Zaidi will now take up the role of president of orions financial planning solutions. We are turbotaxing the financial planning process so that more clients can receive financial plans, regardless of their net worth, said hussain zaidi, ceo of advizr. Financial planning software startup closes its doors. In addition to providing orion with an enhanced financial planning capability and an improved client experience, advizr will boost the wealth management platforms retirement business, said. My father was born in new york city and he liked to. They saw nonplanning advisors as a market that could be tempted to dip their toe into planning, if they were presented with a tool that was intuitive and simple. See the complete profile on linkedin and discover hussain. Hussain zaidi is a financial planning veteran with over 12 years of experience working with high net worth clients. The twoway integration will allow data from orions accountmanagement and performancereporting software to feed through to advizr s. With this new functionality, zaidi believes his firm can streamline the endtoend process from prospecting to onboarding to planning to product execution all the while impressing clients. Advizr s cofounders ceo hussain zaidi and coo mustapha baassiri will join orions executive team as president of financial planning.
Advizr workplace today announced it has been selected by alight solutions, a leading provider of technologyenabled health, wealth and human. Orion advisor services to acquire nextgen financial planning and client experience technology provider, advizr, inc. Advizr boosts software with retirement financial planning. Zaidi will remain on as orions president of financial planning solutions, while cofounder and chief operating officer mustapha baassiri will become orions executive vice president of financial. Orion advisor services acquires advizr in financial planning fintech. Advizr competitors, revenue and employees owler company profile. Hussain zaidi, mustapha baassiri, jorge alvarez and jeff monson another way zaidi sees advizr closing the complexity gap is by creating a single software that can be used either on a selfdirected basis by clients or with the advisor. But hussain zaidi, advizr s cofounder and ceo, sees no risk in the move. Advizr, a rising star in the fintech world, has garnered a great deal of attention from the industry. Notably, advizr has shifted from its earlier scrappy stance in planning software. Independent financial partners selects advizr workplace as. Four morgan stanley executives leave to join technology. Advizr venture capital and private equity financings.
Hussain zaidi, cfp president financial planning solutions. But if clarkes concern was once how well his firm matches up with performance reporting firms like tamarac, black diamond and morningstar office, then the advizr deal and orions recent corporate rebranding as an allinone software firm and tamp evinces a grander vision, and reveals what he fears the most. We are pleased to have found a partner in ifp that is also dedicated to empowering advisors with the tools necessary for addressing this pressing need among. Father of two beautiful girls previously cofounder, ceo of advizr acquired currently. Advizr ceo reveals just how the liftout of four morgan. Advizr cofounders hussain zaidi and mustapha baassiri, who served as ceo and coo of the company respectively, will join orion. Orion aquires software provider advizr financial advisor magazine. Clarke and hussain zaidi, ceo of advizr, declined to provide terms of the deal. Advizr was cofounded by hussain zaidi, mustapha baassiri, and jorge alvarez in 20 and is based in new york.
Advizr was founded by hussain zaidi, jorge alvarez, and mustapha baassiri. Hussain zaidi, president of financial planning solutions, advizr, inc hussain zaidi is the president of financial planning solutions and the former ceo and cofounder of advizr, inc. Thursday that it has acquired new yorkbased financial planning software company advizr. The recent departures of four morgan stanley executives to financial planning software firm advizr puts the tech firm in a good position to go after small brokerdealers and fortune 500 firms and compete with roboadvisors, its executives tell riabiz chris salvaggio, brian morgan, janice chanmui and vibin chowallur joined advizr last month, with all but chowallur coming straight from. Orion buys advizr as competition for financial planning.
The company was awarded the best client facing solution of 2015 by bill winterbergs fppad in addition to being nominated two years in a row as the best financial planning software by. He was recently a vp at citigroup and part of a small team that focused on a high net worth, executive clientele. A few years back, advizr ceo hussain zaidi told told me that one of their strategic visions was to target the underserved portion of advisors who dont regularly use financial planning software. Quovo integrates with advizr financial planning software. New york, february 23, 2017 after two years of substantial growth and success with the preretiree segments, advizr is adding advanced financial planning capabilities to. Genpact openwealth embraces advizrs nextgeneration. The leaders group selects advizr as exclusive financial. In 2008, he completed his certified financial planning cfp. Founded by hussain zaidi, jorge alvarez, and mustapha baassiri in 20, advizr is backed by investors that include fenway summer ventures, franklin templeton investments, ia capital group, and sei and is headquartered in new york.
Products february 24, 2017 advizr boosts software with retirement financial planning. The wealth management industry has been generally slow to adopt newer technologies but a group of entrepreneurs, including aaron klein of riskalyze and hussain zaidi of advizr, is emerging to change that. We are very pleased to partner with genpact, a leading global partner to many of the worlds leading financial institutions, says hussain zaidi, chief executive officer of advizr. Advizr is a financial planning software that enables investors to create, monitor and collaborate on financial priorities. It has automated advice delivery that allows more advisors to participate in holistic advice and more clients to receive financial plans regardless of their net worth. Financial planning solutions at orion advisor services llc. Led by hussain zaidi, ceo, advizr provides interactive financial planning software that expands consumer and advisor access to financial planning services. If you were sitting where i was sitting, you wouldnt be viewing this as a gamble, he says. Hussain zaidi, the cofounder and chief executive of advizr, another adviserfacing financial planning tool that recently integrated with wealth management technology provider orion. See the complete profile on linkedin and discover syed sajjads connections and jobs at similar companies. Orion acquires financial planning software firm citywire.
