Livingston Financial Group

What Livingston Financial Group does

Livingston Financial Group is a family-owned, privately held financial advisory firm founded in 1986 and headquartered at 300 Redland Court, Suite 304, Owings Mills, Maryland. The firm delivers comprehensive financial planning services — investment management, retirement planning, estate planning, tax planning, and insurance — to individuals and families, with a particular specialization in federal employees covered by FERS and CSRS retirement systems. It is described as nationally recognized with close to 40 years of service, and several of its licensed advisors hold specialized designations including ChFEBC (Chartered Federal Employee Benefits Consultant), AIF (Accredited Investment Fiduciary), and CRPC (Chartered Retirement Planning Counselor).

The firm operates without proprietary technology platforms, instead leveraging LPL Financial — the largest U.S. independent broker-dealer — for trading, custody, research, clearing, compliance, and back-office infrastructure, and Life Brokerage Financial Group (a National Broker's General Agency representing over 35 carriers) for fixed insurance distribution. Advisors are licensed across approximately 38 states (AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NV, NH, NJ, NM, NY, NC, OH, OK, PA, PR, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV), supported by an in-house leadership team that includes family members Michael Livingston (COO), Glenn Livingston (CIO), and Stephanie Livingston Alper (Investment Adviser Representative).

Revenue is generated through a mix of fee-based managed accounts, brokerage commissions on securities transactions (stocks, bonds, mutual funds, annuities), advisory fees on assets under management, and insurance commissions. The go-to-market is relationship-led and education-driven: the firm conducts face-to-face consultations, complimentary financial profile assessments, and on-site pre-retirement planning seminars and webinars for federal agencies and federal employee organizations (FAAMA, FLEOA, PWC, NHCFAE, NBCFAE, TWO), combining direct advisory sales with community and event-based lead generation.

Name

Livingston Financial Group

Legal name

Livingston Financial Group

Website

https://livingstonfinancialgroup.com

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

1–10 employees

Short description

Livingston Financial Group is a family-owned financial advisory firm founded in 1986 and based in Owings Mills, Maryland, providing investment, retirement, estate, tax, and insurance planning to individuals and families, with a specialized focus on federal employees covered by FERS and CSRS benefit systems.

Ownership category

akta.pro rank

Product category

Financial Advisory Services

NAICS

Portfolio Management and Investment Advice (523940), Direct Life, Health, and Medical Insurance Carriers (52411)

SIC

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

akta.pro primary industry

Advisory Portfolio Management (Non-Discretionary) (FSAAABAD)

akta.pro secondary industry

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

Keywords

• Financial advisory services
• Retirement planning
• Investment management
• Estate planning services
• Federal employee benefits

Headquarters

HQ city

Owings Mills

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Financial Advisory Services: The firm provides comprehensive financial services including investment management, retirement planning, estate planning, tax planning, and insurance services. Revenue is generated through fee-based managed accounts, brokerage commissions on securities transactions (stocks, bonds, mutual funds, annuities), and advisory fees. The firm also offers insurance products through Life Brokerage Financial Group, a National Broker's General Agency representing over 35 insurance carriers.
2. Securities Brokerage: Securities and advisory services offered through LPL Financial, a Registered Investment Advisor, member FINRA and SIPC. The firm facilitates trading in stocks, bonds, mutual funds, retirement accounts (Traditional IRA, Roth IRA, SEP IRA, Simple IRA, 401(k), TSA, 403(b)), and college 529 savings plans, earning commissions on transactions.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Livingston Financial Group is a family-owned independent financial advisory firm that delivers personalized investment management, retirement planning, estate planning, tax planning, and insurance solutions to individuals, families, federal employees, and business owners. Securities and advisory services are offered through LPL Financial, while fixed insurance products are placed through Life Brokerage Financial Group. The firm supplements these services with educational seminars, webinars, financial calculators, and a complimentary financial profile assessment.

Product overview

Livingston Financial Group is a family-owned financial advisory firm offering a comprehensive suite of financial planning services. The firm operates primarily through its partnership with LPL Financial (a registered broker-dealer) and provides integrated services including investment management (stocks, bonds, mutual funds, annuities), life insurance and long-term care insurance, estate planning, and tax planning resources. The firm also offers educational tools including a free financial profile assessment, financial calculators, tax planning resources, and educational seminars/webinars. Their services are particularly focused on federal employees through partnerships with organizations like FAAMA, FLEOA, and PWC.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Management Services Investment management covering stocks, bonds, mutual funds, retirement accounts (Traditional IRA, Roth IRA, SEP IRA, Simple IRA, 401(k), TSA, 403(b)), 529 college savings plans, and variable, fixed, and equity-indexed annuities, delivered through LPL Financial. Aimed at individual investors and families building and decumulating retirement assets.
• Life Insurance Services Placement of life insurance products including universal life, term life, and variable life coverage, distributed through Life Brokerage Financial Group, a National Broker's General Agency representing over 35 insurance carriers. Designed to protect client families and support estate and survivor benefit planning.
• Long Term Care Insurance Disability income insurance and long-term care insurance placement for extended healthcare needs, distributed through Life Brokerage Financial Group. Targeted at clients planning for healthcare costs in retirement, particularly federal employees evaluating FEGLI and LTC interactions.
• Estate Planning Services Estate planning assistance to ensure assets are distributed as desired, minimize taxes and expenses, and address guardianship and inheritance matters, including strategies to avoid probate and reduce estate taxes. Targeted at individuals, families, business owners, and federal employees with transfer-of-wealth objectives.
• Educational Seminars and Webinars Live and virtual financial education sessions covering retirement planning, federal employee benefits (FERS/CSRS, TSP, FEGLI), Social Security, and general personal finance topics, including a '1 hour 4 Part lunch and learn' series, '5 Mistakes in Retirement' seminars, and on-site pre-retirement planning briefings delivered to federal agencies and federal employee organizations.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core and major.

