Fintech Investment Services News

55ip Brings on Three New Managing Directors

Planswell Fills C-Suite with Eye Towards Global Expansion

Addition of key personnel will support its mission of empowering advisor growth through intelligent, tax-smart investment strategies

55ip has added three managing directors to meet increasing advisor demand for its tax-smart investment strategy engine. The firm has appointed Silvio DeVincentis as Managing Director and Head of Quantitative Research and Development, Michael Camp, CFA, as Managing Director and Head of Advisor Success, and Aaron Tabela as Managing Director and Head of Marketing. The personnel additions are a critical step as 55ip continues to make substantive enhancements to its solution to support a fast-growing list of financial advisor clients and enterprise partners.

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“We’re executing on a bold product vision to be the only solution that can power tax-managed strategies across all asset and client types”

55ip has brought on DeVincentis in an effort to deepen its capability in quantitative research and development. He joins with over 30 years of industry experience and brings advanced knowledge in quantitative finance to support 55ip’s underlying research and algorithms. DeVincentis will report to Swati Bairathi, Chief Product Officer.

Camp and Tabela join 55ip as a part of the firm’s overarching commitment to enhance the advisor experience and extend its reach. Camp has spent over two decades in the financial services industry and works directly with the firm’s advisor clients in positioning them for success leveraging 55ip’s capabilities. Tabela has nearly two decades of experience leading brand and marketing initiatives for technology-driven financial services firms, and will be responsible for driving industry awareness of 55ip’s solution, as well as its joint offerings with leading asset managers. Camp and Tabela will report to Sachin Shah, Chief Operating Officer.

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The appointments come amid a period of strategic and sustained growth for 55ip, in which the firm has exceeded pivotal milestones for advisor adoption. 100 advisory firms with a total of $20 billion of total discretionary assets, including $1 billion of powered assets, are using 55ip to unlock broader usage of model portfolios across their client base. Much of that growth can be attributed to recently launched enterprise partnerships with BlackRock, J.P. Morgan Asset Management, and WisdomTree, with others planned for the fourth quarter and early 2021. Further, the firm has deepened its custodial integration with key custodians and platforms, enabling 55ip to seamlessly capture client account information and support single-sign-on (SSO), making it easy for advisors to set up tax-smart transitions, ongoing tax management, and automated trading for their client accounts.

“We’re executing on a bold product vision to be the only solution that can power tax-managed strategies across all asset and client types,” said Bairathi. “That vision requires solving complex problems in a range of areas, including quantitative R&D. We’re delighted to have someone of Silvio’s caliber join our fast-growing team as we transition into this exciting next phase of growth.”

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