Lebenthal Asset Management

What Lebenthal Asset Management does

Lebenthal Asset Management is the wealth management umbrella for an independent, full-service financial services organization headquartered in New York. It operates through three coordinated entities: Lebenthal Financial Services, Inc., a FINRA/SIPC-registered broker-dealer based in Jericho, NY and led by President Michael Hartzman, CFP®; Lebenthal Global Advisors, LLC, a registered investment advisory firm based in Hauppauge, NY and led by President Dominick Tavella; and Lebenthal Wealth Planning, a dedicated planning division. The firm's purpose-built platform provides individualized wealth management — spanning retirement, estate, education, insurance, tax, and investment management — for individual investors and families pursuing long-term wealth building rather than short-term speculative returns.

The business runs a sales-led go-to-market delivered through financial advisors and planners, with offices in Jericho and Hauppauge, NY, plus additional locations in Florida and New Jersey. Revenue is generated through securities transaction commissions (via the broker-dealer) and ongoing investment advisory fees (via the RIA), both recurring in nature. Client accounts are custodied at third-party providers including Raymond James, Black Diamond, Charles Schwab, American Trust, and Fidelity, giving clients multi-platform access while Lebenthal retains the advisor-of-record role.

Lebenthal differentiates primarily through brand heritage — invoking a storied multi-generational history symbolized by a horse-drawn plow icon — rather than through proprietary technology or quantitative differentiation. The firm supplements advisor-driven distribution with The Lebenthal Report podcast as a top-of-funnel content channel. The only documented inorganic action is the January 2016 acquisition of Griffin Asset Management for an undisclosed amount, and there are no disclosed funding rounds, patents, or product launches beyond sub-brand formalization.

Name

Lebenthal Asset Management

Legal name

Lebenthal Financial Services, Inc.

Website

https://lebenthal.com

Company type

Private

Operating status

Operating

Headcount range

101–250 employees

Short description

Lebenthal Asset Management is an independent wealth management firm serving individual investors and families through three divisions — a broker-dealer, an RIA, and a planning unit — offering retirement, estate, education, tax, and investment management services across the Northeast and Southeast US.

Ownership category

akta.pro rank

Product category

Wealth Management

NAICS

Portfolio Management and Investment Advice (52394)

SIC

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

akta.pro primary industry

Private Banking Advisory & Discretionary Portfolio Management (FSABADAD)

akta.pro secondary industries

Discretionary Portfolio Management (DPM) (FSAAABAC), Private Client Custody & Brokerage (Execution, Reporting, Safekeeping) (FSAAABAN)

Keywords

• Wealth management
• Investment advisory
• Financial planning
• Broker-dealer services
• Retirement planning

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Broker-Dealer Services: Securities offered through Lebenthal Financial Services, Inc., a FINRA/SIPC member broker-dealer. Revenue generated from securities transactions and advisory fees.
2. Investment Advisory Services: Investment Advisory services offered through Lebenthal Global Advisors, LLC, providing ongoing wealth management and financial planning services.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Lebenthal Asset Management provides full-service wealth management through three operating divisions: Lebenthal Financial Services, Inc. (a FINRA/SIPC member broker-dealer offering securities transactions), Lebenthal Global Advisors, LLC (a registered investment advisory firm delivering goal-driven financial strategies), and Lebenthal Wealth Planning (a dedicated planning division offering retirement, estate, education, insurance, tax, and investment management planning). The firm serves individual investors and families seeking disciplined, long-term wealth building.

Product overview

Lebenthal Asset Management operates as a unified financial services holding entity comprising three distinct divisions: Lebenthal Financial Services, Inc. (the core broker-dealer and FINRA/SIPC member firm handling securities transactions), Lebenthal Global Advisors, LLC (the registered investment advisory firm providing goal-driven financial strategies), and Lebenthal Wealth Planning (the dedicated planning division offering comprehensive services in retirement, estate, education, insurance, tax, and investment management). Together, these divisions provide end-to-end wealth management services from advisory through execution, with offices in Jericho, Hauppauge, NY, as well as Florida and New Jersey.

Differentiator

Problem solved

Functional benefit

Products and services

• Lebenthal Financial Services, Inc. An independent, full-service broker-dealer based in Jericho, NY, led by President Michael Hartzman, CFP®. The firm is a member of FINRA/SIPC and offers securities transactions to individual clients, combining decades of market experience with a personalized approach to help clients build, protect, and grow their wealth.
• Lebenthal Global Advisors, LLC A registered investment advisory firm headquartered in Hauppauge, NY, led by President Dominick Tavella. Serves clients across the country with additional offices in Florida and New Jersey, delivering thoughtful, goal-driven financial strategies with a deep commitment to long-term client relationships.
• Lebenthal Wealth Planning The dedicated planning division of Lebenthal Financial Services, focused on helping clients design comprehensive strategies for retirement, estate, education, insurance, tax, and investment management—all aligned to support their life goals.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core.

• Raymond JamescoreTechnology or IntegrationRaymond James client access portal integration allowing Lebenthal clients to access their accounts and portfolio information through Raymond James platform.
• Black DiamondcoreTechnology or IntegrationBlack Diamond reporting platform integration for client portfolio reporting and performance analysis.
• Charles SchwabcoreTechnology or IntegrationCharles Schwab client portal integration for account access and management services.
• Fidelity InvestmentscoreTechnology or IntegrationFidelity digital platform integration for client account access and investment management.
• FINRAcoreOthersFinancial Industry Regulatory Authority - regulatory membership and oversight for securities brokerage operations.
• SIPCcoreOthersSecurities Investor Protection Corporation - provides protection for customer accounts held at Lebenthal Financial Services member broker-dealers.

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Direct peers

• LPL Financial: Largest independent broker-dealer in the US, supporting thousands of advisors serving retail and mass-affluent clients with brokerage and advisory services — directly comparable to Lebenthal's core offering.
• Cambridge Investment Research: Independent broker-dealer serving independent financial advisors with both brokerage and RIA capabilities, similar to Lebenthal's dual-entity structure.
• Kestra Financial: Independent wealth management platform providing broker-dealer and advisory infrastructure to independent advisors — overlapping with Lebenthal's full-service model.
• Wealth Enhancement Group: Independent wealth management firm offering comprehensive financial planning and investment services to individuals — comparable customer segment and service scope as Lebenthal.
• Cetera Financial Group: Independent broker-dealer and RIA platform supporting thousands of financial advisors serving individual investors — overlapping with Lebenthal's broker-dealer and advisory structure.
• Focus Financial Partners: Partnership model for independent wealth management firms; provides scale, M&A, and back-office support — comparable to Lebenthal's independent multi-entity wealth model.
• Dynasty Financial Partners: Provider of integrated platforms and services to independent financial advisors, comparable to Lebenthal's model of supporting advisors across custody, advisory, and planning.
• Hightower Advisors: Independent wealth management platform serving HNW individuals and families through a multi-advisor model with comprehensive planning services — directly comparable to Lebenthal's three-division wealth management offering.

Broad incumbents

• Edward Jones: National full-service wealth manager serving individual investors through a branch-based advisor model — comparable customer base and disciplined retail wealth focus to Lebenthal.
• Raymond James Financial Services: Diversified financial services firm with a large independent contractor broker-dealer and RIA channel; serves as both a custodian partner for Lebenthal and a broad incumbent competitor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/lebenthal-global-advisors-llc

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Lebenthal Asset Management