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

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 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.

Bain Capital Takes 9.9% Stake in Lincoln Financial

April 9, 2025

Financial Services

Bain Capital will acquire a 9.9% equity stake in Lincoln National Corporation (Lincoln Financial) for $825 million via the purchase of approximately 18.8 million shares at $44.00 per share. The transaction establishes a 10-year strategic asset management relationship—with Bain serving as an investment manager across multiple private asset classes—and provides Lincoln with growth capital to advance its portfolio management and strategic priorities; closing is expected in the second half of 2025 subject to customary conditions.

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

July 23, 2025

Wealth Management

Osaic, Inc. acquired a majority interest in Innovative Wealth Team, a Nashville-based advisor succession and wealth management practice that manages approximately $700 million in assets. The deal expands Osaic's supported independence offering by adding turnkey succession and continuity solutions for advisors nearing retirement.

Allworth Financial Acquires UAS Wealth Advisors

June 8, 2022

Wealth Management

Allworth Financial has acquired UAS Wealth Advisors of Albuquerque, New Mexico; financial terms were not disclosed. UAS manages about $427 million in assets for roughly 290 clients and the deal expands Allworth's Southwest footprint while enabling a leadership succession plan for the UAS advisors.