Bedel Financial Consulting provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, education planning, estate planning, insurance, philanthropic planning, and tax planning. Financial planning was provided to 1,000 clients last fiscal year.
Bedel Financial Consulting reports 1,162 clients. They include 741 high-net-worth individuals and 421 individual clients. Of its assets, 99.9% ($2.92B across 5,413 accounts) are managed with discretion; $1.58M across 22 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 36% | 5% |
| High-net-worth individuals | 64% | 93% |
| Charitable organizations | Fewer than 5 | <1% |
| Corporations and other businesses | Fewer than 5 | 2% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 421 | $133M | 4.6% | $316K |
| High-net-worth individuals | 741 | $2.73B | 93.5% | $3.68M |
| Charitable organizations | Fewer than 5 | $5.56M | 0.2% | — |
| Corporations and other businesses | Fewer than 5 | $51.9M | 1.8% | — |
| Total | 1,162 | $2.92B | 100% | — |
- Clients
- 421
- Regulatory AUM
- $133M
- AUM share
- 4.6%
- Avg. per client
- $316K
- Clients
- 741
- Regulatory AUM
- $2.73B
- AUM share
- 93.5%
- Avg. per client
- $3.68M
- Clients
- Fewer than 5
- Regulatory AUM
- $5.56M
- AUM share
- 0.2%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $51.9M
- AUM share
- 1.8%
- Avg. per client
- —
Total
- Clients
- 1,162
- Regulatory AUM
- $2.92B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1000
Bedel Financial Consulting charges 0.25%–1.00% a year for its Managing Investment Advisory Accounts. Each asset band is charged at its own rate. The fee is billed in advance and has a $5,000 annual minimum. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$1M | 1.00% |
| $1M–$3M | 0.75% |
| $3M–$5M | 0.55% |
| $5M–$10M | 0.35% |
| $10M and above | 0.25% |
Fee details and sources
Other fees
- Financial Planning
- A one-time project fee for a financial plan typically ranges from $1,000 to $2,500 and is negotiable. Ongoing planning is an annual retainer billed quarterly.
Elaine Kops-Bedel owns 75% or more of Bedel Financial Consulting. The leadership team of Bedel Financial Consulting includes President Evan Bedel, Chief Investment Officer William Wendling and Chief Operating Officer Cassi Vanderpool. It has 28 employees, 19 of them in advisory roles.
Leadership
- Evan BedelPresident
- Ryan CollierVice President
- Cassi VanderpoolChief Operating Officer
- Lonny ElfenbeinChief Compliance Officer
- William WendlingChief Investment Officer
- Elaine Kops-BedelCEO
Investment adviser representatives
19 representatives listed in the SEC register as of 9 October 2026.
- Evan Dennis Bedel
- Cara Louise-McCarthy Buchanan
- Meredith Leathers Carbrey
- Ryan Allen Collier
- David Neal Crossman
- Anthony Stewart Harcourt
- Kathryn Jane Hower
- Nicholas Kelly
- Collin Knecht
- Jonathan Michael Koop
- Elaine Ethel Kops-Bedel
- Sarah Elizabeth Mahaffa
- Olivia Simon Maynes
- Abigayle Maye Presley
- Nicholas James Rosebraugh
- Mathew Joseph Ryan
- Austin Berkeley Stagman
- Catherine Ryan Sullivan
- William J Wendling
Staff
- 28 employees
- 19 in advisory functions
- 19 state-registered reps
- Owns 75% or more of Bedel Financial Consulting Inc
Elaine Kops-Bedel
Control person · since July 1993
- Owns 25% to 50% of Bedel Financial Consulting Inc
Evan Bedel
since September 2022
Bedel Financial Consulting’s regulatory assets grew 1.8× from $1.58B (March 2021) to $2.92B (August 2026); clients rose from 923 to 1,162 and employees from 14 to 28.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $2.92B | 1,162 | 28 | 1 |
| June 2025 | $2.47B | 1,101 | 26 | 1 |
| March 2024 | $2.14B | 1,086 | 25 | 1 |
| June 2023 | $1.81B | 1,052 | 14 | 1 |
| July 2022 | $1.89B | 995 | 14 | 1 |
| March 2021 | $1.58B | 923 | 14 | 1 |
Besides its headquarters, Bedel Financial Consulting has 0 offices, with 1 listed address in Indiana.
