Osaic is expanding its business yet again as it scoops up a solid chunk of assets from Ameriprise. Latitude Wealth Advisors, a wealth management firm previously affiliated with Ameriprise Financial, has joined forces with Osaic through Affiliated Advisors, one the wealth giant’s largest offices of supervisory jurisdiction.
The new firm, based in Hauppauge, New York, boasts $210 million in client assets and serves a diverse client base, including hundreds of families and businesses.
This strategic partnership brings together Latitude's team of experienced wealth advisors, including Robert Martino, Jason Harris, Anthony Martino, and Mark Harris, who collectively have more than a century of expertise in financial planning and client service. (Robert and Anthony Martino are brothers; Jason Harris is Mark Harris's father.)
The team's approach is defined by personalized, disciplined financial strategies aimed at achieving clients' long-term financial objectives.
Latitude also distinguishes itself through charitable efforts, with each of its partners lending their time and expertise to many nonprofits both in and outside their community.
"We were seeking a new partner for the next chapter of our growth, and Osaic and Affiliated Advisors provided the clearest choice based on the breadth and depth of their platform, combined with the personalized service, value-added resources and specialized experts,” Robert Martino, who built up his two-decade history in the industry under the Ameriprise umbrella, said in a statement.
With Latitude Wealth Advisors joining its ranks, the Affiliated Advisors platform – which includes business management, compliance, technology, and marketing solutions – now supports more than 100 advisors and 60 staff members, managing more than $4 billion in client assets.
“Latitude Wealth Advisors' culture and commitment to their clients, as well as their extensive work with nonprofits, completely aligned with our values and the future of the industry,” Rita Robbins, president of Affiliated Advisors, said in a statement.
Osaic is welcoming Latitude into its network just shortly after it added a team from Cetera, Minnesota-based Cornerstone Advisors, which manages almost $360 million in assets.
That news came on the heels of Osaic announcing a new independent advisory practice, Sturkie Wealth Management, formed by a $240 million South Carolina team previously from LPL.
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