Osaic is deepening its presence in Minnesota as it welcomes another team, Cornerstone Advisors, led by veteran advisor and founder James Benson II, to its network.
Benson, who has 28 years of industry experience, according to his BrokerCheck report, is coming over to Osaic with his team from Cetera.
Cornerstone manages close to $360 million in assets for its clientele of individuals and families, primarily composed of mass-affluent retirees and individuals nearing retirement.
Headquartered in the Brainerd Lakes area of Baxter, Minnesota, the firm also has additional branches in Bismarck, North Dakota, and Perham, Minnesota.
“I'm excited to bring my business and clients to Osaic,” Benson said, praising Osaic’s technology and service offerings as “second to none.”
With a focus on comprehensive financial planning and portfolio management, Benson and his team are taking their book of business to Osaic as part of their “ambitious business growth strategy."
The news of Cornerstone’s move comes just days after Osaic welcomed a $240 million practice based in South Carolina, Sturkie Wealth Management Group, from LPL.
Prior to that, LPL announced the addition of North Carolina advisor Cubby Bice, who oversaw around $130 million in assets at Osaic, to its network.
A Texas-based bank selects Raymond James for a $605 million program, while an OSJ with Osaic lures a storied institution in Ohio from LPL.
The Treasury Secretary's suggestion that Trump Savings Accounts could be used as a "backdoor" drew sharp criticisms from AARP and Democratic lawmakers.
Changes in legislation or additional laws historically have created opportunities for the alternative investment marketplace to expand.
Wealth managers highlight strategies for clients trying to retire before 65 without running out of money.
Shares of the online brokerage jumped as it reported a surge in trading, counting crypto transactions, though analysts remained largely unmoved.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
