Osaic Partners with Navy Federal to Enhance Wealth Management Services for Members

Osaic Expands Institutional Services with Navy Federal

In a significant move within the financial services sector, Osaic, Inc. has announced a new partnership with Navy Federal Investment Services (NFIS). This collaboration aims to enhance the wealth management strategies available to the members of Navy Federal Credit Union, the largest credit union in the United States, boasting over 14 million members.

Osaic is recognized as one of the primary providers of wealth management solutions in the country, and its partnership with Navy Federal represents a strategic enhancement of its institutional channel. Navy Federal Investment Services, a part of the Navy Federal Financial Group, will integrate its resources and advisors into Osaic Institutions, which focuses on supporting banks and credit unions.

Greg Cornick, the Executive Vice President of Advice and Wealth Management at Osaic, expressed enthusiasm about the partnership, stating, "We are thrilled to welcome Navy Federal Investment Services to Osaic Institutions. 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."

The addition of 69 advisors from Navy Federal to the Osaic platform not only strengthens Osaic’s advisor network but also emphasizes their shared commitment to enhancing client experiences in financial planning and investment services. This initiative aligns with Navy Federal’s ongoing strategic growth plan to expand its team of full-time advisors and increase its managed assets.

Diane Young, Chief Operating Officer of Navy Federal Financial Group, commented on the collaboration, stating, "Osaic offers unmatched expertise in the institutional space, positioning us to continue achieving our long-term objectives of providing exceptional value to our members. By utilizing the specialized team and service model at Osaic Institutions, we aim to enhance our range and depth of services."

Osaic boasts a vast network, working alongside over 230 institutions nationwide to develop wealth management programs that align with institutional goals. Their commitment is to leverage their capital, scale, and specialized resources to meet the unique demands of banks and credit unions. This partnership is also expected to foster innovative solutions and increased efficiency in the wealth management programs offered.

Steve Amarante, Executive Vice President at Osaic Institutions, emphasized the importance of cultivating strong relationships with investment program managers and financial professionals. "As we evolve, we continuously evaluate our service model to help institutions like Navy Federal Investment Services exceed their goals and enhance their member experience," he stated.

Established in 1933, Navy Federal has grown from a humble membership of just seven to serving millions globally. As a member-owned, non-profit organization, it places the financial interests of its members first. This partnership with Osaic allows Navy Federal to further its mission by enhancing the financial health of its members through personalized investment services.

For its part, Osaic has a mission to empower advisors to not only grow their businesses but also to help their clients achieve their financial dreams. With this partnership, both entities are poised to provide more comprehensive, tailored services that can significantly improve the financial outcomes for their members and clients.

In conclusion, the partnership between Osaic and Navy Federal Investment Services reflects a strategic alignment aimed at improving wealth management solutions for millions. By combining resources and expertise, both firms are set to enhance the service delivery for credit union members, ensuring they have access to optimal financial advice and solutions tailored to their unique needs.