The Union Bank Co. Partners with Osaic Affiliate Savage and Associates

New relationship brings $127 million from LPL to Osaic’s network, provides Union Bank clients access to expanded financial planning and investment services

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Osaic, Inc. (“Osaic”), one of the nation’s largest providers of wealth management strategies, today announced a strategic partnership between Savage and Associates, an Osaic-affiliated office of supervisory jurisdiction (OSJ), and The Union Bank Co. (“Union Bank”), a deal that will expand investment services across northwest and central Ohio. The relationship transitions approximately $127 million in assets under administration (AUA) from LPL to Osaic.

This new partnership will allow Union Bank’s retail clients, small-business owners and members of the agricultural community to access a broader range of investment solutions and personalized financial guidance, delivered through the Savage and Associates advisor network.

“We are excited to enter into this partnership with Savage,” said Brian D. Young, president and CEO of The Union Bank Co. “We have almost 190 years of combined experience helping clients, and this agreement extends our ability to provide higher-end services to those we serve.”

The two organizations share a mission to deliver client-first, community-based financial guidance. Founded in 1904, Union Bank serves rural and close-knit communities with a focus on families, small businesses and agricultural clients.

“Our reputation was built on client focus, and this helps us serve with greater impact,” said J.R. Toland, president and CEO of Savage and Associates. “As we looked to expand our footprint, we found a partner that shared our values. This is an excellent way for The Union Bank Co. to broaden its services and for Savage to grow our regional presence.”

Union Bank sought a partner that could elevate its client offerings through a robust platform and experienced advisor network. Savage and Associates, supported by Osaic’s technology, resources and advisor-focused solutions—proved to be the ideal fit. With longstanding presence in northwest and central Ohio, most of Union Bank’s 14 branches are in close-knit, rural communities. The partnership enables both organizations to deepen their reach into underserved markets while maintaining a commitment to relationship-based, values-driven service.

“This partnership brings together organizations with a shared focus on client-centered service and deep community ties,” said Kristen Kimmell, executive vice president of business development of Osaic. “It exemplifies the collaboration Osaic is built to support—helping advisors grow through strategic partnerships, robust platforms, and resources tailored to the needs of financial institutions and advisors.”

The Union Bank Co. affiliation reflects Osaic’s ongoing commitment to empowering independent advisors through scalable platforms, advisor-focused resources and a strong culture of partnership. It also contributes to the firm’s continued expansion in regional markets.

To learn more about Osaic, please visit Osaic.com.

About Osaic:

Osaic, Inc. (“Osaic”), a portfolio company of Reverence Capital Partners, is one of the nation’s largest providers of wealth management strategies, supporting approximately 11,000 financial professionals. Osaic’s mission is to empower entrepreneurial advisors to build thriving businesses and fulfill their clients’ dreams. Visit www.osaic.com to learn more.

Securities and investment advisory services are offered through the firms: Osaic Wealth, Inc. and Osaic Institutions, Inc., broker-dealers, registered investment advisers, and members of FINRA and SIPC. Securities are offered through Osaic Services, Inc. and Ladenburg Thalmann & Co., broker-dealers and members of FINRA and SIPC. Advisory services are offered through Ladenburg Thalmann Asset Management, Inc., and Osaic Advisory Services, LLC., registered investment advisers. Advisory programs offered by Osaic Wealth, Inc. are sponsored by VISION2020 Wealth Management Corp., an affiliated registered investment adviser.