Binghamton, NY Office

Team
Updated today
OSAIC logo

OSAIC

Institution

Firm-wide stats for OSAIC

Total advisors

7,830

Across 3,557 offices

Clients per advisor

73 Low

Avg AUM per client

$398,336 Typical

HNW client ratio

10% Low

About

Osaic Wealth, Inc. serves a broad mix of retail and institutional clients — including individual and high‑net‑worth investors, pension and profit‑sharing plans, corporations, and charitable organizations — through a large network of affiliated financial advisers and multiple advisory platforms. The firm offers integrated brokerage and investment advisory services, financial planning, retirement plan consulting, unified managed accounts, advisor‑managed portfolios, and access to third‑party money managers and wrap programs.

The firm’s advisers use firm‑provided asset‑allocation tools, risk‑tolerance questionnaires, efficient‑frontier analysis, and automated rebalancing to construct portfolios that may include stocks, bonds, options, mutual funds, ETFs and alternative investments; accounts can be managed on either a discretionary or non‑discretionary basis and clients may impose reasonable investment restrictions. Osaic also supports legacy platform programs and transitions (including accounts transferred from prior mergers) and makes available third‑party services such as Envestnet and SEI for model and managed‑account solutions.

What is noteworthy about Osaic relative to many peers is its complex corporate and platform footprint — including multiple mergers that consolidated broker‑dealer and RIA businesses, significant private‑equity ownership, and an established connection to an alternative‑investment distribution platform — and its use of a variety of third‑party commercial arrangements (revenue sharing, platform payments and other referral or structuring arrangements). The firm has also disclosed multiple regulatory enforcement matters in recent years (including SEC orders and penalties) and maintains advisor recruitment and transition programs and lender‑linked services (sweep and lending arrangements and advisor loan/acceleration incentives) that create identifiable conflicts of interest which the firm discloses and says it manages.

Based on OSAIC

Expertise

Annuities Wealth management Tax-loss harvesting Private / alternative investments Retirement plans for business owners (SEP, solo 401k)

Based on OSAIC

Occupation focus

Founder/Business Owner Executive

Based on OSAIC

Location

130 Riverside Drive

Binghamton NY 13905

Advisors at this office

3

Advisors at this office

user avatar

Derek R

Series 65, Series 63

Binghamton, NY

OSAIC

Derek Russell is a financial advisor at OSAIC with 13 years of industry experience. He holds Series 65 and Series 63 licenses and previously worked at American Portfolios Financial Services, Inc. and Hornor, Townsend & Kent, Inc. Outside of his advisory role, Russell owns and operates a multi-line insurance brokerage focused on health insurance and Medicare supplement plans and serves as a board member for the YMCA Broome County. OSAIC serves a diverse client base including individual investors, high-net-worth clients, pension and profit-sharing plans, corporations, and charitable organizations. The firm provides integrated brokerage and investment advisory services using a variety of portfolio construction tools and offers access to multiple advisory platforms and third-party managed-account solutions.

Annuities Wealth management Tax-loss harvesting Private / alternative investments Retirement plans for business owners (SEP, solo 401k) Founder/Business Owner Executive
user avatar

Louis P

Series 63

Binghamton, NY

OSAIC

Louis Panigrosso is a financial advisor at Osaic with 19 years of industry experience. He holds a Series 63 designation and previously worked for American Portfolios for 17 years. Outside of advising, Panigrosso serves on the board of a charitable advocacy group for Lyme disease and is a part-time musician playing drums. Osaic Wealth, Inc. serves a diverse client base including individual, high-net-worth, institutional, and charitable clients through a large network of affiliated advisers. The firm offers integrated brokerage and advisory services with a focus on portfolio construction using asset-allocation tools, risk tolerance assessments, and access to multiple third-party money managers.

Annuities Wealth management Tax-loss harvesting Private / alternative investments Retirement plans for business owners (SEP, solo 401k) Founder/Business Owner Executive
user avatar

Frederick R

Series 63

Binghamton, NY

OSAIC

Frederick Russell is a financial advisor with OSAIC, holding a Series 63 designation and over 31 years of industry experience. He has a long tenure in the financial services sector, including roles at Hornor, Townsend & Kent, Inc., Fred Russell & Co., and Couper-Ackerman-Sampson, Inc. In addition to his advisory work, he organizes and chairs activities for Penn Mutual's Advisor Council and is involved in various insurance brokerage businesses related to life and disability insurance. OSAIC serves a diverse client base including individual and high-net-worth investors, pension and profit-sharing plans, corporations, and charitable organizations. The firm offers integrated brokerage and advisory services, employing a range of tools and third-party platforms to construct portfolios across multiple asset classes for discretionary and non-discretionary management.

Annuities Wealth management Tax-loss harvesting Private / alternative investments Retirement plans for business owners (SEP, solo 401k) Founder/Business Owner Executive
View complete list of advisors at this office
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