Osaic, Inc. announced that family‑run advisory firm Neville & Associates has joined its network, moving from LPL Financial. The New Hampshire‑based office brings roughly $300 million in client assets and a multi‑generational client base, expanding Osaic’s wealth‑management footprint. The partnership reflects Osaic’s broader strategy of attracting boutique practices that value both the scale of a large platform and the intimacy of a local, relationship‑focused business. By adding a firm that has operated for more than four decades, Osaic not only gains assets under management but also inherits a legacy of community‑rooted service that aligns with its advisor‑centric growth model.
Neville & Associates Joins Osaic
Neville & Associates, led by Branch Manager Rick Neville, officially became part of Osaic on the announcement date. The firm, based in Hampton, New Hampshire, has served clients in the local community and across 28 states for more than forty years. Its client focus includes multi‑generational families, with some engagements spanning four generations, allowing the team to help families make informed financial decisions and build long‑term plans for current and future members. Rick Neville explained that the partnership offers “personalized partnership… resources and support” while preserving the firm’s independence and forward‑thinking strategies. He emphasized that Osaic’s scale and technology will enable the Nevilles to continue delivering the same high‑touch service that has defined their business since its founding by Rick’s mother, Carol Neville, and later led by his father, Harold Neville Jr.
Osaic’s Advisor‑Focused Model Attracts Growth‑Oriented Teams
Osaic’s recruitment of Neville & Associates aligns with its advisor‑centric support model and collaborative culture, which Osaic President and Head of Advisor Growth and Engagement Shannon Reid highlighted as a match for the Nevilles’ community‑rooted approach. Reid noted that the team’s deep community roots and long‑standing commitment to serving generations of families reflect the kind of advisor‑centric culture Osaic seeks to build. The firm aims to combine the scale, technology, and resources of a large organization with the personal connection valued by independent advisors. The Neville team includes Rick’s wife Amy (registered representative), daughter Courtney (client service associate), son‑in‑law Nick Romagnoli (client service associate), niece Hannah Scott (client service associate), marketing associate Jenel Faro, and client service associate Jack Kaplan.
Osaic’s Ongoing Advisory‑Team Recruitment
The Neville addition follows recent hires that underscore Osaic’s recruiting momentum. Earlier this year, Du Lac Wealth Services, a North Carolina advisory team, transitioned from LPL Financial with about $200 million in client assets. Additionally, Eric Westall joined through Osaic’s Office of Supervisory Jurisdiction, Innovative Financial Group, bringing more than $250 million in assets. These moves illustrate Osaic’s strategy of attracting growth‑oriented advisory practices seeking scale, flexibility, and relationship‑focused support, and they signal that the firm is positioning itself as a preferred partner for boutique practices looking to expand without sacrificing their independent culture.
Key Takeaways
- Neville & Associates joins Osaic from LPL Financial, adding approximately $300 million in client assets.
- The firm’s multi‑generational advisory focus spans 28 states and includes a family‑run staff of six client‑service professionals.
- Osaic’s recent recruiting includes Du Lac Wealth Services ($200 million) and Innovative Financial Group’s Eric Westall ($250 million), signaling continued expansion of its advisor network.
FinanceInsyte's Take
Osaic’s acquisition of Neville & Associates reinforces its strategy of scaling through relationship‑focused advisory teams, a model that may appeal to other independent firms seeking broader resources without sacrificing client intimacy. The impact on market share remains uncertain, but the pattern of similar-sized additions suggests Osaic is positioning itself as a preferred partner for boutique practices. Executives should monitor how Osaic integrates these teams and whether its advisor‑centric model drives further consolidation in the wealth‑management sector.
Source: Businesswire
