$285M Wealth Management Team Joins Osaic from LPL
Event summary
- $285M in client assets transition from LPL to Osaic-affiliated Meyers Wealth Management Group.
- Tim and Mitch Meyers launch independent firm in Wenatchee, Washington.
- Osaic provides technology platform and transition support for the move.
- Firm serves high-net-worth clients through predominantly fee-based model.
The big picture
This transition reflects the ongoing shift of wealth management teams from traditional broker-dealers to independent platforms offering greater autonomy and technology support. With over $285M in assets, this move represents a significant win for Osaic as it competes with larger consolidators like LPL Financial. The deal highlights advisors' increasing demand for scalable infrastructure that maintains client relationships while enabling growth.
What we're watching
- Independent Advisor Growth
- How Osaic will leverage this transition to attract more high-AUM teams from competitors.
- Technology Adoption
- Whether Meyers Wealth's success with Osaic's platform will demonstrate its scalability for other advisors.
- Regional Expansion
- The pace at which Osaic can establish similar independent firms in other underserved markets.
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