Osaic Makes High-Level Changes

Osaic, the wealth management firm, has internally announced organizational changes and management shifts. The changes include broadened roles for Tim Hodge, executive vice president for trading and operations, and Dimple Shah, executive vice president and head of corporate strategy.

Osaic CEO Jamie Price announced the moves in an internal memo last week.

“Tim Hodge will expand his role to continue strengthening the delivery and execution of our service, operations and technology capabilities for our financial professionals. As part of this change, Tim’s organization will now be known as Operations and Technology Solutions,” the memo said.

Cindy Hamel, executive vice president, business transformation, and Ed Obuchowski, executive vice president, enterprise technology solutions and chief technology officer, and their teams will join Hodge’s organization.

Hamel and Obuchowski will report directly to Hodge; Hamel also will continue to lead Osaic’s M&A activities, including its expansion into the RIA and W2 channel. That allows advisors to join Osaic as employees, working directly with Price and Ed Swenson, executive vice president, RIA solution leader, on these initiatives, the memo says.

Shah will expand her role to focus on advisor growth solutions and bring Osaic’s products and platforms closer to its strategy in developing and executing growth-related services for its financial professionals, Price said in the memo.

Her organization will now be known as Advisor Growth and Platform Solutions. Matt Schlueter, executive vice president, products and platforms, and his team will join Shah’s organization, with Schlueter joining her leadership team and reporting directly to her.