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Former MassMutual U.S. chief Mike Fanning is popping out of retirement to succeed Richard Napolitano as CEO of platform know-how supplier Advisor360°.
Napolitano himself is retiring, efficient Could 1, when Fanning formally takes over the position (Napolitano will stay a strategic advisor to the agency).
Fanning spent 17 years at Massachusetts Mutual Life Insurance coverage Firm in varied management roles earlier than retiring in Could 2023. Within the closing years of his tenure, he oversaw the sale of MassMutual’s record-keeping enterprise to Empower.
Fanning is already aware of Advisor360°, having each served as chairman of the corporate’s board for the final yr and was “instrumental in creating the enterprise case for the corporate inside MassMutual,” in accordance with the corporate’s announcement of his new position.
The all-in-one software-as-a-service Advisor360° platform was spun out of Commonwealth Monetary Community as an unbiased enterprise in April 2019. Napolitano joined the agency as CEO in 2020.
The agency received a WealthManagement.com Trade Award in 2022 for achievement in unified (all-in-one) techniques by know-how suppliers for the rollout of its digital onboarding know-how.
The agency made its first acquisition in January 2023 by shopping for the digital onboarding and different wealth management-related property of supplier Settlement Specific.
On the time, it was famous the acquisition would assist the agency with future improvement work, together with expanded automation and workflows and new digital signature options, amongst different enhancements.
MassMutual stays Advisor360°’s largest buyer, with the software program being utilized by that agency’s greater than 7,500 advisors. After two years of improvement, it was rolled out to the agency’s advisors in June 2021.
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