Hazard & Siegel

What Hazard & Siegel does

Hazard & Siegel is a private financial services firm headquartered in Syracuse, New York, operating since 1967 as one of the oldest independent broker-dealers in Central New York. Through three affiliated legal entities — Hazard & Siegel, Inc. (FINRA/SIPC member broker-dealer), Hazard & Siegel Advisory Services LLC (SEC Registered Investment Advisor), and Hazard & Siegel Agency LLC (insurance agency) — the firm delivers securities, investment advisory, and insurance products to a network of independent financial professionals who in turn serve individual investors and small/mid-sized businesses across 40 U.S. states.

The firm's underlying technology stack is built primarily on third-party vendor platforms rather than proprietary systems. Its core operational system is the Equisoft cloud-based CRM (migrated from Grendel in June 2022), which provides client data storage, automated workflows, customizable reporting, and integrated marketing tools. Supporting infrastructure includes LaserApp for forms and setup, DST Systems and Advisor Central as geographically redundant data clearinghouses for business continuity, and a TradingView widget for market quotes on the public website. A Rep Portal (launched mid-2022) provides marketing and practice-management resources to independent representatives.

The business model is hybrid and broker-distributed. Hazard & Siegel recruits independent financial professionals who want to build their own practices and offers them compliance support, non-proprietary product access (mutual funds, REITs, BDCs, annuities, life insurance, managed accounts, alternatives), and back-office tools. Revenue is generated through transaction commissions on broker-dealer securities sales, recurring fees on RIA-managed accounts, and commissions on insurance products, with end clients choosing between fee-based advisory and commission-based securities structures. The firm also operates an affiliated third-party administrator, Omega Inc., servicing approximately 700 retirement-plan clients with over $500 million in plan deposits, and partners with Alex S. Joseph Associates for insurance product expertise.

Name

Hazard & Siegel

Legal name

Hazard & Siegel, Inc.

Website

https://hazardsiegel.com

Company type

Private

Founded year

1967

Operating status

Operating

Headcount range

11–50 employees

Short description

Hazard & Siegel is a Syracuse-based independent broker-dealer and SEC-registered investment advisor founded in 1967, providing securities, advisory, and insurance products and back-office support to a network of independent financial professionals serving individual and small-business clients across 40 U.S. states.

Ownership category

akta.pro rank

Product category

Independent Broker-Dealer & RIA Services

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Investment Advice (6282), Insurance Agents, Brokers & Service (6411), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Insurance-Integrated Wealth Managers (RIA + Insurance Solutions) (FSAAACAI)

Keywords

• Broker-dealer services
• Investment advisory services
• Retirement planning
• Wealth management
• Insurance products

Headquarters

HQ city

Syracuse

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Broker-Dealer Transaction Fees: Traditional pay-per-transaction securities business offering mutual funds, REITs, BDCs, annuities, and life insurance products. Revenue generated from commissions on securities transactions and product sales.
2. Investment Advisory Fees: Registered Investment Advisor (RIA) services providing retirement and wealth management counseling through fee-based accounts. Revenue generated from fees on managed investment portfolios including individual, joint, trust, and qualified accounts.
3. Insurance Products: Annuities, life insurance, disability income, and long-term care products offered through Hazard & Siegel Agency LLC. Revenue from insurance product sales and commissions.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Hazard & Siegel is an independent broker-dealer and Registered Investment Advisor that recruits independent financial professionals to build their own practices, providing them with non-proprietary product access (mutual funds, managed accounts, REITs, BDCs, alternative products, annuities, life insurance), compliance and supervisory support, cloud-based CRM technology, and marketing tools. End clients reached through this network receive retirement planning, wealth management, and insurance solutions via fee-based advisory accounts or commission-based securities transactions, with affiliated insurance and third-party plan administration capabilities.

Product overview

Hazard & Siegel is a financial services firm operating as a broker-dealer (Hazard & Siegel Inc.), registered investment advisor (Hazard & Siegel Advisory Services LLC), and insurance agency (Hazard & Siegel Agency LLC). The firm offers non-proprietary products including mutual funds, managed accounts, alternative products, annuities, and life insurance. Its ecosystem includes strategic partners Omega Inc. (third-party retirement plan administration) and Alex S. Joseph Associates (insurance products). Services span retirement planning, wealth management, insurance solutions, estate planning, and education planning. The firm also provides a cloud-based CRM platform for financial professionals through Equisoft, with access to marketing resources and a representative portal.

Differentiator

Problem solved

Functional benefit

Products and services

• Hazard & Siegel, Inc. (Broker-Dealer) Independent broker-dealer offering non-proprietary securities — mutual funds, REITs, BDCs, annuities, and life insurance — on a commission basis through a network of independent financial professionals across 40 U.S. States.
• Hazard & Siegel Advisory Services LLC (Registered Investment Advisor) SEC Registered Investment Advisor providing fee-based retirement and wealth management counseling with managed portfolios across individual, joint, trust, and qualified accounts on a fiduciary basis.
• Hazard & Siegel Agency LLC (Insurance Agency) Insurance products subsidiary distributing fixed and variable annuities, life insurance, disability income, and long-term care coverage to individual and business clients through multiple carriers.
• Retirement Planning Services Comprehensive retirement planning covering both accumulation and distribution phases, including 401(k), IRA, SEP, SIMPLE plans, and retirement income strategies for individuals across life stages.
• Wealth Management Services Personalized wealth management that combines investment and insurance solutions to help clients build, preserve, and manage wealth toward financial security and independence.
• Insurance Solutions Personal and business protection solutions including life insurance, disability insurance, and long-term care insurance products integrated into clients' financial plans.
• Wealth Transfer Services Estate planning and wealth transfer strategies designed to create legacies, protect assets, and ensure assets are distributed according to clients' wishes.
• Education Planning College expense planning including in-state vs. out-of-state tuition options, financial aid consideration, and 529 plan strategies for families.
• Business Retirement Plans Design and administration of qualified retirement plans for small and medium-sized businesses, including 401(k), SEP, SIMPLE, profit-sharing, defined benefit, cash balance, age-weighted, new comparability, money purchase, and 403(b) plans, plus key person insurance, buy/sell solutions, and disability insurance.

Quantifiable outcome

• Fee and commission structure flexibility allows clients to choose between fee-based or commission-based services depending on their plan and comfort level.

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• Omega, Inc.coreStrategic or Co-development Partner · 1 January 1984Omega, Inc. is an independent, qualified plan design and third-party administration (TPA) firm located in DeWitt, New York. Founded in 1984, Omega is the oldest independent TPA in Central New York specializing in design and service of pension, profit-sharing, and 401(k) plans for small and medium-sized businesses. Services include 401(k), profit sharing, defined benefit, cash balance, age-weighted, new comparability, money purchase, and 403(b) plans. Currently services approximately 700 clients and handles over $500 million in Plan deposits.
• Alex S. Joseph Associates, Inc.coreTechnology or IntegrationAlex S. Joseph Associates, Inc. provides insurance product expertise with over 50 years of combined experience. The firm offers dozens of vendors and hundreds of products including competitive life insurance, annuity, disability income, and related products. The Syracuse-based service team assists with product selection, underwriting, placement, and compensation for Hazard & Siegel Agency.
• EquisoftcoreTechnology or IntegrationEquisoft is a Canadian-based CRM and technology platform that replaced the Grendel system in May 2022. The platform provides cloud-based CRM capabilities, electronic application systems, and integrated marketing tools for financial professionals. Hazard & Siegel negotiated no price increase and extended the contract with Equisoft for their technology services.

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Market position

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/hazardsiegel

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

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 Hazard & Siegel