MIAMI--(BUSINESS WIRE)--linkedFA (www.linkedfa.com), the first social networking site that enables financial professionals to leverage social media compliantly by addressing industry rules and regulations, announces a commitment from existing private investors for $3 million. Funds will be used to drive linkedFA’s global growth strategy, which includes site upgrades and enhancements, integration and sharing of tier-one content, partnerships and acquisitions.
linkedFA was established in February 2010 in anticipation of the shift in acceptance towards social media in the financial community. linkedFA is the only social networking website that is designed to adhere to the unique needs of the highly regulated financial community, and includes compliance features which address the regulatory concerns of the SEC, FINRA and FSA. Unlike mainstream networking sites, linkedFA enables financial advisors (FAs) to leverage social media compliantly by aggregating and storing all relative communication within the FA’s networks for more than 6 years.
Says linkedFA CEO, Jason Bishara, “Securing this round of financing signifies a major milestone for our company. The continued support of our existing investors is testimony to the market acceptance of our product and our ability to execute on our business plan. As a result, our service offering is evolving quickly based on feedback from our advisory panel of top-rated financial professionals. Standard social media practices for the masses do not necessarily work for the financial industry. linkedFA’s community is helping redefine what does work. This capital raise will enable us to release new enhancements and features quickly, as well as integrate and monetize new tier-one partnerships.”
Since January 2011, linkedFA has announced a number of business enhancements including site upgrades, executive appointments, acquisitions and premium content partnerships.
About linkedFA – www.linkedFA.com
linkedFA is a privately owned, independent company, founded in November 2008. It is the first social networking site designed for the financial community, evolving the way financial professionals and investors connect, inform and interact.