What The Harrison Group does

The Harrison Group is an independent financial services organization founded in 1975 by Richard M. Harrison, CLU, ChFC, and headquartered at 425 Eagle Rock Avenue in Roseland, New Jersey. The firm delivers a comprehensive suite of advisory services across seven practice areas: Business Planning, Employee Benefit Programs, Estate Planning, Insurance Planning and Management, Investments and Financial Planning, Retirement Planning, and ongoing Client Service. Its underlying technology stack is conventional rather than proprietary, consisting of financial planning software, detailed asset allocation models, and monitoring/reporting tools used to organize client data into wealth-projection and distribution-to-heirs models. The firm has niche expertise in placing life insurance for individuals with health impairments, including diabetics and clients who have been declined elsewhere, leveraging underwriting depth built since 1960.

The Harrison Group generates revenue through two primary streams: commission-based income from insurance products (life insurance, long-term care insurance, annuities, and related lines) sourced from multiple highly rated carriers, and advisory fees from securities and investment advisory services delivered through channel partnerships with Kestra Investment Services, LLC (Kestra IS, member FINRA/SIPC) and Kestra Advisory Services, LLC (Kestra AS). The Harrison Group is not affiliated with Kestra IS or Kestra AS and operates as an independent advisor routing business through those platforms. Membership in the PartnersFinancial alliance of elite independent firms provides additional national capability, group buying power, and technical resources for complex cases. Distribution is direct-to-client through a referral-based model, with no public pricing disclosure and engagements structured on either fee-based or commission-based terms.

The firm's go-to-market is sales-led and referral-driven, targeting two primary customer segments: successful individuals and high-net-worth clients seeking estate, retirement, investment, and insurance planning, and business owners/companies seeking employee benefits, executive compensation, buy-sell arrangements, key person insurance, and business succession planning. A documented network of attorneys, accountants, business-valuation experts, P&C brokers, healthcare professionals, and retirement-plan administrators supports comprehensive planning engagements. The firm is privately held by its founder with no disclosed institutional investors, parent company, or external funding.

Name

The Harrison Group

Legal name

The Harrison Group

Website

https://theharrisongroup.com

Company type

Private

Founded year

1975

Operating status

Operating

Headcount range

1–10 employees

Short description

The Harrison Group is an independent financial services firm founded in 1975 in Roseland, NJ, providing insurance, investment, estate, retirement, and employee benefit planning to high-net-worth individuals and business owners, generating revenue through insurance commissions and Kestra IS/Kestra AS advisory fees.

Ownership category

akta.pro rank

Product category

Financial Advisory Services

SIC

Insurance Agents, Brokers & Service (6411), Investment Advice (6282)

akta.pro primary industry

Family Office Advisory (Single/Multi-Family) (FSAEAAAI)

Keywords

• Financial planning services
• Estate planning advisory
• Insurance planning management
• Retirement planning services
• Employee benefit programs

Headquarters

HQ city

Roseland

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Insurance Products and Planning: Commission-based revenue from life insurance, long-term care insurance, annuities, and other insurance products through partnerships with multiple insurance carriers
2. Securities and Investment Advisory: Securities offered through Kestra Investment Services (Kestra IS) and investment advisory services through Kestra Advisory Services (Kestra AS)

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

The Harrison Group is an independent financial services organization that delivers a personal and comprehensive approach to structuring and managing insurance and financial plans for businesses and successful individuals. Services span business planning, employee benefit programs, estate planning, insurance planning and management, investments and financial planning, retirement planning, and ongoing client service, supported by insurance carrier partnerships and securities/advisory arrangements through Kestra Investment Services and Kestra Advisory Services.

Product overview

The Harrison Group is an independent financial services organization that provides a comprehensive suite of advisory services rather than a single software product. Their offering consists of seven core service areas: Business Planning, Employee Benefit Programs, Estate Planning, Insurance Planning and Management, Investments & Financial Planning, Retirement Planning, and Client Service. These services are delivered through partnerships with insurance carriers and securities firms (Kestra Investment Services), and leverage the network of PartnersFinancial alliance. The firm specializes in serving successful individuals and businesses, focusing on life insurance restructuring, wealth transfer strategies, retirement planning, and estate planning. Services are not modular software products but rather professional advisory services combined with insurance product access.

