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

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

Rating:How Is FLX Using Its New Capital? Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, November 17, 2022

How Is FLX Using Its New Capital?

Reported by Neil Anderson, Managing Editor

Fresh from raising a third round of capital, a distribution ally to fundsters is expanding his team and investing further in technology.

Brian Michael Moran
FLX Networks
CEO, Founder
Brian Moran, founder and CEO of FLX Networks, confirms that hiring has already begun in light of the Bernardsville, New Jersey-based TPM's recent growth equity round. (FLX raised $10 million in this latest round, as previously reported. The firm now supports nearly 60 asset managers with nearly $2 trillion in combined assets.)

Via an emailed statement, Moran tells MFWire that he's hiring across a number of areas, including infrastructure, national accounts, platform sales, support, technology, and wholesaling. (Specific positions he's adding include chief product officer and IT director.) FLX, which will celebrate its third anniversary next month, now has a team of 37 people.

Moran is also using the new capital on "technology builds."

"We are a technology company," Moran writes. "We've built our entire community platform from the ground up; through our platform we deliver an engagement opportunity that modernizes and simplifies how this ecosystem comes together."

FLX now has more than 1,000 industry members. Members include financial advisors (with indie B-Ds, RIAs, and wirehouses), home office personnel at those B-Ds and RIAs, and "asset manager employees and industry professionals tied to sales, marketing, and other asset management job functions," Morgan confirms. 

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
2024: Q2Q1
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




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use