Osaic and HarborOne Bank: A Strategic Partnership for Wealth Management Growth

Osaic, Inc., one of the largest providers of wealth management platforms in the United States, has entered into a significant partnership with HarborOne Bank. This collaboration aims to expand HarborOne's wealth management services, a crucial element in their financial offerings. As part of this initiative, Osaic is set to enhance its institutional channel, thereby increasing its assets under management considerably.

Expanding Financial Services in MA and RI
HarborOne Bank, a prominent community bank in Massachusetts and Rhode Island, oversees approximately $5.7 billion in assets across 30 branches. With this partnership, it aims to boost its advisor headcount and fundraising capabilities by integrating Osaic’s considerable expertise in wealth management. This collaboration is expected to add around $114 million to Osaic Institutions' assets under management, underscoring its critical role in increasing financial service options for clients in these regions.

The partnership aligns with HarborOne's strategic focus on making financial services a core part of their product offerings. With Osaic’s robust recruitment and relationship management resources at their disposal, HarborOne will bolster its capabilities in client service and wealth management solutions.

Supporting Financial Professionals and Clients
According to Stephen Amarante, the Leader of Osaic Institutions, the partnership promises exciting prospects for HarborOne's team and clients. Osaic's well-established resources are set to provide the necessary support that HarborOne requires to meet the needs of its financial professionals and clients effectively. This support will be crucial as HarborOne navigates the complexities of wealth management and seeks to better serve its clientele.

Edward Alfieri, SVP of Operations Transformation at HarborOne, expressed confidence in the partnership, highlighting its potential to enhance HarborOne Investment Services. The collaboration is viewed as a means to strengthen their client pipeline and increase the number of trusted financial advisors available to customers, ultimately helping them achieve their financial goals.

About Osaic and HarborOne
Osaic Institutions is a subsidiary of Osaic Holdings, emphasizing the importance of bank and credit union investment programs. Their goal is to foster community and partnership, recognizing the value that financial institutions bring to individual customers and investment professionals alike.

Meanwhile, HarborOne stands as a Massachusetts-chartered trust company, dedicated to addressing the financial needs of individuals and businesses across regions. With a network extending throughout Eastern Massachusetts and Rhode Island, the bank is committed to providing educational resources, such as webinars and digital content, aimed at empowering clients with knowledge about personal finance and business management.

In conclusion, this partnership between Osaic and HarborOne represents a significant step forward in enhancing wealth management services for individuals and businesses in Massachusetts and Rhode Island. As both entities work hand in hand, they are gearing up to create a more dynamic financial environment that not only caters to existing clients but also attracts new customers seeking comprehensive wealth management solutions.

For further information about the partnership and services, you can visit Osaic and HarborOne.