Wealthspire Unveils Wealthspire Institutional, Osaic Taps President
Wealthspire Unveils Wealthspire Institutional
Wealthspire, a wealth management, retirement and endowment advisory, and business management firm, announced the formation and expansion of Wealthspire Institutional.
The newly organized division represents a core pillar of the broader Wealthspire organization, which was launched last month following the integration of Wealthspire Advisors, Fiducient Advisors, Newport Private Wealth, Wealthspire Retirement Advisory, and Ground Control Business Management. Collectively, the organization oversees more than $580 billion in assets under management or advisement.
The institutional division aims to deliver enhanced scale, deeper research resources, and expanded fiduciary and stewardship support while maintaining a boutique service model. The platform brings together retirement advisory and endowment and foundation consulting, offering both traditional and outsourced chief investment officer (OCIO)/3(38) fiduciary services. These integrated capabilities are designed to address growing client needs around cost efficiency, governance, and long-term asset stewardship.
Mike Goss will lead the division while serving in dual roles as chief revenue officer (CRO) of Wealthspire and president of Wealthspire Institutional.
“Wealthspire Institutional gives our clients the benefit of true scale without sacrificing the personalized and attentive service they expect from us,” said Goss. “I believe our combined talent and resources exponentially strengthen the advice and experience we deliver, positioning us to support organizations of all sizes. It’s an exciting moment for our clients and for our team.”
The division includes approximately 350 professionals serving clients nationwide.
The Fiducient Advisors brand will sunset in 2026, marking an important step in Wealthspire’s evolution toward a unified brand experience across all segments.
Next Article: Osaic Taps President, Head of Advisor Growth + Engagement
Osaic Taps President, Head of Advisor Growth + Engagement
Osaic, Inc. announced that Shannon Reid will join the firm as president and head of Advisor Growth and Engagement. Reid will fully assume the president role on Jan. 12, 2026, reporting directly to CEO Jamie Price, who previously held the position in tandem with his chief executive responsibilities.
Reid joins Osaic following a search that included both internal and external candidates. In her role, she will lead advisor recruiting, retention and engagement initiatives while partnering across the organization to support same-store sales, on-platform asset growth and the expansion of Osaic’s Empowered Independence (W-2) model.
Reid brings nearly 20 years of leadership experience from Raymond James, where she most recently served as president of the firm’s independent contractor division. During her tenure, she also held senior leadership roles across the firm’s cash management, private client, practice management and retirement solutions businesses, including serving as senior vice president and Northeast Division director. Prior to Raymond James, Reid spent six years as a vice president at Goldman Sachs.
“We are thrilled to welcome a leader of Shannon’s caliber to Osaic,” said Price. “Her experience leading advisor recruiting, growth and engagement at scale strengthens our leadership team and elevates the entire organization. With Shannon in this role, we are well-positioned to build on our momentum and continue delivering long-term value for our affiliated advisors, their businesses and their clients.”
Reid’s appointment is part of an organizational realignment initiated in July, designed to better refine roles and responsibilities among the leadership team following the completion of Osaic’s “Journey to One.” The realignment was designed to further clarify leadership responsibilities and strengthen the firm’s focus on advisor growth and engagement as a core strategic priority. Osaic underwent a careful process to find the ideal fit for a role that has an added focus of partnering across the organization to support same-store sales, on-platform asset growth, and growth of its Empowered Independence model.
“I was drawn to Osaic by the strength of its leadership team and a culture defined by clarity, accountability and execution—combined with the agility and flexibility of a nimble organization built to drive results,” said Reid. “We are aligned in our commitment to doing the right thing for advisors and their clients, which makes this opportunity especially compelling. The wealth management industry is evolving, and Osaic is well positioned to lead through its next phase of growth. I’m excited to help shape the firm’s future while preserving the entrepreneurial spirit that is so important to advisors.”
Next Article: M&A Leader Joins NFP
M&A Leader Joins NFP
NFP has appointed Adam Favale to executive vice president and head of mergers and acquisitions (M&A).
