Home Alts News Osaic Snags $600 Million Firm from Wells Fargo

Osaic Snags $600 Million Firm from Wells Fargo

Osaic Snags $600 Million Firm from Wells Fargo. Alternative investments, Wells Fargo, financial advisors, wealth management, financial services

Osaic, an independent wealth management firm formerly known as Advisor Group, announced that Investment Consulting Group has joined its recently rebranded and consolidated firm.

Osaic says the former Wells Fargo Advisors Financial Network group has more than $600 million in total client assets and is headquartered in Birmingham, Michigan.

The team includes managing partners and co-founders Christopher DeWolfe and Jason Franklin, vice presidents Judd Allen, Mark Ivanovic and Spencer Schmale, and financial advisor Clay Franklin.

Investment Consulting Group’s services ranges from strategic investment management and estate planning to tax optimization and retirement strategies.

“We chose to go independent with Osaic due to its open architecture and growth-oriented culture,” Franklin said. “We are excited about the tools they provide our team to offer clients an elevated service experience. At the same time, their dedicated marketing support, practice management solutions and business-building resources will ease our transition and help us achieve our long-term growth goals. We had several options when we decided to leave the wirehouse, but it quickly became clear that Osaic was the right one.”

Osaic Inc. is a portfolio company of Reverence Capital Partners and is one of the nation’s largest providers of wealth management solutions, supporting over 11,000 financial professionals.

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