Led · Seed · Jul 2020

FLX Networks operates a technology platform that centralizes engagement for asset and wealth management firms and financial advisors. Its community provides thought leadership, investment ideas, business resources, and industry connectivity in one destination, aiming to deliver productivity, savings, and growth. The company reports it has achieved over $1 billion in investment product sales, saved member asset managers more than $10 million in discretionary costs, and surpassed 1,000 in overall industry membership. Led by founder and CEO Brian Moran, FLX will celebrate its third anniversary in December. The company intends to use new capital to scale its technology platform and expand its team. Planned allocations include technology builds and hiring additional personnel to continue momentum. FLX Distribution operates a member-structured marketplace that connects asset management firms with independent distribution professionals, providing access, education and data to support financial services distribution. The company was launched in 2019 by CEO Brian Moran and is based in Basking Ridge, New Jersey. Its core product is a professional network technology platform designed to enable comprehensive asset management distribution solutions. FLX plans to use new capital for technology development, product launches and general corporate purposes. The company has begun formalizing governance and expertise with two initial board members and an addition to its advisory board. No operating metrics were disclosed in the article.