Broker-dealer giant Osaic taps Kristy Britt as CFO

Osaic, one of the nation's largest wealth management platforms, announced that Kristy Britt has been appointed as its new chief financial officer.

Britt succeeds Jon Frojen, who is stepping down after five years in the role as part of a planned succession process.

In her new position, Britt will oversee the company's financial strategy, reporting, and capital management.

She's joining the firm during what so far has been an interesting year for the firm's female leadership. One of its longest-tenured veteran leaders, Desiree Sii, announced her decision to leave the broker-dealer network in May, and shortly thereafter in June re-emerged at TAMP provider AssetMark.

Later in August came reports that Jen Roche, who masterplanned Osaic's reinvention from its former brand, Advisor Group, would be heading back to LPL. A few weeks after, the firm announced a number of changes in its management, including an expanded role for Dimple Shah that focuses on advisor growth solutions.

Based in Scottsdale, Arizona, Britt will be reporting directly to Jamie Price, president and CEO of Osaic. Britt is expected to play a key role in optimizing value and improving operational efficiency as part of Osaic’s broader mission to support entrepreneurial advisors in growing their businesses.

Osaic's latest C-suite addition comes with more than 20 years of financial management experience, most recently serving as head of finance for the operations & technology organization at Thomson Reuters. While at Thomson Reuters, she also led a company-wide change initiative that touched every aspect of the business. 

In a statement, Price commended her "ability to drive innovation and navigate complex financial markets" as a major asset that aligns with Osaic's "commitment to providing value to our network of financial professionals so they can better support their clients.

“We are thrilled to welcome Kristy to our leadership team,” he said. “Through her proven track record in financial strategy and planning, she is the perfect fit to lead Osaic's finance department as we enter our next phase of growth.”

Commenting on her new role, Britt expressed enthusiasm about joining Osaic at a pivotal moment. “It is an exciting time to join Osaic as the company takes significant steps to drive meaningful change in the wealth management space,” she said.

Osaic, a portfolio company of Reverence Capital Partners, supports approximately 11,000 financial professionals with $635 million in client assets across the US.