Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A Distro Startup Raises $2.5MM and Adds Three Sages Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, July 29, 2020

A Distro Startup Raises $2.5MM and Adds Three Sages

Reported by Katherine Robertson

An entrepreneurial mutual fund distribution ally has raised seed funding and added a trio of sages to help guide his startup.

Brian Michael Moran
FLX Distribution
CEO, Founder
The team at Basking Ridge, New Jersey-based FLX Distribution (a third-party marketing firm focused on asset management) has closed a $2.5-million seed round and named members to both its board of directors and its advisory board. Paul Hatch and Patrick Galley are the first two members of the TPM's newly created board of directors, and Fran Cashman joins the advisory board.

RiverNorth Capital Management led the seed round, which also included six strategic, private investors. (The FLX team has not publicly revealed the terms of the deal or the names of the private investors.) Galley is the CEO and CIO of RiverNorth.

Brian Moran, FLX founder and CEO, writes in a statement MFWire that funds from the seed round are "allocated for general corporate purposes, technology development, product launches, and related efforts."

Hatch, a group managing director at UBS, will officially join FLX's board of directors on August 1.

"In an environment like today, I felt it important to surround our leadership team with experienced and forward thinking industry leaders. We are building and growing a company in the most unusual economic period in generations. In my opinion, surrounding yourself with incredibly talented, passionate and experienced people is imperative," Moran explains to MFWire "[Hatch and Galley] have built platforms, products and companies. They are passionate about the industry and helping investors reach their goals."

Cashman boasts more than 25 years in the financial services industry. She has served as executive vice president and global head of marketing and communications and prior co-head of US sales at Legg Mason. Along with her position on the advisory board, Cashman is principal and founder of Mayfair Davie Consulting.

"Fran brings extensive experience and knowledge. Fran is a visionary and one of the industry's most forward thinking leaders. Our team is fortunate to have her as a resource and a partner," Moran tells MFWire.

These additions at FLX come on the heels of other leadership additions in May and June of this year. Also in June, four national firms became the first to sign on with FLX.

"Given FLX's rapid expansion, we anticipate opportunistically adding to our advisory board in the coming months/quarters. Early indications from asset managers, distribution professionals and wealth managers continue to be promising." Moran tells MFWire. "We expect additional asset manager announcements in the near future as well. As pioneers in asset management distribution, we want input and feedback from experienced leaders to reach our ambitious goals." 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2025: Q3Q2Q1
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


    Sorry, no records in the database matched your search parameters. Clich back and try again.



  1. Nicsa webinar - New research by Alex Edmans and the Diversity Project - The Power of diverse thinking: How the best teams make decisions, July 1
  2. MFDF Director Discussion Series - Open Forum, July 9
  3. MFDF webinar - Mid-Year Tax Update for Registered Investment Companies, July 10
  4. MFDF Director Discussion Series - Open Forum (Philadelphia), July 15
  5. 2025 MMI Women in Advisory Solutions Forum, Jul 15-16
  6. Nicsa webinar - How Trusted GenAI is Transforming Data Access in Asset Management, July 16
  7. MFDF webinar - M&A and Consolidation in Asset Management, July 16
  8. MFDF webinar - ETF Conversions, July 17
  9. MFDF Director Discussion Series - Open Forum (New York), July 22
  10. MFDF Ask Anything webinar - AI Edition, July 24
  11. MFDF webinar - Use of Derivatives by RICs, July 29
  12. MFDF Director Discussion Series - Open Forum (Columbus, Ohio), August 20
  13. Samfund Soiree Boston 2025, August 21
  14. MFDF webinar - The Audit Committee Chair's Guide to Balancing Duties and Emerging Issues, September 3
  15. ICI ETF Conference, Sep 8-10
  16. Nicsa webinar - Reimagining Reconciliation: AI, Regulation, and Capital Markets Transformation, September 10
  17. MFDF webinar - Series Trust Funds - Compliance and Board Reporting, September 10
  18. MFDF In Focus - Board Oversight of DEI in Current Landscape, September 11
  19. MFDF webinar - MFDF 15(c) White Paper Webinar Series: Part 4 – Enforcement Action Takeaways, September 16
  20. MFDF webinar - Latest in Closed-End Funds Litigations, September 23
  21. MFDF webinar - Fixed Income Insights: Navigating Market Trends & Opportunities, September 24
  22. MFDF webinar - Risk Management Essentials for RICs and Boards, September 29
  23. MFDF webinar - Diligent - Tools for Fund Board Book, October 1
  24. 10th annual Fuse Forum, October 8
  25. MFDF webinar - Essential Strategies in Board Oversight of Operational Risk Management, October 14
  26. 2025 MMI Annual Conference, Oct 15-17




©All rights reserved to InvestmentWires, Inc. 1997-2025
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use