Osaic Expands Independent Advisor Network with $190M AUM Acquisition
Event summary
- Osaic acquires Hoyt Jensen & Associates, adding $190M in client assets.
- Team led by Justin Hoyt and Jason Jensen transitions from Ameriprise Financial.
- Firm joins Undefined Gridlines, Inc., an Osaic OSJ in Phoenix area.
- Move positions practice for long-term scalability and succession planning.
The big picture
This acquisition continues the industry shift toward independent wealth management platforms, as advisors seek greater autonomy while maintaining access to institutional resources. Osaic's growth reflects a broader trend of consolidation among mid-sized advisory firms looking for scale advantages without sacrificing entrepreneurial culture. The $190M AUM addition represents meaningful but not transformative growth for Osaic's overall $35B+ platform.
What we're watching
- Advisor Recruitment Pace
- Whether Osaic can sustain this growth rate in independent advisor acquisitions.
- Integration Success
- How effectively Osaic assimilates new teams while maintaining autonomy promises.
- Competitive Response
- Whether Ameriprise and other traditional firms will counter with similar independence models.
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