A wedge-type bearing assembly includes a split cylindrical adapter sleeve for wrapping around a shaft. The sleeve has a radially outwardly facing tapered surface. An inner ring encircles the adapter sleeve and has a radially inwardly facing surface engaging the tapered surface of the adapter sleeve. In one embodiment, a visual indicator fixed to a lock nut connecting the adapter sleeve and inner ring indicates when the adapter sleeve is sufficiently tightened onto the shaft. In another embodiment, a positive locking key prevents rotation of the inner ring relative to the adapter sleeve.