Advicent hires CEO

Advicent hires CEO
Phil Cunningham joins firm that is behind NaviPlan and NaviPro.
JAN 08, 2014
Advicent Solutions, the company behind the NaviPlan and NaviPro financial planning software products, announced Wednesday it hired Phil Cunningham as chief executive officer. In November, Zywave Financial Solutions renamed itself Advicent Solutions after selling both its name and its Insurance Solutions Division to the private-equity firm Aurora Capital Group. Mr. Cunningham replaces Bill Haack and Jim Emling, both of whom previously served as CEO at Zywave. Mr. Haack and Mr. Emling will remain at Advicent as members of its board of directors. Mr. Cunningham has served in leadership roles at Fidelity Investments, Automatic Data Processing, and Vista Equity Partners, which is Advicent's private-equity owner. Vista focuses on investing in software and technology-enabled businesses and has approximately $6 billion in committed equity capital. Advicent says its customer base includes approximately 250,000 advisers nationally, including 17 of the top 25 broker-dealers. In December, Advicent discontinued its NaviPlan financial planning products for desktop computers as it develops its NaviPro products for dual online/offline use. Advicent now offers the NaviPro group of financial planning products as a substitute for the discontinued NaviPlan Extended Desktop and NaviPlan Standard Desktop.

Latest News

Cerulli: Advisors struggle to turn 401(k) savers into wealth clients
Cerulli: Advisors struggle to turn 401(k) savers into wealth clients

Just over 10% of advisors' wealth clients come from defined contribution plans, as capacity, data and technology gaps block the bridge to wealth

Alto to buy Forge Trust from Schwab in self-directed IRA push
Alto to buy Forge Trust from Schwab in self-directed IRA push

Deal creates a $20B-plus custody platform for private market investing in IRAs, months after Schwab closed its Forge Global purchase

Wall Street bonanza! The Street on track to hit a record $90 billion in profits: Report
Wall Street bonanza! The Street on track to hit a record $90 billion in profits: Report

Despite the good times, advisors should tread carefully, said one veteran industry executive.

Most workers have retirement plans but no retirement strategy
Most workers have retirement plans but no retirement strategy

Gallagher data reveals a huge gap in financial confidence between employees who work with an advisor and those who don't.

Small employers are more open to pooled retirement plans
Small employers are more open to pooled retirement plans

PEP assets hit $34bn at year-end 2025 as advisors navigate mandate deadlines and a 48% employer interest rate.

SPONSORED Built on insurance experience to deliver on long-term promises

Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.

SPONSORED In the Age of AI, Trust Becomes the Advisor's Greatest Asset

As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor