FinMason, a Boston-based financial technology firm focused on investor education, announced today that it has hired Mark Hollingsworth as Head of Advisor Solutions.
In this newly created role, Hollingsworth will spearhead FinMason’s expansion into the financial advisor space, further advancing FinMason's mission of ensuring all investors have assessed their investment risk tolerance and have portfolios that are in line with their risk appetite.
In addition to the free, unbiased online tool for retail investors, FinMason will now expand its risk tolerance assessment platform by launching FinScore Pro, designed for financial firms and their advisors.
“I’m extremely excited to join FinMason and I am particularly drawn to the company’s socially conscious mission of helping hard-working people retire in a secure and timely fashion,” said Hollingsworth. “Having worked in the investment industry for over 30 years, I can attest that the importance of empowering individuals to retire with confidence cannot be overemphasized. The FinScore Pro system will be an ideal solution for financial advisors who want to help their clients assess their levels of risk tolerance in a tangible way.”
“We have no doubt that Mark will be an invaluable addition to our team,” said Kendrick Wakeman, CEO and Founder of FinMason. “Risk tolerance is the key to modern investing, and our innovative process makes risk tolerance assessment understandable and easy, allowing investors to finally move forward with confidence. Expanding into the advisory market is a natural next step, where we can help advisors build understanding, have a collaborative process and gain client validation. We believe that Mark’s deep knowledge and extensive background in the investment and advisory space will help us successfully transition to becoming a provider with a risk tolerance solution for both individuals and financial advisors.”
Hollingsworth was most previously Director of Enterprise Solutions at Riskalyze of Auburn, California. Prior to Riskalyze, he was Co-founder, President and CEO of NEXT Financial Group, a nationwide independent broker-dealer and investment advisor. Prior to NEXT, Hollingsworth also held positions at Wheat First Securities (now part of Wells Fargo), Branch Cabell and Investors Security. He was also a guest host on CNBC’s ‘Squawk Box’ and ‘Taking Stock’ for 5 years, until the founding of NEXT.