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Two LPL-Affiliated Super-OSJs Merge in Latest Consolidation

Two LPL-affiliated super offices of supervisory jurisdiction have announced plans to merge amidst the ongoing consolidation trend seen in the independent broker-dealer space. Chicago-based IHT Wealth Management, one of LPL’s largest national super-OSJ groups supporting approximately $2.4 billion in total client assets, is bringing Kansas-based nVision Wealth Group onto its platform.

nVision Wealth Group, formed in 2014 by industry veterans Mike Osborne, David Wernli and Paul Ward, is comprised of five Kansas-based independent financial advisory practices, encompassing 14 independent financial advisors who collectively manage approximately $570 million in fee-based advisor, brokerage and retirement plan assets.

Under the terms of this agreement, nVision’s five practices will transition their RIA assets to IHT’s platform and join the firm’s super-OSJ. The practices include nVision Wealth in Overland Park; Spencer, Wernli & Wilson Advisors in El Dorado; Spencer, Wernli & Wilson Advisors in Augusta; Tall Oaks Advisors in Overland Park; and Castle Wealth Management in Overland Park.

“We’re thrilled to team with all five of nVision’s independent financial advisor businesses,” said IHT founder and president Steven Dudash. “The ongoing flight to quality among independent advisors from smaller broker-dealers to larger firms has been mirrored by a similar trend occurring across the Super-OSJ space, and as more and more advisors realize that clients win when firms come together to share costs, secure preferred pricing arrangements and become more adept at tackling compliance duties we expect this burgeoning industry trend to continue.”

IHT Wealth Management specializes in financial planning, legacy and retirement planning, investment management and insurance and risk management.

Based in Overland Park, Kansas, nVision Wealth Group provides financial planning and other retirement planning services for mass affluent investors and retirement plans across the country.

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