Osaic Expands with $352M Women-Led Advisory Team from Commonwealth — Osaic, Inc.

Event summary

Heather Hackett's women-led Financial Planning Department joins Osaic from Commonwealth, bringing $352M in client assets.
The Long Beach-based team provides comprehensive financial planning, investment management, and tax-focused strategies.
Osaic was chosen for its advisor-centric culture, integrated technology stack, and scalable support model.
Hackett cited Osaic's enhanced technology, improved efficiency, and strong support structure as key factors in the move.

The big picture

Osaic's acquisition of a women-led advisory team underscores the industry trend toward personalized, high-touch financial planning services. The move aligns with broader shifts towards scalable support models and integrated technology stacks that empower advisors to focus on client relationships. With over $352M in assets transitioning to Osaic, this deal highlights the growing importance of advisor-centric platforms in wealth management.

What we're watching

Advisor Retention: Whether Osaic can sustain its appeal to high-caliber, women-led advisory teams through continued platform enhancements.
Scalability Impact: The pace at which Osaic integrates new teams and maintains service quality amid rapid growth.
Market Differentiation: How Osaic's advisor-centric model positions it against competitors in attracting entrepreneurial advisors.