Freeman & Vannauker, a $190 million Freehold, New Jersey-based firm, has been acquired by World Investments. The independent financial services practice is the latest to leave the Osaic network, and will migrate its RIA and broker-dealer accounts to World Investments, the broker-dealer affiliate of World Investment Advisors that rebranded from TFS Securities in June.
“We are thrilled to have the Freeman & Vannauker team become part of the World community,” said Troy Hammond, CEO of World Investment Advisors. “They are an impressive group of advisors, and their addition to World not only continues our recruiting momentum but serves to expand our footprint in the New York City metro area. We look forward to the advantages our partnership will bring all our clients.”
The acquisition reunites World Investments and Freeman & Vannauker, which was once affiliated with TFS Securities. Freeman & Vannauker is led by Partners Brian Freeman and Mark Vannauker, who focus on providing investment, retirement and educational plans for clients, as well as insurance and risk management solutions.
“I could not be happier to welcome back Brian and Mark,” said Tom Hyland, President of World Investments. “Their decision to partner with World Investments is undoubtedly a strong validation of the support our family of companies can offer to strong, growth-minded advisor businesses looking to enhance the level of service they provide clients.”
Citing a shared ethos and growth strategy, the partners said, “Joining World Investments gives us an opportunity to streamline our operations and offer a broader suite of products and services, allowing us to enhance our clients’ experience and help them achieve their goals.”
With the loss of Freeman & Vannauker, Osaic’s retention woes continued into the new year. World is the latest firm to attract some of these advisors.
This acquisition is the 11th transaction for World Investment Advisors since October 2023. In August, World Investment Advisors named Kevin Ryan as its new Chief Financial Officer. In July, it acquired Boston Harbor Wealth Advisors, with $3.5 billion in assets under management.
Michael Madden, Contributing Editor and Research Analyst at Wealth Solutions Report, can be reached at michael.madden@wealthsolutionsreport.com.
