Osaic Acquires Majority Stake in Innovative Wealth Team ($700M AUM)

Osaic Onboards Nova Wealth ($180M AUA)

November 29, 2024

Financial Services

Osaic, a national wealth management platform, announced that Nova Wealth, an independent wealth manager based in Buffalo, New York managing $180 million in client assets, has joined the Osaic network. The move expands Osaic's advisor network and adds Nova Wealth's retirement income distribution planning capabilities to Osaic's platform.

Osaic Adds True Wealth Advisors and Soundview Financial Group to Advisor Network

December 7, 2025

Financial Services

Osaic has expanded its national advisor platform by adding True Wealth Advisors (approximately $705 million in client assets) and Soundview Financial Group (approximately $104 million in client assets). Both independent advisory firms joined Osaic from prior affiliations (True Wealth from LPL Financial; Soundview from Commonwealth) to access Osaic's technology, operational support, and succession/capital solutions, strengthening Osaic's presence — particularly in the Mountain West and Pacific Northwest.

Osaic Acquires CW Advisors

June 17, 2025

Financial Services

Osaic, a portfolio company of Reverence Capital Partners, has acquired Boston-based CW Advisors, a registered investment advisor managing roughly $13.5–14.5 billion in fee-only client assets. The deal (purchased from Audax Private Equity) expands Osaic’s scale and capabilities in the fee-only channel and high-net-worth / ultra-high-net-worth wealth management market while allowing CW Advisors to remain operationally independent.

Osaic Acquires Lincoln Wealth (Lincoln Financial Advisors & Lincoln Financial Securities)

May 6, 2024

Wealth Management

Osaic, a portfolio company of Reverence Capital Partners, has completed the acquisition of Lincoln Wealth — Lincoln Financial Advisors Corporation and Lincoln Financial Securities Corporation — from Lincoln National Corporation / Lincoln Financial Group. The deal transfers roughly 1,400–1,450 financial professionals and about $115 billion in assets under management to Osaic and was reported to provide Lincoln with approximately $650 million of capital benefit.

Wealth Enhancement Acquires the Capstone Team from Capstone Wealth Advisors, LLC

February 6, 2025

Wealth Management

Wealth Enhancement, a national independent wealth management firm, has welcomed the Capstone Team from Capstone Wealth Advisors, LLC — a team of six advisors and five support staff overseeing approximately $618 million in client assets. The move expands Wealth Enhancement’s presence in the Pacific Northwest and increases its total client assets to more than $102.7 billion.

Modern Wealth Management Acquires OFM Wealth

April 29, 2025

Wealth Management

Modern Wealth Management, a Crestview Partners-backed RIA platform, has signed an asset purchase agreement to acquire Chicago-area OFM Wealth, bringing Modern Wealth's AUM to over $7.5 billion. OFM Wealth's six-person team will join Modern Wealth's national platform to access centralized services and support as part of Modern Wealth's continuing roll-up strategy.