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Founder Of eMoney Advisor Steps Down

Eliane Chavagnon

8 September 2015

Fidelity Investments has appointed Michael Durbin as interim chief executive of eMoney Advisor, a wealth planning software company that Fidelity acquired earlier this year.

The move follows the decision by eMoney Advisor’s founder, Edmond Walters, to step out of his CEO role and leadership position after 15 years at the firm. It is unclear what his future plans are at this stage.

Durbin – who spent six years as president of Fidelity's RIA custody unit – will work with eMoney Advisor's leadership team to continue running it as an independent company, separate from Fidelity. He will also remain as president of Fidelity Wealth Technologies, the organization into which eMoney has been reporting.

Before joining Fidelity, Durbin spent 18 years working at Morgan Stanley.