What Boenning & Scattergood does

Boenning & Scattergood is a private, independent financial services firm founded in 1914 and headquartered in Berwyn, Pennsylvania. Operating as Boenning Inc, the firm is one of the oldest independent securities, asset management, and investment banking firms in the United States, delivering personalized wealth management and brokerage services to retail investors, high-net-worth individuals and families, institutions, pensions and trusts, and business owners across Pennsylvania, Ohio, and New Jersey through four regional offices (Berwyn, Pittsburgh, Cleveland, Linwood).

The firm's core offering is a modular wealth management platform comprising investment planning and portfolio management, private wealth management, retirement planning, tax planning, estate planning, business succession planning, stock options advisory, education and college planning, life insurance, and charitable giving and gifting. Services are delivered by teams of financial advisors and client service associates, with dedicated CFA® and CFP® credentialed professionals supporting investment analysis and financial planning. There is no proprietary technology stack; securities and advisory execution are provided through a core partnership with LPL Financial, a registered investment advisor that supplies the broker-dealer, regulatory, trading, and compliance infrastructure.

Revenue is generated through two streams: transaction-fee brokerage and recurring fee-based advisory engagements conducted via the LPL Financial platform. The firm employs 101–250 people, maintains no public ownership or funding activity, and grows primarily through advisor hiring and selective regional tuck-in acquisitions (Sweney Cartwright and Co in 2019, Columbus Macro in 2021). Go-to-market is sales-led and relationship-driven, relying on direct advisor-client engagements, organic referrals, and content marketing rather than digital acquisition channels.

Name

Boenning & Scattergood

Legal name

Boenning Inc

Website

https://boenninginc.com

Company type

Private

Founded year

1914

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Wealth Management Services

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211), Finance Services (6199)

akta.pro primary industry

Advisory Portfolio Management (Non-Discretionary) (FSAAABAD)

akta.pro secondary industries

Financial Planning & Goals-Based Advice (Mass Affluent) (FSAAAAAF), Private Banking & UHNW Wealth Advisory (FSAEABAC)

Keywords

• Wealth management services
• Investment advisory
• Retirement planning
• Estate planning
• Financial advisory

Headquarters

HQ city

Conshohocken

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Brokerage Services: Traditional brokerage services offering comprehensive brokerage and fee-based services for retail investors, institutions, and various organizations including pension, trust, estate, and business clients.
2. Fee-Based Advisory Services: Fee-based financial advisory services provided through the LPL Financial platform, offering personalized wealth management solutions.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Boenning & Scattergood is an independent financial advisory firm that provides personalized wealth management services to retail investors, high-net-worth individuals, families, institutions, pensions, and trusts. Core services include investment planning, portfolio management, private wealth management, retirement planning, tax planning, estate planning, business succession planning, stock options advisory, education planning, life insurance, and charitable giving strategies. Services are delivered through dedicated CFA® and CFP® certified advisors across four regional offices, with securities and advisory execution handled via LPL Financial.

Product overview

Boenning & Scattergood is a regional financial advisory firm offering a comprehensive suite of wealth management services. The firm's core offering is built around a unified wealth management platform comprising multiple interconnected service modules: Investment Planning & Portfolio Management, Private Wealth Management, Retirement Planning, Tax Planning, Estate Planning, Business Succession Planning, Stock Options planning, Education & College Planning, Life Insurance, and Charitable Giving & Gifting. The firm delivers these services through teams of financial advisors (including CFA® and CFP® certified professionals) and Client Service Associates. Services are offered through a partnership with LPL Financial for securities and advisory execution. The firm operates from multiple regional offices in Berwyn, PA (headquarters), Pittsburgh, PA, Cleveland, OH, and Linwood, NJ.