The leaders group selects advizr as exclusive financial planning software for advisers the leaders group announces partnership with advizr, a rising star in the financial planning software segment. Orion advisor services, llc integrates with financial. The powerful, intuitive, interactive financial planning solution empowers advisors to serve their clients in a costeffective way, regardless of net worth. Zaidi says his firms focus on enterprise and institutional is partly designed to avoid a bruising battle in a. View hussain zaidi, cfps profile on linkedin, the worlds largest professional community. They saw nonplanning advisors as a market that could be tempted to dip their toe into planning, if they were presented with a tool that was intuitive. Sei bears no responsibility for the accuracy of the opinions and views expressed herein by hussain zaidi. Clients will benefit from the extra insight, and advisors will benefit from a more complete understanding of clients assets, says hussain zaidi, advizr s cofounder and ceo. Orion acquires software provider advizr financial advisor. Our selfdirected planning is an ideal fit for the 401k space as well as for lower asset and younger investors, enabling advisors and wealth management enterprises to offer. Advizr is a financial planning software that enables investors to create, monitor and collaborate on. Tags financial planning software, wealth management technology, financial services, apps, software. Advizr s mission is to drastically increase the delivery of holistic advice to end clients, thereby helping advisors deepen their client relationships, said hussain zaidi, ceo of advizr. Now, these two fintech companies are joining forces to deliver a unique user experience.
Sei strengthens automated workflows through strategic. Clarke and hussain zaidi, ceo of advizr, declined to provide terms of the. Orion, advizr integration ramps up competition among. New yorkbusiness wire advizr, the financial planning software recognized as the best client facing technology of 2015 by bill winterbergs fppad, and riskalyze, the worlds first risk alignment platform recognized for the same award in 2014, are integrating their awardwinning products to provide an elegant, intuitive and seamless. Hussain zaidi sees greenfields opportunities at small ibds and fortune 500 firms where planning software alone doesnt make the grade april, 2018 7. To help steer the trajectory of the financial planning and client experience technology, which will be available as part of orions platform as well as on its own, advizr cofounders, ceo hussain zaidi and coo mustapha baassiri, will join orions executive team as president of financial planning solutions and executive vice president of. Helmed by chief executive hussain zaidi, advizr enjoyed backing from allianz, franklin templeton investments and sei before its sale to orion. Orion advisor services to acquire nextgen financial. Advizr is financial software created for financial advisors. They saw nonplanning advisors as a market that could be tempted to dip their toe into planning, if they were presented with a tool that was. Orion aquires software provider advizr financial advisor. We are very excited about this new relationship and look forward to working with fiduciary trust. Advizr is dedicated to creating financial planning software that enables profitable financial planning for all of its customers.
Intuitive and powerful enough to create an unparalleled experience for you and your clients. Orion buys planning software startup advizr thinkadvisor. Advizr creats financial planning software that enables profitable financial planning for all of its customers. The orion ceo gets hussain zaidis very silicon alley firm as key ally. We are turbotaxing the financial planning process so that more clients can receive financial plans, explained hussain zaidi, cofounder and ceo of advizr. Orion will not drop its current integrations with the nine financial planning software companies it works with. Advizr workplace to provide financial wellness technology. Advizr competitors, revenue and employees owler company. The powerful, automated, interactive financial planning solution empowers advisors to serve their clients in a costeffective way, regardless of net worth. Advizr, based in new york, ny is dedicated to creating software that will expand consumer and advisor access to highquality financial. As a clientfacing advisor for 12 years, hussain zaidi, advizr s ceo, came up with the idea of a disruptive financial planning application to assist tens of thousands of financial advisors in.
Syed sajjad hussain zaidi software developer connect. About advizr advizr, based in new york, ny is dedicated to creating financial planning programs and technology that will expand consumer and advisor access to highquality financial planning, as well as drive advisor profitability. As a clientfacing advisor for 12 years, hussain zaidi, advizrs ceo, came up with the idea of a disruptive financial planning application to assist tens of. Hussain zaidi and advizr are not affiliated with sei or its subsidiaries. If you were sitting where i was sitting you wouldnt be viewing this as a gamble. View hussain zaidi, cfps profile on linkedin, the worlds largest. Advizr ceo hussain zaidi said the four new executives have an aggregate of more than 60 years of experience in financial planning and said the new hires were a milestone for his company and. Advizr, based in new york, ny, is dedicated to creating software that will expand consumer and advisor access to highquality financial planning services in an accessible format. Advizr cofounders, ceo hussain zaidi and coo mustapha baassiri, will join orions. Company advizr news, employees and funding information.
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