SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- #Independence--Osaic, Inc. (âOsaicâ), one of the nationâs largest providers of wealth management strategies, announced today that Joelle Spear, CFPÂź has joined its growing network of advisors. Formerly a partner and financial advisor at Canby Financial Advisors, an affiliate of Commonwealth, Spear is launching her independent firm, Spear Wealth Management. Based in Framingham, Massachusetts, the firm oversees approximately $170 million in assets under administration (AUA).
Related Questions
How will Joelle Spearâs addition and the launch of Spear Wealth Management affect Osaicâs AUA growth trajectory and revenue outlook?
What is the expected impact of this hire on Osaicâs earnings per share and guidance for the next fiscal quarter?
How does the $170âŻmillion AUA under Spear Wealth Management compare to the average AUA of newly added independent advisors at Osaic?
Will Osaic receive a revenue share or other compensation from Spearâs firm, and if so, what are the terms?
How might this announcement influence market sentiment toward Osaicâs stock ticker (OSAIC) in the short term?
What competitive advantage does adding a CFPÂźâqualified advisor in the Massachusetts market give Osaic versus rival wealthâmanagement platforms?
Are there any regulatory or compliance considerations tied to Spearâs transition from Canby Financial Advisors that could affect Osaic?
What is the client retention rate expected for Spearâs existing client base after moving to an independent firm under Osaicâs umbrella?
How does the size and location of Spear Wealth Management align with Osaicâs broader strategic expansion goals?
Will Osaicâs existing advisors see any changes in compensation or support structures as a result of this new partnership?