Phillips Financial Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, publishing newsletters, and educational seminars. Financial planning was provided to 101–250 clients last fiscal year.
Phillips Financial Management reports 991 clients. They include 472 individual clients, 416 high-net-worth individuals, and 63 pension and profit-sharing plans. Of its assets, 87.0% ($2.29B across 3,209 accounts) are managed with discretion; $344M across 55 accounts are not. A wrap fee program the firm both sponsors and manages holds $362K. It advised 85 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 48% | 7% |
| High-net-worth individuals | 42% | 57% |
| Pension and profit-sharing plans | 6% | 21% |
| Charitable organizations | 1% | 12% |
| Other investment advisers | 3% | 3% |
| Other client typesCorporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 472 | $195M | 7.4% | $414K |
| High-net-worth individuals | 416 | $1.51B | 57.1% | $3.62M |
| Pension and profit-sharing plans | 63 | $553M | 21.0% | $8.77M |
| Charitable organizations | 10 | $305M | 11.6% | $30.5M |
| Other investment advisers | 25 | $73.2M | 2.8% | $2.93M |
| Corporations and other businesses | 5 | $5.18M | 0.2% | $1.04M |
| Total | 991 | $2.64B | 100% | $2.66M |
- Clients
- 472
- Regulatory AUM
- $195M
- AUM share
- 7.4%
- Avg. per client
- $414K
- Clients
- 416
- Regulatory AUM
- $1.51B
- AUM share
- 57.1%
- Avg. per client
- $3.62M
- Clients
- 63
- Regulatory AUM
- $553M
- AUM share
- 21.0%
- Avg. per client
- $8.77M
- Clients
- 10
- Regulatory AUM
- $305M
- AUM share
- 11.6%
- Avg. per client
- $30.5M
- Clients
- 25
- Regulatory AUM
- $73.2M
- AUM share
- 2.8%
- Avg. per client
- $2.93M
- Clients
- 5
- Regulatory AUM
- $5.18M
- AUM share
- 0.2%
- Avg. per client
- $1.04M
Total
- Clients
- 991
- Regulatory AUM
- $2.64B
- AUM share
- 100%
- Avg. per client
- $2.66M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 85
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
Phillips Financial Management charges 0.40%–1.25% a year for its Investment Management. The fee is billed in advance, is negotiable and has a $2,000 annual minimum. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Automated investment strategy
- Automated investment strategy services are charged as a percentage of assets under management, with a maximum annual fee of 1.00%, negotiable.
- Financial planning and consulting
- Financial planning and consulting are negotiable: fixed fees generally from $1,500 to $30,000, or hourly rates of $100 to $300.
Richard Phillips owns 25% to 50% of Phillips Financial Management. Ben Langel is CEO; the leadership team includes Chief Operating Officer Brant Gerber and Chief Compliance Officer Krystal Boxell. It has 32 employees, 14 of them in advisory roles.
Leadership
- Ben LangelChief Executive Officer
- Brant GerberChief Operating Officer
- Krystal BoxellChief Compliance Officer
- Jennifer MacaleeseManaging Member
- Erin MartinManaging Member
- Richard PhillipsManaging Member
- Chad BurchManaging Member
Investment adviser representatives
15 representatives listed in the SEC register as of 9 October 2026.
- Benjamin Adam Batt
- Duncan Bowie
- Chad Lee Burch
- McKenna Elizabeth Clifford
- David Michael Hamel
- Abhi Hemant Jinwala
- Ben Jason Langel
- Jennifer Anne Macaleese
- Erin Elizabeth Martin
- Marisa Beth Meadows
- Andrew William Parker
- Richard Lynn Phillips JR
- Riley William Reimschisel
- Brendan Michael Ryan
- Hunter Christian Terrell
Staff
- 32 employees
- 14 in advisory functions
- 14 state-registered reps
- 11 insurance agents
- Owns 25% to 50% of Phillips Financial Management, LLC
Richard Phillips
Control person · since July 2004
- Owns 10% to 25% of Phillips Financial Management, LLC
Ben Langel
Control person · since January 2016
- Owns 10% to 25% of Phillips Financial Management, LLC
Aaklb LLC
since January 2024
Riley Reimschisel
Member · since January 2024
Andrew Parker
Member · Control person · since January 2024
- Owns 5% to 10% of Phillips Financial Management, LLC
Chad Burch
Control person · since July 2004
Phillips Financial Management’s regulatory assets grew 2.4× from $1.11B (July 2021) to $2.64B (March 2026); clients rose from 721 to 991 and employees from 27 to 32.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $2.64B | 991 | 32 | 2 |
| May 2025 | $2.21B | 970 | 31 | 2 |
| March 2024 | $2.06B | 930 | 32 | 2 |
| March 2023 | $1.75B | 895 | 31 | 1 |
| April 2022 | $1.54B | 787 | 30 | 1 |
| July 2021 | $1.11B | 721 | 27 | 1 |
Besides its headquarters, Phillips Financial Management has 1 office, with 2 listed addresses in Indiana.
