Osaic Expands its W2 Employee Affiliation Channel with Payant Wealth Management Group

$360 Million RIA Joins Osaic's Corporate RIA in Greater Tampa Area  

SCOTTSDALE, Ariz., Feb. 6, 2025 /PRNewswire/ -- Osaic, Inc., ("Osaic"), one of the nation's largest providers of wealth management solutions, today announced the addition of Payant Wealth Management Group to its W2 employee affiliation channel. Osaic's W2 channel was launched in 2023 to accommodate independent RIAs who choose to affiliate with Osaic's corporate RIA in order to relieve the day-to-day stress of managing the business, gain access to liquidity for needed expansion or succession, and leverage the scale of Osaic technology, partners, and benefits.

Tom Payant, Chairman and CEO of Payant Wealth Management Group, chose to move his practice to Osaic's W2 channel after 40 years of building a thriving financial practice. The entire team from Payant Wealth Management Group, including financial advisors Glenn Krcmaric, Jay Mulligan and Jonathan Wilkins will be joining Osaic. Tom will remain fully involved and will provide continuity with clients and mentor the team.

"Like many entrepreneurial financial advisors, I have spent my entire career building my practice to support my clients current and future goals. Affiliating with Osaic's W2 channel has given me the peace of mind that my wife, my colleagues and our clients will be set up for success," added Tom Payant. "Beyond the initial transition, the partnership with Osaic positions us for continued success, allowing us to focus on delivering exceptional value to our clients while pursuing new opportunities for growth together. The financial strength of Osaic provides comfort to our stakeholders that our future is one of stability, growth, and continued success."

"We are thrilled to welcome Payant Wealth Management Group to the Osaic family and look forward to supporting the team within our W2 affiliation channel," said Ed Swenson, Head of RIA and the W2 Channels at Osaic. "We continue to see interest from internal and external advisory teams in our new model. There is very little friction for our internal advisors that chose this path and external teams are increasingly intrigued by our platform capabilities, flexibility and deep resources supporting these advisors. I am excited to integrate Payant Wealth Management Group's expertise into our growing community of growth minded W2 advisory firms."

To learn more about the growing W2 employee affiliation channel, visit www.osaic.com.   

About Osaic
Osaic, Inc. ("Osaic"), a portfolio company of Reverence Capital Partners, is one of the nation's largest providers of wealth management solutions, supporting approximately 11,000 financial professionals. Osaic's mission is to empower entrepreneurial advisors to build thriving businesses and fulfill their clients' dreams. Visit www.osaic.com to learn more.

Securities and investment advisory services are offered through the firms: Osaic Wealth, Inc. and Osaic Institutions, Inc., broker-dealers, registered investment advisers, and members of FINRA and SIPC. Securities are offered through Osaic Services, Inc. and Ladenburg Thalmann & Co., broker-dealers and members of FINRA and SIPC. Advisory services are offered through Ladenburg Thalmann Asset Management, Inc., and Osaic Advisory Services, LLC., registered investment advisers. Advisory programs offered by Osaic Wealth, Inc. are sponsored by VISION2020 Wealth Management Corp., an affiliated registered investment adviser.

Media Inquiries
Prosek Partners for Osaic
[email protected]
646-818-9038

SOURCE Osaic