Osaic Expands RISR Tools to 11,000 Advisors as 6 Million Businesses Near Ownership Transition
Updated
Updated · InvestmentNews · Jul 23
Osaic Expands RISR Tools to 11,000 Advisors as 6 Million Businesses Near Ownership Transition
3 articles · Updated · InvestmentNews · Jul 23
Summary
Osaic widened its RISR partnership, giving roughly 11,000 affiliated advisors broader access to business valuation, succession, exit-planning and risk-management tools for privately held companies.
The expansion targets rising demand from aging business owners and their advisors, with McKinsey-cited estimates showing 6 million small and midsize businesses could change hands by 2035, including more than 1 million viable sale or employee-ownership candidates worth about $5 trillion.
RISR said 57% of business owners assessed on its platform lacked protections against death, disability or ownership disputes, highlighting the planning gaps Osaic advisors are being asked to address.
The rollout also fits Osaic's faster tech push: CEO Jamie Price recently said its AI tools Jump and Zocks reached nearly 30% advisor adoption within a year, and advisors can access RISR through Osaic at preferred subscription pricing.