Lignum Wealth Management
Lignum Wealth Management is an independent, privately held RIA founded in 2013 in Wakefield, MA, providing comprehensive financial planning and wealth management to individuals, families, and business owners in the Northeast US, supported by a four-advisor team affiliated with Commonwealth Financial Network.
- Company typePrivate
- Founded2013
- HeadquartersWakefield, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Lignum Wealth Management does
Lignum Wealth Management is an independent, privately held Registered Investment Adviser and broker/dealer representative founded in 2013 and headquartered in Wakefield, Massachusetts. The firm delivers comprehensive financial planning and wealth management services to individuals, families, and business owners in the Northeast United States, organized around a #PlanToAchieve framework spanning Family, Occupation, Recreation, and Money. Its service lines include Accumulation (Asset Management), Retirement Income Planning, Risk Management, Taxation, Business Planning, and Estate Planning, offered through a coordinated, personalized advisory model rather than as discrete product modules. The firm reports no proprietary technology platform; client account access, portfolio reporting, and back-office processing run through Commonwealth Financial Network's integrated Investor360 web platform, with clearing and custody handled by National Financial Services LLC (a Fidelity Investments subsidiary).
The business model is built on three revenue streams: recurring investment advisory fees tied to assets under management and financial planning engagements, transaction-based commissions on securities executed through Commonwealth, and commissions on fixed insurance products placed for clients. Pricing is not publicly disclosed; prospective clients are routed to a complimentary initial consultation via the website contact form, phone (781.334.8100), or in-person at the Wakefield office. The firm has four named professionals (Michael Krisko, Christopher Wakeman, Mark Felt, and Nathan O'Loughlin), all of whom migrated from Ameriprise Financial Services, and operates without disclosed headcount expansion, M&A activity, funding rounds, or geographic extension since inception.
Lignum Wealth Management firmographics
Firmographics- Name
- Lignum Wealth Management
- Legal name
- Lignum Wealth Management
- Website
- https://lignumwm.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Lignum Wealth Management is an independent, privately held RIA founded in 2013 in Wakefield, MA, providing comprehensive financial planning and wealth management to individuals, families, and business owners in the Northeast US, supported by a four-advisor team affiliated with Commonwealth Financial Network.
- Ownership category
- akta.pro rank
Lignum Wealth Management industry classification
Industry- Product category
- Wealth Management
- NAICS
- Portfolio Management and Investment Advice (523940), Trusts, Estates, and Agency Accounts (52592)
- SIC
- Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Registered Investment Advisor (RIA) Wealth Management (FSAEABAA)
- akta.pro secondary industries
- Discretionary Portfolio Management (Retail) (FSAAAAAH), Retirement & Distribution Planning RIAs (401(k)/IRA/Pension Rollovers) (FSAAACAE)
Keywords
Where Lignum Wealth Management is headquartered
LocationHeadquarters
- HQ city
- Wakefield
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Lignum Wealth Management business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Investment Advisory Fees: Lignum Wealth Management provides investment advisory services, charging fees for financial planning, asset allocation recommendations, and portfolio management. As an independent RIA-broker/dealer affiliated with Commonwealth Financial Network, fees may be assessed as a percentage of assets under management (AUM) or as flat fees for financial consultations.
- Securities Transaction Commissions: Through Commonwealth Financial Network's broker/dealer infrastructure, the firm executes transactions in stocks, bonds, mutual funds, ETFs, and other securities on behalf of clients, earning commissions on each trade.
- Insurance Product Commissions: Fixed insurance products and services are offered through Commonwealth; the firm earns commissions on insurance products placed for clients, including life insurance, long-term care, and other risk management products.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Initial consultation - complimentary |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Lignum Wealth Management product offering
Product offeringCore offering
Lignum Wealth Management is an independent Registered Investment Adviser and broker/dealer affiliated with Commonwealth Financial Network that delivers personalized, goals-based financial planning and investment advisory services. The firm offers a coordinated suite of services including asset accumulation/management, retirement income planning, risk management, taxation, business planning, and estate planning for individuals, families, and business owners. Services are delivered through face-to-face consultations, phone, email, and Commonwealth's integrated web-based platform (Investor360).