Differentiator

Problem solved

Functional benefit

Products and services

• Private Wealth Management Comprehensive private wealth management services for affluent individuals and families, encompassing goal setting, portfolio diversification across stocks, bonds, real estate and alternatives, tax-efficient strategies, and professional financial advisory.
• Investment Planning & Portfolio Management Investment planning and portfolio management services focused on defining investment goals, diversifying across asset classes, risk management, and providing professional guidance for long-term wealth building.
• Retirement Planning Retirement planning services including early savings initiation, portfolio diversification, maximizing employer-sponsored plans, tax-advantaged accounts, and healthcare cost planning.
• Tax Planning Tax planning services including leveraging deductions, tax-advantaged accounts (IRAs, HSAs, 401(k)s), strategic timing of income, tax credits optimization, and professional tax planning guidance for individual and business clients.
• Estate Planning Estate planning services including will drafting, trust creation, beneficiary designation reviews, and comprehensive legacy planning to ensure assets are distributed according to client wishes.
• Business Succession Planning Business succession planning services helping business owners identify successors, establish clear transition objectives, create comprehensive transition plans, and ensure financial security during ownership transfer.
• Stock Options Advisory Stock options planning and management services including ISOs and NSOs guidance, vesting schedule awareness, tax implications, diversification strategies, and professional advisory for equity compensation.
• Education & College Planning Education and college planning services helping families navigate early planning, goal setting, scholarship and financial aid options, and effective budgeting for educational expenses.
• Life Insurance Life insurance planning services including needs assessment, policy type selection (term, whole, universal), coverage amount determination, and integration with broader financial plans.
• Charitable Giving & Gifting Charitable giving and gifting strategies to help clients incorporate philanthropy into their financial and estate plans, maximizing tax benefits while supporting meaningful causes.
• Brokerage Services Traditional brokerage services offering comprehensive brokerage execution for retail investors, institutions, and various organizations including pension, trust, estate, and business clients, executed via the LPL Financial platform.

Segments5 records

Ideal customer profiles4 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 IntegrationSecurities and advisory services are offered through LPL Financial, a registered investment advisor. The firm operates as an independent broker-dealer providing the platform for Boenning & Scattergood's brokerage and fee-based services. LPL Financial provides regulatory infrastructure, trading platforms, and compliance support.

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Stifel Financial: Large U.S. broker-dealer and wealth manager with deep Mid-Atlantic and Northeast presence, offering brokerage, investment banking, and investment advisory services. Overlaps significantly with Boenning's wealth management and institutional research offerings but at materially greater scale.
• Edward Jones: National retail-focused wealth manager with thousands of branch offices across the U.S., specializing in brokerage and advisory services for retail and HNW clients. Comparable target customer and advisor-led distribution model.
• Ameriprise Financial: Large diversified wealth manager with an extensive advisor network providing retail brokerage, investment advisory, retirement, and estate planning. Comparable full-service wealth management offering at significantly larger scale.
• Raymond James Financial: National broker-dealer and wealth manager with a large network of independent financial advisors serving retail and HNW clients. Comparable business model mix (brokerage + fee-based advisory) with substantially broader geographic and scale reach.
• Robert W. Baird: Privately held regional broker-dealer and wealth manager with a Midwest/Northeast footprint, offering retail brokerage, investment advisory, and investment banking. Comparable positioning as an employee-owned, regionally anchored wealth management firm.

Direct peers

• Cambridge Investment Research: Independent broker-dealer supporting thousands of financial advisors with brokerage, advisory, and wealth management platforms. Highly comparable as an independent firm providing execution and compliance infrastructure to affiliated advisors.
• Janney Montgomery Scott: Independent regional broker-dealer and wealth manager headquartered in Philadelphia, serving the Mid-Atlantic with a comparable mix of retail brokerage, investment advisory, and institutional services. Directly comparable as a regional boutique offering similar product breadth via a similar platform structure.
• Cetera Financial Group: Independent broker-dealer platform serving a network of independent financial advisors with brokerage, advisory, and wealth management services. Comparable independent RIA/broker-dealer model supporting advisor firms with platform infrastructure.
• Advisor Group (now Osaic): Large independent broker-dealer network supporting thousands of affiliated financial advisors with wealth management, brokerage, and advisory services. Directly comparable independent-IBD model competing for the same advisor and client segments.

Others

• LPL Financial Holdings: The largest independent broker-dealer in the U.S. and Boenning's primary platform provider, providing execution, custody, compliance, and advisory infrastructure. Included as the underlying infrastructure partner that defines Boenning's economics rather than a direct competitor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/BoenningInc
• Facebookfacebook.com/Boenninginc

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

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

M&A3 records

Investments

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

Frequently asked questions about Boenning & Scattergood