The founders of consulting firm Fusion Financial Partners have launched FusionNetix, a new firm created to provide “white-glove” managed IT services, cybersecurity expertise and IT consulting solutions to RIAs.
FusionNetix is led by RIA industry veterans Mike and Kimberly Papedis, founders of Fusion Financial Partners. Kimberly Papedis previously worked for firms including Hightower, Wells Fargo, Raymond James and AIG. Mike Papedis previously worked for firms including Hightower, Fidelity and TD Ameritrade.
“Technology is allowing more and more entrepreneurial minded advisors to break free from the restrictions and conflicts inherent in the wirehouse model and run their own independent businesses,” according to Mike Papedis, co-founder and partner of FusionNetix.
“Working with FusionNetix, RIAs can craft the perfect office environment with our procurement solutions, manage their daily IT needs and be assured that their cybersecurity complies with SEC standards,” he said in the announcement.
Their new firm is headquartered in Carlsbad, California, and offers turnkey solutions for new RIAs and breakaway advisors, and also acts as a partner for existing RIAs seeking to improve their IT experience, it says.
FusionNetix resulted from Fusion’s acquisition of Lifeline Computer Services in November.
Among other services, FusionNetix is offering RIAs of any size “enterprise-grade” cybersecurity that includes an artificial intelligence-based antivirus solution, as well as “constant monitoring of the advisor’s network and in- and outbound packets, advanced firewall protection and employee training to mitigate common scams, make for a safer office IT environment, and a clear path for operational efficiencies and growth,” the company says.
Broadridge Names Art Certosimo to Lead LTX
Broadridge Financial Solutions has named Art Certosimo to serve as chairman of LTX, a new artificial-intelligence driven digital trading platform for corporate bonds.
Certosimo is a non-executive chairman and will continue to serve as a senior advisor to the Broadridge executive team.
In his new role, Certosimo “will help set LTX’s strategic direction as we continue building a critical mass of buy-side and sell-side firms to improve liquidity and efficiency in the corporate bond market,” according to Chris Perry, Broadridge president.
Certosimo has over 35 years of experience in international banking and capital markets and previously worked at BNY Mellon as CEO of global markets, leading the company’s foreign exchange, capital markets and derivatives trading businesses worldwide. Before joining BNY Mellon in 1998, he served as principal of Morgan Stanley Asset Management.