M and A
Deals Of The Day: The Latest In Wealth Management M&A – Osaic, Pointes North
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The latest mergers, acquisitions and other corporate actions in the wealth management sector.
Osaic
Osaic, a wealth
management strategy provider, has announced that Pointes North
Wealth Management has joined its Empowered Independence
channel.
Pointes North based in Salem, New Hampshire – led by managing partners Nathan Auclair and Brent Balloch – oversees more than $500 million in client assets. It is transitioning from an independent model to Osaic’s W-2 structure.
Innovative Financial Group, an Osaic office of supervisory jurisdiction (OSJ), played a central role in facilitating the transition and helping design a structure aligned with Pointes North’s long-term goals.
In late February Osaic announced that Bard Financial Services, a Branford, Connecticut-based advisory firm overseeing about $1.2 billion in assets under management, had joined the Empowered Independence (W-2) channel.