What FSC Securities does

FSC Securities Corporation, doing business as Osaic, operates as a privately held wealth management platform delivering broker-dealer and registered investment advisory services to independent financial professionals and institutions. The platform supports 11,000+ financial professionals across 270+ financial institutions, reaching 4M+ clients nationwide, and is positioned by the company as one of the nation's largest providers of wealth management solutions. Services are delivered through a multi-entity structure of wholly-owned affiliated broker-dealers (Osaic Wealth, Inc.; Osaic Institutions, Inc.; Osaic Services, Inc.; Ladenburg Thalmann & Co.) and registered investment advisers (Ladenburg Thalmann Asset Management, Inc.; Osaic Advisory Services, LLC.; CW Advisors, LLC.), with advisory programs sponsored by affiliated RIA VISION2020 Wealth Management Corp. The entities are members of FINRA and SIPC where applicable.

The business model follows a B2B2C architecture: Osaic provides back-office infrastructure, compliance supervision, technology, product access, and advisory programs to independent financial advisors and financial institutions, who in turn serve individual investors. Revenue mechanics typical of this model include transaction-based commissions, advisory and asset-based fees on assets under administration, and platform/service charges. The company markets to its advisor and institutional client base through corporate social channels (LinkedIn, Facebook, Instagram, X) and a content initiative branded "Moments that matter," which features advisor-client relationship storytelling.

The platform's underlying technology stack is not disclosed in the available data; no proprietary platform modules, APIs, or AI/ML capabilities are described. The company is headquartered in the USA, is privately held, and reports a headcount of 251–500 employees serving a distributed advisor and institutional client base. Ownership structure, founding date, and detailed financial metrics are not disclosed in the supplied source material.

Name

FSC Securities

Legal name

Osaic

Website

https://joinfsc.com

Company type

Private

Operating status

Operating

Headcount range

251–500 employees

Short description

FSC Securities (doing business as Osaic) is a privately held wealth management platform providing broker-dealer and registered investment advisory services through affiliated entities to 11,000+ financial professionals across 270+ institutions, reaching 4M+ clients nationwide.

Ownership category

akta.pro rank

Product category

Broker-Dealer and Wealth Management Services

NAICS

Portfolio Management and Investment Advice (523940), Investment Banking and Securities Intermediation (52315)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)

akta.pro primary industry

Full-Service Retail Brokerage & Wealth Platforms (FSAAAAAA)

akta.pro secondary industry

Registered Investment Advisor (RIA) Wealth Management (FSAEABAA)

Keywords

• Broker-dealer services
• Registered investment adviser
• Wealth management platform
• Financial advisor support
• Investment advisory services

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Compliance

Distribution channels3 records

Marketing channels5 records

Core offering

FSC Securities (doing business as Osaic) provides broker-dealer and registered investment advisory services to independent financial professionals. Through affiliated FINRA/SIPC-member broker-dealers and SEC-registered investment advisers, the firm delivers securities execution, advisory programs, compliance support, and back-office infrastructure to a network of 11,000+ financial professionals and 270+ financial institutions serving 4 million+ clients nationwide.

Product overview

Osaic operates as a unified wealth management solutions platform, offering securities and investment advisory services through its affiliated entities including Osaic Wealth, Inc., Osaic Institutions, Inc., Osaic Services, Inc., and Ladenburg Thalmann & Co. The platform serves over 11,000 financial professionals and 270+ financial institutions, reaching 4 million+ clients nationwide. Services are offered through broker-dealers and registered investment advisers, with additional advisory programs sponsored by VISION2020 Wealth Management Corp.

