Wallace Financial Group Llc
Wallace Financial Group, LLC is an independent Registered Investment Adviser founded in 1954, serving high-net-worth individuals and families with retirement, estate, and asset management planning in partnership with Cambridge Investment Research.
- Company typePrivate
- Founded1954
- HeadquartersSag Harbor, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Wallace Financial Group Llc does
Wallace Financial Group, LLC is an independent investment advisory firm founded in 1954 by Michael T. Wallace, Sr. The firm originated in Boston, Massachusetts and is currently headquartered in Sag Harbor, New York, with a supervisory branch office in Fairfield, Iowa. It operates as a Registered Investment Adviser (RIA) and insurance agency, offering personalized financial planning services to high-net-worth individuals, corporate executives, business owners, and families across the United States.
The firm's service offering spans retirement income planning, asset management, estate and generational planning, college funding, 401(k) planning, and comprehensive financial planning. Service delivery is structured around a proprietary four-step methodology branded the "Wealth Optimization Model," which guides the advisory engagement from initial discovery through ongoing portfolio review. The firm operates under a partnership with Cambridge Investment Research, Inc., which serves as its broker-dealer and RIA custodian and provides back-office and Virtual Office Assistant support. Client-facing technology is limited to third-party platforms CIRStatements and NetXInvestor for reporting and account access; no proprietary technology stack, fintech infrastructure, or AI tooling is evident.
Revenue is generated through fee-based advisory charges on managed assets, distributed through a relationship-driven, referral-based go-to-market targeting HNW households. Leadership rests with Patric J. Wallace (CFP, ChFC, CLU), who serves as the firm's principal advisor, with operational support from a Cambridge-provided Virtual Office Assistant (Holly Rachford). The firm is privately held, family-controlled, has no public funding, no parent organization, and shows no disclosed M&A activity, institutional investment, or growth-stage capital deployment in the available material.
Wallace Financial Group Llc firmographics
Firmographics- Name
- Wallace Financial Group Llc
- Legal name
- The Wallace Group, Inc.
- Website
- https://thewallacegroupinc.com
- Company type
- Private
- Founded year
- 1954
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Wallace Financial Group, LLC is an independent Registered Investment Adviser founded in 1954, serving high-net-worth individuals and families with retirement, estate, and asset management planning in partnership with Cambridge Investment Research.
- Ownership category
- akta.pro rank
Wallace Financial Group Llc industry classification
Industry- Product category
- Financial Advisory Services
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro industry
- Comprehensive Financial PlanningFinancial & Insurance/Financial Advisory, Brokerage & Intermediation/Investment Advisory & Financial PlanningBusiness Owner & Executive Financial PlanningFinancial & Insurance/Financial Advisory, Brokerage & Intermediation/Investment Advisory & Financial PlanningRetirement & Pension Planning (401(k)/IRA)Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Investment Advisory & Financial PlanningEducation Funding Planning (College/529)Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Investment Advisory & Financial Planning
Keywords
Where Wallace Financial Group Llc is headquartered
LocationHeadquarters
- HQ city
- Sag Harbor
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Wallace Financial Group Llc business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Financial Advisory/Planning Fees: The firm provides comprehensive financial planning and investment advisory services, likely earning revenue through fee-only advisory fees, AUM-based fees, or fee-for-service planning engagements. Securities transactions are facilitated through Cambridge Investment Research, Inc.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | Customized financial planning services with pricing based on client complexity and service requirements |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Wallace Financial Group Llc product offering
Product offeringCore offering
The Wallace Group delivers comprehensive financial planning, investment advisory, retirement income planning, estate and generational planning, 401(k) plan consulting, and college funding services to affluent individuals, families, and corporate executives. Services are organized around a proprietary four-step Wealth Optimization Model that aligns investment strategies with each client's life goals, risk tolerance, and values, and are delivered on a fiduciary basis with securities transactions facilitated through Cambridge Investment Research, Inc.
Product overview
The Wallace Group offers a suite of financial advisory services organized around their proprietary Wealth Optimization Model—a four-step methodology for discovering and tracking client financial goals. The core service portfolio includes Retirement Income Planning, tailored asset management (Investing for You), Estate and Generational Planning, College Funding, 401(k) Planning, and comprehensive Financial Planning. These services work together as an integrated approach to wealth management, with the Wealth Optimization Model serving as the overarching framework that connects all individual planning services to each client's unique life goals and values.
Differentiator
Problem solved
Functional benefit
Companies that use Wallace Financial Group Llc
Customer profileSegments3 records
Ideal customer profiles3 records
Wallace Financial Group Llc technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Wallace Financial Group Llc partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Cambridge Investment Research, Inc.coreCambridge Investment Research, Inc. serves as the independent broker-dealer for securities transactions and provides access to a team of virtual office assistants for administrative support. The Wallace Group is an investment advisor representative and registered representative with Cambridge. Advisory services are offered through Cambridge Investment Research Advisors, Inc., a registered investment adviser. Both entities maintain FINRA/SIPC registration.
Scale indicators1 record
Recent moves4 records
Expansion highlights2 records
Wallace Financial Group Llc competitors and assessment
Company assessmentMarket position
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Wallace Financial Group Llc social profiles
Digital presenceWallace Financial Group Llc compliance and trust
Trust signalCompliance4 records
Wallace Financial Group Llc financial estimates
Financial estimateRevenue estimate
Valuation estimate
Wallace Financial Group Llc leadership team
Management profileNumber of profiles
Profiles2 records
Wallace Financial Group Llc funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Wallace Financial Group Llc 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 Wallace Financial Group Llc
What does Wallace Financial Group Llc do?
The Wallace Group delivers comprehensive financial planning, investment advisory, retirement income planning, estate and generational planning, 401(k) plan consulting, and college funding services to affluent individuals, families, and corporate executives. Services are organized around a proprietary four-step Wealth Optimization Model that aligns investment strategies with each client's life goals, risk tolerance, and values, and are delivered on a fiduciary basis with securities transactions facilitated through Cambridge Investment Research, Inc.
Is Wallace Financial Group Llc a public or private company?
Wallace Financial Group Llc is a private company. It is classified as family owned and is currently operating.
When was Wallace Financial Group Llc founded?
Wallace Financial Group Llc was founded in 1954. It employs 1 to 10 people.
Where is Wallace Financial Group Llc based?
Wallace Financial Group Llc is headquartered in Sag Harbor, United States, in the North America region.
How does Wallace Financial Group Llc make money?
One revenue line is on record: financial Advisory/Planning Fees.
Does Wallace Financial Group Llc have an API?
No public API is recorded for Wallace Financial Group Llc.
What industry is Wallace Financial Group Llc in?
Wallace Financial Group Llc's product category is Financial Advisory Services. Its primary akta.pro industry code is FSAEAAAA, Comprehensive Financial Planning, with a secondary code of FSAEAAAO, Business Owner & Executive Financial Planning. Its NAICS code is 523940 and its SIC code is 6282.