Elmsford, New York-based Fusion Advisor Network announced on May 12 that Philip Palaveev has joined as president and a shareholder in the firm. Based in Seattle, Palaveev will open and operate the firm's first West Coast office, overseeing practice management and helping it expand into the Registered Investment Advisory (RIA) area, with "recruiting financial advisors" as one of his first tasks. Specializing in consulting with broker/dealers, insurance companies, and investment advisors, Palaveev has participated in over 200 consulting engagements, and was chosen as one of Investment Advisor's "IA 25″ for 2008.
"Fusion's growth is due to its successful bundling of business management assistance and negotiation with key industry service providers," said Palaveev, in a statement announcing his new position. "That is the future of successful industry affiliation models–integrating strategic planning with execution assistance to dramatically improve the advisory practice."