• LPL FinancialcoreTechnology or IntegrationLPL Financial is the nation's largest independent broker-dealer and provides back-office support including technology, research, clearing, compliance services, and practice management programs. Livingston Financial Group offers securities and advisory services through LPL Financial as a registered investment advisor. LPL supports more than 32,000 financial advisors and services approximately $2.3 trillion in assets.
• Life Brokerage Financial GroupcoreChannel Partner/ Reseller/ DistributorLife Brokerage Financial Group is the back office support team for fixed insurance-related business. They are a National Broker's General Agency representing over 35 insurance carriers, specializing in traditional Life, Annuity, and Long-Term Care (LTC) product lines.
• FAAMA (Federal Academy of Medical Administrators)majorGTM or Marketing PartnerPartnership to provide FAAMA members with retirement planning education and individual retirement plan development. The firm delivers complimentary on-site educational seminars covering federal retirement systems including FERS and CSRS.
• FLEOA (Federal Law Enforcement Officers Association)majorGTM or Marketing PartnerPartnership to provide FLEOA members with retirement planning education and individual retirement plan development. The firm delivers complimentary on-site educational seminars covering federal retirement systems including FERS and CSRS.
• PWC (Professional Women's Connection)majorGTM or Marketing PartnerPartnership to provide PWC members with retirement planning education and individual retirement plan development. The firm delivers complimentary on-site educational seminars covering federal retirement systems including FERS and CSRS.
• NHCFAE (National Association of Government Chambers and Federal Agency Exchanges)majorGTM or Marketing PartnerPartnership to provide NHCFAE members with retirement planning education and individual retirement plan development. The firm delivers complimentary on-site educational seminars covering federal retirement systems including FERS and CSRS.
• NBCFAE (National Association of Business Chambers and Federal Agency Exchanges)majorGTM or Marketing PartnerPartnership to provide NBCFAE members with retirement planning education and individual retirement plan development. The firm delivers complimentary on-site educational seminars covering federal retirement systems including FERS and CSRS.
• TWO (The Wounded Officer)majorGTM or Marketing PartnerPartnership to provide TWO members with retirement planning education and individual retirement plan development. The firm delivers complimentary on-site educational seminars covering federal retirement systems including FERS and CSRS.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Kestra Financial: Kestra Financial is an independent wealth management platform supporting financial advisors with advisory, brokerage, and insurance capabilities. Comparable to Livingston as an independent channel firm bundling investment, retirement, and insurance services.
• Robert W. Baird & Co. Baird is a privately held, employee-owned financial services firm with a wealth management division serving individuals and families through financial advisors. Its advisor-led, relationship-driven model and ownership culture closely resemble Livingston's family-owned approach.
• Cambridge Investment Research: Cambridge Investment Research is a large independent broker-dealer supporting financial advisors serving individuals and families with investment, retirement, and planning services. Its advisor-centric model closely parallels the LPL-affiliated structure Livingston uses.
• Edward Jones: Edward Jones is one of the largest U.S. financial advisory firms, operating a relationship-based, branch-advisor model serving individuals and families with investments, retirement, and insurance planning. Its mass-affluent, locally embedded approach is structurally similar to Livingston's family-oriented advisory model.
• Ameriprise Financial: Ameriprise Financial is a large, advisor-led financial services firm offering investment advisory, retirement planning, and insurance products through thousands of independent financial advisors. Livingston team member Christopher Labadie began his career as an Ameriprise advisor, making it a directly comparable independent channel competitor.
• Stifel Financial: Stifel runs a national wealth management network offering investment advisory, retirement, and insurance services through independent advisors. Comparable to Livingston in combining brokerage, advisory, and insurance distribution across multiple states.
• Raymond James Financial: Raymond James operates a large network of independent financial advisors providing investment, retirement, estate, and tax planning to individuals and families. Its independent advisor channel directly overlaps with Livingston's LPL-affiliated independent practice model.

Broad incumbents

• LPL Financial: LPL Financial is the nation's largest independent broker-dealer, supporting ~32,000 advisors and ~$2.3T in client assets with brokerage, custody, research, and compliance. As Livingston's core platform partner, it is the broad incumbent that defines the firm's operating environment and provides the most direct service overlap.
• Northwestern Mutual: Northwestern Mutual is a large, mutual-owned financial services firm offering investment, retirement, life insurance, and long-term care planning through a national advisor force. Its emphasis on life insurance, long-term care, and holistic planning mirrors key parts of Livingston's service stack.
• Cetera Financial Group: Cetera is a major independent broker-dealer supporting thousands of financial advisors with wealth management, retirement, and insurance solutions. It is comparable as a host platform for independent advisory practices similar to Livingston.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/LivingstonFeder

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 Livingston Financial Group