Coburn & Meredith , Inc.

What Coburn & Meredith , Inc. does

Coburn & Meredith, Inc., operating as Coburn Financial, is a privately held, family-owned full-service investment firm headquartered in Simsbury/Manchester, Connecticut, founded in 1934 by Robert B. Coburn and currently led by third-generation President and CEO David S. Coburn. The firm operates as a hybrid broker-dealer and Registered Investment Advisor (RIA), offering securities through LPL Financial (member FINRA/SIPC) and investment advice directly under the Coburn Financial RIA. It serves individuals and families (primary segment), small businesses, corporate executives, and non-profit organizations across New England, delivering five core service modules: Education Planning, Insurance and Annuities, Portfolio Management, Retirement Planning, and Estate Planning.

The firm's underlying technology is not proprietary but is assembled from a Fidelity Wealthscape core (clearing and custody through National Financial Services or Fidelity Brokerage Services) with discounted open integrations to third-party tools including Redtail CRM, Orion Advisor, Riskalyze, Bloomberg, Morningstar, eMoney, MoneyGuidePro, Advisor Websites, and GuideVine. Operational and back-office functions are augmented through a strategic partnership with Integrated Partners, a Barron's Top 100 RIA. The firm runs two distribution models side-by-side: W-2 Employee advisors and 1099 Independent advisors with payouts up to 90%, both with no minimum account size requirement and flexible advisory fee setting within firm limits.

Revenue is generated primarily through transaction-based securities commissions via LPL Financial and recurring investment advisory fees on managed assets, with the firm retaining a share of advisor production. Distribution is regional and advisor-led, with offices in Manchester, CT and Boston, MA, plus Rhode Island coverage; the firm explicitly avoids proprietary product quotas and emphasizes open architecture. No public revenue is disclosed, no funding rounds have been raised, and the company is wholly family-controlled with no external institutional ownership.

Name

Coburn & Meredith , Inc.

Legal name

Coburn & Meredith, Inc.

Website

https://coburnfinancial.com

Company type

Private

Founded year

1934

Operating status

Operating

Headcount range

11–50 employees

Short description

Coburn & Meredith, Inc. (dba Coburn Financial) is a family-owned, third-generation full-service investment firm founded in 1934, operating as a hybrid broker-dealer and RIA. It delivers wealth management and financial planning services to individuals, families, small businesses, executives, and non-profits across New England via Fidelity and LPL custodial relationships.

Ownership category

akta.pro rank

Product category

Wealth Management Services

NAICS

Portfolio Management and Investment Advice (523940), Insurance Agencies and Brokerages (524210)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

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

akta.pro secondary industry

Family Office Services (Single & Multi-Family Office) (FSABADAF)

Keywords

• Wealth management services
• Financial planning
• Retirement planning
• Estate planning
• Portfolio management

Headquarters

HQ city

Simsbury

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Securities brokerage through LPL Financial: Securities offered through LPL Financial, member FINRA/SIPC. Coburn Financial operates as a Broker/Dealer and Registered Investment Advisor (RIA), providing advisory services while LPL provides custody and clearing.
2. Investment advisory fees: Investment advice offered through Coburn Financial as a registered investment advisor. Advisors set their own advisory fees within limits, providing flexibility in pricing advisory services to end clients.
3. Advisor payouts and commissions: The firm pays advisors competitive payouts up to 90% for independent advisors, retaining a portion of commission and fee revenue generated through the platform.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Coburn & Meredith, Inc. (d/b/a Coburn Financial) is a full-service, family-owned regional broker-dealer and Registered Investment Advisor that delivers wealth management and financial planning services to individuals, families, small businesses, corporate executives, and non-profit organizations across New England. Its offering centers on five core service modules—education planning, estate planning, insurance and annuities, portfolio management, and retirement planning—with securities brokerage executed through LPL Financial (member FINRA/SIPC) and custody and technology provided through Fidelity Clearing & Custody Solutions' Wealthscape platform.

Product overview

Coburn Financial is a full-service wealth management and financial planning firm offering five core service modules — Education Planning, Insurance and Annuities, Portfolio Management, Retirement Planning, and Estate Planning — supported by the Wealthscape technology platform through its Fidelity custodial relationship. The firm does not offer a single unified software product; rather, it delivers personalized financial advisory services underpinned by industry-leading trading, reporting, and financial planning technology tools including open integrations with third-party platforms such as Redtail CRM, Orion Advisor, Riskalyze, Bloomberg, Morningstar, eMoney, and MoneyGuidePro.

