Independence Financial Consultants
Independence Financial Consultants is a privately held Philadelphia-based financial advisory firm founded in 2010, providing comprehensive financial planning, investment management, and insurance services to small business owners, executives, and professionals via the LPL Financial platform.
- Company typePrivate
- Founded2010
- HeadquartersPhiladelphia, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Independence Financial Consultants does
Independence Financial Consultants is a privately held financial advisory firm headquartered in Philadelphia, Pennsylvania, founded in 2010. The firm provides comprehensive financial planning, investment management, and insurance planning services to three target segments: small business owners, executives, and other career-minded professionals. Service scope spans personal planning (cash flow, debt management, tax, accumulation, protection, retirement, estate), small-business planning (employer/employee benefits, entity choice, succession), and investment products including advisory accounts, brokerage accounts, retirement plans, IRAs, alternative investments, annuities, mutual funds, stocks, fixed income, and unit investment trusts.
The firm operates on the LPL Financial broker-dealer and RIA platform, accessing WealthVision collaborative planning software, smarshEncrypt secure email, eSignature document handling, and LPL Account View for client-facing operations. Internal technology stack is supplemented by OnceHub scheduling and Zoom-based webinars. Distribution is direct and consultative: an initial phone consultation, in-person meeting within approximately two weeks, plan development over weeks four to six, and ongoing quarterly or semi-annual reviews.
Revenue is generated through two streams: percentage-of-AUM fees on fiduciary advisory accounts and transaction-based commissions on brokerage accounts. The firm maintains a referral network of CPAs, attorneys, insurance, mortgage, real estate, and marketing professionals to coordinate holistic advice. Marketing is conducted via content marketing (articles, calculators, glossary), organic social (Facebook, LinkedIn, YouTube), and educational webinars. The firm has two named personnel — Kenneth M. Segal as President and lead advisor, and Laurie Segal as Administrator — and is sized at 1–10 employees with no disclosed institutional investors, parent company, or M&A activity.
Independence Financial Consultants firmographics
Firmographics- Name
- Independence Financial Consultants
- Legal name
- Independence Financial Consultants
- Website
- https://independenceconsult.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Independence Financial Consultants is a privately held Philadelphia-based financial advisory firm founded in 2010, providing comprehensive financial planning, investment management, and insurance services to small business owners, executives, and professionals via the LPL Financial platform.
- Ownership category
- akta.pro rank
Independence Financial Consultants industry classification
Industry- Product category
- Financial Advisory Services
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Comprehensive Financial Planning (FSAEAAAA)
- akta.pro secondary industries
- Financial Planning–Led RIAs (FSAAACAB), Fee-Based Advisory (FSAEAAAM)
Keywords
Where Independence Financial Consultants is headquartered
LocationHeadquarters
- HQ city
- Philadelphia
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Independence Financial Consultants business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Advisory Services: Fees based on percentage of assets under management (AUM) for advisory accounts. Fiduciary obligation to client required.
- Brokerage Services: Commission-based fees paid on a transaction-by-transaction basis for brokerage accounts. Suitability requirement to client.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Advisory Account - Fiduciary service with ongoing advice |
| Transaction based/ take rate | Pay-as-you-go | Brokerage Account - Transaction-based service |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
Independence Financial Consultants product offering
Product offeringCore offering
Independence Financial Consultants provides personalized comprehensive financial planning that integrates personal planning (cash flow, debt management, tax, accumulation, protection, retirement, estate) with small business planning (employer/employee benefits, entity choice, business succession). The firm delivers investment management through both advisory (fiduciary, AUM-based fee) and brokerage (transaction-based commission) accounts, offering access to alternative investments, annuities, fixed income, mutual funds, stocks, and unit investment trusts, alongside insurance solutions covering life, disability, long-term care, and structured settlements. Advice is coordinated with each client's existing professional advisors (CPAs, attorneys) to deliver unified financial strategies.
Product overview
Independence Financial Consultants is a financial advisory firm offering a comprehensive suite of financial planning services centered around three core offerings: Comprehensive Financial Planning (personal and small business), Investment Management, and Insurance Planning. The firm differentiates itself through integrated planning that coordinates advice with clients' professional advisors (CPAs, attorneys). Supporting their core services, they provide client-facing digital tools including financial calculators, a glossary with over 200 financial terms, and tax resources. The firm also utilizes client software platforms including WealthVision for collaborative financial planning, smarshEncrypt for secure email, eSignature for document signing, and LPL Account View for account management. Investment products include both advisory (fiduciary, ongoing advice, AUM-based fees) and brokerage (suitability-based, transaction-based, commission-based) account structures with access to alternative investments, annuities, mutual funds, stocks, and fixed income products.
Differentiator
Problem solved
Functional benefit
Products and services
- Comprehensive Financial Planning Full-service financial planning covering personal planning (cash flow, debt management, tax, accumulation, protection, retirement, estate) and small business planning (employer/employee benefits, entity choice, business succession), integrating both into unified financial strategies. Designed for individuals, small business owners, executives, and other professionals.
- Investment Management
- Insurance Planning
Companies that use Independence Financial Consultants
Customer profileSegments3 records
Ideal customer profiles3 records
Independence Financial Consultants technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature1 record
Independence Financial Consultants partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core and minor.
- LPL FinancialcoreLPL Financial is the enabling partner providing the broker-dealer and RIA infrastructure. They are the largest independent broker/dealer in the nation, offering technology, comprehensive clearing and compliance services, practice management programs and training, and independent research.
