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Financial Advisory  + RIAs & Financial Advisors  + Wealth Management  |  April 15, 2025
$450M Kansas Wealth Manager Aligns with Osaic Network
By: Joe Palmisano

$450M Kansas Wealth Manager Aligns with Osaic Network 

Osaic, Inc. announced that NoxNumis joined its network of advisors, bringing the Wichita, KS-based wealth management firm’s $450 million in client assets under its umbrella. 

NoxNumis, founded in 2021 by partners John Toothaker and Ron Gabel, previously operated under Hornor, Townsend & Kent, a Penn Mutual subsidiary. The firm, which evolved from their prior roles at Schreck Financial Group, specializes in fiduciary financial advice, offering retirement planning, tax minimization, estate distribution, investment management, and business and farm succession planning. Toothaker and Gabel lead a team of five wealth managers, an insurance agent, two operations executives, and a network of client service specialists. 

Osaic’s technology stack, enhanced by recent AI integrations with Jump (an AI assistant) and Zocks (AI notetaking), aims to streamline workflows and boost efficiency. Toothaker highlighted Osaic’s “extensive support” through its investment tools, tech solutions, and coaching, while Gabel noted the potential for future acquisitions leveraging Osaic’s scale. 

The transaction follows Osaic’s recent momentum, including Ever Wealth’s $170 million team joining from LPL Financial in March and its $115 billion Lincoln Financial wealth business acquisition in 2024. However, Osaic has faced advisor attrition to LPL, with teams like Pilot Financial departing post-Lincoln deal 

Osaic, a Reverence Capital Partners portfolio company supporting over 11,000 financial professionals. 

Read More News Stories About: Osaic
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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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