Aaron Klein is stepping down as chief executive at fintech Nitrogen and will be succeeded by Dan Zitting, former president of Galvanize.
Nitrogen was founded in 2011 as Riskalyze, which provided advisors with a digital questionnaire that assesses clients’ risk tolerance and calculates their Risk Number. The company rebranded as Nitrogen in May as it moved toward offering a broader array of wealth management fintech.
Klein, the company’s co-founder and its CEO for 12 years, will continue to serve on Nitrogen’s board and act as a strategic advisor to its leaders.
“After a decade plus of pouring my heart and soul into this company at nearly every waking moment, it’s time for me to take some time, pour my energy into my family and help contribute to Nitrogen’s vision and strategy from a different role,” Klein said in a statement. “It has been the honor of my career to lead this firm, and Dan is going to be an amazing new leader for this organization, driving Nitrogen’s next decade of success.”
[More: 2020 Innovator: Aaron Klein]
Zitting, a CPA, is described in the statement as a software-as-a-service veteran. He has started three companies, one of which, Workpapers.com, was acquired by Galvanize. He was CEO at Galvanize when it was acquired by Diligent, where he became chief product and strategy officer.
“It is an honor to join a team that has truly defined how the wealth management industry engages with clients on their risk tolerance and financial behavior,” Zitting said in the statement.
“I am excited to accelerate the expansion of our platform, adding new ways for advisors to differentiate their services, engage the next generation, drive up client satisfaction and to grow their own firms,” he added.
Chasing productivity is one thing, but when you're cutting corners, missing details, and making mistakes, it's time to take a step back.
It is not clear how many employees will be affected, but none of the private partnership’s 20,000 financial advisors will see their jobs at risk.
The historic summer sitting saw a roughly two-thirds pass rate, with most CFP hopefuls falling in the under-40 age group.
"The greed and deception of this Ponzi scheme has resulted in the same way they have throughout history," said Daniel Brubaker, U.S. Postal Inspection Service inspector in charge.
Elsewhere, an advisor formerly with a Commonwealth affiliate firm is launching her own independent practice with an Osaic OSJ.
Stan Gregor, Chairman & CEO of Summit Financial Holdings, explores how RIAs can meet growing demand for family office-style services among mass affluent clients through tax-first planning, technology, and collaboration—positioning firms for long-term success
Chris Vizzi, Co-Founder & Partner of South Coast Investment Advisors, LLC, shares how 2025 estate tax changes—$13.99M per person—offer more than tax savings. Learn how to pass on purpose, values, and vision to unite generations and give wealth lasting meaning
