Financial advisor Joelle Spear, who manages about $170 million in assets under administration, has joined Osaic Wealth from Commonwealth Financial Network. 

Spear has launched her own practice, Farmingham, MA-based Spear Wealth Management, and has joined IFG, an Osaic office of supervisory jurisdiction, the firm said. She was previously a partner and financial advisor at Commonwealth affiliate Canby Financial Advisors. 

Spear, who is an industry veteran with over two decades of experience, said she joined Osaic because of the firm’s technology, and its “deep bench” of business and planning offerings. 

“Osaic stood out as the right home to embark upon this next chapter,” Spear said. “From the flexibility of their platform to the day-to-day operational support provided by IFG, I now have the time and resources to focus squarely on clients and the transitions that shape their financial lives.” 

Prior to joining Osaic, Spear spent 11 years at Canby Financial Advisors and 12 years at Fidelity Investments, per her firm’s website. 

Spear’s addition comes as Commonwealth was recently acquired by LPL Financial, in a deal for approximately $2.7 billion through a mix of cash, debt, and equity.  

Multiple Commonwealth advisors have either left the firm to jump into the independent space or joined competitors, including hybrid brokerage and advisory firm & partners and Raymond James. 

In May, Colorado Springs, CO-based Summit Wealth Group left Commonwealth to establish its own RIA firm and chose SEI to provide custody and technology services, with plans to transfer approximately $2.1 billion in assets to SEI’s platform.

Pictured: Joelle Spear