Fusion Advisor Network, the co-op-like broker/dealer and practice management service provider led by Philip Palaveev and Stuart Silverman, has added five firms with 18 professionals and more than $3 million in revenue to its partnership, which includes NFP Securities Inc. (NFPSI). Added were Gartenhaus Financial Group, Flowers & Zellers Financial Advisors, Cornerstone Investment Advisors, Craig and Treff Financial Services, and Flower & Desiderio Financial Group. The new members give Fusion a total of 125 firms with 264 professionals.
Fusion's business model provides business management services to its advisors and uses NFPSI for broker/dealer and investment advisory services. In a statement announcing the addition of the new firms, Silverman said, "We want to continue our growth by first and foremost helping our existing firms grow faster than they can on their own and making selective additions to our network."
Palaveev, formerly of Moss Adams, is a regular contributor to Investment Advisor and WealthManagerWeb.com.
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