Osaic Lincoln Financial Expands Portfolio with New Acquisition

Osaic Lincoln Financial has made a significant move in the financial industry by acquiring a new company, expanding its portfolio and solidifying its position as a major player.

This strategic acquisition is expected to bring in new revenue streams and enhance the company's offerings, making it an attractive option for investors.

The acquisition is a key part of Osaic Lincoln Financial's long-term growth strategy, which aims to provide customers with a wider range of financial services and products.

By expanding its portfolio, Osaic Lincoln Financial is well-positioned to meet the evolving needs of its customers and stay ahead of the competition.

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Osaic finalized its acquisition of Lincoln Financial's wealth business, a deal worth $700 million, last December.

The acquisition brings over 1,400 advisors and $115 billion in client assets to Osaic.

Osaic boasts about $71 billion in assets under advisement and $38 billion in managed assets.

The Lincoln Wealth team will join Osaic as stand-alone entities before fully converting into Osaic in the coming months.

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No repapering is required, and account numbers will remain the same.

Osaic's debt ratio is expected to remain stable despite the acquisition.

Moody's Investors Services and Fitch Ratings concurred in their assessments, saying they expected Osaic's credit to remain stable.

The acquisition follows a decade-long strategic partnership between Osaic and Lincoln National Corporation.

Jamie Price, Osaic's President and CEO, said the addition of the Lincoln Wealth team expands the Osaic national network of seasoned and specialized financial professionals.

Greg Cornick, President of Advice and Wealth Management at Osaic, said the organization will benefit from onboarding the Lincoln Wealth leadership team, employees, and advisors.

Osaic's rebranding plan includes rolling the eight Advisor Group broker/dealers under one entity, which is expected to be completed within 18 to 24 months.

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Osaic has made a significant move in the wealth management industry by welcoming Cohen Financial Services from Cetera Advisors. This partnership marks a major milestone for Osaic.

Osaic is one of the nation's largest providers of wealth management services.

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