Mack Financial Group
Mack Financial Group is an Indianapolis-based independent financial advisory firm and M Financial Member Firm offering wealth management, estate planning, life insurance, and executive benefits to affluent families, HNW individuals, and businesses from local firms to Fortune 500 companies, managing over $1 billion in assets under advisement.
- Company typePrivate
- Founded1981
- HeadquartersIndianapolis, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Mack Financial Group does
Mack Financial Group, Inc. is an independently owned financial advisory firm headquartered in Indianapolis, Indiana, operating since 1981 as a Member Firm of the M Financial Group network. The firm delivers wealth management, estate planning, life insurance (including Private Placement Life Insurance), executive compensation, qualified and supplemental retirement plans, high-income disability insurance, and key person insurance to affluent families, HNW individuals, executives, professionals, and business clients ranging from local firms to Fortune 500 companies. The firm manages over $1 billion in assets under advisement, operates a second office in Jackson Hole, Wyoming, and is led by founder Richard D. Mack as President & CEO.
The technology stack is built on an open-architecture platform with no product restrictions, integrating eMoney for client portal access and the Aperture platform from M Financial. Securities and brokerage services are delivered through The Leaders Group, Inc. (a FINRA/SIPC member broker-dealer) and investment advisory managed accounts through TLG Advisors, Inc. (an SEC-registered RIA), with custody at Fidelity, Charles Schwab, or Pershing. Insurance products are accessed through carrier relationships with Prudential, John Hancock, Nationwide, and Pacific Life, funneled through the M Financial network.
Revenue is generated through three streams: recurring advisory fees billed quarterly on managed assets (0.80%-1.75% annually per TLG Advisors), insurance commissions on life and PPLI products, and transaction-based securities fees through The Leaders Group. The firm employs approximately 11 people, including six senior advisors and a leadership team comprising the founder, COO, CCO, and senior partners with backgrounds spanning investment banking, professional sports, and broadcasting. GTM is consultative and relationship-driven, with content marketing via the Insights blog and LinkedIn supporting top-of-funnel awareness.
Mack Financial Group firmographics
Firmographics- Name
- Mack Financial Group
- Legal name
- Mack Financial Group, Inc.
- Website
- https://mackfinancial.com
- Company type
- Private
- Founded year
- 1981
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Mack Financial Group is an Indianapolis-based independent financial advisory firm and M Financial Member Firm offering wealth management, estate planning, life insurance, and executive benefits to affluent families, HNW individuals, and businesses from local firms to Fortune 500 companies, managing over $1 billion in assets under advisement.
- Ownership category
- akta.pro rank
Mack Financial Group industry classification
Industry- Product category
- Wealth Management and Financial Advisory
- NAICS
- Portfolio Management and Investment Advice (523940), Pension Funds (52511)
- SIC
- Investment Advice (6282), Life Insurance (6311)
- akta.pro primary industry
- Comprehensive/Full-Service RIAs & Independent Wealth Managers (FSAAACAA)
- akta.pro secondary industries
- Specialized/Niche-Vertical RIAs (e.g., Medical, Tech, Executives, Athletes) (FSAAACAL), Private Banking & UHNW Wealth Advisory (FSAEABAC)
Keywords
Where Mack Financial Group is headquartered
LocationHeadquarters
- HQ city
- Indianapolis
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Mack Financial Group business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Financial Advisory Fees: Transparent quarterly advisory fee model that aligns firm interests with clients. Fee-based compensation structure disclosed to clients.
- Insurance Commissions: Commissions from life insurance products including traditional life insurance, private placement life insurance (PPLI), and other insurance solutions through M Financial network partners including Prudential, John Hancock, Nationwide, and Pacific Life.
