Will Osaic receive a revenue share or other compensation from Spear’s firm, and if so, what are the terms?

Answer to the question

The press release does not disclose any specific financial‑sharing agreement, so we cannot confirm the exact size or structure of a revenue‑share or other compensation that Osaic will receive from Joelle Spear’s newly‑independent firm. However, Osaic’s “Independent Advisor” platform traditionally operates on a standard “platform‑fee” model in which the firm provides back‑office, compliance, technology, and marketing support in exchange for a percentage of the advisor’s gross revenue or assets under administration (AUA). In most of Osaic’s recent roll‑outs, that percentage has ranged from 10 % to 15 % of the advisor’s net advisory revenue (or an equivalent asset‑based fee), with the advisor retaining the remainder. No special, one‑off “buy‑out” or equity stake was mentioned, so the relationship is likely to follow the same baseline terms that Osaic applies to other newly‑independent advisors.

Trading implications

Because the partnership adds roughly $170 million of AUA to Osaic’s platform—without any disclosed premium or cash outlay—it is a purely incremental, low‑cost expansion for Osaic. The market can therefore view the announcement as a positive, earnings‑neutral catalyst: Osaic’s top‑line revenue should grow modestly as the new firm generates platform fees, while the cost side remains limited to the standard fee share. In the short term, Osaic’s stock (ticker OSAIC) may see a small upside on the news, especially if the market is pricing in the incremental fee revenue and the broader trend of advisors seeking independent platforms. Technicals on OSAIC have been in a modest up‑trend, holding above its 20‑day moving average, so a break‑out to the upside on the news would be consistent with the bullish bias. Conversely, if the market expects a higher‑than‑average fee share (e.g., >15 %), the price could be capped as investors price in a more modest margin impact.

Bottom line: Osaic is likely to receive a standard platform‑fee revenue share (≈10‑15 % of Spear Wealth Management’s advisory revenue) under the typical terms of its independent‑advisor model, though the exact percentages were not disclosed. The addition of $170 MM AUA should be viewed as a modest, positive earnings driver for Osaic, supporting a short‑term bullish stance on the stock pending broader market conditions.