Advisor360 has added serious cred to its corporate governance as a successful tech industry veteran takes a seat on its board of directors.
On Tuesday, the leading enterprise wealth tech provider announced the addition of Milind Mehere, founder and former CEO of YieldStreet, to its board of directors.
"We are thrilled to have Milind join our board as we continue to expand our offering and add new clients,” Mike Fanning, CEO of Advisor360, said in a statement.
“Milind is an expert at growing companies and is passionate about leveraging technology to bring professional wealth management and investing guidance within reach of more individuals and families,” said Fanning, who stepped in as CEO of Advisor360 in May following the retirement of Richard Napolitano.
An entrepreneurial leader, Mehere has made a name for himself building substantial, scalable businesses and introducing new product categories. He’s perhaps best known as the founder of YieldStreet, which he led as CEO for nine years as he developed it into a fintech unicorn with 500,000 members and over $5 billion in investments.
Mehere also co-founded Yodle, an ad technology platform for small and medium-sized businesses, which grew into an enterprise with more than $200 million in revenue and grew to 1,400 employees. Yodle was ultimately acquired by Web.com in 2016 for $342 million.
Mehere's achievements have earned him numerous accolades. Apart from being a finalist for EY's Entrepreneur of the Year in 2023 and an Innovation Fellow at Columbia University, he’s a sought-after keynote speaker on the international stage.
Mehere's appointment coincides with a period of strong growth at Advisor360. Aside from Fanning taking over as CEO, the company recently tapped Abbe Gálvez Cordón, a former executive at Bank of America Merrill Lynch, as its senior vice president of strategy and corporate development. It’s also continuing to advance its digital onboarding platform and expand its client base.
Mehere expressed his excitement at the firm’s “cutting-edge work … doing to transform the way financial advisors and firms work.”
“Advisor360° is at the forefront of AI innovation and data automation in wealth management,” he said. “The company’s commitment to the end investor really comes through in how it serves clients.”
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
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.
