Advanced Equities Acquires FFP Securities.CHICAGO Chicago, city, United States Chicago (shĭkä`gō, shĭkô`gō), city (1990 pop. 2,783,726), seat of Cook co., NE Ill., on Lake Michigan; inc. 1837. -- Advanced Equities Financial Corp. announced today that it has completed its previously announced acquisition of FFP FFP - Formal FP. A language similar to FP, but with regular sugarless syntax, for machine execution. See also FL. ["Can Programming be Liberated From the von Neumann Style? A Functional Style and Its Algebra of Programs", John Backus, 1977 Turing Award Lecture, CACM Securities, Inc. The acquisition of FFP Securities, a Missouri-based independent broker-dealer Broker-Dealer A person or firm in the business of buying and selling securities operating as both a broker and dealer depending on the transaction. Notes: Technically, a broker is only an agent who executes orders on behalf of clients, whereas a dealer acts as a principal , strengthens Advanced Equities' position in the independent retail brokerage industry and further diversifies its mix of industry leading products and services. FFP Securities, The Advisor Advantage(TM), is recognized as an innovator in product development and support systems directed at independent financial planners Financial Planner A qualified investment professional who assists individuals and corporations meet their long-term financial objectives by analyzing the client's status and setting a program to achieve these goals. . Terms of the acquisition were not disclosed. FFP Securities is now being operated as a separate broker-dealer within Advanced Equities' Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Group which also includes First Allied Securities, Inc., a leading independent broker-dealer which has distinguished itself in assisting top producing financial consultants expand their practices through a unique combination of superior services, products and support. Advanced Equities is actively seeking additional acquisition candidates to integrate into its Financial Services Group and expects to conclude other acquisitions during the year. About Advanced Equities Financial Corp. Advanced Equities Financial Corp. is engaged in retail and institutional securities brokerage, venture capital investment banking and asset management services through its subsidiaries: Advanced Equities, Inc., First Allied Securities, Inc. and FFP Securities, Inc. Combined, First Allied Securities and FFP Securities represent one of the nation's top independent retail brokerage operations with over 800 financial consultants servicing approximately $20 billion in client assets. Advanced Equities' financial consultants are some of the industry's most productive financial consultants, averaging in excess of $240,000 each in annual gross production. Advanced Equities, Inc. has established itself as a leading provider of late-stage private equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. to emerging technology companies backed by the country's premier venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] and as a provider of innovative wealth management solutions to high net worth investors. |
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