Downers Grove, IL Office

Team
Updated today
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OSAIC

Institution

Firm-wide stats for OSAIC

Total advisors

7,847

Across 3,554 offices

Clients per advisor

73 Low

Avg AUM per client

$398,336 Typical

HNW client ratio

10% Low

About

Osaic Wealth serves a broad mix of retail and institutional clients through a multi-advisor platform that supports individual investors (including high‑net‑worth and non‑HNW households), retirement plan sponsors and participants, charities, and corporate clients. It offers both brokerage and advisory services across a range of programs — including comprehensive financial planning, advisor‑managed wrap and non‑wrap portfolios, Unified Managed Accounts, third‑party money manager programs, and retirement plan consulting — many of which are delivered through affiliated broker‑dealer and RIA relationships.

The firm’s investment process emphasizes model‑based asset allocation and portfolio optimization supported by risk‑tolerance questionnaires, efficient frontier analysis, and rebalancing tools; advisors can implement discretionary UMA or advisor‑managed strategies, impose client restrictions, or select third‑party managers and proprietary “Enterprise Strategist” models. Osaic also maintains multiple custodial and legacy program arrangements (including accounts transitioned from earlier mergers), and makes alternative investments available via third‑party platforms that perform initial and ongoing due diligence.

Compared with peers, Osaic is notable for its scale and recent consolidation activity, its complex affiliate network (broker‑dealer, asset managers, insurance and trust affiliates) and private‑equity ownership that influence its platform economics and product offerings. The firm also operates multiple lending and cash‑management programs and receives third‑party platform and revenue‑sharing arrangements — matters it discloses as potential conflicts of interest — and has had several recent regulatory disclosures and enforcement matters that led to enhanced controls and independent reviews.

Based on OSAIC

Expertise

Annuities Private / alternative investments

Based on OSAIC

Location

Downers Grove IL

Advisors at this office

4

Advisors at this office

user avatar

Roger R

Series 63, Series 65

Downers Grove, IL

OSAIC

Roger Ryndak is a financial advisor at OSAIC with 55 years of industry experience. He holds Series 63 and Series 65 licenses and spent over five decades at Lincoln Financial Advisors Corporation before joining OSAIC in 2025. In addition to his advisory role, he operates a sole proprietorship marketing various insurance products. OSAIC serves a wide range of retail and institutional clients through a multi-advisor platform, offering brokerage and advisory services including comprehensive financial planning, managed portfolios, and retirement plan consulting. The firm emphasizes model-based asset allocation and portfolio optimization supported by risk assessment tools and offers access to third-party managers and alternative investments.

Annuities Private / alternative investments
user avatar

Mary S

CFP®, Series 63

Downers Grove, IL

OSAIC

Mary Schaub is a CFP® with over 31 years of experience in the financial services industry. She currently works at Osaic and has been affiliated with Royal Alliance since 2012. In addition to her advisory role, she has operated a self-employed tax preparation business since 1999 and holds a license for fixed insurance, although she is not actively selling. Osaic Wealth serves a diverse client base, including individual investors, retirement plan sponsors, charities, and corporate clients, offering a range of brokerage and advisory services. The firm’s investment approach emphasizes model-based asset allocation and portfolio optimization with multiple strategies available through a complex affiliate network.

Annuities Private / alternative investments
user avatar

Michael R

Series 63, Series 65

Downers Grove, IL

OSAIC

Michael Ruffalo is a financial advisor with OSAIC based in Downers Grove, IL, holding Series 63 and Series 65 licenses and having 24 years of industry experience. He has been with Royal Alliance since 2014 and serves as Managing Director of The Mortgage Store Co., a residential mortgage brokerage. OSAIC Wealth serves a diverse client base, including retail and institutional investors, offering brokerage and advisory services through a multi-advisor platform with an emphasis on model-based asset allocation and portfolio optimization.

Annuities Private / alternative investments
user avatar

Brian U

Series 63, Series 65

Downers Grove, IL

OSAIC

Brian Ullrich is a financial advisor with OSAIC in Downers Grove, IL, holding Series 63 and Series 65 licenses and bringing 43 years of industry experience. He has worked at Royal Alliance since 2012 and previously at LPL Financial and Waterstone Financial Group, Inc. He owns Ullrich Brokerage, Ltd., a sole proprietorship that provides sales and service for the employee benefits marketplace and individual insurance. OSAIC serves a diverse range of retail and institutional clients through a multi-advisor platform offering brokerage and advisory services, including financial planning, managed portfolios, and retirement plan consulting. The firm emphasizes model-based asset allocation and portfolio optimization supported by risk-tolerance assessments and offers multiple investment program options through its extensive affiliate network.

Annuities Private / alternative investments
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