Osaic Lands $600 Million Wells Fargo Team

Michael Madden, Contributing Editor & Research Analyst, Wealth Solutions Report

Recently Rebranded Firm Recruits Michigan-Based Wirehouse Team Of Six Advisors

Osaic announced Investment Consulting Group (ICG), a Birmingham, Michigan-based advisory firm with over $600 million in client assets, has joined its network of independent financial advisors. The ICG team, formerly part of the Wells Fargo Advisors Financial Network, includes Managing Partners and Co-Founders Christopher DeWolfe and Jason Franklin; VPs Judd Allen, Mark Ivanovic and Spencer Schmale; and Financial Advisor Clay Franklin.

The ICG team focuses on delivering individualized and comprehensive financial advisory solutions to its corporate executive, small business owner and individual clients. Services include wealth planning, investment management, tax optimization, estate planning and retirement planning guidance.

Kristen Kimmell, EVP Business Development, Osaic

“We chose to go independent with Osaic due to its open architecture and growth-oriented culture,” said Jason Franklin. “We are excited about the tools they provide our team to offer clients an elevated service experience. At the same time, their dedicated marketing support, practice management solutions and business-building resources will ease our transition and help us achieve our long-term growth goals.”

Osaic EVP Business Development, Kristen Kimmell, said, “Osaic’s value proposition and forward-looking focus are attracting talented advisors and impressive firms with sophisticated practices. We are committed to ensuring their advisors and clients have everything they need to thrive in this evolving industry. We welcome them to the firm and look forward to partnering with them to help them meet their ambitious growth goals.”

Greg Cornick, President Advice and Wealth Management, Osaic

“Our scale is a major strength, and that is being recognized and appreciated by advisors across the industry, including those looking to leave the captive model and go independent,” said Greg Cornick, Osaic President Advice and Wealth Management. “We have the talent, resources and proven ability to help advisors take their practices to the next level, both through organic growth and M&A.”

Osaic is backed by Reverence Capital Partners and supports over 11,000 financial professionals. In July, Osaic recruited Vitucci Integrated Planning from Cetera, following its June rebrand from its previous name – Advisor Group – during which it announced plans to unite its subsidiaries and streamline operations.

Michael Madden, Contributing Editor and Research Analyst at Wealth Solutions Report, can be reached at mmadden@wealthsolutionsreport.com.

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