About


Vanare is lead by a team of experienced and innovative financial services executives with a passion for the wealth management industry.

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EXECUTIVE TEAM

 

Rich Cancro

Rich Cancro is the Founder & Chief Executive Officer of Vanare. As the CEO, Mr. Cancro sets the strategic vision, oversees the company’s business operations, and manages product strategy for Vanare. Mr. Cancro has over 20 years of experience building and managing wealth management businesses, platforms and products. He has a successful track record of creating innovative solutions, re-inventing technology platforms and driving financial growth for his businesses.

Prior to founding Vanare, Mr. Cancro served as a Managing Director at Bank of America/Merrill Lynch where he was the Head of their RIA custody business (Money Manager Services) serving independent RIAs and their HNW clients. He was also responsible for their Global Wealth and Investment Management Managed Account Technology Platform that served over $350 billion in AUM. Prior to BofA/Merrill, Mr. Cancro was a Managing Director at J.P. Morgan, where he was head of their Investment Advisor Services RIA custody business.

Additionally, he was a Senior Managing Director at Bear Stearns and Head of Product Development for their Broker Dealer-Investment Advisor Services clearing and custody business, as well as Group Program Manager for Pershing's NetExchange Wealth Management Technology Platform (now called NetX360 which has over 100,000 professional users). Mr. Cancro also held various leadership roles, including Head of Investment Advisor Services and Head of Institutional Brokerage at DLJ Direct. Mr. Cancro graduated with a B.A. in Business from Gettysburg College.
 

  Outside of work and also at work, Rich is the world's biggest Steelers fan.

 

Outside of work and also at work, Rich is the world's biggest Steelers fan.


VLADIMIR BARANOV

Vladimir Baranov is a Founder and Chief Technology Officer of Vanare. He oversees the company’s software development and technological operations. Prior to Vanare, he was the CTO of NestEgg Wealth, a next-generation technology company and RIA that pioneered online wealth management in partnership with financial advisors.

Mr. Baranov was also President of Avtomat Software, which built custom technology products and provided consulting services to various industries. He held several positions at major financial firms including Citigroup, National Bank of Canada, Tradition North America and Deutsche Bank, where he built technical solutions in Equities and Derivatives.

He graduated from Stony Brook University with a B.A. in Computer Science and a B.S. in Computer Engineering, where he was actively engaged in robotics innovation. He holds two Global Executive M.B.As from Columbia University and London Business School.

 

Vlad is packing his things for the first SpaceX trip to Mars.


Vlad is packing his things for the first SpaceX trip to Mars.


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DAVID COYLE

David Coyle is SVP and Head of Business Development at Vanare.  He is responsible for all aspects of business development including client relationships and partnership opportunities.  With 20 years of experience in the financial and wealth management industry, David has a unique blend of technology and business side knowledge.

Prior to joining Vanare, David was with Interactive Data Corporation.  As part of the Wealth Management team, David assisted financial services and wealth management firms with providing mobile and web tools and market data to customers and financial professionals. Before Interactive Data, David served in business development and sales roles with BlackBerry, Outercurve Technologies and Northstar Systems.  Northstar was acquired by SEI Corporation. David began his career with Merrill Lynch as a Private Client Group Advisor for 10 years, and holds a Bachelor of Science from Messiah College.
 

David is actively trying to learn how the play the drums, like a rockstar.

David is actively trying to learn how the play the drums, like a rockstar.


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DAVID SCALZO

David Scalzo is a Founder and Advisor at Vanare, supporting business development, client management and the financial operations of the company. Mr. Scalzo has nearly 20 years of experience initiating, growing and managing businesses.
 
Prior to Vanare, Mr. Scalzo was the Chief Operating Officer for Securities Client Management at Credit Suisse as well as the Head of Investor and Client Services at Citadel Solutions (now Northern Trust). He also served as a Managing Director at Bear Stearns in charge of Strategy and Business Development for the Global Clearing Services Division. At Bear Stearns, he launched their Investment Advisor Services Business and served as COO.
 
Prior to joining Bear, he was the Director of Operations for Precision Plating Company in Chicago. Mr. Scalzo holds a B.S. in Mechanical Engineering from Northwestern University, M.S. in Manufacturing Engineering from the Illinois Institute of Technology, a Masters in Engineering Management from Northwestern University, and an M.B.A from the Kellogg School of Management at Northwestern University.

Dave is still waiting on the call from Shark Tank to replace Mr. Wonderful.


Dave is still waiting on the call from Shark Tank to replace Mr. Wonderful.


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LEx Sokolin

Alexey Sokolin (Lex) is Founder and Board Member. Mr. Sokolin was previously Founder and Chief Executive Officer of NestEgg Wealth, a next-generation technology company and RIA that pioneered online wealth management in partnership with financial advisors, reaching new customers in a scalable way by algorithmically automating financial advice online. NestEgg Wealth was acquired by Vanare in 2014.  

Additionally, he was an investment banker at Deutsche Bank in the Financial Institutions and Media & Technology groups, and a member of the Strategy team at Barclays Wealth, where he focused on the economics of new ventures and management of the firm’s profitability. Prior to Barclays, he was at Lehman Brothers Investment Management.

Mr. Sokolin received a B.A. in Economics and Law from Amherst College, an M.B.A from Columbia Business School and a J.D. from Columbia Law School, where he was a Harlan Fiske Stone Scholar. He also holds a Certificate in International Relations from the Five College Consortium, and a Certificate in Digital Production and New Media Studies from Middlebury College.

Lex takes Youtube tutorials on how to use computer code to create visual art.

Lex takes Youtube tutorials on how to use computer code to create visual art.


WHAT'S IN A NAME?

Vanare [van- ar] | NestEgg

Definition:  pristine lake waters located in the Adirondacks of northern New York state | a fund of money accumulated as a reserve

The name, Vanare, was chosen because of the continuous opportunities for growth and relationship-building Founder and CEO, Rich Cancro, has experienced since his childhood during trips to Lake Vanare.  These times of inspiration and focus on personal-connectedness perfectly reflect our ongoing mission and commitment to helping advisors expand their business horizons and deepen client relationships through supercharged technology solutions.

A NestEgg is the result of successful money management strategies and the goal of individuals of any asset level, as well as the financial advisors who serve them. The name reminds us of why we do what we do and what we are all striving to attain.

Together, Vanare | NestEgg combines inspiration and achievement to deliver a fully-integrated online wealth management platform built on roboadvisor DNA.