Favale, based in New York City, will report to Michael Goldman, president and chief operating officer of NFP. His appointment follows the sale of Wealthspire Advisors, Fiducient Advisors, Newport Private Wealth and related platforms to Madison Dearborn Partners, which closed on October 30.
“With Adam stepping into this executive leadership role, we’re reinforcing our commitment to growth through acquisition,” said Goldman. “We have a robust Risk Capital and Human Capital pipeline and Adam’s leadership and experience with opportunity identification, deal alignment and portfolio optimization will accelerate our momentum, ensuring M&A will remain a core element of our middle market growth story.”
Favale joined NFP in 2010 serving as a leader on the M&A team for over 15 years. He previously spent over six years as vice president corporate finance at FGIC, an entity ultimately sold by GE Capital. Adam began his career at GE Capital in their prestigious Financial Management Program.
“I’m honored to transition to the role of EVP, head of M&A, and look forward to partnering across the enterprise with our talented teams to identify strategic opportunities that accelerate growth and create lasting value,” said Favale. “I’m excited to shape the future of our firm by advancing our value proposition for independent, middle market firms.”
Next Article: Wealth Enhancement Acquires AEGIS Financial
Wealth Enhancement Acquires AEGIS Financial
Wealth Enhancement is acquiring AEGIS Financial, an independent RIA with locations in Oshkosh, Appleton, and Milwaukee, Wisconsin. The team of five advisors and ten support staff oversee more than $468 million in client assets and is led by William Bowman.
Jeff Dekko, chief executive officer of Wealth Enhancement, said, “We are proud to welcome the AEGIS Financial team to Wealth Enhancement. AEGIS Financial brings nationally recognized expertise, demonstrated by William Bowman’s inclusion on the Forbes Best-In-State Wealth Advisors list in Wisconsin for five consecutive years*, a testament to the exceptional quality of their practice.”
Dating back to 1993, AEGIS Financial provides services in financial planning, retirement, tax mitigation, wealth transfer, estate planning, and investment strategy. The firm serves individuals, families, and business owners.
William Bowman of AEGIS Financial said, “This partnership opens the door to expanded capabilities and new opportunities for our clients. Our firm and Wealth Enhancement share the same core values and are equally committed to the mission of empowering clients to achieve their financial goals for generations to come.”
Jim Cahn, chief strategy officer of Wealth Enhancement, said, “Wisconsin has been a strong growth market for us since we first entered it in 2018, and we look forward to building on that momentum. We’re excited to see the AEGIS Financial team continue to excel with the resources and backing of our national platform.”
The acquisition of AEGIS Financial is expected to close on December 31, 2025. Wise Rhino served as the advisor to AEGIS Financial in the transaction.
Next Article: Blue Ridge Appoints ESOP Communication Service VP
Blue Ridge Appoints ESOP Communication Service VP
Blue Ridge Associates, a provider of ESOP and retirement plan administration and compliance services, has named Lindsay Shafer as vice president of ESOP Communication Services.
In this senior leadership role, Shafer will lead the development and execution of strategic communication initiatives designed to support and elevate the employee ownership experience for Blue Ridge clients.
Shafer will also serve as a trusted advisor to clients, helping them align their ESOP communication strategies with broader business goals and corporate culture. Her work will include delivering educational presentations, facilitating employee ownership events, mentoring internal team members, and contributing to marketing and business development initiatives.
With more than 20 years of experience as a facilitator, trainer, and project manager, Shafer has partnered with employee-owned companies, nonprofits, government agencies, and educational institutions. Her background includes specialized expertise in ESOP communication and education, leadership development, inclusion and belonging, and strategic planning. Prior to joining Blue Ridge, she worked with an organization development consulting firm, where she helped clients enhance culture, strengthen leadership, and deepen employee ownership practices.