Differentiator

Problem solved

Functional benefit

Products and services

• Business Planning Strategic business planning services for business owners, including buy-sell arrangements, key person insurance, executive benefit plans, deferred compensation plans, employee savings plans, employee stock-ownership plans (ESOP), business succession planning, and COLI/BOLI.
• Employee Benefit Programs Comprehensive employee benefit program design and management including medical/stop loss, dental, vision, life insurance, short and long-term disability, individual and group qualified long-term care, critical illness, voluntary benefits, international benefits, Section 125/Flexible Spending Accounts, Health Savings Accounts, and Cobra/HIPAA compliance.
• Estate Planning Estate preservation, estate cost analysis, charitable planning, gift planning, and wealth transfer strategies to ensure assets pass to beneficiaries at the right time with minimal tax burden.
• Insurance Planning and Management Comprehensive insurance advisory services covering life insurance, health insurance, disability insurance, long-term care insurance, annuity arbitrage, and premium financing for illiquid estates; specializes in acquiring life insurance for people with health impairments.
• Investments & Financial Planning Investment advisory services including investment services and planning (stocks, bonds, annuities, mutual funds), education funding, tax planning, detailed asset allocation models, monitoring and reporting technology, and Qualified Longevity Annuities (QLAC).
• Retirement Planning Retirement planning services including qualified pension, profit sharing, 401(k) and 412i plans, qualified plan rollovers, multi-generational IRA planning, retirement income planning, 72t IRA distributions, and non-qualified supplemental corporate plans.
• Client Service Ongoing client servicing including policy monitoring, beneficiary verification, document review, and carrier relationship management to ensure client expectations are met.
• Life Insurance Life insurance products including single life, second-to-die, term, permanent, variable, fixed-interest whole, and universal life insurance, with special programs for diabetics and individuals with health impairments.
• Long-Term Care Insurance Insurance coverage for long-term care needs due to accident, illness, or cognitive issues, protecting retirement assets from potential exhaustion.
• Annuities Tax-deferred accumulation products providing guaranteed income that cannot be outlived, offering downside protection with potential upside, particularly suitable for retirement income in after-tax accounts.
• Roth IRA Conversions Transition strategy from taxable to non-taxable retirement distributions, eliminating required minimum distributions and potentially benefiting from lower tax rates.

Quantifiable outcome

• Saved business client over $50,000 per year in premiums through insurance restructuring
• +2 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Five partnerships are on record, tiered core.

• PartnersFinancialcoreStrategic or Co-development PartnerAssociation of independent, elite financial firms providing national capability, great buying power, and technical expertise. Through this alliance, Harrison Group can favorably acquire life insurance for people with health impairments and access group technical expertise and services.
• Kestra Investment Services, LLC (Kestra IS)coreChannel Partner/ Reseller/ DistributorMember FINRA/SIPC. Securities offered through Kestra IS. The Harrison Group is not affiliated with Kestra IS. Registered Representatives may only conduct business with residents of states where properly registered.
• Kestra Advisory Services, LLC (Kestra AS)coreChannel Partner/ Reseller/ DistributorAffiliate of Kestra IS. Investment advisory services offered through Kestra AS. The Harrison Group is not affiliated with Kestra AS. Investment Advisor Representatives may only conduct business with residents of states where properly registered.
• Professional Advisory Network (Attorneys, Accountants, Business-Valuation Experts, P&C Brokers)coreImplementation/ SI/ Consulting PartnerNetwork of attorneys, accountants, business-valuation experts, property and casualty insurance brokers, health-care professionals and retirement-plan administrators. The firm works closely with these professional advisors as part of their comprehensive planning approach.
• Insurance CarrierscoreTechnology or IntegrationWorks with a large number of highly rated insurance carriers to select most appropriate products for clients, including individual investment-grade life insurance, annuities, and long-term care insurance products.

Scale indicators2 records

Recent moves4 records

Expansion highlights2 records

Broad incumbents

• MassMutual: Major mutual life insurance and financial services company offering life insurance, annuities, retirement plans, and wealth management. Overlapping product offerings with Harrison Group (life insurance, retirement, business planning) but operates as a large, vertically integrated incumbent.
• Northwestern Mutual: Large incumbent financial services company offering life insurance, wealth management, and retirement planning through a captive advisor network. Comparable product suite (life insurance, retirement, estate, business planning) but operates at vastly greater scale and with employed advisors.
• New York Life: Large mutual life insurance and financial services company providing life insurance, long-term care insurance, retirement planning, and wealth management. Directly comparable life insurance and estate planning offerings but at a vastly larger institutional scale.

Direct peers

• Cetera Financial Group: Independent broker-dealer and RIA platform serving independent financial advisors across the U.S. Highly comparable business model: supports independent advisors providing insurance, investment, and retirement planning to HNW individuals and business clients.
• Kestra Financial: Independent broker-dealer and RIA platform that is Harrison Group's actual partner for securities and investment advisory services. Operates an identical model of supporting independent financial advisors who serve HNW clients through carrier and BD partnerships.
• Commonwealth Financial Network: Independent broker-dealer and RIA supporting independent financial advisors who provide comprehensive financial planning, insurance, and investment services to HNW individuals and business clients — closely aligned model to Harrison Group.
• Cambridge Investment Research: Independent broker-dealer supporting thousands of financial advisors nationwide who deliver wealth management, insurance, and retirement planning to HNW individuals and business owners through a similar partnership-based distribution model.
• Hightower Advisors: Wealth management platform serving HNW individuals and families through partner advisor firms. Comparable in providing comprehensive financial planning, insurance, and investment advisory services to a similar HNW client base.
• Focus Financial Partners: Wealth management partnership platform acquiring independent RIAs and advisory firms serving HNW clients. Directly comparable as a consolidator of small independent advisory practices similar to Harrison Group.
• Edelman Financial Engines: Large independent financial advisory firm focused on comprehensive financial planning for HNW individuals and families. Comparable in serving mass-affluent and HNW clients with integrated planning, investment, and insurance solutions.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/TheHarrisonGroup
• LinkedInlinkedin.com/company/the-harrison-group-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 The Harrison Group