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

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.