Scivantage Hires David Root as Vice President, Business Development

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New Hire Brings Deep Industry Experience and Strengthens Resources During Growth Phase

Scivantage®, a Global FinTech 100 technology provider of Wealth Management and Cost Basis solutions, today announced the addition of David Root, formerly of Envestnet, Inc., expanding the sales team to handle new growth.

Mr. Root joins Scivantage as Vice President of Business Development to continue Scivantage’s recent success in providing innovative technology solutions to leading financial institutions. “I am excited to start a new challenge with Scivantage and look forward to working with the team to further build out its presence in the marketplace,” said Mr. Root.

David brings with him extensive sales and relationship management experience in the wealth management market place. His successful track record spans investment products and web based software sales.

David has held a number of senior sales positions at industry leading financial services organizations including FundQuest Inc., Neuberger Berman, LPL Financial Services and Putnam Investment Management. Most recently, David was responsible for developing new business nationally for Envestnet, a provider of unified wealth management technology and services to investment advisors. At Envestnet, David focused on building the strategic client base for its web based management account platform. He effectively closed key clients to drive growth.

“We’re thrilled to welcome David aboard during this exciting period of growth for the company,” said Christian Farber, Scivantage CMO, Head of Sales and Marketing. “His proven experience bringing in large enterprise clients will be key our success.”

About Scivantage

Scivantage® is a Global FinTech 100 technology provider of Wealth Management and Cost Basis solutions. With proven expertise in online brokerage, tax and portfolio reporting, and wealth management applications, Scivantage delivers intelligent and actionable information that goes beyond the boundaries of traditional financial software, helping improve investment decisions. Leading financial institutions, including broker-dealers, mutual fund companies, bank custodians, trust and prime brokers, depend on Scivantage’s cloud-based technology to achieve critical business insights, generate new revenue and build stronger customer relationships. For more information, please visit http://www.scivantage.com or contact us at +1.866.724.8268.

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Claudine Martin
Scivantage
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