The Massachusetts-headquartered firm will have a new CEO from the start of May. A total of more than three million households benefit from its digital wealth platform.

Advisor360°, which provides wealth management software, has appointed former Mass Mutual US head, Mike Fanning, as CEO. He will succeed Richard Napolitano, who is retiring May 1. 

Fanning has held numerous leadership positions driving technology strategy and enterprise-wide innovation throughout his career, which spans more than three decades in wealth management. He was at MassMutual for 17 years, most recently leading its domestic insurance business.

Napolitano, who joined Advisor360° as CEO in 2020, will serve as a strategic advisor to the firm after he retires.

Some three million households with $1 trillion in assets are connected to Advisor360°’s digital wealth platform, which is run on an open-architecture format. The platform uses its proprietary Unified Data Fabric® (UDF).

The business is headquartered in Weston, Massachusetts, and has teams in India, Northern Ireland and Canada.

Advisor360° is an independent company which was spun out of Commonwealth Financial Network in 2019.