BERNARDSVILLE, N.J., November 3, 2022 — FLX Networks, the technology platform redefining asset and wealth management firm interaction, announced a USD 10 million capital raising today. The USD 50 million growth equity transaction was managed by global investment management Barings, with participation from industry stalwarts Allianz Life Ventures and Broadridge Financial Solutions (NYSE: BR).
The increase demonstrates cross-industry trust in the platform and corresponds with significant FLX Networks accomplishments. The Company, which will celebrate its third anniversary in December, has sold over $1 billion in investment products, saved member asset managers over $10 million in discretionary expenditures, and reached 1,000 in overall industry membership. The additional cash will be dedicated to technological development and new staff to maintain momentum.\]
“At Barings, we’ve seen firsthand how FLX can simplify engagement between asset managers and the wealth management community to increase access to institutional-quality investment strategies,” said Tom Bavin, Head of Corporate and Product Strategy at Barings, an FLX Networks Board Member. “We believe this fresh investment round will enhance FLX’s mission and grow the technological platform.”
FLX Networks has surmounted – and thrived in the face of – the COVID epidemic and its associated distant work environment, market volatility, and record inflation since its launch in December 2019 by addressing a shifting asset-to-wealth manager interaction paradigm.
Businesses of all sizes have well received their simple, updated engagement strategy. It allows them to use synthetic scale and strategic partners rather than committing resources to costly, time-consuming services. Approximately 60 asset management businesses currently benefit from its centralized resource platform and access to critical partners offering services ranging from lead generation to video creation to dynamic product management solutions.
FLX founder and CEO Brian Moran:
“FLX Networks’ reputation as a pioneer in modernizing and streamlining the engagement experience between an asset manager and a financial adviser is cemented by these essential investments.”
President of Broadridge Data and Analytics, Dan Cwenar:
“Data and analytics are crucial to distribution, and this investment is a logical match for Broadridge since it will help asset managers develop via sales, marketing, and product management activities. We are excited to enhance FLX’s novel distribution approach with our industry-leading data and analytics capabilities.”
FLX Networks is transforming engagement for asset and wealth management organizations and financial advisers. FLX members get access to thought leadership, investment ideas, business tools, and industry networking all in one place, enabling productivity, savings, and growth.
We try our best to fact-check and bring the best, well-researched, and non-plagiarized content to you. Please let us know
-if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback, and thank you for stopping by!
Next Article
