Lincoln's independent broker-dealer and
registered independent advisory firms bring more than 1,400
financial advisors to Osaic's growing wealth management network
PHOENIX, May 6, 2024
/PRNewswire/ -- Osaic, Inc. ("Osaic"), one of the nation's largest
providers of wealth management solutions, today announced the close
of the acquisition of Lincoln Financial Advisors Corporation
("LFA") and Lincoln Financial Securities Corporation ("LFS"), the
wealth management firms that make up Lincoln Wealth from Lincoln
National Corporation. As a result of the transaction, more than
1,400 advisors overseeing approximately $115
billion in assets will be onboarded to Osaic.
"The addition of the Lincoln Wealth team expands the Osaic
national network of seasoned and specialized financial
professionals. They are highly regarded as some of the most
holistic planning-focused professionals in the wealth management
industry. We are truly honored they chose to join Osaic," said
Jamie Price, President and Chief
Executive Officer of Osaic. "We extend a warm welcome and look
forward to continuing to provide their team of advisors and
associates with the support, expertise and resources they need to
make a difference in their clients' lives."
The acquisition follows a decade-long strategic partnership
between Osaic and Lincoln National Corporation. LFA and LFN will
join Osaic as stand-alone entities until they fully convert into
Osaic as part of the firm's consolidation in the coming months.
"Lincoln Wealth has a long history of helping advisors build
thriving practices," added Greg
Cornick, President, Advice and Wealth Management at Osaic.
"We are thrilled to welcome the leadership team, employees and
advisors into our network and deliver more of the tools they need
to create a best-in-class client experience."
Eversheds Sutherland, LLP served as Osaic's legal counsel.
About Osaic
Osaic, Inc. ("Osaic"), a portfolio company
of Reverence Capital Partners, is one of the nation's largest
providers of wealth management strategies, supporting approximately
11,600 financial professionals. Our mission is to support the
strategic role that financial professionals can play in the lives
of their clients. Cultivating a spirit of entrepreneurship and
independence, Osaic champions the enduring value of financial
professionals. For more information, visit www.osaic.com
Securities and investment advisory services are offered through
the firms: Osaic Wealth, Inc., Triad Advisors, LLC, and Osaic
Institutions, Inc., broker-dealers, registered investment advisers,
and members of FINRA and SIPC. Securities are offered through
Securities America, Inc., American Portfolios Financial Services,
Inc., and Ladenburg Thalmann & Co., broker-dealers and members
of FINRA and SIPC. Advisory services are offered through Arbor
Point Advisors, LLC, American Portfolios Advisors, Inc., Ladenburg
Thalmann Asset Management, Inc., Securities America Advisors, Inc.,
and Triad Hybrid Solutions, LLC, registered investment advisers.
Advisory programs offered by Osaic Wealth, Inc., Securities America
Advisors, Inc., and Triad Advisors, LLC., are sponsored by
VISION2020 Wealth Management Corp., an affiliated registered
investment adviser.
Media Inquiries
Prosek Partners for Osaic
pro-Osaic@prosek.com
646-818-9038
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SOURCE Osaic