- Robert A. Cornaglia, CPAminorCertified Public Accountant referred as professional courtesy to clients needing accounting services.
- Robert Winthrop, CPAminorCertified Public Accountant referred as professional courtesy to clients needing accounting services.
- Alan Nochumson, AttorneyminorAttorney referral for estate planning and legal services.
- Howard Soloman, AttorneyminorAttorney referral for legal services.
- Brian J. Discount, AttorneyminorAttorney referral for legal services.
- Sean DelaneyminorProperty/Casualty Insurance partner referred to clients.
- Steven Dalia, Mortgage BrokerminorMortgage broker referral for real estate financing needs.
- Christopher Somers, Real EstateminorReal estate agent referral for property transactions.
- Jeffrey J. BushminorAdvertising and marketing consultant referral.
- Brendan Ryan, Real EstateminorReal estate agent referral for property transactions.
- Stephen A. Litzenberger, CPAminorCertified Public Accountant referral for accounting services.
Scale indicators2 records
Recent moves5 records
Expansion highlights4 records
Independence Financial Consultants competitors and assessment
Company assessmentDirect peers
- Commonwealth Financial Network: Independent broker-dealer and RIA support platform serving independent advisors with similar custody, compliance, and practice management infrastructure. Highly comparable as an alternative 'home' platform for Independence-style practices.
- Cetera Financial Group: Independent broker-dealer network supporting independent financial advisors with similar AUM and commission-based advisory revenue models. Directly comparable in serving solo/boutique advisory practices.
- Carson Group: Independent advisor support platform offering coaching, technology, and back-office services to financial advisors. Comparable as an alternative enabling platform for the same advisor archetype.
- Raymond James Financial Services: Independent contractor channel of Raymond James supporting independent advisor practices with brokerage and advisory infrastructure. Direct overlap in serving independent financial advisors with face-to-face practices.
Others
- LPL Financial: The core enabling platform providing Independence's broker-dealer, RIA, custody, and technology infrastructure. Listed as Independence's only 'Core' strategic partner. More an enabler than a competitor, but its broad advisor channel overlaps with Independence's positioning.
- Charles Schwab Advisor Services: Custodian and RIA support platform serving independent advisors with custody, technology, and trading infrastructure. Functions as an enabler for the same advisor archetype and competes indirectly via Schwab's branded advisory offerings.
Broad incumbents
- Creative Planning: Large-scale independent RIA offering comprehensive financial planning to individuals and business owners. Comparable in product scope (planning + investment management), but operates at substantially greater scale with national reach.
- Mariner Wealth Advisors: Large independent RIA serving individuals, families, and business owners with integrated financial planning, investment management, and tax/estate services. Overlaps with Independence's comprehensive planning value proposition at much greater scale.
- Edelman Financial Engines: Large independent financial planning and investment management firm serving individual and SMB clients nationwide. Provides the same planning-led advisory offering Independence does, but at significantly greater scale and brand reach.
Emerging players
- Facet Wealth: Digital-first financial planning firm targeting similar individuals and business owners with virtual CFP-led advice. Emerging competitor attacking the same persona-level planning niche Independence serves, but via a tech-led delivery model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Independence Financial Consultants social profiles
Digital presenceIndependence Financial Consultants financial estimates
Financial estimateRevenue estimate
Valuation estimate
Independence Financial Consultants leadership team
Management profileNumber of profiles
Profiles2 records
Independence Financial Consultants funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Independence Financial Consultants 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 Independence Financial Consultants
What does Independence Financial Consultants do?
Independence Financial Consultants provides personalized comprehensive financial planning that integrates personal planning (cash flow, debt management, tax, accumulation, protection, retirement, estate) with small business planning (employer/employee benefits, entity choice, business succession). The firm delivers investment management through both advisory (fiduciary, AUM-based fee) and brokerage (transaction-based commission) accounts, offering access to alternative investments, annuities, fixed income, mutual funds, stocks, and unit investment trusts, alongside insurance solutions covering life, disability, long-term care, and structured settlements. Advice is coordinated with each client's existing professional advisors (CPAs, attorneys) to deliver unified financial strategies.
Is Independence Financial Consultants a public or private company?
Independence Financial Consultants is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Independence Financial Consultants founded?
Independence Financial Consultants was founded in 2010. It employs 1 to 10 people.
Where is Independence Financial Consultants based?
Independence Financial Consultants is headquartered in Philadelphia, United States, in the North America region.
How does Independence Financial Consultants make money?
Two revenue lines are on record. Advisory Services are the primary driver. The others are brokerage Services.
Who are Independence Financial Consultants's main competitors?
Direct peers on record are Commonwealth Financial Network, Cetera Financial Group, Carson Group and Raymond James Financial Services. Others are LPL Financial and Charles Schwab Advisor Services. Broad incumbents are Creative Planning, Mariner Wealth Advisors and Edelman Financial Engines. Facet Wealth is listed as an emerging player.
Does Independence Financial Consultants have an API?
No public API is recorded for Independence Financial Consultants.
What industry is Independence Financial Consultants in?
Independence Financial Consultants's product category is Financial Advisory Services. Its primary akta.pro industry code is FSAEAAAA, Comprehensive Financial Planning, with a secondary code of FSAAACAB, Financial Planning–Led RIAs. Its NAICS code is 523940 and its SIC code is 6282.