DeFilippis Financial Group

What DeFilippis Financial Group does

DeFilippis Financial Group is a privately held, family-owned wealth management and tax advisory firm headquartered in Wheaton, Illinois, with a secondary office in Sunny Isles Beach, Florida. Founded in 1987 by Stephen W. DeFilippis (an Enrolled Agent with 39+ years of integrated tax and financial planning experience), the firm manages client assets across 21 states and serves individuals, families, and business owners. Its offering is deliberately consolidated: customized wealth management, investment management, retirement and estate planning, and tax preparation/planning are delivered under a single roof, distinguishing it from pure-play investment managers and from stand-alone tax practices.

The firm operates through a high-touch, advisor-led sales model with a fiduciary standard of care on many offerings. Clients interact through scheduled advisor consultations and access ongoing account information via the AdviceWorks client portal and secure document storage via SmartVault. Securities and advisory services are delivered through a long-standing channel affiliation with Cetera Financial Specialists LLC (broker-dealer, FINRA/SIPC member) and Cetera Investment Advisers LLC (RIA platform), with additional product partners including Charles Schwab, Fidelity Advisor, American Funds, Franklin Templeton, Allianz, Lincoln Financial, Prudential, Transamerica, and Genworth. Supporting technology is third-party rather than proprietary: CalcXML for the calculators library, Wistia for educational video hosting, and standard email/newsletter channels for client education, including the trademarked 'Brilliant Deductions®' blog and periodic Tax Alert newsletters.

The firm has three revenue streams: AUM-based wealth management and advisory fees (recurring), tax preparation and planning fees (professional services), and transaction-based securities commissions routed through Cetera. The team is small (1-10 employees, three named professionals: founder Stephen W. DeFilippis, his son Troy S. DeFilippis overseeing portfolio management, and Client Service Associate Rachel Twietmeyer). Operating at small-RIA scale, the firm competes primarily on integrated tax-plus-investment expertise, fiduciary positioning, multi-generational family continuity, and 38+ years of track record rather than on technology differentiation.

Name

DeFilippis Financial Group

Legal name

DeFilippis Financial Group LLC

Website

https://defilippisfinancial.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

1–10 employees

Short description

DeFilippis Financial Group is a privately held, family-owned wealth management and tax advisory firm serving individuals, families, and business owners across 21 states from Wheaton, Illinois and Sunny Isles Beach, Florida offices.

Ownership category

akta.pro rank

Headquarters

HQ city

Wheaton

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Wealth Management / Advisory Services: Investment management and financial planning services, with fees likely based on assets under management (AUM). Many offerings require fiduciary standard of care.
2. Tax Preparation and Advisory: Tax services including preparation, planning, and advisory. Individual tax return services and ongoing tax guidance.
3. Securities Brokerage: Securities and advisory services offered through Cetera Financial Specialists LLC, member FINRA/SIPC. Registered Representatives offer brokerage services with transaction-based compensation (commissions).

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

DeFilippis Financial Group LLC provides customized wealth management, investment management, and tax preparation/planning services primarily to individuals and families, with a separate Business Solutions offering for business owners. Services integrate tax expertise with investment and retirement strategies to optimize after-tax returns, and many offerings are delivered under a fiduciary standard of care. Securities and advisory services are offered through an affiliation with Cetera Financial Specialists LLC and Cetera Investment Advisers LLC.

Product overview

DeFilippis Financial Group® LLC is a wealth management and tax services firm founded in 1987, offering an integrated suite of financial services centered on Wealth Management and Tax Services. The core offering combines customized wealth management strategies for individuals and families with integrated tax planning to optimize after-tax returns. Additional products include Business Solutions, access to client portals (AdviceWorks and SmartVault), a financial calculators library, tax alert newsletters, and Cetera research publications. The firm serves clients across 21 states from offices in Wheaton, Illinois and Sunny Isles Beach, Florida.

Differentiator

Problem solved

Functional benefit

Products and services

• Individual & Family Wealth Management

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Cetera Financial Specialists LLCcoreChannel Partner/ Reseller/ DistributorSecurities and advisory services broker-dealer affiliated since 1987. Member FINRA/SIPC. Provides regulatory infrastructure, compliance support, and brokerage platform for the firm's investment and advisory services.
• Cetera Investment Advisers LLCcoreChannel Partner/ Reseller/ DistributorInvestment advisory services affiliate providing the RIA platform for the firm's fiduciary wealth management offerings.
• SIFMA FoundationminorStrategic or Co-development PartnerStephen DeFilippis volunteers time for the SIFMA Foundation's Stock Market Game program, teaching financial literacy to middle school students. Community engagement and financial education outreach.

Scale indicators3 records

Recent moves9 records

Expansion highlights4 records

Broad incumbents

• Fidelity Advisor: Custody and wealth platform for independent advisors — directly comparable institutional relationship for RIAs of DeFilippis's profile, also listed by the firm as a partner resource.
• LPL Financial: Largest independent broker-dealer in the U.S., hosting thousands of independent RIAs and advisors offering wealth management to individuals — directly comparable as an alternative platform for an independent advisory practice of DeFilippis's size and structure.
• Edward Jones: Large national broker-dealer with an individually-focused advisor model serving individuals and families in branch offices — directly comparable to DeFilippis in customer segment (mass-affluent and HNW individuals) and personal-relationship distribution model, though materially larger scale.
• Cetera Financial Group: Broker-dealer and RIA platform through which DeFilippis delivers brokerage and advisory services; comparable as the host institution providing regulatory infrastructure, though Cetera operates at vastly greater scale.
• Raymond James Financial: Diversified broker-dealer and RIA platform with independent advisors delivering wealth management and financial planning — comparable in offering individual-advisor fiduciary wealth management, with similar Cetera-class broker-dealer relationships.
• Ameriprise Financial: Diversified financial services firm with a large advisor force offering wealth management, retirement planning, and tax-related advisory to individuals — overlapping service mix and fiduciary positioning, though at national scale versus DeFilippis's local practice.
• Charles Schwab Advisor Services: Custody and brokerage platform serving independent RIAs including DeFilippis (Schwab is a listed resource partner); comparable as the institutional plumbing for similar wealth-management practices.

Emerging players

• Creative Planning: Large RIA offering wealth management, tax planning, and estate services to HNW individuals — directly comparable for its tax-integrated wealth offering (Creative Planning owns a tax practice) and its HNW individual focus, and a logical acquirer for similar small practices.
• Hightower Advisors: Fast-growing RIA consolidator built by aggregating small to mid-sized advisory practices; directly relevant as a potential acquirer / partner for a family-owned practice seeking scale, succession solutions, or exit optionality.
• Mariner Wealth Advisors: National RIA consolidator offering integrated wealth management, tax, and estate services to HNW individuals — comparable in its tax-integrated service model and its strategy of acquiring independent practices for scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/defilippisfncl
• Facebookfacebook.com/DeFilippisFinancialGroup
• LinkedInlinkedin.com/company/defilippis-financial-group

Compliance2 records

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&A

Investments

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

Frequently asked questions about DeFilippis Financial Group