Our Terms & Conditions | Our Privacy Policy
Osaic Gains Affiliates in California, Minnesota
Osaic Inc. announced new affiliations with Providence Wealth Planning, a Southern California-based independent advisory firm, and Blaze Credit Union, one of Minnesota’s largest credit unions.
Providence Wealth Planning, which has $275 million in client assets under administration, joined Osaic after more than nine years with LPL Financial. The firm’s founders, father and son Mark and Ian Massey, said they joined Osaic for its shared commitment to client service, enhanced technology, succession planning support and “adviser-first culture.”
Want the latest retirement plan adviser news and insights? Sign up for PLANADVISER newsletters.
“We built our business on the belief that financial advice is most powerful when it is anchored by trust, family values and long-term relationships,” said Mark Massey, president and CEO of Providence Wealth Planning, in a statement. “From our first conversations with Osaic, we felt welcomed, supported and aligned culturally.”
Blaze Credit Union was formed in 2024 through the merger of Spire Credit Union, which had an existing relationship with Osaic, and Hiway Credit Union. The combined union has $840 million in assets, with 28 branch locations serving nearly 250,000 members.
“We wanted a partner who truly values personal service and meaningful, lasting relationships,” said Jim Ganger, senior vice president and chief experience officer at Blaze Credit Union, in a statement. “We believe that Osaic’s strong technology, service commitment and adviser-first culture make them the right long-term choice for our team and the members we are privileged to serve.”
Blaze Retirement and Investment Services has eight advisers who will receive support from Osaic’s infrastructure.
Mercer Global Advisors Acquires Family Wealth Planning Group
Mercer Global Advisors Inc. announced the acquisition of Family Wealth Planning Group and its affiliate, Family Wealth Tax Advisory, a wealth and tax-planning firm based in Naples, Florida, that oversees $1.2 billion in assets.
Family Wealth Planning Group is a nine-person team and marks the third registered investment advisory firm with at least $1 billion in assets to join Mercer Advisors in the last three months.
“We are excited to join the Family Wealth team in serving more clients in Southern Florida,” said Dave Welling, CEO of Mercer Advisors, in a statement. “Their dedication to personalized, multigenerational wealth management also aligns with evolving client needs that we see across the country and prominently in Florida.”
Family Wealth Planning Group is also the 20th women-led partner firm to join Mercer Advisors.
Aspen Standard Wealth Acquires MG Financial
Aspen Standard Wealth LLC announced its acquisition of MG Financial LLC, a registered investment advisory firm with $1.1 billion in assets under management based in Braintree, Massachusetts.
According to MG Financial leadership, Aspen can amplify its growth.
“Aspen is a unique partner whose values are aligned with our own,” said Mary Gilligan, MG Financial’s CEO and CIO, in a statement. “They are focused on supporting our tight-knit, energetic culture and high standards of service.”
MG Financial is the fourth RIA that Aspen has acquired since launching in late 2024.
Steward Partners Acquires Longbridge Wealth Advisors
The financial services firm Steward Partners’ Legacy Division has acquired Longbridge Wealth Advisors, adding $481 million in assets. Longbridge Wealth Advisors, based in North Canton, Ohio, is led by partners Jack Elgin and Neven Zelich and includes three additional advisers.
“From the beginning, it was clear [Longbridge was] the right cultural fit,” said Scott Danner, Steward Partners’ executive vice president and head of legacy, in a statement. “They share our values, our client-first mindset, and our vision for long-term growth.”
Steward Partners’ Legacy Division supports established advisory teams seeking a long-term succession while maintaining their brands and client relationships.
Lido Advisors Completes Strategic Investment from HPS
Wealth advisory firm Lido Advisors announced the closing of its strategic investment from funds managed by HPS Investment Partners. The announcement did not specify the amount HPS had invested.
“I’m incredibly proud of the growth we’ve achieved while staying true to our client-first values,” said Jason Ozur, Lido’s CEO, in a statement. “I am excited to embark on the next phase of Lido’s journey with the additional support of HPS.”
Lido Advisors had $33.5 billion in regulatory assets under management as of June 30, and its other investors are Charlesbank Capital Partners and Constellation Wealth Capital. HPS had $157 billion of assets under management as of March 31.
Dynasty Financial Partners, Abacus Global Management Make Mutual Investments
Dynasty Financial Partners, a provider of wealth management and technology platforms, and Abacus Global Management Inc., an alternative asset management company, have made minority investments in each other.
Abacus’s network of owners and operators of independent firms will use Dynasty’s integrated technology, services, turnkey asset management program, digital lead generation services, capital solutions and investment bank.
“Our investment in Abacus illustrates our confidence in their business model, the strength of their balance sheet, and the commitment … to continue building out their wealth business,” said Shirl Penney, Dynasty’s founder and CEO, in a statement. “We look forward to supporting their strategic growth in the years to come.”
Dynasty has 57 network partner firms and over $105 billion in platform assets.
Tags
Reported by
Reprints
Please contact Industry Intel at Industry Intel.
Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.
Aggregated From –
Comments are closed.