Osaic Acquires $13.5 Billion CW Advisors, Deepening Foothold in HNW Advisory Space

Osaic, Inc., one of the nation’s largest independent wealth management platforms, has acquired CW Advisors, a Boston-based RIA managing $13.5 billion in assets. The deal significantly expands Osaic’s high-net-worth and ultra-high-net-worth client capabilities while reinforcing its signature employee-affiliation model. Financial terms were not disclosed.

CW Advisors operates 17 offices nationwide and specializes in fee-only wealth management and family office services. It will retain its name and operational independence under Osaic’s ownership, continuing to serve clients as a standalone RIA. The acquisition marks an exit for private equity sponsor Audax Group, with CW’s management and advisors joining Osaic’s shareholder base.

“This partnership provides us with access to permanent capital that aligns with our long-term vision and the needs of our clients and advisors,” said CW Advisors CEO Scott Dell’Orfano.

The deal enhances Osaic’s custodial footprint with Fidelity and Schwab, and complements its recent acquisition of Payant Wealth Management. CW’s institutional-scale infrastructure and strong referral networks position it as a high-performing anchor for Osaic’s growing presence in the upper wealth tiers.

The acquisition is part of Osaic’s broader strategy to diversify advisor affiliation models while scaling access to family office-level resources via firms like Premier Trust and Highland Capital Brokerage.

Osaic is backed by Reverence Capital Partners and supports more than 11,000 financial professionals nationwide.

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