Kristen Kimmell, who has served as Osaic’s head of business development since 2021, has left the independent broker/dealer. A spokesperson for Osaic confirmed her departure, and Kimmell no longer appears on the company’s website.
“During her nearly five years with the firm, she was a valued leader. We thank her for her contributions and wish her well,” the spokesperson said. “Osaic remains focused on attracting and supporting growth-oriented advisors—delivering the scale, resources and partnership they rely on to serve clients and build their businesses.”
The spokesperson did not say whether the firm has hired a replacement for her role, which included overseeing a broader push to recruit advisors outside the independent channel. She also handled internal and external recruiters.
Prior to joining Osaic, Kimmell served as head of advisor recruiting and field marketing for RBC Wealth Management’s U.S. operations. RBC announced Monday that Kimmell would be rejoining the firm as West Divisional Director, effective June 15.
AdvisorHub first reported that Kimmell was returning to RBC.
Her departure follows news last month that two other senior Osaic executives stepped down from their roles, including Dimple Shah, head of strategy and client experience, and Sudhakar Kanagarajan, head of application engineering and architecture. Wealth Management was the first to report the news. Kanagarajan is joining Fidelity Investments.
In December, the firm hired Shannon Reid as president and head of advisor growth and engagement, a newly created position.
Also, in April, Osaic’s private equity owner, Reverence Capital Partners, closed on a recapitalization of the broker/dealer, with Bain Capital entering as a new investor. The deal raised more than $2 billion in fresh capital for Osaic and allowed Reverence to retain majority ownership.
