Osaic, Inc. (“Osaic”), one of the nation’s largest providers of wealth management solutions, announced the expansion of its institutional channel through a new partnership with Navy Federal Investment Services (NFIS), a part of Navy Federal Financial Group, a subsidiary of Navy Federal Credit Union. As the largest credit union in the United States, Navy Federal serves more than 14 million members, bringing 69 advisors to the Osaic Institutions, Inc. (“Osaic Institutions”) platform, which specifically focuses on banks and credit unions under Osaic.
“We are thrilled to welcome Navy Federal Investment Services to Osaic Institutions,” said Greg Cornick, Executive Vice President of Advice and Wealth Management, Osaic. “This partnership highlights our extensive expertise in supporting bank and credit union clients and underscores our commitment to delivering tailored solutions that address the distinct needs of their organizations. We look forward to this partnership and driving value for Navy Federal, its advisors and its members.”
The partnership with Osaic comes as NFIS embarks on a strategic growth plan, expanding its full-time advisors as well as assets under management. NFIS will leverage Osaic’s extensive resources for financial professionals in areas including recruitment, technology, relationship management and lead generation, among other services.
“Osaic offers unmatched expertise in the institutional space, positioning us to continue to achieve our long-term objectives of providing exceptional value to our members,” said Diane Young, chief operating officer of Navy Federal Financial Group. “Leveraging the specialized team and service model at Osaic Institutions, we aim to enhance our ability to expand the range and depth of services we can offer to our members.”
Osaic works with more than 230 institutions of all sizes across the country, with the mission to develop a successful wealth management program that aligns with institutions’ goals by leveraging the firm’s capital, scale and resources specifically tailored for banks and credit unions.
“Osaic Institutions prides itself on the partnerships we cultivate with our bank and credit union investment programs. The relationships we build with our program managers, financial professionals and back-office staff are our top priority,” added Steve Amarante, Osaic Institutions Executive Vice President. “As we evolve, we continuously evaluate our service model to help institutions like Navy Federal Investment Services exceed their goals, stay ahead of changing markets and enhance their member experience.”
