Goelzer Investment Management

Registered investment adviser · Carmel, IN · CRD #44402

Form ADV data as of 2026-09-01

Regulatory assets

$4.51 billion

Total accounts

1,945

Employees

Disclosure events

Firm details

Website: https://x.com/goelzerinc
Telephone: 317-264-2600
SEC file number: 801-55588
Most recent Form ADV filing: 2026-07-01
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm reports 1 disclosure question answered Yes, covering 1 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.

SEC or CFTC entered an order in connection with investment-related activity

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$4.31 billion
Non-discretionary regulatory assets under management	$199.0 million
Total regulatory assets under management	$4.51 billion
Discretionary accounts	1,901
Non-discretionary accounts	44
Total accounts	1,945
Regulatory assets under management attributable to non-U.S. persons	$0

People

Total employees (excluding clerical)	34
Employees performing investment advisory functions (including research)	22
Employees who are registered representatives of a broker-dealer	0
Employees registered as investment adviser representatives with a state	22
Employees registered as IARs for another investment adviser	0
Employees who are licensed insurance agents	1
Firms or persons who solicit advisory clients on the firm's behalf	1

Custody

Has custody of client cash or bank accounts	Yes
Has custody of client securities	Yes
Client funds and securities held in the firm's custody	$1.22 billion
Clients for whom the firm has custody	491
A related person has custody of client cash or bank accounts	No
A related person has custody of client securities	No
The firm acts as a qualified custodian	No
A related person acts as a qualified custodian	No
Number of persons acting as qualified custodians for the firm's clients	1

How the firm is compensated

A percentage of assets under managementFixed fees (other than subscription fees)

Advisory services offered

Financial planning servicesPortfolio management for individuals and/or small businessesPortfolio management for businesses or institutional clientsPension consulting servicesSelection of other advisers (including private fund managers)Publication of periodicals or newslettersEducational seminars/workshopsOther

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Buys or sells for itself securities it also recommends to clients
Recommends brokers or dealers to clients
Compensates a non-employee for client referrals
Provides employee compensation specifically for obtaining clients
Receives compensation from others for client referrals

Client types

Type of client	Clients	Assets
Individuals (other than high net worth individuals)	173	$109.7 million
High net worth individuals	404	$2.04 billion
Pension and profit sharing plans (not the participants or government plans)	12	$9.2 million
Charitable organizations	42	$1.36 billion
State or municipal government entities (including government pension plans)	35	$575.2 million
Corporations or other businesses not listed above	19	$212.7 million
Other	10	$199.0 million