The history of Osaic

Throughout the changes to our company and industry over the decades, our commitment to our financial professionals’ success remains steadfast.

Journey to Osaic

1988: Our firm’s rich heritage traces back to SunAmerica Planning Centers, Inc., a financial services company founded in Baltimore, Maryland, to assist clients with financial and retirement planning.

1993: Broad, Inc., parent company to SunAmerica Planning Centers, changes its name to SunAmerica, Inc.

1999: SunAmerica, Inc. was acquired by global insurance and financial services firm, American International Group (AIG).

2002: AIG Advisor Group was formed.

April 2016: AIG Advisor Group — including its firms FSC Securities Corp., Royal Alliance Associates Inc., SagePoint Financial Inc., and Woodbury Financial Services — was sold to Lightyear Capital LLC and PSP Investments, forming Advisor Group Holdings, Inc. (“Advisor Group”).

May 2019: Reverence Capital Partners announces its acquisition of Advisor Group from Lightyear Capital LLC and PSP Investments for $2.3 billion and a 75% share of the firm; Lightyear Capital, PSP Investments, and all other shareholders maintained up to a 25% share of Advisor Group.

November 2019: Phoenix-based Advisor Group announced it would acquire Ladenburg Thalmann Financial Services. The sale included Miami-based Ladenburg’s industry-leading independent broker-dealer firms Securities America, Inc., Securities Service Network, LLC, lnvestacorp, Inc.; dually-registered firms Triad Advisors, LLC and KMS Financial Services, Inc.; their affiliated investment adviser firms Securities America Advisors, Inc., Arbor Point Advisors, LLC, SSN Advisory, Inc., lnvestacorp Advisory Services, Inc., and Triad Hybrid Solutions, LLC; as well as Premier Trust, Inc., Ladenburg Thalmann Asset Management Inc., and Highland Capital Brokerage, Inc.

February 2020: Advisor Group’s deal with Ladenburg closes, making Advisor Group the second largest broker-dealer in America. During the Covid-19 pandemic, Advisor Group restructured the former-Ladenburg-owned wealth management firms and consolidated Investacorp, Inc., KMS Financial Services, Inc., Securities Service Network, LLC, into other firms across its network of broker-dealers.

May 2022: Advisor Group acquired institution-focused broker-dealer, Infinex Financial Holdings.

June 2022: Advisor Group acquired American Portfolios Financial Services.

June 2023: Advisor Group announced its new name, Osaic, as part of a multi-month strategy to rebrand its subsidiary firms into one cohesive entity.

December 2023: Osaic announced a definitive agreement to acquire Lincoln Financial Advisors Corporation (LFA) and Lincoln Financial Securities Corporation (LFS) — the wealth management firms that comprise Lincoln Wealth — from Lincoln National Corporation.

Wealth management firms

FSC Securities Corp. (now Osaic Wealth, Inc.)
Royal Alliance Associates, Inc. (now Osaic Wealth, Inc.)
SagePoint Financial, Inc. (now Osaic Wealth, Inc.)
Securities America, Inc.
Woodbury Financial Services (now Osaic Wealth, Inc.)
American Portfolios Financial Services, Inc.
Infinex Financial Group (now Osaic Institutions, Inc.)
Triad Advisors, LLC


Securities and investment advisory services are offered through the firms: Osaic Wealth, Inc., Osaic Institutions, Inc., Osaic FA, Inc., Osaic FS, Inc., and Triad Advisors, LLC, broker-dealers, registered investment advisers, and members of FINRA and SIPC. Securities are offered through American Portfolios Financial Services, Inc., Osaic Services Inc., and Ladenburg Thalmann & Co., broker-dealers and member of FINRA and SIPC. Advisory services are offered through Arbor Point Advisors, LLC, American Portfolios Advisors, Inc., Ladenburg Thalmann Asset Management, Inc., and Osaic Advisory Services, LLC, registered investment advisers. Advisory programs offered by Osaic Wealth, Inc. and Triad Advisors, LLC., are sponsored by VISION2020 Wealth Management Corp., an affiliated registered investment adviser. 6192409

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