Osaic, the large independent broker-dealer, has confirmed that chief financial officer Kristy Britt and executive vice president of Wealth Solutions Greg Cornick will leave the firm. The company disclosed the departures in a brief statement, thanking both executives for their contributions and wishing them well. No reasons or specific timelines for the exits were provided.
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. She previously held senior finance roles at Thomson Reuters. Cornick, who led the Wealth Solutions division, had been with Osaic for several years. Their departures come as the firm navigates a period of leadership flux.
The exits follow other recent senior-level moves at Osaic. In May, the firm announced that Dimple Shah, a key executive, was leaving. Shah later joined Humanity Labs to lead wealth AI adoption, as reported by InvestLin. Additionally, the firm has seen advisor teams depart for competitors, including a $1.1 billion team that moved to Carson Group, as covered in a recent article.
Despite the leadership changes, Osaic stated that it has a strong leadership team in place and remains focused on executing its strategy. The firm continues to invest in solutions, support, and client experience to drive advisor growth, according to the spokesperson. Osaic, which oversees more than $500 billion in total client assets, has been actively recruiting advisors and teams, including a $300 million team from Wells Fargo, as noted in another InvestLin report.
The broker-dealer space has seen significant movement in recent months, with firms like LPL Financial and Osaic attracting nearly $1 billion in advisor teams through W-2 succession models, as detailed in this article. The departures of Britt and Cornick add to the narrative of executive churn at Osaic, which has been reshaping its leadership under CEO Jamie Price.
Industry observers will be watching to see who Osaic appoints to fill the CFO and Wealth Solutions roles. The firm has not announced successors or a timeline for replacements. The exits were disclosed as the U.S. market wound down ahead of the July 4th holiday weekend, limiting immediate details.
