$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.