Osaic Collaborates with Iowa State Bank to Enhance Financial Services

Osaic and Iowa State Bank: A New Era in Financial Services

In a significant move poised to reshape the financial landscape in Des Moines, Osaic, Inc., a leader in wealth management solutions, has partnered with the renowned Iowa State Bank. Established for over 80 years, Iowa State Bank is recognized as one of the most reputable banks in Iowa, managing an impressive $450 million in assets across five locations. This collaboration marks a pivotal expansion of Osaic's institutional channel, set to enhance the banking experience for the bank's diverse clientele.

The partnership was officially announced on January 7, 2025, with Osaic expressing its excitement about integrating Iowa State Bank's investment services division—managing $70 million—into their Osaic Institutions platform. This initiative is designed to provide tailored resources specifically for banks and credit unions, further solidifying Osaic’s commitment to facilitating successful wealth management programs for its partners.

Stephen Amarante, the Executive Leader at Osaic Institutions, stated, "We are excited to welcome Iowa State Bank to Osaic Institutions. It is an honor for their team to choose us as partners. Our extensive resources will undoubtedly be instrumental in ensuring that their program flourishes." This partnership comes at a crucial time for Iowa State Bank, as they strategize to enhance their financial service offerings by expanding their full-time advisors and assets under management.

Karen Serangeli, the Vice President of Iowa State Bank and Program Manager for ISB Investment Services, highlighted the importance of this technological collaboration. "We considered various firms before deciding to partner with Osaic Institutions. Their technology, crafted specifically for financial advisors and program managers, was pivotal in our decision-making process. Furthermore, their long-standing affiliation with Pershing played a critical role. We look forward to implementing these advanced tools to better serve our clients and help them achieve their financial goals."

Osaic Institutions, a vital subsidiary of Osaic Holdings, aims to support the strategic influence that investment programs at banks and credit unions can have on enhancing their clients' financial lives. With resources dedicated to technology, recruiting, relationship management, and lead generation, Osaic is well-positioned to assist financial institutions in optimizing their services.

As Osaic continues to collaborate with over 230 institutions nationwide, they remain steadfast in their mission to align wealth management strategies with the specific goals of each institution they serve. This dedication allows financial professionals to leverage Osaic's extensive resources for better client engagement and service delivery.

In conclusion, this partnership between Osaic and Iowa State Bank represents a significant advancement in the provision of financial services within Iowa. By combining the expertise and resources of both organizations, they aim to create a robust financial environment that not only benefits individual clients but also strengthens the overall economic landscape of the area. As these two esteemed entities work together, the potential for growth and innovation in wealth management services is tremendous, ushering in a new era of financial empowerment in Des Moines and beyond.