Axia Advisory Corp (Indianapolis)

Name: Axia Advisory Corp
Address: 20 E. 91 St St, Indianapolis, IN, 46240
Telephone: 317-630-2800

Axia Advisory Corp is a large advisory firm based in Indianapolis. It manages $1.14 billion of regulatory assets for 144 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Indiana and Ohio.

Axia Advisory Corp provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Axia Advisory Corp: assets under management

The assets under management (AUM) of Axia Advisory Corp is $1.14 billion. The firm's AUM has grown by 730% since the beginning of its operation, and $569.19 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $448.06 million in discretionary accounts and $690.54 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.9 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $23.81 million.

Investments

The firm invests in investment and business development companies the most. They account for 58% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 19% of the firm’s portfolio. Investments in cash and cash equivalents form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Axia Advisory Corp for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Keith Lawrence Shadrick serves?

The firm provides services to individuals, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Keith Lawrence Shadrick is pension and profit sharing plans with 43 clients and $813.57 million of assets under management. Among the 10 most similar advisory firms, Axia Advisory Corp has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $1.14 billion for 145 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Axia Advisory Corp doesn't advise any private funds.

Careers at Axia Advisory Corp

The company employs 6 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Keith Lawrence Shadrick has been acting as President since 1 Jun 1992. Matthew Fleck joined the executive team most recently as the Vp Consulting.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Keith Lawrence Shadrick	President	1 Jun 1992	75% - 100%	1488626
Laura Perry	Chief compliance officer	1 Sep 2004	Other	2239302
Laura Maxwell Perry	Chief compliance officer	1 Sep 2004	Other	2239302
Matthew Fleck	Vp consulting	1 Dec 2015	Other	4900870

Based in Indianapolis

The principal office where Axia Advisory Corp performs its advisory services is located at 20 E. 91 St St, Indianapolis, IN 46240, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 317-630-2800. The normal business hours are by appointment only on Other. You can find more information about the New York firm at axiaadvisory.com.