Acquiring Company
OSAIC
Acquired Company
Lincoln Financial
ScottsdaleRadnorFinancial ServicesFinanceFintechLendingBankingFinancial ServicesFinanceBankingDescription
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.
Quick answer
OSAIC is acquiring Lincoln Financial, announced May 6, 2024. OSAIC is based in Scottsdale, Arizona, United States.
- How much did OSAIC pay for Lincoln Financial?
- The deal value was not disclosed.
- What does OSAIC do?
- Osaic, Inc. ("Osaic"), a portfolio company of Reverence Capital Partners, is one of the nation's largest providers of wealth management solutions, supporting over 10,500 financial professionals.
- Where are OSAIC and Lincoln Financial based?
- OSAIC is based in Scottsdale, Arizona, United States. Lincoln Financial is based in Radnor, Pennsylvania, United States.
- Who are the decision-makers at OSAIC?
- Fundz holds 3 contacts at OSAIC. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at OSAIC, and when
When OSAIC changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Related People
Frequently asked
Who acquired Lincoln Financial?
Lincoln Financial was acquired by OSAIC, based in Scottsdale. The deal was reported on May 6, 2024. Osaic, Inc. ("Osaic"), a portfolio company of Reverence Capital Partners, is one of the nation's largest providers of wealth management solutions, supporting over 10,500 financial professionals. OSAIC is privately held and operates in Financial Services.
When did OSAIC acquire Lincoln Financial?
OSAIC's acquisition of Lincoln Financial was reported on May 6, 2024. 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. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Lincoln Financial do?
Lincoln Financial helps people to plan, protect and retire with confidence. It is publicly traded (LNC), operating in Financial Services, and is based in Radnor.
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