Osaic, Inc, one of the nation’s largest providers of wealth management solutions and a portfolio company of Reverence Capital Partners, today announced the acquisition of CW Advisors, LLC, a Boston-based registered investment advisor (RIA) managing $13.5 billion in fee-only client assets. CW Advisors serves high net worth and ultra-high net worth clients through its core wealth management and family office platform, with 140 professionals across 17 offices.

Osaic is purchasing CW Advisors from its current private equity sponsor, Audax Private Equity, and will provide increased access to capital to support future growth initiatives. CW Advisors will also benefit from Osaic’s comprehensive wealth capabilities in the high net worth and ultra-high net worth markets, provided by its partner companies Premier Trust and Highland Capital Brokerage. CW Advisors will retain its name and client service model, remain operationally independent, and continue to serve clients as a standalone RIA.

“CW Advisors brings tremendous strength in delivering an institutional-quality platform for fee-only RIA advisors at the upper tiers of the wealth spectrum,” said Jamie Price, President and CEO of Osaic. “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.”

“Joining forces with Osaic represents a pivotal step forward for CW Advisors,” said Scott Dell’Orfano, Chief Executive Officer of 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’re grateful for the support we’ve received from our previous owner and are energized by the opportunity to grow our business with ongoing flexibility and strategic control.”

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