Osaic Closes Lincoln RIA and BD Acquisition

May 14, 2024 by John Manganaro

Osaic, formerly Advisor Group, says it has successfully closed its acquisition of broker-dealer Lincoln Financial Advisors and Lincoln Financial Securities, its partner registered investment advisor firm.

Osaic revealed its acquisition plan in December, noting that the dual transaction would bring about 1,450 advisors and $115 billion in client assets to the firm. At the time, Osaic executives projected these advisors to join Osaic by June 30, following regulatory approval, bringing its total assets under management and advisement to over $600 billion.

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Originally Posted at Think Advisor on May 8, 2024 by John Manganaro.