The Hammond Agency

What The Hammond Agency does

The Hammond Agency is an independent, privately held insurance and financial services agency founded on June 1, 1980, by Karen R. Hammond, who continues to serve as Founder & President. The firm operates from a single headquarters at 2841 Hartland Road, Suite 406, Falls Church, Virginia, with 1-10 employees, and serves two primary segments: individual and family clients seeking retirement, insurance, and wealth-advisory guidance, and small to mid-size businesses seeking employee benefits and retirement plan packages. The product stack spans 401(k), pension, and IRA retirement plans; group and individual health insurance; life, long-term care, dental/vision, and disability insurance; and college planning via 529 plans.

The agency generates revenue through commissions on insurance and retirement products distributed through a non-captive, independent model with no vendor ties or quotas, paired with a content-driven Learning Center (calculators, educational videos, flipbooks, monthly newsletters, research articles, tax library, and glossary) used as top-of-funnel lead generation. The technology footprint is traditional and non-proprietary: research, market commentary, and the client account login portal are provided by a core partnership with LPL Financial, and no proprietary platform, API, mobile app, or AI capability is disclosed. Go-to-market is direct, sales-led advisory delivered via phone, email, in-person consultations at the Falls Church office, and the website's contact channels.

Name

The Hammond Agency

Legal name

The Hammond Agency

Website

https://hammondagency.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

1–10 employees

Short description

The Hammond Agency is an independent insurance and financial services agency in Falls Church, VA, founded in 1980 by Karen R. Hammond, serving individual and small-to-mid-size business clients with retirement plans, life, health, dental, disability, and long-term care insurance products distributed via a partnership with LPL Financial.

Ownership category

akta.pro rank

Product category

Insurance Brokerage and Financial Advisory Services

NAICS

Finance and Insurance (52), Direct Life, Health, and Medical Insurance Carriers (52411)

SIC

Accident & Health Insurance (6321), Life Insurance (6311), Finance Services (6199)

akta.pro primary industry

Independent Broker-Dealers (Retail Network) (FSAAAAAC)

akta.pro secondary industries

Employer Retirement Plan Advisory (401(k)/Pension) (FSAEABAE), Retirement Plan Participant Advice & Managed Accounts (FSAEABAF)

Keywords

• Independent insurance agency
• Financial planning services
• Retirement plan advisory
• Employee benefits brokerage
• Insurance brokerage services

Headquarters

HQ city

Falls Church

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Products and Services: The agency generates revenue through commissions on insurance products including health insurance (group and individual), life insurance, long-term care insurance, disability insurance, dental and vision coverage. They also provide retirement planning services including 401(k) plans, IRAs, and pension plans.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

The Hammond Agency is an independent financial services and insurance agency that sells retirement plans (401(k), pensions, IRAs), health insurance (group and individual), life insurance, long-term care, dental and vision, disability coverage, and 529 college savings plans. It also provides personalized financial planning advisory services to both individuals and businesses, leveraging a content-driven Learning Center and partnership with LPL Financial for research and account access.

Product overview

The Hammond Agency is an independent financial services and insurance agency established in 1980, offering a comprehensive suite of financial products and services to both individuals and businesses. The agency's core offerings include retirement planning (401(k), pensions, IRAs), health insurance (group and individual), life insurance, long-term care insurance, dental and vision coverage, disability insurance, and college planning/529 plans. The agency differentiates itself as an independent free-standing agency with no ties to vendors or quotas. Beyond traditional insurance and financial products, the agency provides an extensive digital learning center featuring financial calculators, educational videos, flipbooks, newsletters, research articles, a tax library, and a financial glossary to help clients make informed financial decisions.

Differentiator

Problem solved

Functional benefit

Products and services

• Financial Planning Services Comprehensive financial planning services for individuals and businesses that evaluate the client's whole financial picture, set goals, and create tailored plans covering retirement, estate, insurance, and tax considerations.
• Retirement Plans Retirement planning products including 401(k) plans for employers and pensions and IRAs for individuals to help clients and their employees plan for the future.
• Health Insurance Health insurance products available as group plans for employers and individual policies for consumers, providing medical coverage for clients and their employees.
• Life Insurance Life insurance coverage for individuals and businesses, including term, whole, universal, and variable life insurance options.
• Long-Term Care Insurance Long-term care coverage for nursing home or stay-at-home assistance, including asset-based and hybrid long-term care insurance plans, for individuals and employees.
• Dental and Vision Insurance Dental and vision coverage plans offered to individuals and as part of employer-sponsored employee benefits packages.
• Disability Insurance Long- and short-term disability coverage to protect income against loss from illness or injury for individuals and employees.
• College Planning / 529 Plans Education savings vehicles, including 529 plans, that help families save for higher education costs.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• LPL FinancialcoreTechnology or IntegrationLPL Financial provides research content and market commentary that is distributed through The Hammond Agency's website. The agency links to LPL Financial research reports, weekly market commentary, and Outlook publications including Outlook 2025 and Outlook 2026 reports. LPL Financial Form CRS is referenced on the website.

Scale indicators1 record

Recent moves4 records

Expansion highlights4 records

Direct peers

• Commonwealth Financial Network: Large independent broker-dealer supporting independent financial advisors with retirement, investment, and insurance solutions. Mirrors Hammond's independent agency model through a similar LPL/independent-broker-dealer affiliation paradigm, with comparable advisor-level service breadth across insurance and retirement products.
• Cambridge Investment Research: Independent broker-dealer platform supporting independent financial advisors, especially those offering retirement plans, insurance, and wealth management. Directly comparable as a similarly structured independent-advisor affiliation model to LPL/Cetera-type networks that Hammond operates within.
• Cetera Financial Group: Independent broker-dealer network hosting financial advisors offering retirement, insurance, and wealth services. Comparable to Hammond as an affiliation model serving independent agencies/advisors across insurance and retirement products.
• Kestra Financial: Independent broker-dealer supporting financial professionals with retirement, insurance, and investment offerings. Comparable independent-advisor platform serving small/mid-market advisors in the same LPL/Cetera competitive set.
• Osaic (formerly Advisor Group): Independent broker-dealer network supporting financial advisors across retirement, life insurance, and wealth management. Directly comparable as a competing affiliation platform to LPL Financial for independent agencies like Hammond.
• Park Avenue Securities: Independent broker-dealer supporting Guardian-affiliated financial advisors offering insurance and retirement products. Comparable as a hybrid independent-broker-dealer model combining insurance carrier affiliation with advisory offerings.
• Hilltop Securities Independent Advisors: Independent broker-dealer arm offering retail advisory, retirement, and insurance solutions to independent financial professionals. Comparable as another independent advisor support platform in the LPL/Cambridge competitive set Hammond operates within.

Broad incumbents

• LPL Financial: Largest independent broker-dealer in the U.S., Hammond's explicit technology/content partner providing research, market commentary, and client portal infrastructure. Comparable as the hosting broker-dealer whose platform enables Hammond's independent advisory model.
• Edward Jones: Large retail-focused financial advisory firm offering retirement plans, insurance, and wealth management to individuals and small businesses. Comparable as a broader incumbent in the same retail financial advisory and retirement/insurance space, although operating a captive (not independent) advisor model.
• Northwestern Mutual: Large insurer/advisory combining life insurance, disability, retirement, and wealth products through captive advisors. Comparable as a broad incumbent in the same life insurance, disability, retirement, and financial planning categories Hammond serves, though much larger and captive rather than independent.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks4 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/TheHammondAgencyInc
• LinkedInlinkedin.com/company/hammondagency

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

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 The Hammond Agency