Intrepid Financial Planning Group provides portfolio management for individuals and small businesses.
Intrepid Financial Planning Group reports 1,457 clients. They include 1,232 individual clients, 212 high-net-worth individuals, and 11 corporations and other businesses. Of its assets, 100.0% ($390M across 1,457 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 85% | 33% |
| High-net-worth individuals | 15% | 66% |
| Banking or thrift institutions | 0% | 0% |
| Pension and profit-sharing plans | 0% | 0% |
| Charitable organizations | <1% | <1% |
| Other client typesState or municipal government entities; Other investment advisers; Insurance companies; Sovereign wealth funds and foreign official institutions; Corporations and other businesses; Other | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,232 | $129M | 33.1% | $105K |
| High-net-worth individuals | 212 | $257M | 65.9% | $1.21M |
| Banking or thrift institutions | Fewer than 5 | $0 | 0.0% | — |
| Pension and profit-sharing plans | Fewer than 5 | $0 | 0.0% | — |
| Charitable organizations | Fewer than 5 | $237K | 0.1% | $118K |
| State or municipal government entities | Fewer than 5 | $0 | 0.0% | — |
| Other investment advisers | Fewer than 5 | $0 | 0.0% | — |
| Insurance companies | Fewer than 5 | $0 | 0.0% | — |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 | 0.0% | — |
| Corporations and other businesses | 11 | $3.73M | 1.0% | $339K |
| Other | Fewer than 5 | $0 | 0.0% | — |
| Total | 1,457 | $390M | 100% | — |
- Clients
- 1,232
- Regulatory AUM
- $129M
- AUM share
- 33.1%
- Avg. per client
- $105K
- Clients
- 212
- Regulatory AUM
- $257M
- AUM share
- 65.9%
- Avg. per client
- $1.21M
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $237K
- AUM share
- 0.1%
- Avg. per client
- $118K
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- 11
- Regulatory AUM
- $3.73M
- AUM share
- 1.0%
- Avg. per client
- $339K
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
Total
- Clients
- 1,457
- Regulatory AUM
- $390M
- 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
- 0
Intrepid Financial Planning Group is paid through a percentage of assets under management. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure.
Joan Locke owns 50% to 75% of Intrepid Financial Planning Group. The leadership team of Intrepid Financial Planning Group includes Chief Compliance Officer Chad Bailey. It has 3 employees.
Leadership
- Chad BaileyChief Compliance Officer
- Joan LockePrincipal Owner
Investment adviser representatives
11 representatives listed in the SEC register as of 9 October 2026.
- Thomas Edward Adamczyk
- Chad Alan Bailey
- Douglas Francis Bales
- Ronald Eugene Campbell
- John Allan Crawford
- David Henry Cropper
- Julie Lynne Faas MRS.
- Greg Alan Haney
- Jo Ann Hendryx
- Chase David Mitchell
- Nikki Gaye Wheeler
Staff
- 3 employees
- 3 in advisory functions
- 3 state-registered reps
- 8 soliciting firms
- Owns 50% to 75% of Intrepid Financial Planning Group, LLC
Joan Locke
Control person · since April 2019
- Owns 10% to 25% of Intrepid Financial Planning Group, LLC
Whitinger Financial, LLC
since January 2000
- Owns 5% to 10% of Intrepid Financial Planning Group, LLC
BCB, LLC
since July 1998
- Owns 50% to 75% of BCB, LLC
Donald Behrmann
Control person · since July 1998
- Owns 5% to 10% of Intrepid Financial Planning Group, LLC
Haney Financial, Inc.
since January 1999
- Owns 50% to 75% of Haney Financial, Inc.
Greg Haney
Control person · since February 2003
Intrepid Financial Planning Group’s regulatory assets grew from $315M (April 2021) to $390M (May 2026); clients rose from 1,281 to 1,457 and employees were 3 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| May 2026 | $390M | 1,457 | 3 | 7 |
| May 2025 | $355M | 1,407 | 3 | 8 |
| March 2024 | $316M | 1,379 | 2 | 8 |
| March 2023 | $273M | 1,353 | 2 | 8 |
| March 2022 | $349M | 1,324 | 3 | 8 |
| April 2021 | $315M | 1,281 | 3 | 10 |
Besides its headquarters, Intrepid Financial Planning Group has 6 offices, with 7 listed addresses in Indiana.
