Lincoln Financial Advisors Osaic has expanded its services to cater to the diverse financial needs of its clients.
The company now offers a range of investment products, including mutual funds and exchange-traded funds.
With this expansion, clients can expect more personalized advice and guidance from their financial advisors.
This expanded service is a result of the company's commitment to delivering exceptional client experiences.
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Osaic Acquisition
Osaic, Inc. acquired Lincoln Financial Advisors Corporation and Lincoln Financial Securities Corporation, the wealth management firms that make up Lincoln Wealth, in a deal that brings over 1,400 financial advisors to Osaic's network.
The acquisition was announced on May 6, 2024, and follows a decade-long strategic partnership between Osaic and Lincoln National Corporation.
The Lincoln Wealth team is highly regarded for their holistic planning-focused approach, and Osaic is thrilled to welcome them into their network.
The acquisition expands Osaic's national network of seasoned and specialized financial professionals, and the company is committed to providing the team with the support and resources they need to succeed.
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Osaic's President and CEO, Jamie Price, said the company is "honored" that the Lincoln team chose to join Osaic.
The Lincoln Wealth firms will join Osaic as stand-alone entities until they fully convert into Osaic in the coming months.
Osaic is one of the nation's largest providers of wealth management solutions, supporting approximately 11,600 financial professionals.
The acquisition brings over $115 billion in assets under management to Osaic's network, making it one of the largest wealth management deals in recent history.
Eversheds Sutherland, LLP served as Osaic's legal counsel in the acquisition.
Osaic's acquisition of Lincoln Wealth is a significant move in the wealth management industry, and it's expected to have a major impact on the company's growth and success.
The deal was valued at $700 million, and Osaic expects to fully consolidate Lincoln's wealth business in the next several months.
Osaic's assets under advisement are approximately $71 billion, and its managed assets are around $38 billion.
The company's President and CEO, Jamie Price, said the addition of the Lincoln Wealth team will expand Osaic's national network of seasoned and specialized financial professionals.
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Osaic's acquisition of Lincoln Wealth is just one of the many moves the company has made to expand its network and provide more resources to its financial professionals.
The company's mission is to support the strategic role that financial professionals can play in the lives of their clients, and it's committed to providing the best possible support and resources to its advisors.
Osaic's acquisition of Lincoln Wealth is a significant step in achieving that mission, and it's expected to have a major impact on the company's growth and success.
Lincoln Financial Advisor News
Brian Pflaum, a financial advisor, has joined LPL Financial after being with Lincoln Financial Advisors since 1998.
He managed around $345m in client assets at Lincoln, where he was part of the Sagemark Consulting team.
Pflaum has renamed his practice to TPG Private Wealth after making the move to LPL.
He began assessing his options after hearing about Lincoln's planned sale to Osaic.
Pflaum is based in Birmingham, Alabama, and has joined LPL's RIA, broker-dealer, and custodial platforms.
Related reading: Osaic Lincoln Financial
Frequently Asked Questions
Is Lincoln Financial a reputable company?
Yes, Lincoln Financial is a reputable company with a strong financial foundation, holding an A+ rating from AM Best. This indicates a high level of financial stability and reliability.
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