Wells Loses $300M Family-Led Firm to Osaic Wealth

A five-person financial advisory team has ditched Wells Fargo to join Osaic Wealth, where they collectively managed about $300 million in total client assets. 

Waterloo, IA–based Signature Private Wealth Management, led by Robert “Bob” Mundell, is a family-led advisory team that provides wealth management services, including financial planning. 

The team includes advisors Isaiah Mundell, Erica Johnson, and Tyler Johnson, and is supported by operations manager Jocelyn Green, Osaic said. 

Signature Private Wealth was previously affiliated with Wells Fargo’s independent channel, Wells Fargo Financial Network. 

“Our clients are at the center of every decision we make,” Bob Mundell said. “Choosing Osaic was about finding the right long-term home for our firm, our family and the families we serve.” 

Additionally, Mundell said the firm ultimately chose Osaic after evaluating multiple firms because of its ability to support independent shops with “flexible solutions, resources for succession planning and a collaborative advisor community.” 

Osaic’s latest addition comes after the firm added Hampton, NH-based Neville & Associates, which is also a family-run advisory firm that manages $300 million in total client assets.