Dani Fava, the prominent fintech industry speaker and one-time head of innovation for TD Ameritrade Institutional, announced this week that she is leaving her role as a group president at Envestnet.
Taking to LinkedIn, Fava said she will be accepting a new job at "a company well-placed to capitalize on emerging industry trends, in a seat where [she] can impactfully contribute to and drive growth."
Fava did not immediately respond to a request for more information, but her post implies an amicable split from the firm where she has spent nearly the last four years.
A spokesperson for Envestnet confirmed the news: "During her four-year tenure, Dani played a role in driving our innovation efforts and has been an advocate for our diversity, equity and inclusion initiatives. We thank Dani for her contributions and wish her great success in her new role. Dani's last day with Envestnet is March 22nd."
"After considerable reflection, I have made the strategic decision to step away from my position at Envestnet," Fava wrote.
"Over the past four years, I have had the honor of collaborating with an exceptional team. Together, we have navigated the evolving landscapes of our industry, driven by a shared vision and deep-seated beliefs in the potential of what we could achieve together," she added.
More Innovation Ahead?
Fava said both Envestnet and the wider financial industry are "on the cusp of a transformative era.
"With generative AI poised to revolutionize scale, efficiency and accessibility in ways previously unimaginable, financial advisors are set to become increasingly central to people's lives, rapidly expanding the number of clients they can effectively serve," Fava wrote.
