Osaic Expands Independent Advisor Network with $252M Westport Private Wealth Addition — Osaic, Inc.

Event summary

Osaic has added Westport Private Wealth, an independent wealth management firm with $252M in client assets.
The acquisition was facilitated through Osaic's New York Financial Partners office of supervisory jurisdiction (OSJ).
Financial advisors Scott Mastocciolo and Stuart Gollomp will lead the team under the Westport Private Wealth brand.

The big picture

Osaic's addition of Westport Private Wealth underscores the ongoing consolidation trend in wealth management, where independent advisors seek platforms that offer both autonomy and scalable resources. With over $252M in AUM joining its network, Osaic continues to position itself as a major player in supporting entrepreneurial advisors. This move aligns with broader industry shifts towards hybrid models that combine independence with institutional backing.

What we're watching

Advisor Retention: Whether Osaic can sustain its growth trajectory by attracting more independent advisors seeking scale and support.
Platform Differentiation: How Osaic's technology and operational support will differentiate it from competitors in the independent advisor space.
Market Expansion: The pace at which Osaic can expand its footprint through similar acquisitions in other regions.