Osaic, previously Advisor Group, introduced that it has added a monetary advisor and his staff from Cetera Advisors.
Vitucci Built-in Planning, led by co-founder and Managing Director Jason Vitucci, joins Osaic in Walnut Creek, California, in keeping with an Osaic press launch. Vitucci’s staff, which incorporates tax, monetary planning and shopper assist employees, oversees $254 million in whole shopper property for patrons within the San Francisco Bay space, Osaic stated.
The follow helps pre-retirees, enterprise homeowners and busy executives “construction their web price in a means that minimizes taxes, volatility and threat,” in keeping with the agency.
“With Osaic, we’re in a position to leverage superior providers, expertise and assets to create efficiencies and permit our employees the time they should create an distinctive shopper expertise,” Vitucci stated within the launch. “Osaic’s dedication to offering its advisors the flexibleness and instruments they should develop their companies show they perceive our enterprise and absolutely assist our growth targets, as we glance to additional combine wealth administration and tax planning choices.”
Vitucci has been within the monetary providers business greater than 25 years, the final 15 of which he spent at Cetera, in keeping with Osaic. He additionally had stints at AIG Monetary Advisors, Solar America Securities and Securities America, per the discharge.
Securities America turned an Advisor Group subsidiary following its merger with Ladenburg Thalmann in 2020. Advisor Group was spun off from AIG in 2016. Solar America had additionally been a part of AIG.
“As Osaic charts its course in a rapidly evolving wealth administration business, we’re seeing rising curiosity from advisors and practices throughout the unbiased house who need to be part of the long run we’re constructing,” Kristen Kimmell, government vp of enterprise growth at Osaic, stated within the launch. “It is an thrilling time at Osaic, and we’re proud to accomplice with Vitucci Built-in Planning.”
Advisor Group — acquired by personal fairness store Reverence Capital Companions in 2020 — rebranded as Osaic final month as a part of a beforehand introduced transfer to unite the eight unbiased broker-dealer companies on its community underneath a single identify. The companies will transition to Osaic in phases over the following 18 to 24 months.
Osaic consists of Oasic Wealth, FSC Securities Corp., Infinex Investments, SagePoint Monetary, Triad Advisors and Woodbury Monetary Providers.
Osaic gives advisory providers by Securities America Advisors, Arbor Level Advisors, American Portfolios Advisors, Ladenburg Thalmann Asset Administration and Triad Hybrid Options.
In all, Osaic’s community has greater than 11,000 monetary professionals, in keeping with the agency.