Wealth management solutions provider Osaic has acquired investment management company CW Advisors for an undisclosed sum.
The acquired company is a registered investment advisor based in Boston, with $13.5bn in fee-only client assets under management.
Osaic said the deal is in line with its strategy to expand its market reach and serve advisors across various affiliation models, enhancing its ability to cater to a broad wealth range.
CW Advisors, with 140 professionals across 17 offices, serves high net worth and ultra-high net worth clients through its core wealth management and family office platform.
The acquisition allows Osaic to leverage CW Advisors’ custodial partnerships with Schwab and Fidelity, offering expanded scale and capabilities as a non-self-clearing wealth management group.
Osaic is acquiring CW Advisors from Audax Private Equity, providing increased access to capital to support future growth.
CW Advisors is expected to benefit from Osaic’s wealth capabilities in the high net worth and ultra-high net worth markets, provided by partner companies Premier Trust and Highland Capital Brokerage.
Osaic president and CEO Jamie Price said: “CW Advisors brings tremendous strength in delivering an institutional-quality platform for fee-only RIA advisors at the upper tiers of the wealth spectrum. Their scale, talent and infrastructure are highly complementary to our strategy of expanding Osaic’s presence across all models and segments of the wealth management industry.
“We also welcome CW’s management team, current private equity sponsor and advisors to become Osaic shareholders, alongside our current advisor shareholders. We are delighted to welcome the CW family into the Osaic family.”
CW Advisors CEO Scott Dell’Orfano said: “Joining forces with Osaic represents a pivotal step forward for CW Advisors. This partnership provides us with access to permanent capital that aligns with our long-term vision and the needs of our clients and advisors.
“We are grateful for the support we have received from our previous owner and are energised by the opportunity to grow our business with ongoing flexibility and strategic control.”
Under the terms of the acquisition, CW Advisors will retain its name and client service model, remaining operationally independent while continuing to serve clients as a standalone advisor.
This acquisition supports Osaic’s vision for Osaic Advisors, offering growth-oriented advisors resources and capital to thrive without the burdens of running an independent business.
Earlier in 2025, Osaic welcomed Payant Wealth Management Group into its fold and continues to engage with advisors looking for capital to fuel growth, solutions for succession planning, or a shift to a more supported independent model.
In April 2025, NoxNumis, a Wichita, Kansas-based wealth management firm, became part of Osaic’s network of advisors.