Two senior executives have departed Osaic, the network of broker/dealers formerly known as Advisor Group—Pete Clemson, chief digital officer, and Melissa Lamarche, senior vice president of advisor relations.
Clemson is leaving to take some personal time off due to his son's death last year. Lamarche, too, is taking time off but for undisclosed personal reasons.
According to a source familiar with Osaic, neither executive has another job lined up, and the company is contemplating how best to communicate their departure to its approximately 10,500 advisors.
“They’re both very visible with the broader advisor community,” the source said.
Clemson and Lamarche did not return requests for comment prior to publication, and an Osaic spokesperson declined to comment.
Clemson was brought on in early 2021 as senior vice president of digital solutions, a newly created role, reporting to Cindy Hamel, then-chief strategy and corporate development officer. Hamel is now head of business transformation. Prior to that, he spent four years building and running his own technology design and consultancy firm, Evati Inc. Prior to that role, Clemson was at Schwab for five years as an executive working with client-facing technology.
He was charged with creating more efficiency and a seamless advisor workflow from application to application. That included the continued buildout of the eQuipt platform and its collaboration technology.
Lamarche joined the company through its acquisition of Ladenburg Thalmann. In 2021, she became a vice president of advisor engagement and moved into her current role in 2023, according to her LinkedIn profile. She has reported to Greg Cornick, president of advice and wealth management, since March 2023.
Advisor Group announced in April last year it would merge its multi-brand network under a single name, unveiling Osaic as the choice several months later. Several of its broker/dealers have already been converted.
Last month, Osaic closed on its acquisition of Lincoln Financial’s $115 billion wealth business, announced late last year. Osaic onboarded more than 1,400 advisors as part of the deal.