“Lindsay’s combination of experience, creativity, and passion for employee ownership makes her an outstanding addition to our leadership team,” said Mark Agustin. “Her expertise in communication and culture will help our clients unlock the full potential of employee ownership and build stronger, more engaged workplaces. We are excited to welcome her energy and talent to our organization.”
Shafer holds both a bachelor’s degree and a master’s degree from the University of Pennsylvania.
Next Article: Prudential Realigns Senior Business Leadership
Prudential Realigns Senior Business Leadership
Prudential Financial, Inc. announced a realignment of its senior business leadership structure to streamline operations in the company’s largest markets and sharpen focus on growth opportunities.
As a result of this realignment, leaders responsible for the company’s U.S. businesses, Emerging Markets, the Japan Group and Prudential’s asset management business, PGIM, will now report directly to Chief Executive Officer Andrew (Andy) Sullivan.
Prudential says the change is designed to support its long-term growth agenda and strengthen accountability across its global businesses, advancing the company’s priorities of evolving its strategy, executing with consistency and discipline and fostering a high-performance culture. It is also consistent with the leadership alignment announced earlier this year for its Japan business.
“We are aligning our leadership structure with our strategy to build a more agile, more focused Prudential,” said Sullivan. “This change positions us to deliver stronger and more consistent performance over time.”
Phil Waldeck, currently head of Multi-Asset and Quantitative Solutions at Prudential’s asset management business, PGIM, has been appointed executive vice president, head of Prudential’s U.S. Businesses, effective Feb. 2, 2026.
“Phil is an experienced leader with a deep understanding of our businesses and a proven ability to drive results,” said CEO Sullivan. “His experience across Prudential’s businesses, coupled with his ability to deliver meaningful outcomes, will be essential as we continue to build momentum in our U.S. businesses.”
Prior to PGIM, Waldeck served as Prudential’s chief transformation officer and previously held senior business leadership roles including president of Retirement and head of Pension and Structured Solutions.
David Legher, head of Emerging Markets, will report directly to Sullivan, alongside Waldeck, the Japan Group President and CEO Brad Hearn, and PGIM President and CEO Jacques Chappuis.
As part of these changes, Caroline Feeney, global head of Retirement and Insurance, will depart Prudential.
“Caroline has been a trusted partner to me for many years,” said Sullivan. “I am deeply grateful for her commitment to Prudential and for the lasting influence of her leadership.”
Next Article: Prospera Financial Services Welcomes Alphera
Prospera Financial Services Welcomes Alphera
Prospera Financial Services, Inc., a boutique wealth management firm supporting a nationwide network of independent advisors, announced that Alphera Wealth Advisors has joined its platform.
Christina McCaughey, RICP is the founder and financial advisor with Alphera. McCaughey focuses on personal financial planning, retirement strategies, wealth management, financial protection, tax efficient strategies and alternative investments. She also assists companies with 401(k) plans and employee benefits.
“For over twenty years, I worked on Wall Street supporting major financial institutions with complex projects, always focusing on detail, excellence, and results,” said Ms. McCaughey. “I apply the same dedication to my advisory practice, aiming for lasting value for clients and their families. When considering how to operate independently at this level, Prospera was clearly the right fit.”
McCaughey explained that the skill level and experience of the back-office support team, strong and business-minded compliance group and the true independence of the firm were critical in her decision to join Prospera.
Tarah Williams, Prospera’s president and COO, added, “Prospera continues to attract advisors who are intentional about how they serve their clients and grow their businesses. Christina is an elite advisor whose approach aligns seamlessly with our culture and platform. We’ve built an environment that empowers advisors to deliver best-in-class service with a deeply personal touch, and I look forward to working with Christina for years to come.”
McCaughey is a graduate of the University of Connecticut, where she earned a bachelor’s degree in economics. Before becoming a financial advisor, she began her career in investment banking with Salomon Brothers, Credit Suisse, and Barclays.
Next Article: Retirement Plans RVP Joins The Standard
Retirement Plans RVP Joins The Standard
Standard Insurance Company named Elice Lee as a regional vice president in Retirement Plans. In this role, she will collaborate with advisors, plan sponsors and third-party administrators in Wisconsin, Illinois and eastern Iowa.
