Westport Private Wealth Joins Osaic Through New York Financial Partners with $252 Million in Client Assets

Advisors Scott Mastocciolo and Stuart Gollomp depart Ameriprise to launch independent firm supported by Osaic’s technology, scale and resources

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Osaic, Inc. (“Osaic”), one of the nation’s largest providers of wealth management strategies, today announced that Westport Private Wealth, an independent wealth management firm based in Westport, Conn., has joined Osaic through New York Financial Partners, an Osaic office of supervisory jurisdiction (OSJ). Led by financial advisors Scott Mastocciolo and Stuart Gollomp, the team oversees approximately $252 million in client assets.

As Mastocciolo and Gollomp evaluated potential partners to support the launch of their independent practice, they sought a platform that would allow them to build and market their own brand while delivering the technology, flexibility and operational support needed to scale efficiently and serve clients at a high level.

“We’re excited to partner with Osaic and New York Financial Partners as we bring the Westport Private Wealth brand to market,” said Mastocciolo. “Their leadership, vision and experience provide the foundation we were looking for as we build an independent firm focused on long-term growth and exceptional client service.”

“Joining Osaic empowers me with unparalleled resources and support, enabling me to better serve my clients and grow my practice,” Gollomp added.

By affiliating with New York Financial Partners and Osaic, the team gains access to a comprehensive technology platform, broad investment solutions and a suite of resources designed to enhance operational efficiency and support the evolving needs of their clients.

“Our platform is built to help advisors grow, evolve and plan for the future of their businesses,” said Erinn Ford, executive vice president, advisor engagement and co-head of the independent channel at Osaic. “We’re pleased to welcome Scott and Stuart to Osaic and New York Financial Partners and look forward to supporting them as they build their firm while maintaining their independence and values.”

Osaic continues to attract experienced advisors seeking independence paired with scale and support, including firms such as Midtown Advisors, IDT Capital Group and Oakfield Wealth Management Group.

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 over 10,000 financial professionals. Osaic’s mission is to empower entrepreneurial advisors to create leading wealth management solutions that enhance lives and legacies. 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.