About Sommers Financial Management
Sommers Financial Management is a company based in United States founded in 2002 was acquired by Wealthcare in January 2023.. Sommers Financial Management offers products and services including Wealth Management, Financial Planning, Estate Planning, Tax Preparation, and Retirement Plans. Sommers Financial Management operates in a competitive market with competitors including Dezerv, The Tifin Group, Moneyfarm, ARM Pensions and Wealthy, among others.
- Headquarter United States
-
Sectors
Technology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Wealthcare Advisory Partners Llc
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Latest Funding Round
- Investors
-
Employee Count
Employee Count
-
Acquired by
Wealthcare
(Jan 12, 2023)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Sommers Financial Management
Sommers Financial Management offers a comprehensive portfolio of products and services, including Wealth Management, Financial Planning, Estate Planning, Tax Preparation, and Retirement Plans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Personalized strategies for asset growth and management.
Comprehensive plans for budgeting and long-term financial goals.
Assistance in asset distribution and inheritance strategies.
Preparation and optimization of tax filings for individuals.
Customized plans for secure retirement income and savings.
Funding Insights of Sommers Financial Management
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Sommers Financial Management
Sommers Financial Management has secured backing from 1 investor. Prominent investors backing the company include Wealthcare. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Online wealth management platform for financial advisors
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Sommers Financial Management
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Sommers Financial Management
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sommers Financial Management Comparisons
Competitors of Sommers Financial Management
Sommers Financial Management operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Dezerv, The Tifin Group, Moneyfarm, ARM Pensions and Wealthy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Investment solutions and portfolio management are provided for affluent individuals.
|
|
| domain | founded_year | HQ Location |
AI-enabled financial planning and advisory solutions are provided for individuals.
|
|
| domain | founded_year | HQ Location |
Platform for investment planning & advisory services
|
|
| domain | founded_year | HQ Location |
Pension management and retirement planning services are provided.
|
|
| domain | founded_year | HQ Location |
Digital wealth management platform is offered for personalized investments.
|
|
| domain | founded_year | HQ Location |
Diversified investment management services are provided to clients.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Sommers Financial Management
Frequently Asked Questions about Sommers Financial Management
When was Sommers Financial Management founded?
Sommers Financial Management was founded in 2002.
Where is Sommers Financial Management located?
Sommers Financial Management is headquartered in United States.
Who is the current CEO of Sommers Financial Management?
Bert Sommers is the current CEO of Sommers Financial Management.
What does Sommers Financial Management do?
Sommers Financial Management was founded in 2002 in the United States. Operations center on a platform for wealth management within the financial services sector. Services encompass financial planning, estate planning, tax preparation, and retirement planning. Investments are handled to support client objectives, with emphasis placed on cost-effective delivery across the domestic market.
Who are the top competitors of Sommers Financial Management?
What products or services does Sommers Financial Management offer?
Sommers Financial Management offers Wealth Management, Financial Planning, Estate Planning, Tax Preparation, and Retirement Plans.
Who are Sommers Financial Management's investors?
Sommers Financial Management has 1 investor. Key investors include Wealthcare.