The advisor know-how platform supplier and consultancy Milemarker has added its personal chief know-how officer.
The agency, which was launched and co-founded by business government and serial entrepreneur Jud Mackrill in 2021, has introduced the appointment of Kailash Duraiswami as its first CTO.
Duraiswami, a serial entrepreneur himself, is not any stranger to the fintech scene. In 2021, he based Pantenix, an AI platform for automating guide data-entry processes, which he later bought to Orion Advisor Options.
Following that acquisition, he continued at Orion as an enterprise architect engaged on Orion’s information streaming platform, which was acknowledged with a 2023 WealthManagement.com Business Award within the know-how disruptor class for information accessibility, supply and transparency.
“Everybody on the management crew has began an organization of their very own,” mentioned Duraiswami, noting that whereas his on-paper mandate as CTO is to handle the software program footprint of Milemarker, it stays an open setting and a younger firm the place the entire crew shares concepts and creativity.
Duraiswami spent a yr contracting with Milemarker as an engineer previous to formally approaching board as its CTO. He has additionally spent greater than a decade working in software program engineering roles along with his entrepreneurial endeavors. He attended Emory College, the place he earned a level in monetary economics.
Milemarker, in easiest phrases, seeks to serve advisory corporations—together with RIAs and IBDs—in gaining management over and “proudly owning their information,” a phrase Mackrill has been quoted utilizing quite a few instances.
The agency has grown to greater than 30 workers and affords a mixture of consulting, managed back-office companies and a fractional chief information officer service, and a number of other software-as-a-service merchandise.
Most lately, Milemarker rolled out its Agency Intelligence product in September. It additionally has an Advisor Relationship Administration platform, an Integration Suite, Knowledge Analytics and Reporting for Wealth Administration and the Milemarker Analytics Suite.
“There are lots of programs that advisory corporations use and often solely a small quantity of parents in a given store are technically proficient sufficient to drill down deeply into these merchandise and even they might be challenged to grasp a given platform’s 10,000 options and handle all the information,” mentioned Duraiswami.
“What we do is take the information from all these programs and construct a portal that enables the advisors and others the power to make use of that information in a significant approach,” he mentioned.
Milemarker tends to serve advisory corporations managing property starting from $250 million to over $200 billion. It has gained expertise working with corporations which have grown by way of mergers and acquisitions and find yourself with pretty heterogeneous tech stacks. The corporate, in flip, helps convey order to the information chaos by creating workflows, integrating these programs and consolidating the know-how they’ve.
“Kailash’s expertise as a founder, mixed along with his success scaling modern applied sciences, makes him the right match to steer Milemarker’s know-how crew,” mentioned Kyle Van Pelt, CEO of Milemarker.
