Lebenthal Financial Services

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

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

• Independent broker-dealer
• Retirement planning services
• Financial advisory services
• Wealth management planning
• Investment brokerage services

Headquarters

HQ city

Jericho

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. 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

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core 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

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Six partnerships are on record, tiered core, strategic and minor.

• Raymond JamescoreTechnology or Integration · 1 January 2018Transitioned 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.
• PershingcoreTechnology or IntegrationCompleted 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 or Co-development PartnerStrategic 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 DirectminorChannel Partner/ Reseller/ DistributorPartnership 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, LLCcoreStrategic or Co-development PartnerRelated 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.
• FINRAcoreOthersSelf-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

Direct 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

• YouTubeyoutube.com/playlist?list=PLRDnF_tcDVxIQEEYtsK-WB5L_YbWOIkX0
• Facebookfacebook.com/lebenthalfinancialservicesinc
• LinkedInlinkedin.com/company/lebenthal-financial-services

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 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 Lebenthal Financial Services