News, Vision & Voice for the Advisory Community


Jeff Mello is latest to join eMoney's talent exodus but CEO Ed O'Brien says it's healthy renewal at a firm that added several hundred people since Fidelity bought it

The ex-Goldman Sachs director of strategy and planning at eMoney joins a growing list of departures exacerbated, sources say, by Fidelity putting a wobbly performance reporting software project -- and staff -- on its plate

Author Oisin Breen February 28, 2020 at 11:09 PM
no description available
Ed O'Brien: Change is a natural and essential part of true innovation, which is why we recently restructured parts of the eMoney organization to support our business objectives.

People Moves



Jesse Livermore

Jesse Livermore

February 29, 2020 — 1:03 PM
Are we really having this discussion? Imagine that, Fido interfering with a well-oiled machine it acquired. Who'd a thunk it? Sanity made bets on Fido's power of reason. It had the luxury of observing Schwab's failed decades long love affair with software development and divestiture of those assets. Sanity lost the bet. The billions of dollars Fido poured into three decades of failed software development could have funded all wealthtech startups since then. Just imagine how far ahead of all its competitors it would be. All systems normal. Full steam ahead. Here we go off the cliff of reason into the swamp of hubris. JLL
Former eMoney employee

Former eMoney employee

February 29, 2020 — 4:18 PM
Two quick comments. Before eMoney was acquired the majority of the employees had little to no experience in finance or technology. You can see this on their LinkedIn profiles... again I said the majority not all. I see some of these former eMoney employees at other companies such as Riskalyze and Orion and shake my head as to why these reputable companies would hire these people with eMoney and Starbucks on their resumes. But that’s my opinion. Second, as stated in this article they over hired and needEd to trim the fat... same as Riskalyze did last year when they let go of 100 employees. It’s a smart move to hire and see how fast you can grow and then when you hit your goals and sales start to slow to cut back and focus on retention. eMoney will continue to dominate... more so now that MGP is part of envestment. Walters is trying to go after eMoney with his new product but I saw what he built and it’s old technology... he should have consulted with younger entrepreneurs and developers outside of the industry. Again, my opinion.

Related Moves

June 11, 2019 at 9:49 PM

Biz Briefs: AdvicePay waives key hiring requirement to land its next CEO • ESG firms may get OK in Oklahoma • eMoney adds new chiefs • CFP Board names new chair-elect • Robinhood cuts more staff

Alan Moore replaces himself with another guy with two respectable titles • eMoney promotes two • Moisand's third in line now known • Robinhood sacks 173 in year-to-date.

July 26, 2023 at 2:34 AM

A week after he became chairman of Eric Clarke's board, Charles Goldman is heading the search to replace Clarke as Orion CEO-- at Eric's direction

Eric Clarke founded Orion in 1999 and built it to a $3.6 trillion AUA juggernaut, but he believes both he and the company are ready for a big change

May 22, 2023 at 5:13 PM

RIA Quick Takes: Orion deepens DFA embrace by using it as portfolio manager-inside-ETF ~ Hardship withdrawals surge at Vanguard and Fidelity ~ Schwab hires 400 ~ Fidelity flips six funds into ETFs ~ Kitces makes list before Christmas ~ Amit Dogra has $1 billion of good news from his new Portland gig

Americans are struggling, though jobs are plentiful; Larry Fink's ESG zeal costs BlackRock another client, just as the Vatican issues ESG guidance; UBS says we didn't like you anyway to mass affluent and Michael Kitces and Craig Iskowitz join forces.

December 3, 2022 at 3:16 AM

See more related moves

Mentioned in this article:

Asset Custodian
Top Executive: Sanjiv Mirchandani

eMoney Advisor LLC
Financial Planning Software
Top Executive: Edward O’Brien

Financial Planning Software
Top Executive: Bob Curtis

Morningstar, Inc.
Top Executive: Joe Mansueto

RightCapital LLC
Financial Planning Software
Top Executive: Shuang Chen

RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING

RIABiz Directory sponsored by:

Directory Sponsor Logo

White Paper Postings

Common Tags

Recent Articles

Popular Writers

RIABiz logo


About Us




RIABiz, Mill Valley, California
Copyright © 2009-2024 RIABiz Inc. All rights reserved.