Indiana · 2 listed addresses
- 6920 Pointe Inverness Way, Suite 230, Fort WayneHQ
- 303 Congressional BLVD, Carmel
Contact and registration details
- Legal name
- Phillips Financial Management, LLC
- Headquarters
- 6920 Pointe Inverness Way, Suite 230, Fort Wayne, IN 46804
- Website
- myphillips.com
- Phone
- 260-420-7732
- SEC file
- 801-63343
- Structure
- Indiana LLC
- Fiscal year end
- December
Phillips Financial Management uses Fidelity ($1.81B) as custodian for its separately managed accounts. Phillips Financial Management has custody of $167M in client assets for 97 clients.
- FidelityNational Financial Services LLC · Bluffton, MA · $1.81B100%
At year end, Phillips Financial Management’s separately managed accounts were mostly in funds (92%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.36B across 291 positions; the largest are iShares TR (11.1%), Dimensional ETF Trust (8.0%) and Dimensional ETF Trust (6.7%).
What the accounts hold
- Stocks4%
- Funds92%
- Bonds1%
- Cash3%
Reported 13F holdings
- $1.36B
- Reported 13F value
- 291
- Positions
- 51.5%
- In the 10 largest
- −1.1%
- Value vs. prior quarter
- iShares TR · Core S&P500 ETF11.1%
- Dimensional ETF Trust · Core Fixe IN ETF8.0%
- Dimensional ETF Trust · Intl Core Equity6.7%
- Dimensional ETF Trust · Shor Dur Fix ETF6.1%
- Dimensional ETF Trust · US Larg Valu ETF4.0%
- Dimensional ETF Trust · US Targeted Vlu3.7%
- Dimensional ETF Trust · US High Prof ETF3.6%
- Dimensional ETF Trust · Emerging Mkts CO3.1%
- Vanguard Star Fds · VG TL Intl Stk F2.6%
- Vanguard Index Fds · S&P 500 ETF Shs2.6%
Together, the ten largest are 51.5% of reported value.
How many clients does Phillips Financial Management have?
Phillips Financial Management has 991 clients and manages $2.64 billion for them, as of March 2026. They include 472 individual clients, 416 high-net-worth individuals, and 63 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 17 March 2026
What services does Phillips Financial Management offer?
Phillips Financial Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, publishing newsletters, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Phillips Financial Management charge?
Phillips Financial Management charges 0.40%–1.25% a year for its Investment Management. The fee is billed in advance, is negotiable and has a $2,000 annual minimum.
Which custodians does Phillips Financial Management use?
Phillips Financial Management’s separately managed account assets are held at National Financial Services LLC (Bluffton, MA), with $1.81B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 17 March 2026
How many financial advisors does Phillips Financial Management have?
Phillips Financial Management has 14 investment adviser representatives registered with state securities authorities, out of 32 employees, and 14 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 11 employees are 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 Phillips Financial Management invest in?
At the end of its last fiscal year, Phillips Financial Management’s separately managed accounts held 92% registered funds (mutual funds, ETFs, BDCs), 4% exchange-traded equities, 3% cash and equivalents and 1% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Phillips Financial Management?
Phillips Financial Management’s direct owners are Richard Phillips, Chad Burch, Ben Langel and Aaklb LLC, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 17 March 2026
How does Phillips Financial Management get paid?
Phillips Financial Management is paid through a percentage of assets under management, hourly charges, fixed fees and commissions. Its Form ADV lists no 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
How do I contact Phillips Financial Management?
Phillips Financial Management’s main office is at 6920 Pointe Inverness Way, Suite 230, Fort Wayne, IN 46804. Its phone number is 260-420-7732. Its website is myphillips.com.