Heritage Family Offices

What Heritage Family Offices does

Heritage Family Offices, LLP is a multi-disciplinary professional services firm headquartered in Scottsdale (Phoenix metro), Arizona, that delivers integrated tax, legal, wealth management, and insurance services to affluent families, small business owners, executives, and ultra-high-net-worth households. Operationally, the firm is a professional association of four legally independent practices—HFO Certified Public Accountants, LLP; HFO Law Group, LLP; Heritage Insurance Advisors, LLC; and Heritage Wealth Management, LLC—under co-founders Ralph Nelson (JD, CPA; CEO; ex-Deloitte M&A tax) and Michael Frost (President; ex-institutional wealth manager). Heritage's service model is unified by a stated tax-first planning lens in which CPAs participate in major financial decisions alongside attorneys, advisors, and insurance specialists, supported by client-facing technology including a Tamarac-powered investment portal, an eMPlan-powered financial planning portal, and the proprietary Heritage University learning portal.

Heritage earns revenue through a mix of recurring investment advisory fees (AUM-based), professional-services fees for tax preparation, planning, and IRS representation, legal fees for estate planning and asset protection, insurance commissions on life, disability, and long-term care products, and revenue-sharing through two B2B channels: the CPA Firm Partner Program, which embeds Heritage directors inside independent CPA firms under joint venture agreements, and the Financial Advisor Partnership Program, which supplies advisors with operational, technology, and compliance infrastructure. Pricing is quote-based and not publicly disclosed; engagements appear to be multi-year advisory relationships. The firm claims a national footprint ("offices nationwide") despite a single disclosed Phoenix/Scottsdale address, with extended reach achieved primarily through the CPA and advisor partnership channels rather than owned branch offices.

The technology stack is third-party-led rather than proprietary: Tamarac for investment reporting, eMPlan for financial planning, and Squarespace for web/marketing. An affiliated entity, HFO-Cosmic SPV, LLC, conducted an SEC Rule 506(b) exempt securities offering in 2023, raising $8.675 million of a $15 million target. The firm competes against both traditional single-discipline professional services (standalone CPA firms, estate attorneys, broker-dealers) and larger multi-family offices, differentiating on integrated delivery and on serving "affluent-but-not-ultra-affluent" families that historically could not access family-office-level services.

Name

Heritage Family Offices

Legal name

Heritage Family Offices, LLP

Website

https://heritagefo.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Heritage Family Offices, LLP is a Phoenix-based multi-disciplinary firm integrating CPA tax, legal, wealth management, and insurance services to serve affluent families, small business owners, executives, and UHNW households, distributing through direct advisory relationships plus CPA-firm and financial-advisor partnership channels.

Ownership category

akta.pro rank

Product category

Multi-Disciplinary Family Office Services

NAICS

Offices of Certified Public Accountants (541211), Offices of Lawyers (541110), Trusts, Estates, and Agency Accounts (52592), Management of Companies and Enterprises (55)

SIC

Services-Legal Services (8111), Life Insurance (6311)

akta.pro primary industry

Family Office Advisory (Single/Multi-Family) (FSAEAAAI)

akta.pro secondary industries

Family Office Administration & Operations (Accounting, Reporting, Payroll) (FSAAADAD), Estate Planning, Trust Structuring & Governance (FSAAADAF), Philanthropy, Foundations & Grantmaking Advisory (FSAAADAG), Family Office Investment Platforms & Direct Investing (PE/VC/Co-Invest) (FSAAADAH), Family Office Trust & Fiduciary Services (FSAEAKAF), Family Office Services (Single & Multi-Family Office) (FSABADAF)

Keywords

• Family office services
• Wealth management
• Tax planning
• Estate planning
• Financial advisory

Headquarters

HQ city

Phoenix

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Investment Advisory Services: Investment advisory services provided by Heritage Wealth Management, LLC. Fees generated from wealth management, investment management, and portfolio advisory services for clients.
2. Tax and Accounting Services: Tax and accounting services provided by HFO Certified Public Accountants, LLP. Revenue from tax planning, tax return preparation, and accounting services.
3. Legal Services: Legal services provided by HFO Law Group, LLP. Estate planning, asset protection, and other legal services for wealth preservation.
4. Insurance Services: Insurance services provided by Heritage Insurance Advisors, LLC. Revenue from insurance products including life insurance, long-term care, and disability insurance, as well as alternative funding mechanisms.
5. CPA Partner Program Revenue: Revenue split on all compliant Family Office revenue generated through CPA Partner Firms, including Wealth Management Fees, Insurance Commissions, and Advanced Planning fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Heritage Family Offices operates a multi-disciplinary professional services firm that delivers an integrated family office experience spanning tax planning, legal services, investment advisory, and insurance to affluent families and high-net-worth individuals. The firm consolidates CPAs, attorneys, certified financial planners, and insurance specialists under one roof through four legally independent practices (HFO CPAs, HFO Law Group, Heritage Insurance Advisors, and Heritage Wealth Management). It also distributes its capabilities through a CPA Firm Partner Program and a Financial Advisor Partnership Program.

Product overview

Heritage Family Offices, LLP operates as a unified multi-disciplinary family office platform that integrates four legally independent professional practices — HFO Certified Public Accountants, LLP (tax and accounting), HFO Law Group, LLP (legal services), Heritage Insurance Advisors, LLC (insurance), and Heritage Wealth Management, LLC (investment advisory) — to provide affluent families with a comprehensive family office experience spanning asset preservation, financial planning, and investment management through the lens of strategic tax planning. The platform is complemented by a CPA Firm Partner Program for independent CPA firms and a Financial Advisor Partnership Program, with client-facing technology portals including a Tamarac-powered investment portal and an eMPlan-powered financial planning portal.

