Osaic, one of the nation’s largest providers of wealth management strategies, announced that Bard Financial Services, Inc., a Connecticut-based advisory firm overseeing approximately $1.2 billion in assets under management, has transitioned to Osaic’s Empowered Independence W-2 channel.
Bard Financial, headquartered in Branford, Connecticut, has partnered with Osaic since 1986. The move to the Empowered Independence model aligns the firm’s long-term growth strategy with a structure that supports succession planning and operational scale. The team is led by Financial Advisor Kenneth Spitzbard, a 40-year industry veteran who has appeared on multiple Best Advisors lists, including twice on the Financial Times FT 400. He is joined by Financial Advisor Jeffrey Welsh, with 33 years of experience; Managing Director Julie Cross Hoko; Wealth Advisor Mickey Goldberg; and Senior Operations Professional Jackie Weston.
Under the new structure, Bard Financial will continue leveraging Osaic’s brokerage and advisory platform while operating under Osaic’s corporate RIA. The model offers centralized infrastructure, compliance oversight, and technology resources, allowing the team to focus on client engagement and long-term business development.
Bard Financial serves clients nationwide, providing comprehensive wealth management and retirement plan services, including 401(k) consulting. The transition reflects continued momentum among established advisory firms seeking enhanced succession alignment and operational efficiency within Osaic’s W-2 framework.
Osaic’s Empowered Independence channel is built for entrepreneurial advisors seeking greater operational leverage while maintaining client-facing autonomy. By centralizing many of the administrative and compliance responsibilities associated with running an independent RIA, the model enables advisors to prioritize client outcomes, talent development, and sustainable growth.
KEY QUOTES:
“For nearly four decades, our priority has been delivering thoughtful, relationship-driven guidance to clients across the country. As we looked ahead, we wanted a business model that allows us to devote more time to clients and provide mentoring to the next generation of advisors, while continuing with a trusted partner for operational support.”
Kenneth (Ken) Spitzbard, Financial Advisor, Bard Financial Services
“Osaic’s Empowered Independence channel gives us the operational strength and flexibility to serve clients on our terms. It positions our firm to grow while maintaining the culture and relationships that define our practice.”
Jeffrey Welsh, Financial Advisor, Bard Financial Services
“Ken and his team represent the very best of long-term partnership and advisor excellence. Their decision to deepen their relationship with Osaic after more than 40 years speaks volumes about the strength of our platform and our Empowered Independence channel. We’re proud to support their continued growth and their thoughtful approach to succession planning.”
Cindy Hamel, Head Of Osaic Advisors Channel, Osaic