- Securities Brokerage: Securities and investment advisory services offered through The Leaders Group, Inc., a securities broker dealer and member of FINRA/SIPC. Transaction-based fees and commissions on brokerage accounts, mutual funds, variable annuities, and variable life insurance.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Quarterly | Transparent Quarterly Advisory Fee |
| Transaction based/ take rate | Pay-as-you-go | Brokerage Transaction Fees |
| Subscription | Annual | Investment Advisory (via TLG Advisors) |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels3 records
Mack Financial Group product offering
Product offeringCore offering
Mack Financial Group is an independent financial advisory firm that delivers personalized wealth management, estate planning, life insurance (including private placement life insurance), executive compensation, qualified retirement plans, supplemental executive retirement plans (SERPs), high-income disability insurance, and key person insurance to affluent families, executives, professionals, and businesses. The firm operates as an M Financial Group Member Firm with an open architecture platform providing access to premier management resources without product restrictions.
Product overview
Mack Financial Group offers a comprehensive suite of financial planning and advisory services as an independently owned firm and M Financial Member Firm. Their core offerings for affluent families include Wealth Management, Estate Planning, and Life Insurance Solutions (including Private Placement Life Insurance). For business clients, they provide Executive Compensation Plans, Qualified Retirement Plans, Supplemental Executive Retirement Plans (SERPs), High-Income Disability Insurance, and Key Person Insurance. The firm operates with an open architecture platform, free from product restrictions, and has access to M Financial's exclusive financial products. They serve clients across the United States with over $1 billion in assets under advisement and 42 years of experience.
Differentiator
Problem solved
Functional benefit
Products and services
- Wealth Management Goals-based wealth management services combining active management with premier management resources to handle investments with precision and insight for affluent families and individuals.
- Estate Planning Estate planning and wealth management services aligned with financial objectives, providing continuity and liquidity solutions for families and businesses.
- Life Insurance Solutions Custom insurance solutions including private placement life insurance (PPLI), structured with top insurance companies for liquidity, stability, and complex financial goals.
- Executive Compensation Plans Competitive, tax-efficient executive compensation packages that help businesses attract and retain valuable employees while reflecting company vision.
- Qualified Retirement Plans Expert advice on optimizing retirement benefit structures including IRAs and 401(k)s, maximizing employee participation while ensuring regulatory compliance.
- Supplemental Executive Retirement Plans (SERPs) Custom supplemental retirement plans that enhance retirement strategies for leadership and staff, providing adaptable and individualized approaches.
- High-Income Disability Insurance Specialized insurance strategies protecting high-earning professionals from income loss due to disability, ensuring financial well-being.
- Key Person Insurance Business continuation insurance supporting succession planning, reducing impact of losing essential team members while offering liquidity and tax-efficient coverage.
- M Financial Exclusive Products Exclusive financial products through M Financial membership serving unique needs of high-net-worth individuals, executives, and employers, with preferred pricing.
Quantifiable outcome
- $1 billion+ in assets under advisement
- +2 more outcomes
Companies that use Mack Financial Group
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles2 records
Mack Financial Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Mack Financial Group partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and minor.
- M Financial GroupcoreMack Financial is a Partner and Member Firm of M Financial Group. This membership provides exclusive access to M Financial's proprietary financial products for high-net-worth individuals, executives, and employers. Benefits include preferred pricing, specialized guidance from industry leaders, and streamlined digital support. M Financial Group manages $196 billion in life insurance in force and $54 billion in cash value of in-force policies.
- The Leaders Group, Inc.coreSecurities and investment advisory services are offered through The Leaders Group, Inc., a securities broker dealer registered with the SEC, member of FINRA and SIPC. The firm provides brokerage accounts, mutual funds, variable annuities, and variable life insurance products. Mack Financial agents operate as registered representatives of this broker-dealer.
- TLG Advisors, Inc.coreTLG Advisors, Inc. is an SEC-registered investment advisor that offers managed accounts through various third-party money managers with custodian services through Charles Schwab, Pershing, or Fidelity. Advisory fees generally run 0.80% to 1.75% per year of assets under management.
- PrudentialminorLife insurance carrier partner accessed through M Financial network. Mack Financial helps clients acquire custom insurance solutions for liquidity, stability, and other complex financial goals.
- John HancockminorLife insurance carrier partner accessed through M Financial network. Provides custom insurance solutions for clients.
