Osaic Adds $500M N.H. Firm to W-2 Empowered Independence Channel
Osaic Inc. has added Pointes North Wealth Management to its empowered independence channel, the firm’s W-2 affiliation model. Led by managing partners Nathan Auclair and Brent Balloch, the Salem, N.H.-based firm oversees more than $500 million in client assets.
Pointes North is transitioning from an independent model to Osaic’s W-2 structure, a move the firm said is designed to alleviate administrative burdens and allow its advisers to prioritize deepening client relationships and expanding their practice.
“This structure allows us to focus more of our time and energy where it matters most; our clients,” Auclair and Balloch said in a joint statement. “It also gives us greater flexibility as we think about the future of our business.”
The transition was facilitated by Innovative Financial Group, an Osaic office of supervisory jurisdiction, which worked with the team to design a structure tailored to the firm’s long-term objectives, including succession planning and business evolution.
For Auclair, the move is a homecoming of sorts; he has been affiliated with Osaic since 1994. The move allows the firm to leverage Osaic’s national scale, infrastructure, and resources while maintaining its individualized service offerings.
Cindy Hamel, head of the empowered independence channel at Osaic, emphasized the growing appeal of this affiliation model stating that Osaic has “designed this channel to reduce operational complexity while giving advisers access to the scale, resources, and support they need to build enduring businesses.”
Osaic said the transition is expected to be seamless for clients, with no expected disruption to existing services, relationships, or investment strategies.
Pointes North joins eight other practices that have moved to Osaic’s empowered independence channel. The firm follows other recent additions, including the $1.2 billion Bard Financial Services and the $1.1 billion Veater Financial Group.
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