Between Sessions with eMoney Advisor at T3 Enterprise 2015

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I met with Drew DiMarino, SVP of eMoney Advisor, between sessions at T3 Enterprise 2015 to dive into the details of what he discussed during his general session presentation at the conference.

After speculation about management changes and potential conflicts following Fidelity’s acquisition of eMoney, DiMarino used the opportunity to address the attendees and set the record straight.

“eMoney Advisor will remain an independent company. Period,” said DiMarino.

He added that the eMoney Advisor platform will continue to be accessible to non-Fidelity clients.

As of November 2015, roughly 75% of eMoney users have custodial relationships outside of Fidelity.

Another rumor DiMarino addressed is the sharing of investor information between eMoney and Fidelity.

DiMarino added, “eMoney has privacy laws against Fidelity accessing and using independent advisor data.”

After the sudden departure of eMoney founder Edmund Walters, DiMarino said that the company is currently searching for a successor CEO, and in the meantime is hiring more developers to deliver “a five-year roadmap in two years.”

On the product roadmap, DiMarino previewed a new client experience that he said will be launching in Q1 2016 that offers easy client onboarding and self registration options for investors.