Multi-generational $120M team departs LPL to affiliate via Alpha Omega Wealth Partners, citing cultural fit and high-touch client service model

Osaic, Inc. (“Osaic”), one of the nation’s largest providers of wealth management strategies, today announced that Payne Financial Consultants has affiliated with the firm through its relationship Alpha Omega Wealth Partners (“Alpha Omega”). Led by managing representative David Payne, the firm joins from LPL Financial, bringing approximately $102 million in client assets under administration.

Based in Statesville, North Carolina, Payne Sr. is joined by his sons, Zach Payne, investment specialist, and Andrew Payne, client relationship specialist. The team joins through Osaic office of supervisory jurisdiction (OSJ) Alpha Omega, overseen by managing partner Russell Hadley.

Osaic’s deep bench of experienced professionals, its robust advisor support model and the opportunity to align with long-time peers, were key reasons for the move. “We’ve known and respected Russell’s team for years,” said Payne. “Their understanding of how to support a high-touch, service-oriented firm like ours made Alpha Omega, and Osaic, the natural choice.”

With nearly four decades of experience in financial planning and investment management, Payne Sr. is widely respected for the enduring trust he builds with clients. "My sixth client account, opened in 1985, is still active today," said Payne. “That client once told his wife, ‘If something happens to me, your first call should be to David, then the accountant.’ We strive to build that level of trust with every client we serve.”

“David and his team are exceptional in putting the client first, and we’re thrilled to have them join our community,” said longtime industry leader Hadley. “They bring deep experience and a multi-generational perspective that fits perfectly with the culture we’ve built with Osaic.”

Payne Financial Consultants' affiliation underscores Osaic’s continued momentum in attracting growth-minded, client-focused advisors across the country.

“Payne Financial Consultants exemplify the strength in long lasting, trusted, client-first focused relationships and we are excited to support and partner with them on these priorities,” said Kristen Kimmell, executive vice president of business development of Osaic. “Their decision to join through Alpha Omega reflects our commitment to offering advisors the flexibility, resources and cultural alignment they need to thrive.”

Learn more at Osaic.com.

About Osaic

Osaic, Inc. (“Osaic”), a portfolio company of Reverence Capital Partners, is one of the nation’s largest providers of wealth management strategies, supporting approximately 11,000 financial professionals. Osaic’s mission is to empower entrepreneurial advisors to build thriving businesses and fulfill their clients’ dreams. Visit www.osaic.com to learn more.

Securities and investment advisory services are offered through the firms: Osaic Wealth, Inc. and Osaic Institutions, Inc., broker-dealers, registered investment advisers, and members of FINRA and SIPC. Securities are offered through Osaic Services, Inc. and Ladenburg Thalmann & Co., broker-dealers and members of FINRA and SIPC. Advisory services are offered through Ladenburg Thalmann Asset Management, Inc., and Osaic Advisory Services, LLC., registered investment advisers. Advisory programs offered by Osaic Wealth, Inc. are sponsored by VISION2020 Wealth Management Corp., an affiliated registered investment adviser.

About Payne Financial Consultants

Payne Financial Consultants is a comprehensive financial planning and investment advisory firm dedicated to helping individuals and families build, manage and protect their wealth. With a client-centric approach and decades of combined experience, the firm offers tailored guidance across retirement planning, investment management, tax strategies, insurance and estate planning. Payne Financial Consultants is committed to financial education and long-term relationships built on trust, transparency and personalized service. For more information, visit paynefinancialconsultants.com.

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