Schaible Russo Financial Joins Osaic’s Supported Independence Model with $450 Million in Client Assets

New Jersey-based team moves from 1099 to W-2 model to expand resources, streamline operations and drive long-term growth

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Osaic, Inc. (“Osaic”), one of the nation’s largest providers of wealth management strategies, today announced that Schaible Russo Financial has joined its Supported Independence (W-2) model, transitioning from its long-standing 1099 affiliation. Led by financial professionals Tom Schaible and Al Russo, the Whitehouse Station, New Jersey-based firm oversees approximately $450 million in client assets.

Schaible and Russo joined Osaic through Securities America and recently transitioned to Osaic’s Supported Independence model to access greater operational support, including human resources and real estate services, as well as succession planning tools. The transition also brings their office support staff into full-time W-2 employment with Osaic.

“We are committed to delivering exceptional financial planning and investment advice,” said Schaible, managing director at Schaible Russo Financial. “Osaic’s Supported Independence model gives us the tools, structure and flexibility to grow our practice, while continuing to prioritize those we serve.”

The firm’s existing client relationships and service delivery remain unchanged. Clients will continue working with the same trusted advisors and team, while benefiting from Osaic’s enhanced wealth management platform, expanded investment options and advanced planning capabilities. The move also boosts operational efficiency, enabling the advisors to devote more time to personalized guidance and strategic planning.

“Tom and Al are a prime example of an experienced advisory team entering the next stage of their entrepreneurial journey, seeking the most suitable business model for their needs,” said Jamie Price, chief executive officer at Osaic. “Their move to Supported Independence reflects our ongoing investment in providing advisors with flexible ways to partner with us, so clients can continue to benefit from personalized, high-quality advice.”

Osaic designed the Supported Independence model to empower advisors’ entrepreneurial mindset and client-first philosophy without the complexities of full business ownership. The model enables advisors to focus on client relationships and the long-term direction of their business, without the administration of running back-office functions such as compliance, HR and technology. It also offers robust succession planning support to affiliated advisors.

“This move gives us the freedom to serve our clients with even greater focus,” said Russo, managing director at Schaible Russo Financial. “It’s a strategic step forward, one that aligns with the way we want to run our business. This was the right solution at the right time with the right partner.”

Schaible Russo Financial is the latest in a growing number of advisory teams to join Osaic’s Supported Independence model, following the recent acquisition of CW Advisors and majority investment in Innovative Wealth.

For more information 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., Osaic Advisory Services, LLC. and CW Advisors, LLC., registered investment advisers. Advisory programs offered by Osaic Wealth, Inc. are sponsored by VISION2020 Wealth Management Corp., an affiliated registered investment adviser.