Announced
Financials
Sources
Tags
Asset Managers and Custodians
Acquisition
Majority
United States
Wealth Planning
asset and wealth management
Domestic
Private
Friendly
Pending
Single Bidder
Synopsis
Osaic, one of the nation's largest providers of wealth management solutions, agreed to acquire Lincoln Wealth, the wealth management division of Lincoln National, an insurance company. Financial terms were not disclosed. The acquisition has been intentionally structured to create a seamless transition for Lincoln Wealth's advisors and their clients with minimal to no repapering and no change to account numbers. Lincoln National has been a strategic partner to Osaic for more than a decade and the two companies will continue to work together and expand their partnership over time.
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