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Deals & People January 25, 2011
linkedFA Acquires Similar Networking Site
linkedFA, a social networking site designed for financial professionals, has acquired AdvisorConnect, a private, online community for independent advisers.
Reported by Nicole Bliman
The acquisition allows linkedFA to integrate AdvisorConnect technology, management and membership base into its site, the company said. Like linkedFA, AdvisorConnect offers independent advisers a place for collaboration and social networking that took compliance issues for financial professionals into account.
“We’re very excited to team up with linkedFA to help advisers build credibility and grow their practice through social media. I strongly believe all financial professionals will benefit from this niche community,” said co-founder of AdvisorConnect and financial adviser Vincent Esposito.
linkedFA has reached more than 5,000 international members comprising financial advisers, registered representatives, registered investment advisers (RIAs), insurance advisers, and CPAs, since its launch in March 2010. It has called itself the “first and only FINRA-compliant social networking site for financial professionals” (see “Social Networking Site for Advisers Says It’s FINRA-Compliant”). Richard Joyce was appointed as Chairman of the Board earlier this year (see “linkedFA Appoints Richard Joyce Chairman of the Board”).