Johnston, is a registered investment advisor representative who has over 40 years of industry experience. He supports organizations like the Trinity Clinic Merciful Help Food Pantry.

  • Certified Financial Planner (CFP)

600 E Carmel Drive Suite 269, Carmel, IN 46032

Expertise.com Rating

Review Sources

Google
5.0 (2)

Why choose this provider?

Established in 2014, Integrity Wealth Advisors is a firm serving Carmel. It assists clients in developing plans to help them achieve their financial goals, including meeting their children’s education expenses, preparing for a safe retirement, or accommodating life changes such as starting a family. It offers services for diverse clients, including education, estate, financial goal, investment, retirement, and tax planning. Other services include debt and insurance analysis, as well as social security optimization. The company has contributed to various media outlets, including Investopedia and CNBC.

  • Retirement Planning
  • Financial Planning

3815 River Crossing Pkwy, Indianapolis, IN 46240

Expertise.com Rating

Review Sources

Google
5.0 (1)

Why choose this provider?

Panoramic Financial Planning is a local firm that delivers financial solutions for individuals and families based in the Carmel area. It helps plan financial goals that fit clients' situations and needs. Its financial planning services are tax planning, education funding, cash flow planning, portfolio and social security analysis, and risk management. The company also provides professional investment advice. President and founder Kelli Ellison holds both the IRS Enrolled Agent and Certified Financial Planner designations.

  • Certified Financial Planner (CFP)
  • Chartered Financial Analyst (CFA)

900 East 96th Street, Suite 300, Carmel, IN 46240

Expertise.com Rating

Review Sources

Google
4.6 (16)
Yelp
5.0 (1)

Why choose this provider?

Established in 1948, Westpoint Financial Group serves individuals, families, and businesses in Carmel. It offers financial advising services to help clients achieve their financial goals and protect themselves by planning for uncertainties. It interviews the clients to understand their financial objectives and analyzes their investment and insurance portfolios to identify any gaps. It provides recommendations and conducts periodic reviews to monitor previously set strategies and the clients' ability to continue pursuing their goals. This company currently serves more than 200,000 clients across the Midwest.

  • Estate Planning

3105 East 98th Street, Suite 170, Indianapolis, IN 46280

Expertise.com Rating

Review Sources

Google
5.0 (5)

Why choose this provider?

Market Street is a financial advising services firm serving Carmel. Its planners provide a range of programs that are personalized to respond to their clients’ needs, including business retirement plans, investment and wealth management, and its Foundations program that is targeted at young professionals. It advises clients on how to best utilize their wealth and achieve their financial goals, such as preparing for retirement. It educates them on their options, including recommending investment strategies. It also offers advice on reducing debts and building an emergency fund.

  • Certified Financial Planner (CFP)
  • Retirement Planning
  • Wealth Management

FAQs

  • Introduction

    There are many titles for financial professionals, so it's challenging to track what each one means. A financial advisor is probably the term you've heard most often. Financial advisor is a broad term for a professional who helps individuals or companies manage their finances, including investment choices. There are over 100 certifications that financial advisors can obtain.

    • Financial planners, wealth managers, and investment advisors are all financial advisors with different focus areas.
    • A financial planner helps an individual or a company make a plan to achieve long-term financial goals.
    • A wealth manager helps individuals maintain their wealth through various disciplines and services, such as taxes, estate planning, and investment advice.
    • An investment advisor offers investment advice and recommendations to individuals or organizations.
    There’s a misconception that you have to be extremely wealthy to use a financial advisor. In reality, they can be beneficial for people from any income level. Keep reading to find answers to the most commonly asked questions about financial advisors, so you know which type can fit your specific needs.

  • What does Required Minimum Distributions (RMDs) mean in Carmel?

    Required Minimum Distributions (RMDs) in Carmel refer to the obligatory annual withdrawals that individuals with Traditional IRAs must make once they reach the age of 72, as mandated by the federal government. Although participants have the ability to take more money from their IRAs than the statutory minimum, doing so will result in a penalty tax being charged to the excess. RMDs are calculated to gradually deplete the entire IRA balance over a specific timeframe.

  • What benefits can you receive from engaging in the estate planning process in Carmel?

    Engaging in the estate planning process in Carmel provides numerous benefits, such as:

    • Ensuring that your selected individuals will responsibly handle the well-being of your beneficiaries.
    • Maximizing tax efficiency when distributing assets.
    • Establishing a comprehensive strategy for allocating assets in line with your objectives.
    • Developing a strategic framework for charitable donations, including implementation and oversight methods.
    • Aligning legal documents with intentions to facilitate smooth estate organization and settlement.
    • Maintaining a regularly reviewed and flexible plan.
  • What advantages does a traditional IRA offer in Carmel?

    A traditional IRA in Carmel offers multiple benefits. Individuals can contribute up to $6,000 (or $7,000 if they are 50 years of age or older) towards retirement savings. The IRA provides tax-deferred growth, postponing taxes on earnings until withdrawal. Depending on factors like tax-filing status and income, contributions to a traditional IRA may be tax-deductible. Moreover, individuals can start taking distributions from their traditional IRA at age 59½, granting them flexibility in accessing their retirement funds as required.

  • What are the typical drawbacks or risks associated with annuities in Carmel?

    Annuities in Carmel carry certain risks, including:

    • Limited growth potential: Annuities provide protection in market downturns but restrict potential gains during market growth.
    • Inflexibility: After purchasing an annuity, accessing funds prematurely can be challenging, potentially leading to expensive surrender fees.
    • Layers of fees: Some annuities have complicated fee structures that include costs for the administration, base contract, optional guaranteed lifetime withdrawal benefits, and mutual fund investing. The cumulative effect of these fees can result in a considerable reduction in overall returns.
  • Can self-employed individuals in Carmel still qualify for a Health Savings Account (HSA)?

    Yes. Self-employed people in Carmel have the opportunity to have an HSA (Health Savings Account). HSAs are typically a good fit for self-employed people due to the following factors. Firstly, HSAs enable employers to effectively manage costs, as high-deductible insurance plans often come with steep premium expenses. Secondly, an HSA provides protection for employers against substantial medical bills. Lastly, HSAs fulfill a dual role as they not only provide coverage for medical expenses but also function as a retirement savings tool.

  • Are financial advisors worth it?

    Whether or not a financial advisor is worth it depends on your personal situation. If your finances are fairly straightforward, then you may be better off handling it on your own. But if you have substantial assets or a complex investment portfolio, then hiring someone to handle it for you can be well worth the cost.