A growing provider of cloud-based wealth management solutions is positioning to seize opportunities from digital transformation, with a new and highly experienced chief executive officer.
FusionIQ has announced that Eric Noll has taken over as CEO from today (October 9) bringing three decades of financial services industry experience to the roll, including senior positions with Stone Ridge Capital Partners where he was CEO, and serving as President and CEO of Convergex.
Noll was appointed chair of the board of governors of Finra in 2022, a position he continues to hold, and was previously a senior executive at Nasdaq and founded Willow Creek Capital. He recently called on the industry to improve disclosures about complicated investments.
His appointment comes as FusionIQ completes a successful and significant fundraising round with the aim of accelerating its growth in providing digital wealth management solutions including its award-winning FusionIQ One platform and the suite of products it powers.
“I am excited to take on the role of CEO at FusionIQ at a time when each of the elements necessary to fuel further success are in place,” said Noll. “The company has established an integrated wealthtech platform that provides the foundation for accelerated growth and further industry leadership, thanks to a firmwide effort led by our C-suite executives. By equipping advisors and institutions with innovative digital wealth management solutions and expertise, we are positioned to significantly expand across multiple industry channels as we deliver transformation in financial services.”
The new leader will help the firm capitalize on opportunities from the continued digitalization of wealth management which has seen its client base strengthen across multiple channels from banks and credit unions to RIAs, asset managers, and non-financial institutions.
Earlier this year, FusionIQ launched a new platform to make going independent easier for advisors called FIQ Freedom, and a new unified platform for investments, FIQ Market One, which aims to democratize access to a wide range of investment options through an integrated solution for advisors and investors.
FusionIQ recently partnered with interVal to help advisors enhance tech capabilities with a shared vision for “democratizing access to wealth management tools.”
“We see an unprecedented opportunity to accelerate growth by delivering digital transformation that opens wealth to greater numbers of people,” said Mr. Noll. “By eliminating friction in the marketplace, the FusionIQ One platform is providing efficient, effective processes that drive down costs and create growth for wealth management enterprises.”
The firm also appointed former executive vice president and head of platform sales at Fidelity Institutional, John Phillips, as senior strategic advisor with a focus on consulting with industry professionals at RIAs, family offices, and broker-dealers to help them drive growth, efficiency, and transformation strategies.
As well as Noll’s appointment as CEO and chair of the board, the firm has announced a refreshed board line up with three new directors.
Erik Oros is the CIO at Gideon Strategic Partners and a former managing partner at Actinium Capital, Timothy Powers is the CEO of Oakridge Management Group, a multi-family office, and a former executive director at JP Morgan, and Scott Ganeles is the CEO at iAlta and serves on the Board of Directors at Tradeweb.
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