The latest mergers, acquisitions and other corporate actions in the wealth management sector.

Osaic
Osaic, a wealth management firm based in Raleigh, North Carolina, announced this week that Bard Financial Services, a Branford, Connecticut-based advisory firm overseeing about $1.2 billion in assets under management, has joined Osaic’s Empowered Independence (W-2) channel.

Bard Financial has partnered with Osaic since 1986. By moving to the Empowered Independence model, Bard is adopting a structure to make succession and expansion easier to carry out, Osaic said.

The Bard team is led by financial advisor Kenneth Spitzbard, a 40-year industry veteran. He works with financial advisor and partner Jeffrey Welsh, who has 33 years of experience, and managing director Julie Cross Hoko, along with wealth advisor Mickey Goldberg and senior operations Professional Jackie Weston.

Bard will continue to use Osaic’s brokerage and advisory platform while operating under Osaic’s corporate RIA. 

Osaic is a portfolio company of Reverence Capital Partners.