What Cooperative Financial does

Cooperative Financial LLC is a privately held, SEC-registered investment advisor (RIA) headquartered in Great Neck, New York, that provides personalized wealth management services to high net worth individuals and families. The firm, founded by Simon Arrata, operates with a small team of 1-10 employees and delivers its services through direct advisory relationships rather than a technology platform. Its service offering centers on custom portfolio construction, diversification and risk management, and holistic financial, philanthropic, and estate planning, with explicit client involvement in investment decision-making framed around a philosophy of advisor-client "compatibility."

The firm generates revenue through recurring advisory fees on managed assets, with fee details disclosed in its Form ADV Part 2A brochure rather than publicly on its website. Pricing, AUM, client count, and revenue are not publicly disclosed. The go-to-market is field-based and relationship-driven: Arrata and Ferris (a Senior Investment Advisor Representative) cultivate HNW clients through personal networks and Arrata's thought leadership in financial media and industry conferences. The firm's regulatory disclosures reference an affiliation with Sowell Management, suggesting Cooperative Financial operates with back-office and compliance support from a larger RIA ecosystem.

The underlying technology stack is not disclosed and there is no evidence of AI, API, or productized technology components. Services are delivered through a client portal (bd3.bdreporting.com) for account access and direct advisor interaction. Founded in 1997, the firm has not raised external capital, conducted M&A, expanded geographically beyond its single New York office, or broadened its service surface beyond traditional HNW advisory.

Name

Cooperative Financial

Legal name

Cooperative Financial LLC

Website

https://cooperativefinancialllc.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

1–10 employees

Short description

Cooperative Financial LLC is a privately held, SEC-registered investment advisor in Great Neck, New York, providing personalized wealth management and custom portfolio construction to high net worth individuals and families through direct advisory relationships.

Ownership category

akta.pro rank

Headquarters

HQ city

Great Neck

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

Revenue model

1. Wealth Management Advisory Services: Personalized investment advisory services for high net worth clients, providing custom portfolio construction and ongoing wealth management. Revenue is generated through advisory fees typically disclosed in Form ADV Part 2A (Brochure).

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Cooperative Financial is a registered investment advisor that delivers personalized wealth management and investment advisory services to high net worth individuals and families. The firm constructs custom investment portfolios tailored to each client's risk tolerance, return objectives, and behavioral traits, integrating financial, philanthropic, and estate planning considerations. Services are delivered through direct advisory relationships with partners serving as primary relationship managers.

Product overview

Cooperative Financial is a wealth management firm offering personalized investment advisory services. The firm constructs custom investment portfolios tailored to individual client needs, employing a holistic approach that incorporates financial, philanthropic, and estate planning objectives. The firm emphasizes client involvement in portfolio decision-making, diversification strategies, risk management, and ongoing portfolio optimization. Services are delivered through direct advisory relationships rather than a technology product platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Personalized Wealth Management Advisory Ongoing investment advisory engagement providing custom portfolio construction, risk management, asset allocation, and continuous portfolio optimization for individual high net worth clients and families.
• Estate and Generational Wealth Planning Holistic wealth planning service addressing estate planning, philanthropic planning, and generational wealth transfer objectives for high net worth families.

Segments1 record

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.

• Sowell ManagementunclearOthersSowell Management appears in regulatory disclosures (ADV-2A Brochure) referenced on Cooperative Financial's website, suggesting an affiliated or underlying relationship. The firm name appears in disclosure documents and regulatory filings.

Scale indicators1 record

Recent moves3 records

Expansion highlights2 records

Broad incumbents

• Rockefeller Capital Management: Larger private wealth management firm offering HNW advisory, investment management, and family office services. Overlaps in client segment and personalized service but operates with materially broader scale and brand recognition.
• Goldman Sachs Private Wealth Management: Private wealth division of Goldman Sachs serving ultra-HNW clients with bespoke investment advisory, estate planning, and lending services. Same HNW segment as Cooperative Financial but vastly larger scale, brand, and product breadth.
• Creative Planning: Large independent RIA offering wealth management, financial planning, and tax services to HNW clients. Overlaps in client segment and fee-based model but operates at much greater scale.

Direct peers

• Aspiriant: Independent RIA providing wealth management and investment advisory to HNW individuals and families. Comparable fee-only model, client base, and personalized approach.
• Cresset Capital: Private multi-family office providing wealth management, investment advisory, and family office services to HNW clients. Similar boutique RIA positioning and personalized service delivery model.
• Merit Financial Advisors: Independent RIA providing wealth management and financial planning to HNW individuals and families. Similar boutique advisory model with comparable fee structure and client focus.
• Bessemer Trust: Privately held multi-family office serving HNW and ultra-HNW families with personalized investment advisory, estate planning, and wealth management services. Closely comparable to Cooperative Financial in client segment, personalization philosophy, and independence.
• Sanctuary Wealth: Partner-owned wealth management firm supporting experienced advisors serving HNW clients through a shared platform. Closely comparable partnership/affiliation model with advisor autonomy preserved.
• Steward Partners: Employee- and partner-owned wealth management firm supporting advisors serving HNW clients with investment advisory and financial planning services. Similar advisor-led structure with shared infrastructure.
• Glenmede: Independent investment and wealth management firm serving HNW individuals, families, and foundations with personalized advisory services. Comparable in mission, private ownership, and client-centric positioning.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/cooperative-financial-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Cooperative Financial