Idl Advisors, Inc. (Kokomo)


Idl Advisors, Inc. is a large advisory firm based in Kokomo. It manages $112.6 million of regulatory assets for 264 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdiction of Indiana.

Idl Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Idl Advisors: assets under management

The assets under management (AUM) of Idl Advisors, Inc. is $112.6 million. The firm's AUM has grown by 61% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $50.6 million in discretionary accounts and $62 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $196.89 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $8.86 million.
Idl Advisors has custody of $2.7 million in cash and securities for 12 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Idl Advisors, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. 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.

Careers at Idl Advisors, Inc.

Richard Allen Smith has been acting as President since 1 May 2010. Aaron Taylor Smith joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Richard Allen Smith President 1 May 2010 75% - 100% 1353025
Aaron Taylor Smith Chief compliance officer 1 May 2010 Other 4233192

Based in Kokomo

The principal office where Idl Advisors, Inc. performs its advisory services is located at 1830 S. Plate St., Kokomo, IN 46902 The mailing address of the firm is P.O. Box 2229, Kokomo, IN 46904 2229. An additional office of the firm is in Fort Wayne, IN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 765-459-4111 or by fax 765-454-7589. The normal business hours are 9:00 a.m. - 4:30 p.m. on Monday - Friday.