Indiana · 7 listed addresses
- 2454 E. 116th Street, CarmelHQ
- 11350 Broadway, Crown Point
- 961 Keystone Way, Carmel
- 8232 E. Hi Acres DR., Madison
- 9937 Allisonville Road, Fishers
- 7427 N. Ridgeway Lane, Mooresville
- 1100 W. White River BLVD., Muncie
Contact and registration details
- Legal name
- Intrepid Financial Planning Group, LLC
- Headquarters
- 2454 E. 116th Street, Carmel, IN 46032
- Website
- intrepidfinancial.com
- Phone
- 317-818-1776
- @intrepid-financial-llc
- SEC file
- 801-61020
- Structure
- Indiana LLC
- Fiscal year end
- December
Intrepid Financial Planning Group uses Charles Schwab ($390M) as custodian for its separately managed accounts. Intrepid Financial Planning Group does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · El Paso, TX · $390M100%
At year end, Intrepid Financial Planning Group’s separately managed accounts were mostly in stocks (70%) and funds (27%). Its reported 13F holdings for the quarter ended 30 June 2026 total $294M across 135 positions; the largest are iShares TR (10.6%), State Str SPDR S&P 500 ETF T (7.1%) and iShares TR (5.7%).
What the accounts hold
- Stocks70%
- Funds27%
- Bonds2%
- U.S. government and agency bonds1%
- Investment grade corporate bonds1%
- Cash1%
Reported 13F holdings
- $294M
- Reported 13F value
- 135
- Positions
- 47.6%
- In the 10 largest
- +18.7%
- Value vs. prior quarter
- iShares TR · Core S&P500 ETF10.6%
- State Str SPDR S&P 500 ETF T · TR Unit7.1%
- iShares TR · Rus 1000 Grw ETF5.7%
- AB Active ETFS Inc. · Disruptors ETF5.5%
- Calamos ETF TR · Autoc Incom ETF3.7%
- Apple Inc.3.5%
- Eli Lilly & CO3.3%
- AB Active ETFS Inc. · US Low Volatil3.1%
- J P Morgan Exchange Traded F · Equity Premium2.6%
- Marvell Technology Inc.2.5%
Together, the ten largest are 47.6% of reported value.
How many clients does Intrepid Financial Planning Group have?
Intrepid Financial Planning Group has 1,457 clients and manages $390 million for them, as of May 2026. They include 1,232 individual clients, 212 high-net-worth individuals, and 11 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 6 May 2026
What services does Intrepid Financial Planning Group offer?
Intrepid Financial Planning Group provides portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Intrepid Financial Planning Group use?
Intrepid Financial Planning Group’s separately managed account assets are held at Charles Schwab & Co., Inc. (El Paso, TX), with $390M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 6 May 2026
How many financial advisors does Intrepid Financial Planning Group have?
Intrepid Financial Planning Group has 3 investment adviser representatives registered with state securities authorities, out of 3 employees, and 3 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 Intrepid Financial Planning Group invest in?
At the end of its last fiscal year, Intrepid Financial Planning Group’s separately managed accounts held 70% exchange-traded equities, 27% pooled vehicles (private funds and similar), 1% U.S. government and agency bonds, 1% investment grade corporate bonds and 1% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Intrepid Financial Planning Group?
Intrepid Financial Planning Group is owned through holding companies by Donald Behrmann and Greg Haney. Its direct owners are Whitinger Financial, LLC (10% to 25%), BCB, LLC (5% to 10%), Haney Financial, Inc. (5% to 10%) and Joan Locke (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 6 May 2026
How does Intrepid Financial Planning Group get paid?
Intrepid Financial Planning Group is paid through a percentage of assets under management. 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 Intrepid Financial Planning Group registered with the SEC?
Yes, Intrepid Financial Planning Group has been registered with the SEC as an investment adviser since 9 April 2002. Its CRD number is 112196 and its SEC file number is 801-61020.
Source: Form ADV Part 1A, Item 1, filed 6 May 2026; IAPD firm record
How do I contact Intrepid Financial Planning Group?
Intrepid Financial Planning Group’s main office is at 2454 E. 116th Street, Carmel, IN 46032. Its phone number is 317-818-1776. Its website is intrepidfinancial.com.