Indiana · 1 listed address
- 8940 River Crossing BLVD., Suite 120, IndianapolisHQ
Contact and registration details
- Legal name
- Bedel Financial Consulting Inc
- Headquarters
- 8940 River Crossing BLVD., Suite 120, Indianapolis, IN 46240
- Website
- bedelfinancial.com
- Phone
- 317-843-1358
- @bedel-financial-consulting-inc
- SEC file
- 801-34764
- Founded
- 1989
- Structure
- Indiana corporation
- Fiscal year end
- December
Bedel Financial Consulting uses Charles Schwab ($2.21B, 81%) and Fidelity ($511M, 19%) as custodians for its separately managed accounts. Bedel Financial Consulting has custody of $1.53B in client assets for 788 clients.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $511M19%
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $2.21B81%
At year end, Bedel Financial Consulting’s separately managed accounts were mostly in funds (60%) and stocks (19%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.06B across 309 positions; the largest are Eli Lilly & CO (37.0%), Dimensional ETF Trust (6.1%) and Vanguard Mun BD Fds (3.3%).
What the accounts hold
- Stocks19%
- Funds60%
- Registered funds59%
- Pooled vehicles1%
- Cash7%
- Other14%
- Alternative investments/market linked cds. also includes the following which were less than 1% - us state and local bonds, us government/agency bonds, investment grade corporate bonds, non-exchange traded equity & derivatives14%
Reported 13F holdings
- $1.06B
- Reported 13F value
- 309
- Positions
- 59.9%
- In the 10 largest
- +19.9%
- Value vs. prior quarter
- Eli Lilly & CO37.0%
- Dimensional ETF Trust · Intl Core EQT MK6.1%
- Vanguard Mun BD Fds · Tax Exempt BD3.3%
- Dimensional ETF Trust · Emgr Cre EQT Mng3.0%
- Apple Inc.2.3%
- Eli Lilly & COPut2.1%
- American Centy ETF TR · Intl Smcp Vlu1.7%
- iShares TR · Mrgstr MD CP Grw1.5%
- iShares TR · Eafe Grwth ETF1.5%
- State Str SPDR S&P 500 ETF T · TR Unit1.4%
Together, the ten largest are 59.9% of reported value.
How many clients does Bedel Financial Consulting have?
Bedel Financial Consulting has 1,162 clients and manages $2.92 billion for them, as of August 2026. They include 741 high-net-worth individuals and 421 individual clients.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 5 August 2026
What services does Bedel Financial Consulting offer?
Bedel Financial Consulting provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, education planning, estate planning, insurance, philanthropic planning, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Bedel Financial Consulting charge?
Bedel Financial Consulting charges 0.25%–1.00% a year for its Managing Investment Advisory Accounts. Each asset band is charged at its own rate. The fee is billed in advance and has a $5,000 annual minimum.
Which custodians does Bedel Financial Consulting use?
Bedel Financial Consulting’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $2.21B and Fidelity Brokerage Services LLC (Smithfield, RI), with $511M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 5 August 2026
How many financial advisors does Bedel Financial Consulting have?
Bedel Financial Consulting has 19 investment adviser representatives registered with state securities authorities, out of 28 employees, and 19 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Bedel Financial Consulting invest in?
At the end of its last fiscal year, Bedel Financial Consulting’s separately managed accounts held 59% registered funds (mutual funds, ETFs, BDCs), 19% exchange-traded equities, 14% other, 7% cash and equivalents and 1% pooled vehicles (private funds and similar). The 14% other category is described as: Alternative Investments/Market Linked CDS. Also Includes the Following Which Were Less Than 1% - US State and Local Bonds, US Government/Agency Bonds, Investment Grade Corporate Bonds, Non-Exchange Traded Equity & Derivatives.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Bedel Financial Consulting?
Bedel Financial Consulting’s direct owners are Elaine Kops-Bedel (75% or more) and Evan Bedel (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 5 August 2026
How does Bedel Financial Consulting get paid?
Bedel Financial Consulting is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Bedel Financial Consulting registered with the SEC?
Yes, Bedel Financial Consulting has been registered with the SEC as an investment adviser since 6 July 1989. Its CRD number is 105653 and its SEC file number is 801-34764.
Source: Form ADV Part 1A, Item 1, filed 5 August 2026; IAPD firm record
How do I contact Bedel Financial Consulting?
Bedel Financial Consulting’s main office is at 8940 River Crossing BLVD., Suite 120, Indianapolis, IN 46240. Its phone number is 317-843-1358. Its website is bedelfinancial.com.