Lincoln Finnancial Group to sell portion of business to Osaic, Inc. ...Middle East

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FORT WAYNE, Ind. (WPTA) – Lincoln Financial Group announced that it has agreed to sell its wealth management business to Osaic, Inc. According to a press release sent by Lincoln Financial Group, the transaction is expected to provide about $700 million of capital benefit to Lincoln once the deal is closed. The company says it plans to use that money to be used “primarily to increase the company’s risk-based capital ratio.” The transaction will include the sale to Osaic of Lincoln Financial Advisors Corporation (LFA) and Lincoln Financial Securities Corporation (LFS) – the company’s two independent broker-dealers and registered investment advisory firm. “As we look ahead, we will continu

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Last updated : 16 Dec 2023 clock 06:45 PM

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Lincoln Finnancial Group to sell portion of business to Osaic, Inc. ...Middle East

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