Advanced Equities Acquires Investors Resources Group.CHICAGO -- Advanced Equities Financial Corp. announced today that it has signed a definitive agreement to acquire Investors Resources Group, Inc. ("IRG (1) (InterRecord Gap) See interrecord gap. (2) (Internet Research Group, Los Altos, CA, www.irgintl.com) A research and consulting firm founded in 1993 that specializes in developing business strategies for Internet-related companies. ") of Vacaville, CA. The two parties did not disclose terms of the agreement. Closing is expected to occur within the next several weeks. "This acquisition of IRG creates another great addition to our family of AEFC AEFC Aerospace Expeditionary Force Center companies. Our executive team recently reported an especially positive response from all of the IRG brokers and advisors who recently attended our technology and practice management conference hosted by First Allied Securities," said Adam Antoniades, President of Advanced Equities Financial Corp. "We believe our advisors at IRG will benefit greatly from the innovative technology and product advancements of First Allied and Advanced Equities, which will offer tremendous value to the clients we serve. Our advisors visited with First Allied and are very enthusiastic about the opportunities ahead; in particular, we look forward to taking advantage of FASI's wealth management initiatives and alternative investments to help us attract high-net-worth clients," said John Overholtzer, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of IRG. About Investors Resources Group, Inc.: Investors Resources Group, Inc. is an independent broker-dealer providing commission, fee-based, and insurance services to its experienced advisors and clientele, many of whom are located in the Sacramento, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , and Northern California regions. About Advanced Equities Financial Corp.: Advanced Equities Financial Corp. is a leading provider of investment management, securities brokerage and venture capital investment banking services through its subsidiaries: Advanced Equities, Inc., First Allied Securities, Inc. and 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. Combined, the companies 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' independent financial consultants are some of the industry's most productive while its private client group focuses its services on meeting the specialized investment needs of the high net worth community. Advanced Equities, Inc. has established itself as the leader in providing 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 world'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] . |
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