2013-02-04 15:03:26 -
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
www.merrimanco.com/.
Merriman Capital, Inc. is a registered broker-dealer and member of The Financial
Industry Regulatory Authority (FINRA)
www.finra.org/ and the Securities
Investor Protection Corporation (SIPC)
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:
Michael Doran
General Counsel
(415) 568-3905
Will Febbo
Chief Operating Officer
(415) 248-5603
At Resource Select Marketplace, LLC:
Robert Ward
Chief Executive Officer
(617) 272-1407
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Merriman Holdings Inc. via Thomson Reuters ONE
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