Two senior executives have left Osaic, the broker/dealer network formerly known as Advisor Group — Pete Clemson, chief digital officer, and Melissa Lamarche, senior vice president of advisor relations.
Clemson is leaving to take a personal leave due to the death of his son last year. Lamarche is also 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 considering how best to communicate their departure to its roughly 10,500 advisers.
“They are both very visible with the wider adviser community,” the source said.
Clemson and Lamarche did not return requests for comment before publication, and a spokesman for Osaic declined to comment.
Clemson was was named in early 2021 as senior vice president of digital solutions, a newly created role, reporting to Cindy Hamel, then head of strategy and corporate development. Hamel is now head of business transformation. Prior to that, he spent four years building and running his own design and technology consulting firm, Evati Inc.
He was tasked with creating more efficiency and a smooth application-to-application advisor workflow. This included the continuous construction of The eQuipt platform and its collaboration technology.
Lamarche joined the company through her acquisition of Ladenburg Thalmann. In 2021, she became vice president of advisor engagement and transitioned to her current role in 2023, according to her LinkedIn profile.
During a shakeup in May, she moved from reporting to Erinn Ford, executive vice president of advisor engagement, to Greg Cornick, president of advice and wealth management, according to the source. At the same time, Jen Roche, head of marketing and communications, moved from Cornick's reporting line to Dimple Shah, head of corporate strategy.
Advisor Group announced in April last year that it would merge its multi-brand network under a single name, revealing Osaic as a choice a few months later. Some of its brokers/dealers have already converted.
Last month, Osaic closed with the acquisition of Lincoln Financial's The $115 billion wealth business announced late last year. Osaic had more than 1,400 advisers as part of the deal.