Osaic, previously Advisor Group, says it has efficiently closed its acquisition of broker-dealer Lincoln Monetary Advisors and Lincoln Monetary Securities, its accomplice registered funding advisor agency.
Osaic revealed its acquisition plan in December, noting that the twin transaction would result in 1,450 advisors and $115 billion in shopper belongings to the agency. On the time, Osaic executives projected these advisors to affix Osaic by June 30, following regulatory approval, bringing its complete belongings below administration and advisement to over $600 billion.
Jamie Value, president and CEO of Osaic, mentioned the addition of the Lincoln Wealth staff expands the Osaic nationwide community of seasoned and specialised monetary professionals. The acquisition follows a decade-long strategic partnership between Osaic and Lincoln Nationwide Corp., he mentioned.
“They’re extremely considered among the most holistic planning-focused professionals within the wealth administration trade,” Value mentioned. “We lengthen a heat welcome and sit up for persevering with to supply their staff of advisors and associates with the help, experience and sources they should make a distinction of their shoppers’ lives.”