$1.5B Gateway Investments Transitions to Empowered Independence at Osaic

Garden City–based team chooses W-2 structure to accelerate growth, deepen client focus and support next-generation advisors

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Osaic, Inc. (“Osaic”), one of the nation’s largest providers of wealth management strategies, today announced that Gateway Investments, LLC and Retirement Advisory Services Corp (“Gateway Investments”), a Garden City, New York–based advisory team led by Managing Director Thomas Santucci, have transitioned to the firm’s Empowered Independence (W-2) channel.

The team oversees approximately $1.5 billion in assets under administration (AUA) and includes six advisors. Santucci and team have been affiliated with Osaic since 2004 through its 1099 channel. The move reflects a strategic decision to streamline operations and dedicate more time to client relationships while accelerating the development of the firm’s next generation of advisors.

By leveraging Osaic’s integrated platform, Gateway Investments gains access to enhanced operational support, advanced technology and dedicated resources designed to help advisors scale more efficiently.

“Our priority has always been delivering high-quality advice and building lasting relationships with our clients,” said Thomas Santucci, CIMA®, AIF®, managing director of Gateway Investments. “Transitioning to Osaic’s Empowered Independence model allows us to focus more of our time on those relationships while also investing in the future of our firm and the next generation of advisors. It’s a natural evolution of a partnership we’ve built over more than two decades.”

Gateway Investments provides comprehensive wealth management, retirement planning and estate planning services to a diverse client base. The team’s long-standing presence in the Garden City community and its commitment to holistic financial guidance align closely with Osaic’s advisor-first philosophy.

Osaic’s Empowered Independence model is designed for growth-oriented firms seeking greater operational leverage while maintaining the flexibility to deliver personalized advice. The model combines the benefits of independence with the scale and support of a fully integrated platform, enabling advisors to focus on client outcomes and long-term business development.

“Tom and the Gateway Investments team have built a highly respected practice grounded in client service and long-term relationships,” said Cindy Hamel, head of Empowered Independence at Osaic. “Their decision to transition to the Empowered Independence channel underscores the value of a platform that helps advisors grow, develop talent and spend more time where it matters most—serving clients. We’re proud to support their continued success.”

The transition highlights Osaic’s ongoing commitment to evolving its platform to meet the changing needs of advisors, particularly those focused on scaling their businesses and investing in future leadership.

This announcement follows the continued expansion of Osaic’s Empowered Independence channel, including the transition of Pointes North Wealth Management, adding more than $2 billion in assets to the channel in April alone.

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.