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Osaic, Inc. acquires wealth management business from Lincoln Financial Group

May 06, 2024over 1 year ago

Acquiring Company

Osaic

Acquired Company

Lincoln Financial Group

ScottsdaleRadnorFintechFinanceFinancial Services

Description

Osaic, Inc., one of the nation’s largest providers of wealth management solutions, has completed the acquisition of the wealth management business, including all ownership interests in the Lincoln subsidiary entities, from Lincoln Financial Group. The sale provides Lincoln with approximately $650 million of capital benefit, which the company will primarily use to increase its risk-based capital ratio.

Company Information

Company

Osaic

Location

Scottsdale, Arizona, United States

About

Osaic is one of the nation's largest providers of wealth management strategies, supporting approximately 10,500 financial professionals. The company's mission is to support the strategic role that financial professionals can play in the lives of their clients. Osaic champions the enduring value of financial professionals.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed