SOURCE: MyNewFinancialAdvisor, Inc.
September 11, 2013 09:00 ET
MyNewFinancialAdvisor.com Crowdfunds to$1.5 Million Series A Round
SANTA BARBARA, CA--(Marketwired - September 11, 2013) -
Series A round was oversubscribed by accredited investors viacrowdfunding
Industry dominant community of 75,000+ accredited investors andtheir financial advisorsMyNewFinancialAdvisor, Inc. (MNFA), the nation's largest on-linenetwork introducing mass affluent Baby Boomers to financial advisors,completed its Series A financing for $1.5 million via crowdfunding. Theround was significantly over-subscribed."This was a pleasant surprise for us and we are very excited about theopportunity that this raise represents on several fronts. It validated our business model in terms of the extraordinary demand it received, and italso validated our growing universe of accredited investors," said Frank Troise, MNFA Founder. "Accredited investors are clearly looking for additional return (alpha) in their portfolios."For its Series A, MNFA conducted an extensive due diligence onexisting crowdfunding platforms and decided to use a private secure portal. This allowed MNFA to control the information presented to any