Cantor Fitzgerald Financial investment Advisors Acquires the Small business of Flippin, Bruce & Porter
3 min readNEW YORK, June 8, 2021 /PRNewswire/ — Cantor Fitzgerald Investment Advisors, L.P., a subsidiary of Cantor Fitzgerald, L.P. supplying financial commitment and advisory answers to global buyers (“CFIA”), these days declared the acquisition of the asset administration company of Flippin, Bruce & Porter, Inc. (“FBP”) a registered financial investment advisory agency with a strong track history in the business.
The Lynchburg, Virginia based asset administration system will work out of CFIA, with the same group that previously served at FBP, and will continue to be led by John Bruce, Founder & Portfolio Manager of FBP, in his role as Senior Taking care of Director of the recently shaped Flippin, Bruce & Porter company of CFIA.
“Cantor Fitzgerald Asset Administration proceeds to supply impressive alternatives to the Broker Vendor and RIA community to assistance solve the issues their clients encounter today. 1 of the biggest problems struggling with unique investors is the ability to produce cash flow,” stated Michael Millard, Cantor Fitzgerald Global Head of Asset Administration. “Flippin, Bruce & Porter’s practical experience and expense strategies are specifically designed to handle this challenge.”
“We are enthusiastic to be becoming a member of Cantor Fitzgerald’s international model and use CFIA’s considerable encounter working thriving cash administration firms by tapping into their distribution system,” additional John Bruce, Founder & Portfolio Supervisor, Flippin, Bruce & Porter. “As we continued to assume about enlargement and how to give our customers, workers, and our administration teams the finest methods attainable, this was a conclusion FBP will enormously advantage from.”
Started in 1985, Flippin, Bruce & Porter has proven by itself as a trusted spouse to its consumers, fiscal advisers, and expenditure administration consultants. FBP specializes in taking care of equity-oriented portfolios which deliver attractive money by means of a mixture of above regular dividends and then boosting that earnings by opportunistically providing lined get in touch with selections.
About Cantor Fitzgerald
Cantor Fitzgerald, with more than 12,000 staff members, is a primary global fiscal companies group at the forefront of financial and technological innovation and has been a confirmed and resilient leader for in excess of 75 many years. Cantor Fitzgerald & Co. is a preeminent investment lender serving extra than 5,000 institutional clients about the globe, identified for its strengths in mounted income and equity money marketplaces, investment banking, SPAC underwriting and PIPE placements, prime brokerage, and industrial serious estate and for its global distribution system. Cantor Fitzgerald & Co. is 1 of the 24 principal sellers approved to transact business enterprise with the Federal Reserve Bank of New York. Cantor Fitzgerald is a foremost SPAC sponsor, possessing completed multiple preliminary community choices and announced many organization mixtures by way of its CF Acquisition system. For additional facts, remember to check out: www.cantor.com.
About Flippin, Bruce & Porter
FBP is a registered expense advisor primarily based in Lynchburg, Virginia. The agency specializes in massive cap, worth equity, equity earnings, and balanced portfolio administration solutions for institutional and high web worth men and women. Our investment workforce has an ordinary 39 decades of investment working experience. For far more facts about FBP, you should go to www.fbpinc.com.
Source Cantor Fitzgerald, L.P.
