Three financial advisors have decided to branch out under their own brand having been part of an association of independent wealth managers.
Nick Scheumann, Mark VandeVelde, and Andy Smith are the founding partners of Ever Wealth, a $170 million AUM firm that was previously the team behind the Auburn, Indiana branch of Oak Partners, affiliated with LPL Financial.
For their next chapter, the trio has decided to align with Osaic through Affiliated Advisors, an Osaic office of supervisory jurisdiction which has offices in New York and Minnesota. Affiliated is led by industry veteran Rita Robbins, a member of Osaic’s National Advisory Board.
For Ever Wealth, the decision to be part of Osaic’s growing network was driven by its support structure, tech offering, and product range.
With the use of artificial intelligence rising among financial advisors, Osaic has recently announced a new partnership to bring AI platform Zocks to its advisors, offering automated workflows, streamlined client communications, and deeper insights from client interactions. The Carson Group has also partnered with Zocks.
“We were looking for a partner that could match our ambition and our commitment to excellence while still maintaining a strong sense of flexibility and choice,” said Andy Smith, founding partner of Ever Wealth. “Osaic’s industry-leading technology, expansive product offerings and dedicated support structure gives us the tools and resources we need to continue our tradition of delivering personalized client service–while strategically scaling our business. The connection to the Osaic leadership team materialized quickly and felt authentic, embodying the type of genuine partnership we were seeking.”
Last summer, Dimple Shah, head of corporate strategy at Osaic, joined InvestmentNews anchor Gregg Greenberg to discuss how utilizing team structures can help financial advisors best serve clients and grow their practices.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
