1847Financial is a national organization of financial services firms affiliated with The Penn Mutual Life Insurance Company, which was founded in 1847. The name "1847Financial" reflects its deep connection to Penn Mutual's history and its commitment to the founding principles of mutuality. The company is dedicated to providing financial expertise to help clients grow their wealth and protect what matters most, offering solutions tailored to various life stages.
The company's strategic focus is on delivering comprehensive financial solutions through a client-first approach. It specializes in life insurance and wealth management, providing dedicated business planning, coaching, and support in local markets. 1847Financial offers a range of services, including protection, wealth accumulation, retirement planning, estate planning, and business planning. The firm leverages its affiliation with Penn Mutual and its broker-dealer/RIA, Hornor, Townsend & Kent, LLC (HTK), to deliver value to financial professionals and their clients.
As of the latest available data, 1847Financial has an estimated annual revenue of $39 million and employs approximately 169 individuals. The revenue per employee is estimated to be $231,000. Specific details regarding funding history and recent funding rounds are not publicly disclosed.
1847Financial offers a suite of services designed to meet diverse client needs, including:
- Special Needs Planning: Creating comprehensive financial and social strategies for individuals with special needs, bridging the gap between community, government, and long-term support.
- Business Planning: Assisting business owners with future financial security, including business continuation and employee benefits to attract and retain key employees.
- Estate Planning: Helping clients decide how to pass on their estate, reduce or eliminate taxes, and provide liquidity to cover taxes, debts, and other final expenses.
- Retirement Planning: Preparing clients for a comfortable retirement by developing strategies for personal savings and self-funded retirement plans.
- Risk Management: Assessing and managing risks in business or personal life to protect against potential loss.
- Wealth Accumulation: Developing strategies that match clients' comfort levels with risk, return, and accessibility to build wealth.
1847Financial leverages proprietary technologies and methodologies to enhance its service offerings. The firm utilizes the Lifetime Economic Acceleration Process™ (LEAP), a unique financial planning system designed to help clients achieve financial success. LEAP® and related trademarks are service marks of Leap Systems, LLC, an independent affiliate of Penn Mutual Life Insurance Company.
The leadership team at 1847Financial comprises experienced professionals dedicated to guiding the firm's strategic direction:
- Brandon Mann: Appointed as Managing Principal in February 2025, Mann brings over 20 years of experience in the financial services industry. He previously served as President of Ameritas Investment Company, LLC, and Ameritas Advisory Services, LLC. In his current role, Mann spearheads growth initiatives across Utah and Arizona.
- Aaron Peck: Serving as Managing Principal headquartered in Dallas/Fort Worth, TX, Peck leads the firm's operations in the region, focusing on developing strategies for financial challenges faced by individuals, families, and small businesses.
- Heather Nagengast: As President of 1847Financial, Nagengast oversees the firm's national operations, ensuring alignment with the company's mission and strategic objectives.
In February 2025, Brandon Mann joined 1847Financial as Managing Principal, leading growth initiatives in Utah and Arizona. He succeeded in his previous role as President of Ameritas Investment Company, LLC, and Ameritas Advisory Services, LLC.
The financial services industry is highly competitive, with numerous firms offering similar products and services. Key competitors of 1847Financial include:
- Hometown Lenders: A mortgage lender offering a range of home loan products.
- Geneva Financial: Provides mortgage services with a focus on customer service and community involvement.
- Landmark Title Assurance Agency: Specializes in title insurance and escrow services.
1847Financial has established significant collaborations to strengthen its market position and expand capabilities:
- Penn Mutual Life Insurance Company: As an affiliated distribution organization, 1847Financial leverages Penn Mutual's extensive resources and products to provide comprehensive financial solutions.
- Hornor, Townsend & Kent, LLC (HTK): Serving as the broker-dealer and registered investment adviser, HTK supports 1847Financial in delivering securities and investment advisory services.
1847Financial's strategic considerations include:
- Market Position: Leveraging its affiliation with Penn Mutual to offer a comprehensive suite of financial products and services.
- Competitive Advantages: Utilizing proprietary financial planning systems like LEAP to differentiate its service offerings.
- Client-Centric Approach: Focusing on personalized financial solutions tailored to individual client needs.
Looking ahead, 1847Financial aims to:
- Expand Geographic Reach: Under the leadership of Brandon Mann, the firm is focusing on growth initiatives in Utah and Arizona.
- Enhance Technological Capabilities: Investing in advanced financial planning tools and platforms to improve client service and operational efficiency.
- Strengthen Advisor Network: Attracting and retaining top-tier financial professionals to broaden the firm's expertise and client base.