Differentiator

Problem solved

Functional benefit

Products and services

• Osaic Wealth Management Solutions Comprehensive wealth management platform providing securities execution, registered investment advisory programs, compliance support, and back-office infrastructure to over 11,000 financial professionals and 270+ financial institutions, reaching 4 million+ clients nationwide. Services are delivered through affiliated broker-dealers and RIAs.
• Broker-Dealer Services Securities broker-dealer services offered through FINRA- and SIPC-member affiliated entities to financial professionals and institutions.
• Registered Investment Adviser (RIA) Advisory Programs Registered investment advisory programs delivered through Ladenburg Thalmann Asset Management, Inc., Osaic Advisory Services, LLC., and CW Advisors, LLC. Advisory programs are sponsored by affiliated RIA VISION2020 Wealth Management Corp.
• Institutional Wealth Management Services Broker-dealer and investment advisory services tailored to financial institutions, delivered through Osaic Institutions, Inc. as part of the Osaic platform.

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core.

• Osaic Wealth, Inc.coreOthersAffiliate broker-dealer and registered investment adviser within the Osaic ecosystem. Securities and investment advisory services offered through this entity.
• Osaic Institutions, Inc.coreOthersAffiliate broker-dealer and registered investment adviser serving institutional clients within the Osaic network.
• Osaic Services, Inc.coreOthersAffiliate broker-dealer entity offering securities services as part of the Osaic ecosystem.
• Ladenburg Thalmann & Co.coreOthersBroker-dealer and member of FINRA and SIPC. Securities are offered through this entity as part of the Osaic services network.
• Ladenburg Thalmann Asset Management, Inc.coreOthersRegistered investment adviser offering advisory services as part of the Osaic platform.
• Osaic Advisory Services, LLC.coreOthersRegistered investment adviser entity providing advisory services within the Osaic ecosystem.
• CW Advisors, LLC.coreOthersRegistered investment adviser providing advisory services as part of the Osaic platform.
• VISION2020 Wealth Management Corp.coreOthersAffiliated registered investment adviser that sponsors advisory programs offered by Osaic Wealth, Inc.

Scale indicators3 records

Recent moves1 record

Expansion highlights3 records

Broad incumbents

• Ameriprise Financial: Diversified wealth and asset management firm with an advisor-supported channel serving individual investors. Offers overlapping broker-dealer, advisory, and wealth planning capabilities to a comparable client base.
• Lincoln Financial Advisors: Wealth management and advisory arm of Lincoln Financial Group supporting independent and employee advisors. Operates in the same independent broker-dealer/RIA space as part of a broader insurance and retirement company.
• Edward Jones: National wealth management franchise with a large advisor force serving retail investors. Comparable target client (mass-affluent households needing planning and advisory services) though primarily employee-based rather than independent-channel.
• Raymond James Financial Services: Diversified financial services firm with a substantial independent contractor channel serving financial advisors. Comparable offering through its Financial Services division while operating a broader wealth and capital markets business.
• Fidelity Brokerage Services: Diversified brokerage and wealth platform offering advisor-served and direct-to-investor channels. Competes for the same underlying retail investor base and supports independent advisors via its institutional wealth services.
• Charles Schwab: Major brokerage and RIA custodian serving many of the same independent advisors and end-clients. Comparable through custody, trading, and advisor platform services even though it does not directly compete as an IBD.

Direct peers

• LPL Financial: Largest U.S. independent broker-dealer and RIA custodian supporting a comparable network of independent financial advisors. Direct competitor for advisor recruitment, technology stack, and wealth management platform services.
• Cambridge Investment Research: Privately held independent broker-dealer and RIA supporting a large national network of independent financial advisors. Competes directly for independent advisor onboarding and wealth platform services.
• Cetera Financial Group: Independent broker-dealer and RIA platform supporting thousands of independent advisors across multiple affiliate firms. Competes head-to-head for independent advisor relationships and institutional wealth management business.
• Kestra Financial: Independent broker-dealer and RIA platform serving independent financial professionals and institutions. Closely comparable in business model and target advisor segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xtwitter.com/osaic_inc
• Facebookfacebook.com/OsaicInc
• LinkedInlinkedin.com/company/fsc-securities
• Instagraminstagram.com/osaic_inc

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FSC Securities