“Elice’s comprehensive industry experience and proven track record in servicing retirement clients and advisors make her a great fit for The Standard,” said Kevin Mannino, divisional vice president at The Standard. “She is joining us at an exciting time as we continue to build on a record-setting year of sales and strong momentum in the market, positioning us for even greater success ahead.”
Lee has more than 18 years of expertise in the retirement plans industry, with recent experience focused on mid-market retirement plan sales and pooled employer plans at Ascensus. Her career encompasses progressive roles on both the advisor and retirement sides of the business. Lee earned a bachelor’s degree in marketing from DePaul University and holds FINRA Series 6, 7, 63 and 66 licenses.
Next Article: Nationwide Names Securities Leader
Nationwide Names Securities Leader
Nationwide‘s Investment Management Group (IMG) announced that Tammara Flagler has been named leader of Nationwide Securities, LLC (NSLLC), Nationwide’s retail broker dealer and investment advisor, effective December 22.
In this role, Flagler will lead the firm’s direct-to-consumer and business partner investment and advice solutions. She will report to Joseph Aniano, leader of Nationwide’s Investment Management Group (IMG).
With more than 20 years of experience in financial services, Flagler will set the strategic direction for NSLLC and lead its execution. Her priorities include delivering customer experience, ensuring operational excellence and compliance, and shaping a product platform that meets evolving customer needs.
“Tammara’s ability to build high-performing teams and deliver results makes her an excellent choice to lead NSLLC into the future,” said Aniano. “She is admired for her proven ability to manage cross-functional teams in a way that supports individual professional growth, drives business results and exceeds client satisfaction expectations.”
Flagler currently serves as head of securities-backed lending (SBL) sales and distribution at Nationwide. She began her career at UBS and joined Nationwide in 2016, where she has held leadership roles in operations and staff administration prior to leading the SBL team.
She was named Nationwide’s Sales Associate of the Year for Nationwide Corporate Solutions in 2020. Flagler holds a bachelor’s degree in political science from Seton Hall University and maintains FINRA Series 7, 26 and 63 licenses.
Next Article: Income Lab to Offer Tools to Cetera Network
Income Lab to Offer Tools to Cetera Network
Income Laboratory, Inc. is partnering with Cetera Financial Group to offer its retirement income and planning tools to approximately 12,000 financial advisors and institutions in the Cetera network.
By having access to Income Lab’s capabilities, Cetera further expands the number of retirement planning tools available to its financial advisors and institutions to create retirement strategies.
“As retirements get longer and client planning needs become more complex, clients need more than static projections; they need guidance that adapts,” said Johnny Poulsen, CEO and Co-Founder of Income Lab. “We’re proud to work with a forward-thinking firm like Cetera to bring dynamic planning to scale. This isn’t just about better software, it’s about helping advisors deliver better advice and help their clients live their best retirement.”
Next Article: Advisors Join Prime Capital
Advisors Join Prime Capital
Prime Capital Financial announced this week the addition of two financial advisors.
John Sayers III, with nearly three decades of experience in the industry, will focus on comprehensive retirement planning, income strategy, and long-term financial decision-making for individuals and families.
“I’m excited to join Prime Capital Financial, a firm that values integrity, collaboration, and a client-centric approach,” said Sayers. “Having access to expanded resources and a strong team environment allows me to deepen the value I bring to clients and help them stay focused on what matters most, creating lasting financial security.”
Eric Pailing, a veteran of the United States Marine Corps and financial professional with over two decades in the financial services industry, will bring comprehensive retirement income planning, Social Security strategies, and tax-aware withdrawal planning for pre-retirees and retirees to Prime Capital.
“I am excited to join Prime Capital Financial because the firm’s culture and resources align with how I serve clients,” said Pailing. “People deserve advice that puts them first. My goal is to help families feel secure, prepared, and empowered, so they can focus on living the life they’ve been building.”