Advisor360, a prominent software provider for wealth management enterprises, has announced succession in its leadership as it taps a distinguished industry veteran.
Mike Fanning, who was previously head of MassMutual US, will take the reins as chief executive officer from Richard Napolitano, starting May 1, following Napolitano's retirement.
Fanning stepped down from his position at MassMutual US in May last year. Along with his retirement, the company elevated Paul LaPiana and Dominic Blue, two long-serving executives within its ranks, to join its leadership team.
Fanning brings a wealth of experience to his new role, having been immersed in the wealth management sector for over three decades. His most recent role saw him spearheading MassMutual's domestic insurance operations, a period marked by significant growth and the incorporation of advanced digital processes.
Under Napolitano's leadership, which began in 2020, Advisor360 carved its niche as a standalone entity, evolving from an early-stage spin-off to a profitable firm. Today, Advisor360 employs more than 700 professionals across the US, Canada, India, and Northern Ireland.
"Rich’s leadership and vision have been fundamental in setting Advisor360 on a course for success as an independent technology company," Fanning said in a statement.
"It’s been my pleasure to work alongside some of the industry’s most talented and innovative professionals as CEO of Advisor360. Our growth as a company has truly been a team effort," Napolitano said.
Napolitano recognized Fanning’s pioneering efforts in the industry, which included advocating for Advisor360 within MassMutual and sitting on the fintech platform’s board as its chair over the past year.
"I look forward to advancing our mission, values, and strategic objectives as Advisor360 enters its next chapter of innovation and expansion," Fanning said.
Advisor360 is welcoming Fanning to its leadership team after a year of key upgrades to its platform, including a gifts and entertainment disclosures feature, a multiple transfer of assets functionality to its onboarding module, and an integration with Envestnet/Yodlee.
Meanwhile, Raymond James and Tritonpoint Partners separately welcomed father-son teams, including a breakaway from UBS in Missouri.
Paul Atkins has asked staff to solicit public comment on novel ETFs, pausing the clock on as many as 24 filings linked to the booming event contracts market.
From 401(k)s to retail funds, Deloitte sees private equity and credit crossing into mainstream investing on two fronts at once.
Big-name defections from Morgan Stanley, UBS, and Merrill Lynch headline a busy two weeks of recruiting for the wirehouse.
Markets have always been unpredictable. What has changed is the amount of information investors are trying to process and the growing role advisors play in helping clients avoid emotional decisions
Wellington explores how multi strategy hedge funds may enhance diversification
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
