Osaic gains $250M advisor team, its first since rebrand from Advisor Group

Osaic gains $250M advisor team, its first since rebrand from Advisor Group
The firm has welcomed a team from Walnut Creek, California, that was previously with Cetera Advisors.
JUL 26, 2023

Osaic has welcomed its first advisor team since it rebranded and began the consolidation of its large network of broker-dealers.

Based in Walnut Creek, California, Vitucci Integrated Planning has around $254 million in assets under management and the team of tax, financial planning and client support professionals is led by Jason Vitucci, co-founder and managing director.

With more than 25 years’ experience as a financial advisor, Vitucci joins Osaic from a 15-year affiliation with Cetera Advisors and was previously with AIG Financial Advisors, Sun America Securities and Securities America.

“With Osaic, we’re able to leverage superior services, technology, and resources to create efficiencies and allow our staff the time they need to create an exceptional client experience,” Vitucci said. “Osaic’s commitment to providing its advisors the flexibility and tools they need to grow their businesses prove they understand our business and fully support our expansion goals, as we look to further integrate wealth management and tax planning offerings.”

REBRANDING THE NETWORK

Osaic rebranded in June this year having previously been known as Advisor Group and before that as AIG Advisor Group when it was owned by American International Group. It has been owned by private equity firm Reverence Capital since 2016. The firm’s eight broker-dealers will begin transitioning to the Osaic brand in the fall.

The firm also recently hired Dynasty Financial Partners co-founder Ed Swenson to oversee the broker-dealer network’s forthcoming RIA channel strategy

“As Osaic charts its course in a quickly evolving wealth management industry, we are seeing growing interest from advisors and practices across the independent space who want to be a part of the future we are building,” said Kristen Kimmell, executive vice president of business development at Osaic. “It’s an exciting time at Osaic, and we are proud to partner with Vitucci Integrated Planning.”

Latest News

AI surveillance tool brings prediction markets under compliance watch
AI surveillance tool brings prediction markets under compliance watch

MyComplianceOffice's AI-assisted surveillance links employee chats on Slack and Telegram with prediction market trades as Wall Street tightens rules

Advisor moves: LPL nabs $1B Northwestern team in Seattle
Advisor moves: LPL nabs $1B Northwestern team in Seattle

Elsewhere, Raymond James absorbs a family-run practice from Commonwealth into its independent channel, while RBC welcomes a father-son tandem formerly from UBS.

Social Security COLA rises to 3.6% for 2027, largest since 2023
Social Security COLA rises to 3.6% for 2027, largest since 2023

Fuel-driven inflation drove the supersized adjustment, but advocates say retirees are still losing ground as trust fund insolvency nears.

Retirement advisors have a major small business opportunity
Retirement advisors have a major small business opportunity

State mandates and plan complexity are opening doors for financial advisors in the 401 market.

Most pre-retirees are planning without a planner - and it shows
Most pre-retirees are planning without a planner - and it shows

New LIMRA data reveal a stubborn advice gap that financial professionals are well-positioned to close.

SPONSORED Built on insurance experience to deliver on long-term promises

Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.

SPONSORED In the Age of AI, Trust Becomes the Advisor's Greatest Asset

As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor