Osaic, Inc. (“Osaic”), one of the nation’s largest providers of wealth management solutions, has announced an expanded partnership with Alerus, a leading commercial wealth bank and national retirement services provider. This collaboration marks another milestone in Alerus’s ongoing effort to deliver more personalized and technology-driven financial guidance to its growing client base.
Alerus, known for its comprehensive financial services — including banking, wealth management, and retirement solutions — has been rapidly evolving. Following its 2024 acquisition of Home Federal Savings Bank, the firm broadened its reach and saw an increased demand for advanced investment and advisory services. To meet this need, Alerus chose Osaic Institutions as its partner, drawn to Osaic’s strong compliance framework, cutting-edge technology, and unwavering commitment to supporting advisors and their clients.
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“When we evaluated broker-dealer options for this expansion, Osaic’s clear banker-focused culture made the decision easy for us,” said Jim Collins, Executive Vice President and Chief Banking and Revenue Officer at Alerus. “The Osaic Institutions team truly understands what it takes to support a bank-based wealth management program. Their technology, community, and dedication to long-term success align perfectly with our values.”
The expanded relationship brings approximately $246 million in total assets under management to Osaic’s platform, enhancing Alerus’s ability to deliver robust and personalized wealth strategies.
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Stephen Amarante, Executive Vice President of Osaic Institutions, expressed enthusiasm for the growing partnership. “Alerus has an incredible reputation for helping clients achieve financial confidence,” he said. “We’re proud to support their next chapter by giving their advisors the tools, flexibility, and technology to provide even more meaningful client experiences.”
The partnership also reflects Osaic’s continued momentum in the institutional space. In recent months, the firm has welcomed Blaze Credit Union, Union Bank, and five additional credit unions — Rave Financial, South Metro Federal, Capital, Impact, and Noble Credit Unions — bringing nearly $500 million in combined assets. Earlier this year, Osaic deepened its presence in the banking and credit union sector by partnering with Navy Federal Investment Services, part of the nation’s largest credit union.
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Together, Osaic and Alerus are redefining how banks approach wealth management — blending innovative technology with a human touch to create a more connected and confident financial future for clients.
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Source : businesswire