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.
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