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.
“We are making sure to pivot away from companies disproportionately exposed to the lower-end consumer,” says F.L.Putnam’s Ellen Hazen, as her RIA's investment strategy prepares to react to proposed cuts to medicaid and SNAP.
LPL has closed 56 deals in its succession program, using $690 million of capital, according to William Blair analyst Jeff Schmitt.
Toronto-based Bank of Montreal has hired a three-decade veteran from Bank of America to lead its newly combined US operation as one of its top leaders plans to step down.
The smartest sellers are prioritizing integration support, not just payout multiples, says industry head.
Unequal life expectancy, emotional decision-making, and market swings are rewriting the rules, forcing a rethink on everything from default plans to annuities.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