Differentiator

Problem solved

Functional benefit

Products and services

• Education Planning A financial planning service that helps clients develop realistic estimates of higher education costs and implement investment programs to meet those costs.
• Insurance and Annuities Insurance analysis and annuity products that assess whether a client's current coverage is sufficient to protect dependents, mitigate unforeseen life events, and serve as an estate planning tool.
• Portfolio Management Customized investment plan implementation and ongoing management of existing portfolios using diversified portfolios matched to personal risk tolerance, with periodic reviews.
• Retirement Planning Retirement savings maximization service evaluating existing accounts such as pensions, IRAs, SEPs, 401(k) plans, and annuities, providing advice on repositioning investments and converting assets to reliable income.
• Estate Planning Estate planning review and strategy development using trusts, gifting programs, and other mechanisms to ensure assets are distributed to beneficiaries in a tax- and cost-efficient manner.

Quantifiable outcome

• Over 2,000 client relationships established over 80+ years

Named customers4 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature2 records

Partnerships

Four partnerships are on record, tiered core.

• LPL FinancialcoreTechnology or IntegrationLPL Financial acts as custodian and provides proprietary technology and comprehensive compliance services. LPL does not offer proprietary products but makes available a broad range of diverse products. Through this affiliation, Coburn Financial can choose products and services that address client needs while preserving firm integrity. LPL Financial Representatives also offer access to Trust Services through The Private Trust Company N.A., an affiliate of LPL Financial.
• Fidelity InvestmentscoreTechnology or IntegrationFidelity Clearing & Custody Solutions provides clearing, custody, and other brokerage services through National Financial Services LLC or Fidelity Brokerage Services LLC, Members NYSE, SIPC. Fidelity works closely with Coburn Financial to help identify products and services in clients' best interest, providing access to trustee services, separately managed accounts, and alternative investments.
• Integrated PartnerscoreStrategic or Co-development PartnerIntegrated Partners is a Top 100-ranked Registered Investment Advisory (RIA) firm by Barron's that provides operational and back-office support including compliance oversight, administrative functions, financial planning, and wealth management services. Coburn Financial has established a strategic partnership with Integrated, which operates in a fiduciary capacity. The partnership provides access to Advanced Planning, Business Owner Solutions, Family Office Services, and Retirement Plan Administration capabilities. Integrated does not create investment products or hold clients' money.
• Wealthscape (Fidelity)coreTechnology or IntegrationWealthscape is available through Fidelity Clearing & Custody Solutions. It enhances business operations and enriches client experience through trading options, security, mobile solutions, and administrative capabilities.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Hightower Advisors: RIA and wealth management firm built via advisor recruitment and M&A, serving HNW individuals, families, and institutions. Comparable as a high-payout advisor-centric platform targeting breakaway wirehouse advisors, though at significantly larger scale.
• Cetera Financial Group: Independent broker-dealer and registered investment advisor serving individual financial advisors across the U.S. Comparable business model as a B-D/RIA hybrid serving independent advisors with comprehensive wealth management services and advisor payouts.
• Commonwealth Financial Network: Large privately-held independent broker-dealer/RIA hybrid offering wealth management services to individual advisors and their clients. Highly comparable to Coburn's hybrid B-D/RIA model, Employee/Independent advisor structure, and open-architecture technology approach, though at meaningfully larger scale.
• Cambridge Investment Research: Independent broker-dealer and RIA supporting financial advisors with custodial flexibility (similar dual-affiliation model) and high advisor payouts. Directly comparable given similar independent contractor model and wealth management focus.

Broad incumbents

• Fidelity Wealth Management: Custodian and wealth management franchise providing investment advisory services, brokerage, and retirement planning. Comparable in service offerings and a key custodial partner to Coburn, while also competing for end clients through its direct retail and workplace channels.
• Waddell & Reed Financial: Traditional long-established wealth management and investment firm offering financial planning, portfolio management, and insurance. Comparable in multi-generational history, service breadth, and advisor-led distribution model, though operating at significantly larger scale.
• LPL Financial Holdings: Largest independent broker-dealer in the U.S. and a key custodian for Coburn. As both a service provider and a competing platform serving independent advisors, LPL sits at the center of the same ecosystem and competes for the same advisor talent and end-client relationships.
• Northwestern Mutual: Large mutual financial services company offering wealth management, retirement planning, and insurance. Comparable across the same five service modules Coburn offers (retirement, portfolio, estate, education, insurance), though at vastly larger scale and with captive advisor model.
• MassMutual: Mutual life insurance and wealth management company headquartered in nearby Springfield, MA, with a strong New England footprint. Overlapping customer base and comparable product set including retirement, estate, and investment planning in the same regional corridor.

Others

• Integrated Partners: Top-100 RIA by Barron's and Coburn's strategic partner, providing advanced planning, business owner solutions, and back-office support. Highly relevant not as direct competition but as a closely allied capability provider in the same New England footprint.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/coburnfinancial

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 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 Coburn & Meredith , Inc.