eMoney names Fidelity's Ed O'Brien as new CEO, replacing Mike Durbin

The new exec is taking place of founding chief executive Edmond Walters, who stepped down in September

Mar 17, 2016 @ 3:17 pm

By Alessandra Malito

+ Zoom

Financial planning software provider eMoney has named a new chief executive, Ed O'Brien, senior vice president and head of platform technology for Fidelity Institutional.

Mike Durbin, president of Fidelity Wealth Technologies, had been acting as interim chief executive of the company after Edmond Walters, founding chief executive of eMoney, unexpectedly stepped down in September.

Mr. O'Brien is starting his new position effective immediately, and will now report to Mr. Durbin, who will return to his position at Fidelity.

Last year, Fidelity acquired the Radnor, Penn.-based technology company.

Mr. O'Brien has been at Fidelity for more than 30 years, focusing on development of technology platforms for financial advisers. During this time, he has worked on Fidelity's WealthCentral, as well as AdvisorTech, a platform for advisers in Japan, South Korea and Germany. He has served as president and board member for the Providence Society of Financial Analysts.

“The appointment of Ed as the CEO of eMoney is the right choice as the firm continues to reset the industry's expectations for disruptive innovation,” Mr. Durbin said in a statement. “I'm confident he will help us further establish eMoney as the strongest ally of advisers seeking to meet the growing high-tech and high-touch expectations of their end-clients.”

0
Comments

What do you think?

View comments

Recommended for you

Featured video

Events

Why the bionic adviser is the way of the future

The bionic adviser is the way of the future. We spoke with Simon Roy of Jemstep to get his insights on how technology will continue to impact the industry.

Video Spotlight

Will It Last As Long As Your Clients Do?

Sponsored by Prudential

Video Spotlight

The Catalyst

Sponsored by Pershing

Latest news & opinion

Brian Block's $4 million bonus was tied to a key metric at ARCP

Prosecution rests case in fraud trial against CFO of American Realty Capital Properties.

Voya's win in 401(k) fee suit involving Financial Engines bodes well for other record keepers

Fidelity, Aon Hewitt and Xerox HR Solutions are currently defending against similar fiduciary-breach claims.

Collective investment trusts getting more attention from 401(k) advisers

The funds are catching on due largely to lower costs and more product availability, but come with some inherent drawbacks.

Vanguard rides robo-advice wave to $65B in assets

Personal Advisor Services, four times the size of its closest competitor, combines digital and human touch.

CFPs, including brokers, may have to adhere to a stricter fiduciary duty

CFP Board revises its standards and aims to beef up fiduciary requirements of certificants.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print