Osaic Teams Up with PATH; Jackson Debuts Digital Platform

Osaic Partners with PATH, Innovative Wealth

Osaic, Inc., announced its affiliation with PATH Financial Partners, a new firm led by veteran advisor Jason Oestreicher, CFP.

With $125 million in assets under administration (AUA), the Fort Lauderdale-based firm specializes in serving employees of the Florida Retirement System (FRS), including educators, healthcare workers and municipal employees.

“This transition was more than a business decision – it was personal,” said Oestreicher. “I bought my childhood home from my father when he retired, and now I get to serve the same community I grew up in. After nearly 20 years at a legacy firm, I wanted to build something that puts people first, a firm that reflects who we are and who we serve. Osaic empowers us with a level of autonomy we didn’t have before.”

The PATH team says it selected Osaic for its advisor-first culture, planning-centric technology and ability to scale with long-term client needs. As part of its transition, PATH partnered with Marshall Lee Rosen, an OSJ [Office of Supervisory Jurisdiction] within Osaic.

The news comes at the same time as Osaic announced its majority investment in Innovative Wealth Team. The firm provides advisors nearing retirement with a succession planning process to ensure clients receive personalized, high-quality advice on their terms.

“This partnership exemplifies our commitment to investing in the future of wealth management by offering flexible, scalable solutions for advisors at every stage of their journey, while ensuring their clients are cared for across generations,” said Jamie Price, president and CEO of Osaic. “The Innovative Wealth Team enhances our supported independence model, helping advisors operate more efficiently, access capital, and eventually transition their practices smoothly.”

More from Osaic, Inc. – Blaze Credit Union Joins Osaic

Jackson Unveils Digital Experience

Jackson National Life Insurance Company launched a new digital experience for financial professionals on the company’s website, Jackson.com.

The new section provides personalized content, self-service enhancements, new tools to help educate financial professionals on Jackson products and information on how to find a local Jackson wholesaler for tailored support.

“We’re proud to launch these new enhancements to our site, expanding the ways we are providing industry-leading service to meet the needs of financial professionals and their clients,” said Aileen Herndon, senior vice president of Distribution Marketing for Jackson National Life Distributors LLC, the marketing and distribution business of Jackson. “We sought input from financial advisors throughout the site development process, ensuring our updates would meet their needs, reduce pain points and make it easier for them to do business with us. This improved digital experience is designed to provide clarity for advisors and clients, deepening existing relationships and attracting new advisors looking to solve their clients’ needs in retirement.”

The site is accessible from the Jackson.com home page. New tools featured as part of the digital experience include:

• Product Match Pro: This tool helps financial professionals identify which Jackson product may best align with a client’s needs by asking a series of retirement goal questions. Based on the responses to those questions, Product Match Pro will show the benefits and features of multiple Jackson products that best align with a client’s needs.

• Find Your Wholesaler: Financial professionals who don’t currently have a relationship with a Jackson wholesaler can use this tool to find contact information for a wholesaler in their area who can provide personalized support.

In addition to the new tools, financial professionals will also have access to self-service options including a pending new business tracker and claims initial notice.

Summit Invests in Four Advisory Firms Totaling $1.2B

Summit Financial, ​​ in collaboration with Merchant Investment Management, LLC, has announced strategic investments in four new partner firms – Crow Financial Advisors, Everest Consultants, Heritage Wealth Partners, and LPF Advisors. 

The four partner firms, combined, manage more than $1.2 billion in client assets. With these latest deals, Summit has completed 29 investments since early 2024, including 11 in 2025. Summit and its partner firms have over 150 advisors in 23 states managing over $20 billion in client assets, as of July 21, 2025.

“The addition of these outstanding firms is both a powerful validation of Summit’s momentum and a clear signal that our vision for elevated independence and exceptional client service resonates across the industry,” said Stan Gregor, chairman and CEO of Summit Financial Holdings. “For over 40 years, Summit has been unwavering in our mission to empower advisors to grow with integrity, build enduring legacies, and deliver unparalleled value to their clients—always with a steadfast commitment to fiduciary excellence. Together, we are setting a new standard for what advisors and their clients can achieve.”

Crossmark Launches Value-Based ETFs

Crossmark Global Investments, a faith-based investment management firm offering values-based strategies, has launched two actively managed exchanged-traded funds (ETFs): Crossmark Large Cap Growth ETF and Crossmark Large Cap Value ETF.