- NationwideminorLife insurance carrier partner accessed through M Financial network. Provides custom insurance solutions for clients.
- Pacific LifeminorLife insurance carrier partner accessed through M Financial network. Provides custom insurance solutions for clients.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Mack Financial Group competitors and assessment
Company assessmentDirect peers
- Mariner Wealth Advisors: Comprehensive national RIA serving HNW/UHNW families and businesses with wealth planning, estate strategy, and open-architecture advisory — directly comparable in client segments and service mix to Mack Financial.
- Cresset Capital: Multi-family office and private wealth platform with deep HNW/UHNW advisory, alternative investments, and estate planning — comparable focus area but larger scale than Mack Financial.
- Wealth Enhancement Group: Independent RIA platform built on open architecture serving HNW individuals with comprehensive financial planning, retirement, and estate services — closely analogous business model to Mack Financial.
- Savant Wealth Management: Mid-size independent RIA providing goals-based wealth management, retirement planning, and estate services to HNW households — similar firmographic profile and service stack.
- Buckingham Strategic Wealth: Flat-fee fiduciary RIA with focus on evidence-based wealth management for HNW clients and businesses — directly overlapping on comprehensive planning offerings.
- Aspiriant: Fee-only RIA serving HNW individuals/families with holistic planning, tax, and estate services — closely mirrors Mack's holistic goals-based approach.
- Sequoia Financial Group: Mid-size independent RIA providing wealth management, retirement plan advisory, and estate planning to HNW families and businesses — comparable mid-market size and service portfolio.
Broad incumbents
- Edelman Financial Engines: Large national RIA providing comprehensive financial planning, retirement, and investment services to HNW households — same space but materially larger scale and broader product set than Mack Financial.
- Fisher Investments: Major asset manager and RIA primarily serving HNW investors through portfolio management and wealth advisory — overlap in HNW advisory but with much greater AUM scale.
Others
- Commonfund: Institutional investment manager serving foundations, endowments, and HNW families with OCIO and advisory services — adjacent comparable in fiduciary wealth management for sophisticated investors.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Mack Financial Group social profiles
Digital presenceMack Financial Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mack Financial Group leadership team
Management profileNumber of profiles
Profiles12 records
Mack Financial Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mack Financial Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Mack Financial Group
What does Mack Financial Group do?
Mack Financial Group is an independent financial advisory firm that delivers personalized wealth management, estate planning, life insurance (including private placement life insurance), executive compensation, qualified retirement plans, supplemental executive retirement plans (SERPs), high-income disability insurance, and key person insurance to affluent families, executives, professionals, and businesses. The firm operates as an M Financial Group Member Firm with an open architecture platform providing access to premier management resources without product restrictions.
Is Mack Financial Group a public or private company?
Mack Financial Group is a private company. It is classified as family owned and is currently operating.
When was Mack Financial Group founded?
Mack Financial Group was founded in 1981. It employs 11 to 50 people.
Where is Mack Financial Group based?
Mack Financial Group is headquartered in Indianapolis, United States, in the North America region.
How does Mack Financial Group make money?
Three revenue lines are on record. Financial Advisory Fees are the primary driver. The others are insurance Commissions and securities Brokerage.
Who are Mack Financial Group's main competitors?
Direct peers on record are Mariner Wealth Advisors, Cresset Capital, Wealth Enhancement Group, Savant Wealth Management, Buckingham Strategic Wealth, Aspiriant and Sequoia Financial Group. Broad incumbents are Edelman Financial Engines and Fisher Investments. Commonfund is listed as an others.
Does Mack Financial Group have an API?
No public API is recorded for Mack Financial Group.
What industry is Mack Financial Group in?
Mack Financial Group's product category is Wealth Management and Financial Advisory. Its primary akta.pro industry code is FSAAACAA, Comprehensive/Full-Service RIAs & Independent Wealth Managers, with a secondary code of FSAAACAL, Specialized/Niche-Vertical RIAs (e.g., Medical, Tech, Executives, Athletes). Its NAICS code is 523940 and its SIC code is 6282.