| SAN FRANCISCO, February 4, 2013-- Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (OTCQX: MERR), today announced the addition of Resource Select Marketplace, LLC.("RSM") to its Financial Entrepreneur Platform ("FEP"). Through the FEP platform, Merriman contractually provides financial entrepreneurs with professional services, such as compliance and security licensing, facilities, legal services, product distribution and technology infrastructure to help them grow their businesses.|
Bob Ward, CEO of RSM (formerly Chief Operating Officer of SunGard`s Wealth Management Group) commented, "We assessed the various solutions provided by a variety of broker dealers when we started RSM. Merriman Capital came highly recommended to assist us with our current transactions and the growth of our business at RSM. In response to institutional investors` increased demand for alternative assets, RSM has launched an innovative portal which provides investors with access to yield-generating energy based hard assets while providing unprecedented control over their investments. To that end, we needed a partner that is customer focused, compliant and has a broad array of services."
"It is terrific to be working with Bob and his team based out of Boston on this new concept," said Will Febbo, Chief Operating Officer at Merriman Capital. "We have known members of the RSM team for over 10 years through different business entities and are excited to add their depth of expertise and creativity to our platform. We are now working with eight groups across the country with expertise in the verticals of technology, resources, life sciences, real estate, consumer and social media. We are very excited about FEP, the solution it offers to financial professionals and its prospects for our business."
About Resource Select Marketplace, LLC
Resource Select Marketplace ("RSM") is an innovative on-line trading platform that directly matches cash-producing hard asset alternative investments and institutional investors. RSM provides asset sponsors with reliable, accelerated access to capital, and offers investors screened investments where they control participation, amount, diversification and liquidity decisions, all at a lower cost than existing platforms. RSM aggregates all the required investor due diligence into an on-line "virtual data room" and provides performance updates through its investor portal.
About Merriman Capital, Inc.
Merriman Capital, Inc. is an investment banking firm providing equity and options execution services, market making, and differentiated research for high growth companies. The firm also provides capital raising, advisory, and M&A services. Merriman Capital, Inc. is a wholly owned subsidiary of Merriman Holdings, Inc. (OTCQX: MERR) and is the leading investment banking firm for OTCQX companies. For more information, please go to http://www.merrimanco.com/.
Merriman Capital, Inc. is a registered broker-dealer and member of The Financial Industry Regulatory Authority (FINRA) http://www.finra.org/ and the Securities Investor Protection Corporation (SIPC) http://www.sipc.org/.
Note to Investors
This press release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of the Company. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K/A filed on April 30, 2012 and the form 10-Q filed on November 14, 2012. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. The Form 10-K/A filed on April 30, 2012and the form 10-Q filed on November 14, 2012, together with this press release and the financial information contained herein, are available on our website, www.merrimanco.com. Please click on "Investor Relations."
At the Company:
Chief Operating Officer
At Resource Select Marketplace, LLC:
Chief Executive Officer
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Source: Merriman Holdings Inc. via Thomson Reuters ONE