Tax and Financial Partners

What Tax and Financial Partners does

Tax and Financial Partners is a privately held, independently owned financial advisory practice headquartered in Laguna Beach, California, with 1-10 employees. The firm is operated by Financial Advisor Thomas Sim and is affiliated with LPL Financial, a publicly traded registered investment advisor and broker-dealer (NASDAQ: LPLA), through which all securities and advisory services are delivered. The practice specializes in serving business owners and executives, offering an integrated suite of wealth management services across seven core areas: retirement planning, estate planning, investment management, insurance planning, tax planning, financial/money management, and lifestyle planning. The firm's stated differentiator is a master-planning approach that coordinates these components into a single strategy for each client, supported by principals with over 30 years of combined industry experience.

The practice is licensed to serve clients in 14 U.S. states (AZ, CA, CO, FL, GA, HI, IL, MD, MI, MO, NV, NY, PA, SD, TX, WA), enabling remote advisory relationships beyond the California office. No proprietary technology platform, AI tooling, or in-house software product is described; the firm relies on the LPL Financial infrastructure for securities execution, RIA custody, research, and client account access (via a third-party portal at myaccountviewonline.com). Marketing is content-driven, executed through the FMG Suite platform with a blog, newsletter signup, and financial calculators.

Revenue is generated through securities commissions and investment advisory fees earned on transactions and assets managed via LPL Financial; pricing is not publicly disclosed. The customer base consists of individual high-net-worth business owners, executives, and families — there are no institutional clients, no named logos, and no disclosed AUM, revenue, or client count figures. Compliance coverage includes FINRA and SIPC (via LPL) and CCPA privacy controls. There is no disclosed funding history, parent company, acquisitions, or material leadership changes.

Name

Tax and Financial Partners

Legal name

LPL Financial

Website

https://tax-and-financial.com

Company type

Public

Operating status

Operating

Headcount range

1–10 employees

Short description

Tax and Financial Partners is a Laguna Beach, California-based independent financial advisory practice operated by Thomas Sim and affiliated with LPL Financial. It serves business owners, executives, and families across 14 U.S. states with integrated retirement, estate, investment, insurance, tax, and lifestyle planning.

Ownership category

akta.pro rank

Product category

Financial Advisory Services

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Tax-Aware Retirement & Estate Coordination (FSAEABAJ)

akta.pro secondary industries

Tax-Aware Investment Planning (FSAEAAAE), Tax-Focused Wealth Management RIAs (FSAAACAD), Trust & Estate Tax Planning & Compliance (FSAEAKAE)

Keywords

• Financial advisory services
• Retirement planning
• Wealth management
• Investment planning
• Estate planning

Headquarters

HQ city

Laguna Beach

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

Revenue model

1. Financial Advisory Fees (Securities and Advisory Services): Revenue is generated through securities transactions and investment advisory services facilitated via LPL Financial. As an LPL Financial representative, Thomas Sim earns commissions and/or advisory fees on securities sold and investment management services provided to clients. The practice specializes in serving business owners and executives, providing retirement, estate, investment, insurance, tax, and financial planning services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Tax and Financial Partners is an independent financial advisory practice offering personalized retirement, estate, investment, insurance, tax, financial, and lifestyle planning services. The firm, led by Thomas Sim and affiliated with LPL Financial, serves business owners, executives, and individuals across 14 U.S. states with over 30 years of combined experience.

Product overview

Tax and Financial Partners operates as a financial advisory practice affiliated with LPL Financial, offering a comprehensive suite of wealth management services. The practice provides integrated financial planning across seven core service areas: Retirement Planning, Estate Planning, Investment Management, Insurance Services, Tax Planning, Financial/Money Management, and Lifestyle Planning. The advisors develop master financial plans that coordinate these various components to support clients' lifetime goals and beyond. The firm specializes in serving business owners and executives, with over 30 years of combined experience in the financial services industry. Services are delivered through the LPL Financial platform, a registered investment advisor member of FINRA and SIPC.

Differentiator

Problem solved

Functional benefit

Products and services

• Retirement Planning
• Estate Planning
• Investment Planning
• Insurance Planning
• Tax Planning
• Financial Planning
• Lifestyle Planning
• Money Management

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• LPL FinancialcoreChannel Partner/ Reseller/ DistributorThomas Sim and Tax and Financial Partners operate as an affiliated practice of LPL Financial, a registered broker-dealer and investment advisor (Member FINRA & SIPC). LPL Financial provides the regulatory infrastructure, securities licensing, and RIA platform through which the firm delivers advisory and securities services to clients. Securities and advisory services are offered through LPL Financial. The firm also leverages LPL's research, market commentary, retirement planning tools, and fiduciary focus materials.

Scale indicators2 records

Recent moves4 records

Expansion highlights3 records

Direct peers

• Creative Planning: Independent RIA serving high-net-worth individuals and business owners with comprehensive wealth, tax, estate, and retirement planning — directly comparable holistic master-planning model and HNW business-owner target market.
• Carson Wealth: RIA platform serving HNW clients with integrated financial planning, tax, estate, and investment services — closely aligned holistic planning model targeting business owners and families.
• Buckingham Strategic Wealth: Independent RIA providing comprehensive wealth management and financial planning for HNW individuals — comparable fee-only RIA model with integrated retirement, tax, and estate planning.
• Fisher Investments: Large independent RIA focused on serving HNW individuals and executives with portfolio management and retirement planning — comparable target market and investment advisory delivery model.

Broad incumbents

• Edward Jones: Large brokerage with a branch-based financial advisor model serving individuals and business owners across retirement, estate, and investment planning — overlapping HNW market and advisor-affiliated delivery structure.
• Charles Schwab Wealth Advisory: Large wealth advisory franchise offering investment advisory and retirement planning to individuals — broad incumbent competing in the same HNW advisory segment with greater scale.
• Ameriprise Financial: Diversified financial services firm with a large affiliated financial advisor channel serving HNW clients with retirement, estate, tax, and investment planning — broadly comparable advisor-delivery model.
• Raymond James: Diversified wealth and investment firm with affiliated financial advisors delivering retirement, estate, tax, and investment planning — overlapping service breadth and HNW client focus.
• Fidelity Wealth Services: Large wealth advisory business providing retirement, investment, and estate planning to HNW individuals — broad incumbent competing for the same HNW client wallet with deeper scale and proprietary technology.

Others

• LPL Financial Holdings: Public broker-dealer and RIA platform (NASDAQ: LPLA) on which Tax and Financial Partners is affiliated — directly comparable in delivery infrastructure, regulatory stack, and product shelf for affiliated practices.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat2 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Tax and Financial Partners