FON Financial has acquired an equity stake in Entoro Capital, which allows the company to offer a range of placement and capital raising solutions to issuers interested in reaching family offices for funding, the company said on Oct. 4. Entoro's broker-dealer services, combined with FON's strong distribution, will provide issuers and family offices access to seamless transaction execution, according a FON Financial press release. The partnership leverages the capabilities of both Entoro and FON to provide quality investment offerings for family offices in the alternatives space in new and emerging industries.
The relationships and reach that FON delivers, combined with the capabilities of an established investment bank and broker-dealer, will deliver enhanced productivity and efficiency to Entoro's offerings, the release said. As a regulated broker-dealer, Entoro will advise and assist with structuring and FON will assist in marketing offerings to the members of the organization. FON's member base spans 11 countries in 35 cities, over 15,000 family offices, and a total of 200,000 members.
Entoro's Managing Partner James C. Row, CFA said, "Entoro is proud to work with FON to provide comprehensive solutions in alternative investments. This is an opportunity for our companies to work with our clients in realizing significant value creation through an integrated and collaborative team effort. This new partnership is the start of another chapter, where we continue to grow in order to meet and exceed the needs of our clients and the demands of the market."
Andrew Schneider, CEO of FON, added, "We are excited to partner with Entoro on this journey together. We look forward to combining our expert teams to make investing and social impact more accessible."
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