Financial Management Strategies

What Financial Management Strategies does

Financial Management Strategies provide asset allocation and investment planning, risk management and insurance, employee benefit plans, individual insurance, and tax planning. They include social security benefit claiming strategies and medicare healthcare options. They respond to customer inquiries by phone and email.

Name

Financial Management Strategies

Legal name

Financial Management Strategies, Inc.

Website

https://www.fmstrategies.biz

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Financial Management Strategies is an investment advisory firm that offers financial planning and asset management services.

Ownership category

akta.pro rank

Product category

Wealth Management and Investment Advisory Services

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Comprehensive Financial Planning (FSAEAAAA)

Keywords

• Investment advisory services
• Wealth management
• Financial planning
• Asset management
• Retirement plan fiduciary services

Headquarters

HQ city

Broadview Heights

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Asset Management (AUM-based): Advisory fees for investment account management and retirement plan services are typically based on a percentage of assets under management. The firm acts as a fiduciary making impartial investment decisions based on each client's risk profile and investment objectives.
2. Financial Planning and Consulting: Fees for financial planning and consulting services based on scope of work, offered as one-time or ongoing arrangements, either as fixed fee or hourly rate. Specific fees outlined in Financial Planning/Consulting Agreement.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Financial Management Strategies is an SEC-registered investment advisory firm that provides fee-based financial planning, asset management, and retirement plan fiduciary services. The firm designs and manages personalized investment portfolios for individuals, families, business owners, and institutional clients, and acts as a 3(21) or 3(38) fiduciary advisor for employer-sponsored retirement plans.

Product overview

Financial Management Strategies (FMS) is a SEC-registered investment advisory firm offering comprehensive wealth management services. The core offering combines Financial Planning, Asset Management, and Retirement Plan Fiduciary Services. Financial Planning provides holistic planning covering investments, insurance, estate, and tax strategies. Asset Management delivers portfolio management through seven distinct Managed Portfolios aligned to client risk profiles. Retirement Plan services provide ERISA-compliant fiduciary advisory for employer-sponsored plans. These services are supported by affiliated companies Vision Wealth Management (insurance and investment products via Clear Vision Plan) and Plancorp (employee benefits and Medicare coverage), with client access through the AdviceWorks digital portal.

Differentiator

Problem solved

Functional benefit

Products and services

• Financial Planning
• Asset Management
• Retirement Plan Fiduciary Services
• AdviceWorks Client Portal

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered core.

• Vision Wealth Management, LLCcoreStrategic or Co-development PartnerVision Wealth Management, LLC is an affiliated financial services company. Financial Management Strategies, Inc. (FMS) is wholly owned by a group of its affiliated Investment Advisers. Associates serve as central resource to help clients create, grow, organize, and protect wealth through ongoing professional, personal, and proactive relationships.
• Cetera Wealth Services LLCcoreChannel Partner/ Reseller/ DistributorCetera Wealth Services LLC is a registered broker-dealer and member FINRA/SIPC. Part of Cetera Financial Group, one of the nation's largest families of broker-dealers and registered investment advisers. Provides market research, investment products, compliance oversight, and client service platforms. Does not manufacture or sell proprietary investment products.
• Pershing LLCcoreTechnology or IntegrationPershing LLC is a subsidiary of The Bank of New York Mellon Corporation. Serves as custodian holding assets in brokerage accounts for Cetera Wealth Services LLC and many other broker-dealers worldwide. Provides account-related administrative services including settlement of trades, tax and account record keeping, online account access, monthly statements, and data integration.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Direct peers

• Vision Wealth Management, LLC: Direct affiliate of FMS—operates as an affiliated financial services company under shared leadership (Jeffrey C. Knox), offering complementary insurance and investment services to overlapping clients. Functions as an extension of FMS's wealth management offering rather than an outside competitor.

Broad incumbents

• Cetera Investment Advisers: Cetera's RIA entity—part of the same parent (Cetera Financial Group) that hosts FMS's broker-dealer relationship. Provides identical investment advisory platform to hundreds of independent RIAs; FMS uses Cetera as its BD/CIO infrastructure, making Cetera both infrastructure partner and broad incumbent in the same product category.
• Edelman Financial Engines: One of the largest US independent RIAs, focused on mass-affluent and HNW clients with comprehensive financial planning and asset management—directly overlapping FMS's wealth management, financial planning, and retirement advisory services across individuals and employer plans.
• Mariner Wealth Advisors: Large national RIA delivering comprehensive wealth planning, investment management, retirement plan services, tax and estate planning to HNW individuals and families. Operates at a much larger scale but mirrors FMS's full-stack financial advisory offering.
• Commonwealth Financial Network: Large independent broker-dealer and RIA supporting independent financial advisors with comprehensive wealth management platforms; similar structure to the Cetera/FMS arrangement and directly comparable in scale and advisor support model.
• Fisher Investments: Large independent investment management firm providing discretionary portfolio management to high-net-worth and institutional investors. Comparable to FMS's asset management line but scaled globally with proprietary investment strategies.
• Mercer Advisors: Nationally registered RIA acquired rapidly via advisor practice roll-ups; offers comprehensive financial planning and investment management to HNW clients. Comparable to FMS in services offered but uses an aggressive M&A-led growth model.
• Northwestern Mutual Wealth Management: Large wealth management and insurance provider combining investment advisory, retirement, and insurance planning to individuals and business owners. Comparable to FMS's integrated financial planning, retirement, and insurance (Plancorp) offering.
• Schwab Wealth Advisory: Charles Schwab's advisory solution for clients seeking managed portfolios; competes with FMS's discretionary asset management line and pressures fee structures across the wealth management industry.

Emerging players

• Personal Capital (now Empower Personal Dashboard): Digital-first wealth management platform combining personal finance tools, financial planning, and investment advisory services. Represents the technology-led emerging competition that challenges traditional advisory firms like FMS on price, accessibility, and aggregation features.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/financial-management-strategies-inc-

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 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 Financial Management Strategies