Differentiator

Problem solved

Functional benefit

Brands

• HFO Certified Public Accountants: Tax and accounting services arm of Heritage Family Offices, providing strategic tax planning and CPA services.
• HFO Law Group
• Heritage Insurance Advisors
• Heritage Wealth Management

Products and services

• HFO Certified Public Accountants, LLP Tax and accounting services arm of Heritage Family Offices providing strategic tax planning, tax return preparation, IRS representation, and financial statement compilation for affluent families, small business owners, and high-income taxpayers.
• HFO Law Group, LLP Legal services division of Heritage Family Offices providing estate planning, asset protection, health care planning, philanthropic planning, business succession planning, and advanced income tax planning for clients whose financial needs align with these practice areas.
• Heritage Insurance Advisors, LLC Insurance services arm of Heritage Family Offices providing life insurance, long-term care insurance, disability insurance, and alternative funding mechanisms as a strategic component of portfolio diversification and wealth preservation.
• Heritage Wealth Management, LLC Investment advisory and wealth management arm of Heritage Family Offices providing financial planning, retirement planning, investment management, qualified retirement plans, social security planning, insurance gap analysis, income planning, legacy planning, cashflow analysis, and withdrawal strategies for ultra-high-net-worth families, business owners, and executives.
• Heritage Family Offices Unified Multi-Disciplinary Family Office Service Integrated multi-disciplinary family office service combining tax, legal, wealth management, and insurance advisory for affluent families, business owners, and high-income taxpayers, leveraging technology and process improvements to deliver a family office experience beyond traditional ultra-high-net-worth tiers.
• CPA Firm Partner Program Joint venture partnership program for independently owned CPA firms that transforms single-discipline practices into multi-disciplinary family offices by integrating Heritage's systems, processes, legal, tax, wealth management, and insurance divisions, with revenue sharing on compliant Family Office revenue.
• Financial Advisor Partnership Program Partnership program for financial advisors providing systems, workflows, training, business development, operations, technology, investment management, marketing, compliance, and execution of legal, tax, and insurance services to help advisors scale their practices and offer comprehensive Family Office services.
• Investment Portal (Tamarac-powered) Client-facing investment management portal powered by Tamarac that provides Heritage clients with access to their investment accounts, portfolio performance, and related reporting.
• Financial Planning Portal (eMPlan-powered) Client-facing financial planning portal powered by eMPlan that gives Heritage clients access to financial planning tools, goal tracking, and comprehensive financial planning capabilities.
• Heritage University (Learning Portal) Proprietary client education and learning portal branded as Heritage University that delivers financial education resources to Heritage Family Offices clients.

Segments7 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Partnerships

One partnership is on record.

• CPA Firm Partner FirmscoreChannel Partner/ Reseller/ DistributorHeritage establishes joint venture agreements with independently owned CPA firms throughout the United States. Within weeks of partnering, CPA firms gain access to Heritage's systems, processes, and software designed to maximize the family office experience. Partner firms maintain control over their practice while Heritage powers their wealth management, legal, and insurance divisions. Revenue is shared on all compliant Family Office revenue generated including Wealth Management Fees, Insurance Commissions, and Advanced Planning fees.

Scale indicators2 records

Recent moves3 records

Expansion highlights5 records

Direct peers

• Creative Planning: Large multi-disciplinary RIA offering integrated wealth, tax, estate, and insurance planning to affluent families nationwide. Highly comparable to Heritage's bundled family office model and target market.
• Bessemer Trust: Multi-family office providing investment management, wealth planning, tax, and trust services to affluent and UHNW families. Overlaps directly with Heritage's integrated advisory and trust offerings.
• Moneta Group: Independent multi-family office/RIA delivering financial planning, investment management, tax, and estate services to affluent households. Closely matches Heritage's service breadth and client profile.
• Aspiriant: Multi-family office serving affluent families with integrated tax, investment, and estate planning. Direct competitor in the middle-market family office segment.
• Mercer Advisors: National RIA providing wealth management, tax, estate, and fiduciary services to affluent families, often through advisor acquisition/partnership. Comparable to Heritage's multi-disciplinary and partnership-driven approach.
• Corient: Multi-family office and wealth manager serving UHNW and affluent households with integrated financial planning, investment management, and tax services. Direct peer in the integrated family office category.
• Sanctuary Wealth: Partner-platform for financial advisors providing operations, technology, and compliance support to deliver comprehensive wealth services. Closely parallels Heritage's Financial Advisor Partnership Program model.

Broad incumbents

• Edelman Financial Engines: Large national wealth manager offering financial planning, investment management, and tax services to affluent households. Overlaps with Heritage's integrated approach but at much greater scale.
• BNY Mellon Wealth Management: Major wealth manager providing investment, trust, estate, and family office services to UHNW and affluent clients. Broader incumbent competing in the same integrated advisory category.
• Cetera Financial Group: Independent advisor support platform offering wealth management, tax, and practice management resources to affiliated advisors. Comparable through its partnership model for independent financial professionals.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights6 records

Customer concentration

• Xx.com/heritagefollp

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries4 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Heritage Family Offices