Lebenthal Financial Services
Lebenthal Financial Services is a Jericho, NY-based full-service independent broker-dealer providing retirement, investment, insurance, and estate planning to individuals, families, and business owners, clearing through Raymond James and affiliated with Bristol Asset Management and Lebenthal Global Advisors.
- Company typePrivate
- Founded1968
- HeadquartersJericho, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
Lebenthal Financial Services firmographics
Firmographics- Name
- Lebenthal Financial Services
- Legal name
- Lebenthal Financial Services, Inc.
- Website
- https://lebenthalfinancial.com
- Company type
- Private
- Founded year
- 1968
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Lebenthal Financial Services is a Jericho, NY-based full-service independent broker-dealer providing retirement, investment, insurance, and estate planning to individuals, families, and business owners, clearing through Raymond James and affiliated with Bristol Asset Management and Lebenthal Global Advisors.
- Ownership category
- akta.pro rank
Lebenthal Financial Services industry classification
Industry- Product category
- Independent Broker-Dealer / Wealth Management Services
- NAICS
- Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)
- akta.pro primary industry
- Full-Service Brokerage (Wirehouse/Universal) (FSAEACAA)
- akta.pro secondary industry
- Private Banking & UHNW Wealth Advisory (FSAEABAC)
Keywords
Where Lebenthal Financial Services is headquartered
LocationHeadquarters
- HQ city
- Jericho
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Lebenthal Financial Services business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others
Revenue model
- Broker-Dealer Services: Revenue from commissions and fees on financial products including mutual funds, annuities, individual securities, wrap accounts, and advisory services. The firm also earns fees from retirement plan services and insurance products.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Other | Financial planning and investment services |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Lebenthal Financial Services product offering
Product offeringCore offering
Lebenthal Financial Services is a full-service independent broker-dealer providing financial and retirement planning services to individuals, families, and business owners. Core offerings include retirement accounts (IRAs, Simple Plans, 401K, 403B, Non-Qualified Plans), investment products (mutual funds, annuities, individual securities, wrap and advisory accounts, asset-allocated portfolios), insurance (life and long-term care), and college planning. The firm also operates affiliated registered investment advisory services through Bristol Asset Management and Lebenthal Global Advisors, LLC, and produces 'The Lebenthal Report' weekly podcast.
Product overview
Lebenthal Financial Services is a full-service independent broker-dealer with an emphasis on financial and retirement planning. The firm operates its core brokerage platform (offering IRAs, 401K, mutual funds, annuities, insurance products, wrap accounts, and college planning), supplemented by affiliated registered investment advisor Bristol Asset Management and Lebenthal Global Advisors, LLC. The firm also produces 'The Lebenthal Report' weekly podcast. The company exceeded $1 billion in assets under management in 2024.
Differentiator
Problem solved
Functional benefit
Brands
- The Lebenthal Report: A weekly business podcast hosted by Michael Hartzman and Dominick Tavella that keeps investors informed about current market conditions, opportunities, and risks in the financial markets.
Products and services
- Lebenthal Financial Services Brokerage Platform Full-service independent broker-dealer offering financial and retirement planning services including IRAs, Simple Plans, 401K, 403B, Non-Qualified Plans, Mutual Funds, Annuities, Individual Securities, Life and Long-Term Care Insurance, Wrap and Advisory Accounts, Asset Allocated Portfolios, Employee Benefit Programs, Retirement Planning Consulting, Life Insurance Planning, Non-Qualified Deferred Compensation, and College Planning for individuals, families, business owners, and affluent clients.
- Bristol Asset Management Registered investment advisory arm providing asset management and investment advisory services alongside the broker-dealer operations for individuals and families.
- The Lebenthal Report Podcast Weekly business show hosted by Michael Hartzman and Dominick Tavella that keeps investors informed about current market conditions, opportunities, and risks, featuring guests from various financial institutions and available on VoiceAmerica, Spotify, YouTube, and Apple Podcasts.
- Lebenthal Global Advisors, LLC Affiliated registered investment advisor offering investment advisory services to clients; related entity sharing the Lebenthal brand with Lebenthal Financial Services.
Quantifiable outcome
- Exceeds $1 billion in assets under management as of 2024
- +1 more outcomes
Companies that use Lebenthal Financial Services
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles3 records
Lebenthal Financial Services technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Lebenthal Financial Services partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core, strategic and minor.
- Raymond JamescoreTransitioned brokerage clearing services to Raymond James in 2018. Raymond James provides the brokerage platform and client account access for Lebenthal Financial Services, enabling securities trading and account management capabilities.
- PershingcoreCompleted transition to Pershing's direct brokerage clearing services in 2011. Pershing provides backend clearing and custody services supporting the broker-dealer operations.
- Diversified Financial ConsultantsstrategicStrategic partnership formed in 2013 with Dominick Tavella, President of Diversified Financial Consultants located in Bellmore, NY. Dominick Tavella co-hosts The Lebenthal Report podcast and provides complementary wealth management services.
