Firefly Wealth Management, LLC

06/17/2026

We're halfway through the year — a good time for a question a lot of senior associates and of counsel push off until December: if you make partner this year, are you ready for the financial side of it?

Most firms elevate new partners effective January 1. That sounds far off. But the planning you'd actually want to do takes longer than the rush between the offer and the signature.

Three things that change when you become an equity partner:

→ The capital buy-in. Becoming an equity partner usually means contributing capital to the firm, often a six-figure sum. Many new partners finance it with a partner capital loan from a bank. Buy-in ranges can run roughly $250K–$1M depending on firm size and seniority.

→ W-2 becomes K-1. Your paycheck stops withholding taxes for you. To the IRS you're now self-employed: self-employment tax, quarterly estimated payments, and often multi-state filings. The cash-flow shift catches a lot of first-year partners off guard.

→ The benefits you took for granted change. Employer-paid health coverage and the old 401(k) match work differently as an owner — but new doors open too, like cash balance plans and other high-contribution retirement vehicles.

None of this should make you hesitate on partnership. It's a reason to model it now, at the midpoint of the year, instead of in the scramble right before you sign.

If partnership could be on your horizon, book a call and we'll run the numbers while you still have runway.

Firefly Wealth works only with attorneys.

Firefly Wealth Management, LLC is an Ohio state registered investment adviser.

04/30/2026

When a “sale” isn’t really discount. At Firefly Wealth Management, we help our clients with spending decisions. Maybe not about cream cheese, but if you need to make a large financial commitment, we help you understand the fine print - from school and housing, to medical care and legacy transfer. We work to grow your wealth, and just as importantly, keep it for you and your family. If you are an attorney, and you don’t have the time your finances require, we have your back. Call for a free consultation, or maybe we can meet in person for coffee/tea and a bagel with cream cheese.

04/16/2026

"What am I actually paying for?"

It's the question every client should ask their financial advisor — and too few do.

Recently, two prospective clients asked us the reverse: what services they *wouldn't* get from Firefly Wealth Management, LLC, because our fee seemed too low compared to what they pay now. One declined to work with us for that reason alone, thinking there must be a catch.

The real answer? They're likely overpaying for investment management — and possibly not receiving comprehensive financial planning in return.

At Firefly Wealth Management, our mission is to lower the advisory fees lawyers and their families pay, while delivering full-scope planning and tax-efficient investment management under one transparent, fee-only structure. Most prospective clients save at least 10% on advisory fees — often more — simply by rethinking who advises them. Over a career, that compounds into real money.

As a fee-only fiduciary, we don't earn commissions. We're paid to give advice that's in your best interest.

And for younger lawyers and summer associates, we built A Lawyer's Path — quality guidance at a low cost, so you can start your career path on solid footing.

If you'd like to see whether you can lower your fees without giving up full-scope planning, let's talk.

www.fireflywm.com


Financial Planning & Investment Management | Firefly Wealth Management LLC

03/16/2026

Today marks a significant milestone for Firefly Wealth Management, LLC as we celebrate our anniversary with exciting news! We are proud to announce that we will exclusively serve lawyers and their families, beginning April 1.

In honor of this occasion, we are launching new services aimed at reaching younger lawyers who may not yet have a large asset base. Introducing A Lawyer's Path - tailored services and pricing designed to align with various stages of your career, from Summer Associates to Equity Partners and beyond.

For more information, visit our website to book an appointment or sign up directly.

Affordable, fiduciary financial planning and investment guidance designed specifically for attorneys - from your first Summer Associate paycheck though equity-partnership and beyond.

02/14/2026

Very excited to be a sponsor! A fun event to support an important organization!

02/07/2026

Very excited!

We are thrilled to announce that Joshua Levine of Firefly Wealth Management, LLC has been appointed to our North Royalton Chamber of Commerce Board. We look forward to his insight and leadership in this new capacity.

02/04/2026

Excited to announce that Joshua Levine has joined the Board of the North Royalton Chamber of Commerce.

01/08/2026

As we enter the new year, an important reminder that a financial plan serves as an essential tool for prioritizing financial goals and ensuring that your investment management strategy aligns with those objectives.

At Firefly Wealth Management, we believe that a comprehensive financial plan is the cornerstone of a sound investment management strategy. A financial plan also provides a framework to explore and analyze various scenarios:

General concerns such as: Purchasing a new home, saving for college, changing jobs, caring for a family member or friend, or any other financial concerns.

Detailed decisions that may include: Contribution amounts to retirement plans, tax efficient investing, utilizing pre-tax and post-tax accounts, determining the optimal time to claim Social Security benefits, or any other financial decisions that need to be made.

Please speak to us to see how we can best support your family.

01/05/2026

Welcome 2026! Best wishes to everyone in the new year!

12/19/2024

Very happy to be the featured Affiliate in the December 2024 Cleveland Metropolitan Bar Association Bar Journal (page 7!)

Firefly Wealth Management is a State of Ohio registered investment adviser.