Osaic Inc., formerly Advisor Group, has announced its acquisition of Lincoln Financial Advisors Corp. and Lincoln Financial Securities Corp., collectively known as "Lincoln Wealth", from Lincoln National Corp. 

The deal involves approximately 1,450 financial advisors overseeing around $108 billion in assets. According to InvestmentNews, Osaic did not disclose the acquisition cost. Lincoln Financial reported it to be $700 million. The transaction is expected to provide Lincoln Financial with a capital benefit of approximately $700 million upon closing, with plans to enhance the company's risk-based capital ratio and reduce its leverage ratio.

Osaic has outlined its commitment to facilitating a seamless transition for advisors and clients in its acquisition of Lincoln Wealth. The leadership team and employees of Lincoln Wealth will remain intact and join Osaic as stand-alone entities. The completion of the transaction is contingent on regulatory approvals.

Financial Advisor Transitions consults advisors nationwide to explore employment transition options and to preserve and protect their practice in any transition that they make.