Product overview
Lignum Wealth Management is an independent wealth management firm offering comprehensive financial advisory services. The firm provides a coordinated suite of financial planning services including Accumulation (Asset Management), Retirement Income Planning, Risk Management, Taxation, Business Planning, and Estate Planning. These services are delivered through a personalized, client-centric approach as a unified advisory practice rather than as distinct software products or modules.
Differentiator
Problem solved
Functional benefit
Products and services
- Retirement Income Planning Goals-based retirement income planning service that helps clients transition from accumulation to income distribution, integrating Social Security, pensions, and portfolio withdrawals. Targeted at individuals and families approaching or in retirement.
- Asset Management (Accumulation) Investment advisory and portfolio management service that develops asset allocation strategies, constructs portfolios from a wide universe of investment options (stocks, bonds, mutual funds, ETFs, alternatives, managed accounts), and provides ongoing monitoring and rebalancing. For individuals, families, and business owners building wealth.
- Risk Management Insurance and risk management advisory service that helps clients identify and address exposures to loss through life insurance, long-term care, and other risk management products. Fixed insurance products offered through Commonwealth. For individuals, families, and business owners seeking protection solutions.
- Taxation Planning Tax planning and coordination service that integrates investment, retirement, and estate strategies to improve tax efficiency for clients. For individuals, families, and business owners seeking tax-aware financial planning.
- Business Planning Business planning service for business owners covering executive compensation, succession planning, business risk management, and integration of personal and business financial plans. For owners and executives for whom the business is the most significant asset.
- Estate Planning Estate planning service that coordinates wealth transfer, beneficiary planning, and legacy strategies with clients' investment and tax plans. For individuals and families seeking to preserve and transfer wealth across generations.
- Financial Consultation Complimentary initial conversation offered to prospective clients to assess background and requirements, with subsequent personalized financial planning engagements. For individuals and families evaluating advisory relationships.
Quantifiable outcome
- Commonwealth's Preferred Portfolio Services (PPS) Select program provides model portfolios with asset allocation, security selection, and ongoing portfolio monitoring.
Companies that use Lignum Wealth Management
Customer profileSegments2 records
Ideal customer profiles2 records
Lignum Wealth Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Lignum Wealth Management partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Commonwealth Financial NetworkcoreLignum Wealth Management is affiliated with Commonwealth Financial Network, a Registered Investment Adviser–broker/dealer (SEC/FINRA registered) that processes transactions, provides integrated technology platforms, institutional research, and back-office support for independent advisors. As of December 31, 2024, Commonwealth oversees $344 billion in total account assets and supports more than 2,000 affiliated financial professionals. The partnership enables Lignum to offer objective, best-interest advice with access to a wide universe of investment options including stocks, bonds, mutual funds, ETFs, alternatives, managed accounts, and retirement plans.
- National Financial Services LLC (NFS)coreNational Financial Services LLC (NFS), a subsidiary of Fidelity Investments, provides clearing, custody, and other brokerage services to Commonwealth Financial Network. NFS is an industry leader providing statement production, trade execution, comprehensive tax reporting (1099s), asset management accounts, retirement program options (IRAs, SEP IRAs, SIMPLE IRAs, Roth IRAs, profit-sharing plans), and excess of SIPC coverage up to $1 billion aggregate. Lignum clients benefit from NFS's institutional-grade custodial infrastructure as part of their Commonwealth affiliation.
Scale indicators3 records
Recent moves4 records
Expansion highlights2 records
Lignum Wealth Management competitors and assessment
Company assessmentDirect peers
- Buckingham Strategic Wealth: Independent RIA delivering goals-based financial planning and evidence-based portfolio management to individuals and families. Directly comparable in advisor-driven, fee-based wealth-management model with similar client-acquisition patterns.