These products mark the firm’s debut in the ETF space, driven by investor demand for actively managed funds with Crossmark’s values-based screening process. They will be managed by Bob Doll, CFA, portfolio manager, CIO, and CEO of Crossmark, and co-managed by Ryan Caylor, CFA, portfolio manager and Crossmark’s head of Research.

The funds will mimic the investment strategies of the firm’s separately managed accounts managed by the team, and portfolio managers will work to identify high-conviction securities through a combination of fundamental and quantitative factors, values-based criteria, prudent portfolio constraints, and risk management tools, with the goal to seek long-term capital appreciation.

Crossmark Large Cap Growth ETF seeks to outperform the Russell 1000 Growth Index through investments in the large cap growth segment of the U.S. equity universe, and Crossmark Large Cap Value ETF aims to outperform its benchmark, the Russell 1000 Value Index.

“We have always strongly believed that investors do not need to compromise on personal values in order to invest in outperforming strategies,” said Doll. “Not only does our screening process exclude companies that have negative business practices or corporate governance concerns, but we also have the ability to actively include companies that work to reduce risk and build long-term resilience through responsible business practices.”

“Moving into the ETF space was a natural next step in our firm’s progression,” said Heather Lindsey, head of Distribution at Crossmark. “These ETFs offer investors an accessible tool for actively managed investment solutions while satisfying demand for values-based investment options.”

CFP Board Begins Process in CEO Hiring

CFP Board today announced that it has retained executive recruitment firm Spencer Stuart to assist in the search for its next chief executive officer. The search follows the February announcement of CFP Board CEO Kevin R. Keller’s planned April 2026 retirement.

The Board of Directors began preparing for this transition early in 2025, forming a CEO Search Committee led by 2025 Chair-Elect Terri Kallsen, CFP.

“The Board of Directors is approaching this transition with a clear plan, and we are excited to partner with Spencer Stuart in this important search,” said CFP Board Chair Liz Miller, CFP, CFA.

The search begins immediately.

“We’re looking for an innovative leader who will not only drive our strategic initiatives forward but also embody the core values of our organization — integrity, commitment to the profession and a focus on the public interest,” said Kallsen.

CFP Board says it invites highly qualified candidates to apply.

Morgan Stanley’s Latest Product Addresses Single Stock Risk

Morgan Stanley Wealth Management’s Global Investment Office (GIO) has launched the Equity Vulnerability Score, a proprietary tool that can help clients and the financial advisors who serve them measure and rank the susceptibility of U.S. stocks to potential future drops in value.

The firm says its new tool could help provide insights for investors, and especially for those who hold concentrated equity positions, which Morgan Stanley defines as five or fewer stocks making up more than 30% of the risk in a portfolio.

The Equity Vulnerability Score can help flag the likelihood that a stock may soon drop in value and can also be used to complement Morgan Stanley’s existing Tactical Equity Framework, which helps identify short-term opportunities to seek overall stronger performance.

“As a leader in both equity compensation and in providing guidance to founders, early-stage investors, and executives of publicly traded companies, we see this is a significant and often overlooked challenge for many of the clients our Advisors serve,” said Steve Edwards, senior investment strategist of Morgan Stanley Wealth Management. “And while it is natural to have an emotional attachment to a stock that you’ve watched grow over time, it can also pose an outsized risk. Morgan Stanley Wealth Management has been unwavering in helping to address this issue, and the vulnerability score puts another arrow in our quiver to continue to do just that.”

CapWealth Adds Newest Financial Planner

CapWealth, a $1.9 billion RIA, is adding Dean Shahan, CFP, as executive vice president and financial advisor.

Shahan joins CapWealth from SageSpring Wealth Planners, where he advised high-net-worth and ultra-high-net-worth families. His areas of expertise include risk management, investment strategy, tax planning, retirement, estate, and education planning.

“At CapWealth, our focus has always been on delivering meaningful outcomes for our clients through trusted relationships and sound financial guidance,” said Tim Pagliara, founder and CIO of CapWealth. “We’re excited to welcome Dean to our team. His fresh perspective and forward-thinking approach will strengthen our capabilities and elevate our client service.”

“Throughout my career, I’ve found great purpose in helping individuals and families reach their financial goals,” said Shahan. “What drew me to CapWealth was the firm’s strong culture of client care and its commitment to comprehensive planning. CapWealth goes beyond traditional wealth management, taking a deeper approach that aligns with how I believe clients should be served. I am excited to have a shared vision for how we work with clients: thoughtfully, thoroughly, and with a long-term view of their financial lives.”

Shahan is a native of Nashville, Tenn., and holds a BBA in finance from the University of Tennessee.

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