Osaic

Osaic, formerly known as Advisor Group, is a network of independent wealth management firms.[1] With its headquarters in Phoenix, Arizona, it is one of the largest network of independent broker-dealers in the US, with over 6,000 registered representatives, many of whom are also investment advisors.[2] There are four separate broker-dealers that constitute Advisor Group: SagePoint Financial based in Phoenix, AZ; Royal Alliance in New Jersey; FSC Securities Corporation located in Atlanta, GA; and Woodbury Financial Services located in Oakdale, MN.

Osaic
TypeOsaic
IndustryWealth Management Firm
Headquarters
Phoenix, AZ
,
United States
Key people
Jamie Price (CEO),
Valerie Brown (chairman)

The CEO of Advisor Group is Jamie Price.[3]

Acquisitions

In 2019, Advisor Group acquired Ladenburg Thalmann Financial Services valued at $1.3 billion. The deal closed in the first half of 2020.[4]

In May 2022, Advisor Group acquired Infinex Financial Holdings and in June of that same year acquired American Portfolios Financial Services.[5][6]

References
  1. "Advisor Group Builds Out Leadership With Two New Hires". Wealth Management. May 6, 2022. Retrieved January 5, 2023.
  2. "Joby Gruber Out at AIG – Articles – Financial Planning". Retrieved April 10, 2023.
  3. Berman, Jeff; AM, 2020 at 11:06. "Advisor Group Rolls Out Updated UMA Platform". ThinkAdvisor. Retrieved August 21, 2020.
  4. "Advisor Group to Acquire Ladenburg in $1.3 Billion Deal". AdvisorHub. November 12, 2019. Retrieved October 24, 2022.
  5. Welsch, Andrew. "Advisor Group Buys $40 Billion Independent Broker-Dealer". www.barrons.com. Retrieved January 16, 2023.
  6. Levaux, Janet. "Advisor Group to Buy $40B American Portfolios". ThinkAdvisor. Retrieved January 16, 2023.
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