On November 12, 2024, Osaic, Inc. announced its acquisition of Nova Wealth.
Osaic, Inc. (“Osaic”) announced, on November 12, 2024, its acquisition of Nova Wealth (“Nova”). This addition contributes to the growth of Osaic’s wealth management network, which includes approximately 11,000 financial professionals and 270 financial institutions. Further terms of the deal were not disclosed.
Osaic, based in Scottsdale, Arizona, is a wealth management platform providing wealth management strategies. As of early December 2024, Osaic’s assets under administration were approximately $700 billion and assets under management were $94 billion.
Nova, based in Buffalo, New York, is an independent wealth manager. As of November 2024, Nova had $180 million in client assets under administration.
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