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Praxis Solutions, a fast-growing AI-powered, tech-enabled services firm, has appointed John F. Sweeney as Chief Executive Officer, effective June 26, 2025. Sweeney succeeds founder Bill Dwyer, who transitions to Executive Chair and CEO of Praxis’ Anchor Advisory unit. This leadership change positions Praxis to accelerate its AI-driven transformation in the wealth and asset management industries.
John F. Sweeney named CEO of Praxis Solutions, effective June 26, 2025.
Sweeney, President since 2024, brings expertise in AI, blockchain, and wealth management.
Bill Dwyer becomes Executive Chair and leads Anchor Advisory unit.
Praxis develops custom AI agents for sales, research, compliance, and portfolio construction.
Serves 20+ major financial institutions, enhancing efficiency by 35% (company estimates).
Anchor Advisory supports asset managers with telemarketing and sales enablement.
Sweeney, who has served as President since 2024, will oversee daily operations and drive Praxis’ growth strategy. “Praxis’ transformative solutions help financial firms deliver better experiences to clients, empower their teams, and create more value for investors,” Sweeney said. His expertise in blockchain, AI, and digital infrastructure, combined with decades in wealth management, positions him to lead Praxis’ “Think-Make-Do” approach, integrating technology with industry knowledge.
Praxis distinguishes itself by combining deep domain expertise with agile, AI-powered solutions. Its custom AI agents enhance accuracy and efficiency in sales enablement, investment research, due diligence, portfolio construction, and compliance. For example, its KAIA (Kapital AI Analyst) agent, launched in 2025, streamlines investment analysis, reducing research time by up to 40%. Clients, including 20+ major financial firms, report operational efficiency gains of 35%, per Praxis estimates.
Founder Bill Dwyer, previously President of LPL Financial, will remain active as Executive Chair, focusing on strategic initiatives and partnerships. He will also lead Anchor Advisory, which supports asset managers with telemarketing and sales enablement, driving 25% higher client engagement for some partners. “John is exactly the leader Praxis needs for this moment,” Dwyer said, emphasizing Sweeney’s technical and industry expertise.
Praxis operates in the $1.1T global AI market, with wealth management AI adoption growing 30% annually, per BCG data. Its competitors, like Investbanq and Aidentified, also leverage AI for WealthTech innovation, but Praxis’ focus on custom AI agents sets it apart. Posts on X reflect optimism about Sweeney’s appointment, though some note the challenge of scaling AI solutions for smaller firms.
Sweeney’s leadership is poised to strengthen Praxis’ position as a leader in AI-driven wealth and asset management, delivering measurable value to clients in a competitive landscape.
A technology-enabled firm helping wealth and asset managers improve outcomes and reduce costs through industry expertise and advanced technology.
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