Two executives are to leave Osaic, the company has confirmed to InvestmentNews.
The news broke as teams in the U.S. wind down towards the July 4th weekend and at this time the details are scarce, except that the departures are chief financial officer Kristy Britt and executive vice president of Wealth Management Solutions, Greg Cornick.
A spokesperson told us simply:
"Kristy Britt and Greg Cornick will depart Osaic. We thank them for their contributions during their tenure and wish them the best in the future. Osaic has a strong leadership team in place and remains focused on executing our strategy and continuing to invest in the solutions, support, and client experience that drive advisor growth and success."
No reasons or timelines for the exits have been given.
Britt joined Osaic as CFO in November 2024, succeeding Jon Frojen, who stepped down after five years in the role as part of a planned succession process. Britt was previously with Thomson Reuters. Cornick joined Osaic in 2020 having held several roles at LPL Financial.
Last month Osaic said that Kristen Kimmell, executive vice president, business development, was leaving the firm after almost five years, with RBC Wealth Management revealing later that that Kimmell was rejoining the firm as West Divisional Director, starting June 15. This followed Dimple Shah's decision to leave, announced in May. Last month Shah, widely regarded as a rising star in the wealth management industry, joined AI managed service provider Humanity Labs in the newly-created position of managing director, wealth.
CFP, CFA and CPA holders could gain accredited investor status as regulators weigh wider private market access for advisory clients
DeepVest, Vanilla and Libretto roll out tools to help financial advisors launch firms, close estate plans and sharpen planning skills
“People aren't effectively using their wealth in retirement,” said David Blanchett of Prudential.
Second-generation NFL ref Shawn Hochuli co-founded IWM Partners in Irvine, California, a wealth management practice with more than $500M in client assets
U.S. seniors lose $28.3 billion annually as a result of financial exploitation, according to a 2023 AARP study.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
