Osaic, Inc. acquires wealth management business from Lincoln Financial Group
05/06/24, 6:00 PM
Location
Industry
finance
financial services
financial services
Osaic, Inc., one of the nation’s largest providers of wealth management solutions, has completed the acquisition of the wealth management business, including all ownership interests in the Lincoln subsidiary entities, from Lincoln Financial Group. The sale provides Lincoln with approximately $650 million of capital benefit, which the company will primarily use to increase its risk-based capital ratio.
Company Info
Location
Scottsdale, Arizona, United States
Company info
Osaic is one of the nation's largest providers of wealth management strategies, supporting approximately 10,500 financial professionals. The company's mission is to support the strategic role that financial professionals can play in the lives of their clients. Osaic champions the enduring value of financial professionals.