$500M Pointes North Wealth Management Moves to Osaic’s W-2 Channel
Pointes North Wealth Management, a $500 million AUM firm, has transitioned from Osaic’s 1099 model to its W-2 employee channel, aiming to reduce administrative burdens and improve succession planning. Osaic’s W-2 model now includes 10 teams with $7.5 billion in client assets, offering back-office support and corporate benefits in exchange for lower payout rates.
Topics: affiliation transition financial advisors operational efficiency Osaic W-2 channel