Osaic, a major wealth management firm, acquired a majority stake in Innovative Wealth Team, which manages about $700 million.
This partnership provides independent advisors with a ready-to-use succession partner, enabling them to retain business value and ensure seamless service.
Founded by Brian Heapps, Innovative Wealth focuses on succession planning for retiring advisors. This aligns with Osaic’s goal of supporting independence amid over $124 trillion in assets expected to transfer and one-third of advisors retiring by 2048.
This deal builds on recent acquisitions, such as CW Advisors and Payant Wealth Management, positioning Osaic as a long-term partner for growth and succession.
KEY QUOTE:
“This partnership exemplifies our commitment to investing in the future of wealth management by offering flexible, scalable solutions for advisors at every stage of their journey, while ensuring their clients are cared for across generations.** The Innovative Wealth Team enhances our supported independence model, helping advisors operate more efficiently, access capital, and eventually transition their practices smoothly.”
Jamie Price, President and CEO of Osaic
