Osaic to Acquire $13.5B RIA CW Advisors
Osaic, Inc. has announced an agreement to acquire CW Advisors, LLC, a Boston-based registered investment advisor managing $13.5 billion in assets. Specializing in high-net-worth and ultra-high-net-worth clients, CW Advisors operates a core wealth and family office platform supported by 140 professionals across 17 offices.
The acquisition marks a significant expansion for Osaic—backed by Reverence Capital Partners—into the upper tiers of the wealth management market. CW Advisors is being acquired from Audax Private Equity, and Osaic will provide additional capital and strategic resources to support CW’s ongoing growth initiatives.
CW Advisors, which currently custodies with Schwab and Fidelity, will gain access to Osaic’s HNW and UHNW capabilities, including services from its affiliated firms Premier Trust and Highland Capital Brokerage. Despite the acquisition, CW will maintain its brand, client service model, and operational independence as a standalone RIA within the Osaic ecosystem.
“CW Advisors brings tremendous strength in delivering an institutional-quality platform for fee-only RIA advisors at the upper tiers of the wealth spectrum,” said Jamie Price, President and CEO of Osaic. “Their scale, talent, and infrastructure are highly complementary to our strategy of expanding Osaic’s presence across all models and segments of the wealth management industry.”
Scott Dell’Orfano, CEO of CW Advisors, added, “Joining forces with Osaic represents a pivotal step forward for CW Advisors. This partnership provides us with access to permanent capital that aligns with our long-term vision and the needs of our clients and advisors.”
The transaction also strengthens Osaic’s signature employee model, Osaic Advisors, which is designed to give growth-oriented advisors the resources and scale to succeed without the operational burdens of running an independent firm.
This deal follows Osaic’s earlier acquisition of Payant Wealth Management Group and marks one of the firm’s largest strategic moves to date, as it continues to consolidate under the unified Osaic Advisors banner.
In May, Osaic announced that the wealth management programs of five credit unions, previously affiliated with Atria Wealth Solutions’ subsidiary Cuso Financial Services, joined its institutions channel. These programs collectively manage $500 million in assets.