Michael Durbin Named Interim CEO of eMoney Advisor

- eMoney Advisor's Founder and CEO, Edmond Walters, Stepping Down from Leadership Role
- Durbin, Former President of Fidelity’s RIA Custody Unit, to Oversee Transition
- eMoney Advisor Maintains Commitment to Serving Wide Range of Clients

BOSTON – Fidelity Investments® announced today that it has appointed Michael R. Durbin as interim chief executive officer (CEO) of eMoney Advisor, a leading wealth planning software company, which 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, following 15 years with the company. Durbin will work closely with the extended eMoney Advisor senior leadership team to continue to run it as an independent company, separate from Fidelity.

Durbin will continue to serve as president of Fidelity Wealth Technologies, the organization into which eMoney has been reporting. He is a wealth management industry veteran, having spent six years as president of Fidelity’s registered investment advisor (RIA) custody unit during a time of rapid growth and industry transformation. Prior to that, Durbin held a range of leadership roles during an 18-year tenure with Morgan Stanley.

"Edmond Walters has been a tremendous leader and innovator in founding eMoney Advisor, and making it a success," said Michael Wilens, president, Fidelity Enterprise Services. "To ensure a seamless transition from the founder to the next leader will require a leader of Mike Durbin’s integrity, experience and expertise."

"We remain committed to eMoney Advisor’s mission, which is to revolutionize the way trusted advisors serve the needs of their clients through highly innovative, intuitive and collaborative technology," said Durbin. "That will mean ensuring the eMoney team continues to foster an independent spirit, fierce entrepreneurialism and unrelenting focus on clients. The team is incredibly strong and driven to transform the wealth management industry. That spirit will continue."

About Fidelity Investments

Fidelity's goal is to make financial expertise broadly accessible and effective in helping people live the lives they want. With assets under administration of $5.3 trillion, including managed assets of $2.1 trillion as of July 31, 2015, we focus on meeting the unique needs of a diverse set of customers: helping more than 24 million people invest their own life savings, nearly 20,000 businesses manage employee benefit programs, as well as providing nearly 10,000 advisory firms with technology solutions to invest their own clients’ money. Privately held for nearly 70 years, Fidelity employs 42,000 associates who are focused on the long-term success of our customers. For more information about Fidelity Investments, visit https://www.fidelity.com/about.

About eMoney Advisor

eMoney Advisor, based in Conshohocken, Pennsylvania, is the only wealth-planning system for financial advisors that offers superior transparency, accessibility, security and organization for everything that affects their clients' financial lives. An award-winning technology envisioned and created by advisors for advisors, eMoney is more than just wealth management software— it's a better way of doing business. Tailored to transform an advisor's ability to deliver expertise, eMoney is the silent partner in the practice of more than 25,000 of the industry's top financial professionals, helping them leverage technology to strengthen client relationships and differentiate themselves from their competition. Driven to lead through innovation, eMoney is committed to positioning its advisors and their clients for greater success. For more information, please visit: www.emoneyadvisor.

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