Osaic Expands Institutional Channel with HarborOne Partnership
Osaic, Inc. announced the expansion of its institutional channel through a new partnership with HarborOne Bank, a community bank serving Massachusetts and Rhode Island overseeing $5.7 billion in assets across 30 branches.
The addition of the HarborOne Investment Services Wealth Management Program in partnership with HarborOne Bank, will expand Osaic Institutions assets under management by $114 million.
The partnership comes as HarborOne embarks on a strategy to make financial services a key part of its product offering, seeking to increase its full-time advisors and assets under management. HarborOne aims to benefit from Osaic’s resources in recruiting, technology, relationship management and lead generation.
“We’re grateful for the opportunity to partner with the team at HarborOne to support their financial professionals and clients with the expertise and solutions they have been looking for,” said Stephen Amarante, Osaic Institutions leader.