- Crump Life Insurance Services / InsureNOW DirectminorPartnership for life insurance quotes and products. The firm offers free life insurance quotes through InsureNOW Direct powered by Crump Life Insurance Services, providing access to insurance carriers for clients.
- Lebenthal Global Advisors, LLCcoreRelated registered investment advisor entity. Scott Hartzman previously worked at Lebenthal Global Advisors in Hauppauge, NY. Both entities are affiliated and share the Lebenthal brand. Lebenthal Global Advisors is a registered investment advisor while Lebenthal Financial Services is a FINRA registered broker-dealer.
- FINRAcoreSelf-regulatory organization that regulates broker-dealers. Lebenthal Financial Services is a FINRA registered broker-dealer member. Compliance with FINRA regulations is required for operations.
Scale indicators3 records
Recent moves10 records
Expansion highlights4 records
Lebenthal Financial Services competitors and assessment
Company assessmentDirect peers
- Cetera Financial Group: Independent broker-dealer network serving financial advisors with brokerage, advisory and practice management support. Same regulatory and operating model as Lebenthal at meaningfully larger AUM scale.
- Kestra Financial: Independent broker-dealer and RIA platform supporting independent advisors across the US. Mirrors Lebenthal's independent BD model with affiliated wealth advisory capabilities.
- LPL Financial: The largest independent broker-dealer in the US, supporting thousands of financial advisors with brokerage, advisory and back-office infrastructure. Operates the same core business model as Lebenthal (independent broker-dealer serving retail clients) but at vastly greater scale.
- Cambridge Investment Research: Large independent broker-dealer supporting independent financial advisors with clearing, compliance and product access. Comparable independent BD model serving retail and affluent clients.
- Commonwealth Financial Network: Privately held independent broker-dealer providing advisory, brokerage and wealth planning services to advisors and their clients. Directly comparable independent BD/wealth advisory model with no captive product line.
- Advisor Group: Independent broker-dealer network supporting thousands of financial advisors across multiple IBD brands. Directly comparable independent BD operating model serving retail and affluent clients nationwide.
Broad incumbents
- Ameriprise Financial: Diversified wealth and asset manager with an independent advisor channel serving affluent retail clients. Comparable planning-centric offering to Lebenthal's retirement, estate and tax planning focus, at much larger scale.
- Northwestern Mutual: Comprehensive wealth management and insurance firm with an advisor-led model serving individuals and business owners. Comparable in combining retirement/estate planning with insurance, though with captive products and far larger scale.
- Edward Jones: National wirehouse serving retail and affluent clients with brokerage and advisory services. Overlaps with Lebenthal's retail/affluent target market but at vastly greater scale and brand recognition.
- Raymond James Financial: Lebenthal's clearing partner and one of the largest diversified wealth managers in the US. Operates a much larger IBD/PCG segment and advisor force, while also providing the technology backbone Lebenthal depends on.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks7 records
Key highlights6 records
Customer concentration
Lebenthal Financial Services social profiles
Digital presenceLebenthal Financial Services compliance and trust
Trust signalCompliance3 records
Lebenthal Financial Services financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lebenthal Financial Services leadership team
Management profileNumber of profiles
Profiles13 records
Lebenthal Financial Services funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lebenthal Financial Services 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 Lebenthal Financial Services
What does Lebenthal Financial Services do?
Lebenthal Financial Services is a full-service independent broker-dealer providing financial and retirement planning services to individuals, families, and business owners. Core offerings include retirement accounts (IRAs, Simple Plans, 401K, 403B, Non-Qualified Plans), investment products (mutual funds, annuities, individual securities, wrap and advisory accounts, asset-allocated portfolios), insurance (life and long-term care), and college planning. The firm also operates affiliated registered investment advisory services through Bristol Asset Management and Lebenthal Global Advisors, LLC, and produces 'The Lebenthal Report' weekly podcast.
Is Lebenthal Financial Services a public or private company?
Lebenthal Financial Services is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Lebenthal Financial Services founded?
Lebenthal Financial Services was founded in 1968. It employs 11 to 50 people.
Where is Lebenthal Financial Services based?
Lebenthal Financial Services is headquartered in Jericho, United States, in the North America region.
How does Lebenthal Financial Services make money?
One revenue line is on record: broker-Dealer Services.
Who are Lebenthal Financial Services's main competitors?
Direct peers on record are Cetera Financial Group, Kestra Financial, LPL Financial, Cambridge Investment Research, Commonwealth Financial Network and Advisor Group. Broad incumbents are Ameriprise Financial, Northwestern Mutual, Edward Jones and Raymond James Financial.
Does Lebenthal Financial Services have an API?
No public API is recorded for Lebenthal Financial Services.
What industry is Lebenthal Financial Services in?
Lebenthal Financial Services's product category is Independent Broker-Dealer / Wealth Management Services. Its primary akta.pro industry code is FSAEACAA, Full-Service Brokerage (Wirehouse/Universal), with a secondary code of FSAEABAC, Private Banking & UHNW Wealth Advisory. Its NAICS code is 523940 and its SIC code is 6211.