LifeYield, LLC Hires Thomas Prior as Head of Sales
BOSTON, October 5, 2008 – LifeYield, LLC, a financial technology provider to wealth management firms and advisers, today announced that Thomas Prior has joined the firm as Head of Sales. Mr. Prior will lead LifeYield's sales of its suite of scalable web-based tools that help financial professionals streamline decumulation strategy and activity.
Mr. Prior has over 25 years of sales and business development experience in the high technology industry, with particular focus in the financial technology sector. Prior to joining LifeYield, he was a Senior Sales Executive at CheckFree Services Corporation. Before CheckFree, Mr. Prior was Head of Sales at Upstream Technologies from 2002 until it was acquired by CheckFree in 2007. It was at Upstream that Mr. Prior first worked with LifeYield Co-founders Mark Hoffman, Paul Samuelson and Michael Benedek. Before Upstream, Mr. Prior held a number of senior sales positions, including Director of Sales at Zantaz, a provider of compliance technology to the financial services industry; Vice President of Sales for Quote.com, a financial applications and tools provider later acquired by Lycos; and Director of Sales at Information Access Company, a Thomson Corporation company.
"Tom has a long career of successfully selling software services to the financial sector," said Mark W. Hoffman, Chairman, CEO, and Co-Founder of LifeYield. "This makes him especially effective because he truly understands the needs of our clients."
"I am thrilled to once again work with Mark, Paul, and Michael," said Mr. Prior. "They have a repeated, proven track record of delivering best-of-breed technology solutions to the financial sector and are doing it once again with LifeYield."
About LifeYield
LifeYield, LLC provides technology services that help automate the time-consuming process wealth advisors must repeatedly go through in selecting which of a client's assets to sell in providing that client a steady, recurring income. The company's mission is to provide wealth advisors, including trust officers, brokers, and financial advisors, with the best solutions available anywhere for maximizing and generating sustainable income from a client's portfolio. Headquartered in Boston, LifeYield was founded, and is managed, by industry veterans Mark W. Hoffman, Paul R. Samuelson and Michael P. Benedek. For more information, please visit www.lifeyield.com.
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What People Are Saying
"Our studies show top advisors spend 1-3 hours completing a comprehensive cash harvest; advisors observed the LifeYield ROI™ tool will do it within seconds and ensures consistency of process and outcome."
Warren Cormier, President, Boston Research Group and Co-Founder, Behavioral Finance Forum