Investment Advisors of Indianapolis Inc
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About
Investment Advisors of Indianapolis, Inc. provides fee-based portfolio management and investment supervisory services to individuals, trusts, churches, self‑employed professionals, small businesses, and pension and profit‑sharing plans, and manages IRAs, rollover accounts, living trusts and custodial accounts. The firm offers both discretionary and non‑discretionary management and charges percentage‑of‑assets fees for its advisory services.
The firm follows a long-term, fundamental value-investing approach grounded in Benjamin Graham–style analysis, emphasizing intrinsic value and a margin of safety (the brochure cites target discounts in the 40–50% range). Portfolio construction relies on company-level fundamental research, a focus on shareholder‑oriented management, and consideration of client tax preferences and any written investment restrictions.
Compared with many peers, IAI is a small, owner‑managed adviser overseeing roughly $108 million across about 107 accounts as of December 31, 2025, and explicitly notes management of not‑for‑profits and churches alongside individual accounts. The firm also discloses it has no other financial industry affiliations, maintains a written Code of Ethics, uses broker relationships (including payment for research services), and generally operates under discretionary trading authority.
Client services
Expertise
Occupation focus
Fee options
$0 - $250,000: 1.25% $250,000 - $1,000,000: 1.00% $1,000,000+: 0.75%
Minimum fee: $6,000 minimum fee for institutional fixed income accounts Fee-only: Fees are based on assets under management; no commissions are charged.
Main office
See office9302 North Meridian Street, Suite 333
Indianapolis IN 46260
Advisors at this office
1
Offices (2)
Most active in
Indiana
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
Advisors at this firm
Mark D
Series 63
Indianapolis, IN
Investment Advisors of Indianapolis Inc
Mark Durham is a financial advisor with Investment Advisors of Indianapolis, Inc., holding a Series 63 designation and 26 years of industry experience. He has been with the firm since 1990. Outside of his advisory role, he is a minority owner of Red Cobra Wrestling Academy and hosts an annual wrestling tournament each February. Investment Advisors of Indianapolis, Inc. provides fee-based portfolio management and investment supervisory services for individuals, trusts, corporate pension and profit-sharing plans, and not-for-profits including churches. The firm follows a long-term, value-oriented investment approach based on Benjamin Graham–style analysis, focusing on intrinsic value and a margin of safety when evaluating equities and fixed income.
Jeffrey V
Series 63
Indianapolis, IN
Investment Advisors of Indianapolis Inc
Jeffrey Vogel is a financial advisor at Investment Advisors of Indianapolis Inc with 29 years of industry experience. He holds the Series 63 designation and has been with the firm since 1991. Investment Advisors of Indianapolis Inc provides fee-based portfolio management and investment supervisory services to individuals, trusts, corporate pension and profit-sharing plans, and not-for-profits including churches. The firm employs a long-term, value-oriented investment approach based on fundamental analysis and Benjamin Graham–style principles, managing approximately $106 million in assets across a small client base.
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