This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

NFP Announces Acquisition Of Fusion Advisor Network

NEW YORK, July 12, 2012 /PRNewswire/ -- National Financial Partners Corp. (NYSE: NFP), a leading provider of benefits, insurance and wealth management services, today announced that it has acquired Fusion Advisor Network ("Fusion"), a leading provider of practice management and business consulting to independent financial advisors.  Fusion will be integrated into the NFP Advisor Services Group helping to further the integration of service and technology into a premier platform that delivers a custom experience for independent financial advisors. The transaction is effective as of July 2, 2012.

(Logo: )

Founded in 2003 by Stuart Silverman, Fusion has a proven track record of helping independent financial advisors build profitable, resilient practices and has always leveraged NFP Advisor Services Group as its sole provider of broker-dealer and registered investment advisor (RIA) solutions.  Fusion, located in Elmsford, NY, represents a national network including more than 240 highly productive advisors.  Mr. Silverman will remain with Fusion as Chairman Emeritus.

Fusion advisors generated more than $60 million in revenue during 2011, the majority of which was recurring revenue.  NFP's revenue will not be impacted by this acquisition because revenue generated by Fusion advisors has historically been included in NFP Advisor Services Group's revenue.  In 2013, the first full year of operations post-transaction, it is expected that NFP Advisor Services Group's Adjusted EBITDA margins will improve in  the range of 75 to 100 basis points from this acquisition.

Commenting on today's announcement, Jessica M. Bibliowicz, chairman and chief executive officer said, "We are thrilled to have the unique opportunity to acquire the business that Stuart has built, with the support of NFP, over the past nine years.  This transaction enhances our recruiting and retention initiatives by empowering us to provide a more robust offering to advisors, while also creating margin improvement opportunities for NFP."

Also commenting, James L. Poer, President, NFP Advisor Services Group said, "The acquisition of Fusion further strengthens NFP Advisor Services Group's position as a leader in providing independent broker-dealer and RIA services.  The integration of Fusion's customized expertise in business management and marketing services into our leading offering of service and technology culminates into the ideal destination for high-end advisors."

Mr. Silverman commented, "NFP Advisor Services Group has continuously been a significant partner, instrumental in the success of Fusion Advisor Network.  Coming together with NFP will provide advanced systems, enhanced business development and growth opportunities and will further elevate the value proposition for our accomplished independent financial advisors.  I look forward to working with NFP to ensure that this integration is a complete success."  

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.03 -2.90%
FB $116.73 7.20%
GOOG $691.02 -2.10%
TSLA $247.54 -1.60%
YHOO $36.59 -0.97%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs