MIAMI, July 28, 2022 /PRNewswire/ — Ceros Financial Services announced that it has entered into a partnership agreement with Forte Capital Group, a financial advisory firm based in New York City with about $1 billion of client assets and 45 Registered Representatives and its affiliate, Innovation X Advisors, a leading late-stage venture capital firm. The Innovation X family of funds has over $2 billion capital commitments and have had many successful exits including Airbnb, Spotify, Uber, Palantir and Pinterest. Terms of the transaction were not disclosed.
“We believe Forte will be a highly strategic complement to both our Ceros Capital Markets investment bank and our Advisors Preferred mutual fund business. I know Roger, a veteran of the markets, for many years, dating back to our career beginnings when we worked together at National Securities. Together with Forte Capital, we will become a much larger company, offering broader distribution and greater product diversification,” said Marc GoldwasserCEO of Ceros Financial Services.
“I am very happy to join forces with Mark, who has made Ceros a significant company in just a few years. I look forward to working together and exploring the many growth opportunities for the future,” said Roger MonteforteCEO of Forte Capital.
Goldwasser acquired Ceros Financial Services in 2019 with partners Chris Dewey and David Brown. Ceros Capital Markets, the company’s investment bank based in Miami, focuses on fundraising and private placements for early-stage medical technology companies, particularly those developing disruptive technology for diagnostic and non-invasive procedures. Ceros finished $117 million transactions in the medtech sector in 2021 and $145 million since 2020.
Advisors Preferred, the firm’s mutual fund platform based in Rockville, Marylandis a boutique asset manager that manages and distributes mutual funds to financial advisors and finance professionals.
About Ceros Financial Services, Inc.
Ceros Financial Services, Inc. Member FINRA/SIPC (www.cerosfs.com) offers a comprehensive asset and mutual fund management suite for financial advisors. Ceros and Advisors Preferred services include RIA custody, hybrid advisors, corporate RIA, mutual fund advisory and distribution, and an outsourced dealing desk. In addition, Ceros Capital Markets, a division of Ceros Financial, is a digital and traditional platform for the distribution of primary offers in medical devices and secondary offers in unicorns via Special Purpose Vehicles (SPV).
Investing in stock markets involves risk, including loss of principal. Private placements are not suitable for all investors. Most, if not all, investments in Private Placements are illiquid and many of these investments are speculative in nature. Investing in a private placement may entail a significant risk of loss of capital. Risk factors for private offerings are listed in the private placement memorandum; and should be read carefully before investing.
SOURCECeros Financial Services
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