Osaic Boosts Credit Union Exposure with $6B Navy Federal Partnership 

Osaic Institutions, Inc., a subsidiary of Osaic Holdings, Inc., has expanded its institutions channel through a partnership with Navy Federal Investment Services (NFIS), the broker/dealer subsidiary of Navy Federal Credit Union. NFIS will bring 69 advisors to the Osaic Institutions platform which focuses on banks and credit unions.  

This is the largest credit union from the LPL-Atria acquisition joining Osaic. 

The partnership with Osaic comes as NFIS embarks on a strategic growth plan, expanding its full-time advisors as well as assets under management. The Osaic Institutions platform offers specialized resources, including recruitment, technology, relationship management and lead generation services. NFIS will join 230 other institutions currently working with 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,” said Greg Cornick, an Osaic EVP of advice and wealth management. 

Established in 1933, Navy Federal works with more than 14 million members, and its investment services arm, founded in 1999, has over $6 billion in assets under administration.