Navy Federal’s $6.1B AUA Advisory Arm Affiliates with Osaic

Osaic announced that Navy Federal Credit Union’s wealth advisory arm, Navy Federal Investment Services, has joined Osaic’s institutional channel, bringing 69 advisors and a reported $6.1B in assets under advisement. 

NFCU is the largest credit union in the US, with 14 million members, and the move comes as NFIS is actively executing on a strategic growth plan to expand its full-time advisory staff and grow its AUM. Through the Osaic affiliation, NFIS expects to “expand the range and depth of services” it can offer members, Diane Young, COO of Navy Federal Financial Group, said in a statement announcing the deal. 

The Osaic Institutions channel was created in 2022 after the acquisition of Infinex Financial Holdings and focuses on supporting bank and credit union investment programs. 

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Written By: Dakota

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