DALLAS, Nov. 14, 2017 (GLOBE NEWSWIRE) -- Fusion Capital Management (Fusion), a technology and turn-key asset management platform headquartered in Dallas, TX, today announced that three former TD Ameritrade senior executives have invested in Fusion and have successfully completed a recapitalization plan, providing Fusion with significant liquidity and operational flexibility to further execute growth opportunities. Financial terms of the transaction were not disclosed. Investor Bryce Engel will become Fusion’s new CEO, managing day-to-day operations. Investors Asiff Hirji and Wayne Ferbert will serve on Fusion’s Advisory Board.
Fusion’s new CEO Bryce Engel is a former Senior Vice President and Chief Brokerage Officer at TD Ameritrade and the former President & COO of Penson Financial Services. Fusion Advisory Board Member Asiff Hirji filled several TD Ameritrade executive positions, first as CIO, then COO, and then President. Most recently, Hirji was the Chief Restructuring Officer at Hewlett-Packard. He currently serves as an Operating Advisor with Andreessen Horowitz, a Senior Advisor with Bain Capital, and an Operating Partner with Advent International. Fusion Advisory Board Member Wayne Ferbert is the former Head of Business Development at TD Ameritrade, Co-founder of Zega Financial, and Founder of Alpha DNA Investment Management.
Based in Dallas, TX, Fusion Capital Management was founded in 2011 and has expanded, principally through organic growth, increasing its assets under advisement from $200 million in January 2015 to over $800 million today. Fusion empowers financial advisors to build their businesses in their own uniquely successful ways, providing a proprietary technology platform and solutions that offer mid-to-back office support. Fusion Capital Management’s next generation, proprietary technology platform, Fusion Elements, will publicly launch in the first quarter of 2018.
Ryan Borer, President of Fusion, said, “The significant growth and success we have already achieved is a testament to the hard work of the Fusion team and the continued support of our advisor clients. We have helped our existing clients grow their practices with us year over year and been honored by their trusted referrals. We are thrilled to continue carrying this momentum forward under our new leadership. Wayne, Asiff, and Bryce bring to Fusion years of experience that will push us to new heights.”
Bryce Engel, investor and new CEO of Fusion, added, “Fusion has an outstanding track record and amazing potential as evidenced by their holistic growth. We believe this space is the next growth area, offering a true turn-key, technology-driven asset management platform. I am thrilled and excited to be part of the Fusion team as we continue accelerating forward.”
About Fusion Capital Management
Founded in 2011, Fusion Capital Management is a technology and turn-key asset management platform headquartered in Dallas, TX. Fusion serves over 375 financial advisors and 2,500 agents nationwide, providing a proprietary technology platform and solutions that offer mid-to-back office support To learn more about Fusion, please visit www.FusionCM.com. For more information please see our Form ADV at https://www.adviserinfo.sec.gov/IAPD/default.aspx.
Source:Fusion Capital Management