Ceros Financial Services is partnering with Forte Capital Group, a financial advisory firm based in New York City with approximately $1 billion in client assets and 45 registered representatives and its affiliate, Innovation X Advisors, a leading late stage venture capital firm.
The Innovation X family of funds have over $2 billion of capital commitments and have realised many successful exits including Airbnb, Spotify, Uber, Palantir and Pinterest. Terms of the transaction were not disclosed.
Mark Goldwasser, CEO of Ceros Financial Services, acquired the business in 2019 with partners Chris Dewey and David Brown. Ceros Capital Markets, the firm’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. Ceros completed $117 million in transactions in the medtech sector in 2021 and $145 million since 2020.
Advisors Preferred, the firm’s mutual fund platform based in Rockville, Maryland, is a boutique asset manager that manages and distributes mutual funds to financial advisors and financial professionals.
