Friedman & Friedman Agency, Inc.

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Friedman & Friedman Agency, Inc. - overview

Established

1947

Location

Westbury, NY, US

Primary Industry

Insurance

About

Friedman & Friedman Agency, Inc. offers specialized financial consulting services, focusing on investment analysis, risk management, and strategic financial planning for diverse clientele, including private enterprises and high-net-worth individuals. Founded in 1947 and headquartered in Westbury, US, Friedman & Friedman Agency, Inc. provides expert financial consulting services.


The firm was acquired by RSC Insurance Brokerage, Inc. in April 2017. No details are provided regarding subsidiary relationships or prior pivots in strategy. Friedman & Friedman specializes in delivering comprehensive financial consulting services tailored to meet the unique needs of its clientele.


Their core offerings encompass a range of services, including investment analysis, risk management, and strategic financial planning. These services are designed to address various challenges faced by businesses seeking to optimize their financial performance and navigate complex market conditions. The firm serves a diverse client base that includes private enterprises, institutional investors, and high-net-worth individuals across multiple industries. Geographically, Friedman & Friedman operates primarily in North America and Europe, providing targeted financial solutions that leverage local market insights and expertise.


Friedman & Friedman generates revenue through a structured fee-based model, where clients are charged based on the specific services rendered, such as financial advisory or investment management. Typical transactions involve direct consultations and financial planning engagements, where a fixed fee is determined based on the scope and complexity of the services provided. The firm may also enter into retainer agreements with clients, ensuring ongoing support and advice, which secures a consistent revenue stream. While specific pricing plans for individual services are proprietary, flagship offerings are designed to cater to both individual and corporate clients, reflecting the firm's commitment to delivering tailored financial solutions that drive client success.


As of April 2017, following its acquisition by RSC Insurance Brokerage, Inc. , Friedman & Friedman plans to enhance its service offerings and expand into new markets. The firm is focused on developing new products that cater to the evolving needs of clients in the financial consulting sector. Specific geographic regions targeted for expansion include North America and Europe, capitalizing on local market insights.


Funding from the acquisition will be utilized to support these strategic initiatives and bolster the firm's operational capabilities.


Current Investors

Risk Strategies

Primary Industry

Insurance

Sub Industries

Personal Insurance, Life Insurance, Insurance Intermediaries, Health Insurance, Commercial Insurance

Website

www.friedmaninsurance.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Friedman & Friedman Agency, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedFriedman & Friedman Agency, Inc.-

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