Nitrogen names new CEO as Aaron Klein steps down

Nitrogen names new CEO as Aaron Klein steps down
Dan Zitting, who succeeds Klein as CEO, is former president of Galvanize.
NOV 14, 2023

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.”  

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.

Latest News

Farther debuts AI investment proposal tool for advisors to win clients
Farther debuts AI investment proposal tool for advisors to win clients

"Im glad to see that from a regulatory perspective, we're going to get the ability to show we're responsible [...] we'll have a little bit more freedom to innovate," Farther co-founder Brad Genser told InvestmentNews.

Barred ex-Merrill Lynch advisor arrested in alleged $2.6M theft of former Miami Dolphin Pro Bowler
Barred ex-Merrill Lynch advisor arrested in alleged $2.6M theft of former Miami Dolphin Pro Bowler

Former advisor Isaiah Williams allegedly used the stolen funds from ex-Dolphins defensive safety Reshad Jones for numerous personal expenses, according to police and court records.

Are you optimally efficient?
Are you optimally efficient?

Taking a systematic approach to three key practice areas can help advisors gain confidence, get back time, and increase their opportunities.

Advisor moves: Father-son duo leaves Raymond James for LPL, RayJay adds Merrill Lynch alum in Florida
Advisor moves: Father-son duo leaves Raymond James for LPL, RayJay adds Merrill Lynch alum in Florida

Meanwhile, Osaic lures a high-net-worth advisor from Commonwealth in the Pacific Northwest.

Beacon Pointe adds six RIAs in two-month acquisition spree, boosting AUM by $2.7B
Beacon Pointe adds six RIAs in two-month acquisition spree, boosting AUM by $2.7B

The deals, which include its first stake in Ohio, push the national women-led firm up to $47 billion in assets.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.