Du Lac Wealth Services, a Cary, North Carolina-based wealth advisory firm, has joined Osaic, transitioning from LPL Financial and bringing approximately $200 million in client assets to one of the nation’s largest providers of wealth management strategies. The move reflects Du Lac Wealth’s strategy to access a more flexible platform and expanded resources as the firm pursues continued growth through its disciplined acquisition approach.
Du Lac Wealth is led by Managing Director James Mertens, CFA, a 20-year industry veteran, alongside Wealth Advisors Garrett Railsback, CFP, and Kerry Goodman, AIF, and Client Experience Manager Jaunt’e Smith. The team serves clients through a relationship-driven approach with a focus on thoughtful growth and continuity, with a particular emphasis on serving clients of retiring advisors through tax-aware portfolio transitions that minimize disruption during ownership changes.
Osaic, a portfolio company of Reverence Capital Partners, supports more than 10,000 financial professionals and has been attracting a growing number of advisory firms to its platform in recent months. Du Lac Wealth joins a list of recent additions including C&N Wealth Management, The Finance Couple, and Gardner Wallace Financial, each drawn to Osaic’s advisor-centric model and flexible infrastructure. Osaic said its platform is designed to level the playing field for firms pursuing mergers and acquisitions while enhancing the day-to-day client experience.
Du Lac Wealth said the partnership with Osaic aligns with its service-first culture and positions the firm to scale its acquisition strategy more effectively. The team’s approach to acquiring retiring advisor practices centers on preserving long-standing client relationships and ensuring seamless transitions, a model that the firm said requires the kind of operational support and resources that Osaic’s platform provides.
KEY QUOTES:
“Osaic is a great match for our service first culture and how we grow our practice. Osaic provides key resources to level the M&A playing field while upgrading our day to day client experience.”
James Mertens, Managing Director, Du Lac Wealth Services
