Osaic, one of the largest providers of wealth management solutions in the United States, has announced that Virtus Wealth Solutions has joined its Supported Independence channel. Virtus Wealth, based in Morgantown, West Virginia, manages 460 million dollars in client assets and made the transition from Commonwealth Financial Network as part of its strategy to position the firm for long-term growth.
Financial planner Rachel Wood founded Virtus Wealth and is notable for being an all-women team of advisors and operations professionals. The firm serves clients across the country while maintaining a strong presence in its local Morgantown community. Alongside Rachel, advisor Tressa Wood is a Certified Financial Planner, and the team includes five additional staff members, many of whom are working toward becoming CFP-licensed advisors themselves. This structure reflects the firm’s commitment to building a strong pipeline of future leaders in financial planning.
By joining Osaic’s Supported Independence channel, Virtus Wealth gains access to resources that will help it expand succession planning and prepare for the future. The firm will also benefit from Osaic’s advanced technology platform, which is designed to enhance the client service experience and support advisors in delivering comprehensive financial solutions.
Virtus Wealth’s fee-based model aligns closely with the Supported Independence framework, making the transition a natural fit. Rachel Wood has emphasized the importance of developing future generations of women advisors. Tressa represents the second generation of leadership within the firm, and Rachel is already working with Osaic’s Business Coaching and Consulting team to prepare a third generation of advisors, ensuring continuity and long-term stability for the practice.
This move is part of a broader trend, as several other firms have recently joined Osaic from Commonwealth, including Bridenback Wealth Management and Spear Wealth Management. Additionally, advisors Tom Schaible and Al Russo have also transitioned to Osaic’s Supported Independence model. These developments highlight Osaic’s ongoing commitment to supporting firms that prioritize client service, values-driven leadership, and sustainable growth.
KEY QUOTES:
“Virtus Wealth is a family- and community-focused firm, and Osaic shares our vision to achieve that. We’ve gotten to know the Osaic team well and we have the utmost confidence in the support we will receive to help us achieve our goals on behalf of our clients.”
Rachel Wood
“Our clients trust us for personalized, values-driven guidance. With Osaic’s support, we are positioned to enhance the client experience, expand our capabilities, and deepen our impact.”
Tressa Wood
“Rachel and the Virtus Wealth team embody the entrepreneurial spirit and client-first focus that thrive on our platform. We are especially proud to support an all-women team committed to mentoring the next two generations of advisors.”
Jamie Price, president and CEO of Osaic
