MIAMI, July 28, 2022 /PRNewswire/ — Zero Financial Services announced that it has reached a partnership agreement with Forte Capital Group, a financial advisory firm based in New York with approximately 1 billion dollars in client assets and 45 registered representatives and its subsidiary, Innovation X Advisors, a leading late-stage venture capital firm. The Innovation X fund family is over 2 billion dollars of capital commitments and have made many successful exits, including Airbnb, Spotify, Uber, Palantir and Pinterest. Terms of the transaction were not disclosed.
“We think Forte will be a highly strategic addition to both our Ceros Capital Markets investment bank and our Advisors Preferred mutual fund business. I have known Roger, a veteran of the markets, for many years, going back – us in our early careers when we worked together at National Securities. With Forte Capital we will become a significantly larger company, offering a wider distribution and greater product diversification,” he said. Mark GoldwasserCEO of Zeros Financial Services.
“I am very pleased to join forces with Mark, who has built Ceros into a major company in just a few years. I look forward to working together and exploring the many growth opportunities for the future,” he said. Roger MonteforteCEO of Forte Capital.
Goldwasser acquired Ceros Financial Services in 2019 with partners Chris Dewey i 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. Zero completed 117 million dollars in transactions in the medtech sector in 2021 i 145 million dollars from 2020.
Advisors Preferred, the firm’s mutual fund platform based in Rockville, Marylandis a boutique asset manager that manages and distributes investment funds to financial advisors and financial professionals.
About Ceros Financial Services, Inc.
Zeros Financial Services, Inc. Member FINRA/SIPC (www.cerosfs.com) offers comprehensive asset and investment fund management for financial advisors. Zeros and Advisors Preferred services include RIA custody, hybrid advisors, corporate RIA, mutual fund advisory and distribution, and an outsourced trading desk. In addition, Ceros Capital Markets, a division of Ceros Financial, is a digital and brick-and-mortar platform for the distribution of primary offerings in medical devices and secondaries in unicorns through Special Purpose Vehicles (SPVs).
Investing in the 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 involve significant risk of loss of principal. Risk factors for private offerings are listed in the Private Placement Memorandum; and should be read carefully before investing.
SOURCE Ceros Financial Services