- Carson Wealth: Mid-size independent RIA built by breakaway advisors offering comprehensive wealth management. Highly comparable as a multi-advisor independent practice targeting individuals and business owners with holistic planning services.
- Sanctuary Wealth: Partnership platform for breakaway advisors building independent wealth management practices. Comparable as an independent-RIAs-affiliated model serving high-net-worth individuals with comprehensive planning.
- Sequoia Financial Group: Independent wealth advisory firm providing comprehensive financial planning, investment management, and tax services. Directly comparable as a mid-size independent RIA serving individuals and business owners with multi-discipline offerings.
Broad incumbents
- Focus Financial Partners: RIA rollup/aggregator partnering with independent wealth management firms. Comparable as an alternative partnership-and-scaling model for breakaway advisors and as a structural consolidator in the independent-RIA segment Lignum operates in.
- Edelman Financial Engines: Large independent RIA combining advisor-led and digital/direct-to-consumer wealth management. Comparable end-clients and planning-services breadth, with substantially greater scale and a hybrid digital-advisor model Lignum could be benchmarked against.
- Commonwealth Financial Network: The Registered Investment Adviser–broker/dealer that Lignum is affiliated with, processing transactions, providing technology (Investor360), research, and back-office support. Comparable as the umbrella platform for ~2,000 affiliated advisors and a core part of Lignum's operating model.
- Mariner Wealth Advisors: Large independent RIA offering comprehensive wealth advisory, tax, estate, and retirement planning. Comparable business model and service breadth, though at materially greater scale than Lignum.
- Creative Planning: Large independent RIA delivering holistic financial planning, investment management, and tax services to individuals and business owners. Comparable in service breadth and target client segments, though operating at significantly larger AUM scale.
- LPL Financial: Largest independent broker-dealer supporting ~22,000+ advisors with custody, technology, and compliance infrastructure. Comparable as an independent-advisor platform competitor to Commonwealth, against which Lignum's affiliated model is benchmarked.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
Lignum Wealth Management social profiles
Digital presenceLignum Wealth Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lignum Wealth Management leadership team
Management profileNumber of profiles
Profiles4 records
Lignum Wealth Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lignum Wealth Management 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 Lignum Wealth Management
What does Lignum Wealth Management do?
Lignum Wealth Management is an independent Registered Investment Adviser and broker/dealer affiliated with Commonwealth Financial Network that delivers personalized, goals-based financial planning and investment advisory services. The firm offers a coordinated suite of services including asset accumulation/management, retirement income planning, risk management, taxation, business planning, and estate planning for individuals, families, and business owners. Services are delivered through face-to-face consultations, phone, email, and Commonwealth's integrated web-based platform (Investor360).
Is Lignum Wealth Management a public or private company?
Lignum Wealth Management is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Lignum Wealth Management founded?
Lignum Wealth Management was founded in 2013. It employs 1 to 10 people.
Where is Lignum Wealth Management based?
Lignum Wealth Management is headquartered in Wakefield, United States, in the North America region.
How does Lignum Wealth Management make money?
Three revenue lines are on record. Investment Advisory Fees are the primary driver. The others are securities Transaction Commissions and insurance Product Commissions.
Who are Lignum Wealth Management's main competitors?
Direct peers on record are Buckingham Strategic Wealth, Carson Wealth, Sanctuary Wealth and Sequoia Financial Group. Broad incumbents are Focus Financial Partners, Edelman Financial Engines, Commonwealth Financial Network, Mariner Wealth Advisors, Creative Planning and LPL Financial.
Does Lignum Wealth Management have an API?
No public API is recorded for Lignum Wealth Management.
What industry is Lignum Wealth Management in?
Lignum Wealth Management's product category is Wealth Management. Its primary akta.pro industry code is FSAEABAA, Registered Investment Advisor (RIA) Wealth Management, with a secondary code of FSAAAAAH, Discretionary Portfolio Management (Retail). Its NAICS code is 523940 and its SIC code is 6282.