Insurance company Lincoln National is divesting its wealth management business
- Lincoln National is selling its wealth management unit to Osaic
- The deal includes Lincoln Financial Advisors and Lincoln Financial Securities
- Lincoln Wealth has 1,450 advisors overseeing $71 billion in assets under advisement
- The sale is part of Lincoln National’s strategy to focus on its core insurance business
Insurance company Lincoln National has announced that it will be selling its wealth management unit, Lincoln Wealth, to Osaic. The deal includes Lincoln Financial Advisors and Lincoln Financial Securities, both of which are dually registered broker-dealers and investment advisor firms. With approximately 1,450 advisors overseeing $71 billion in assets under advisement, this move is part of Lincoln National’s strategy to focus on its core insurance business.
Public Companies: Lincoln National (LNC)
Private Companies: undefined
Key People:
Factuality Level: 8
Justification: The article provides factual information about Lincoln National selling its wealth management business to Osaic. It includes details about the number of advisors and assets under advisement and management. However, the article is very brief and lacks additional context or analysis.
Noise Level: 2
Justification: The article provides a brief and straightforward announcement of Lincoln National’s decision to sell its wealth management business to Osaic. It includes some relevant details about the deal, such as the number of advisors and assets under advisement and management. However, the article lacks in-depth analysis, evidence, or actionable insights. It also diverts into unrelated territory by mentioning Barron’s Advisor without providing any context or relevance to the main topic. Overall, the article contains minimal noise and focuses on delivering the basic information.
Financial Relevance: Yes
Financial Markets Impacted: The sale of Lincoln National’s wealth management business may impact the financial markets and companies involved in the wealth management industry.
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses a business transaction in the financial industry, specifically the sale of Lincoln National’s wealth management business. This transaction may have implications for the financial markets and companies involved in the wealth management industry. However, there is no mention of any extreme event or its impact in the article.
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