InspereX Holdings to Acquire Financial Northeastern Securities

Leading Underwriter and Distributor of Brokered CDs Accelerates Growth of InspereX’s Fixed Income Platform, Team, and Expertise

DELRAY BEACH, Fla.--(BUSINESS WIRE)--InspereX Holdings LLC, owner of InspereX, the tech-driven distributor of fixed income, structured products, exchange-traded funds (ETFs), and alternative investments, today announced it is acquiring Financial Northeastern Securities (“Financial Northeastern”). Terms were not disclosed.

Founded in 1984 by Steven Zage and Jeffrey Zage, Financial Northeastern underwrites and distributes a wide range of fixed income solutions. The firm has underwritten and distributed more than $186 billion in brokered Certificates of Deposits (CDs) and Credit Union Share Certificates since 2010.

Financial Northeastern has deep, long-standing relationships with a broad institutional client base that includes more than 3,000 credit unions, 2,000 banks, and 500+ broker-dealers nationwide. Its team of 39 professionals is focused on delivering end-to-end service. The firm is headquartered in Fairfield, NJ, with additional offices in Dublin, OH, and Van Alstyne, TX. Steven Zage and Jeffrey Zage will continue with the firm in ongoing leadership roles, managing client relationships and helping drive the business forward while reporting to Scott Mitchell, Chief Executive Officer of InspereX.

“We are excited to welcome the Financial Northeastern team to InspereX,” Mitchell said. “This combination brings together complementary capabilities, experienced talent, and a shared culture of client-first decision-making. Together, we will be positioned to accelerate growth by providing clients access to a broader set of investment solutions, deeper liquidity, and complementary trading and technology resources.

“Our shared business approach and our complementary products and teams make this a win/win for everyone, especially our clients,” said Financial Northeastern co-founder and CEO Jeffrey Zage. “For more than four decades, Financial Northeastern has been built on long-standing relationships and a deep respect for the institutions we serve. As we look to the future, this combination with InspereX allows us to preserve that legacy while ensuring our clients and employees are supported by a firm with the scale, resources, and shared values to carry it forward.”

“We have great respect for what Steven and Jeffrey have built,” Mitchell added. “They have built a firm with a strong, trusted reputation, and we look forward to working closely with them and their team.”

InspereX has been an underwriter and distributor of fixed income solutions since its co-founding by Chairman Tom Ricketts in 1999. The firm pioneered retail access to fixed income markets with the launch of its InterNotes^® corporate note program in 2000. Today, the firm has grown to include more than 190 professionals and six trading desks offering a diversified set of investment solutions. With the firm’s technology portal Aria, advisors can access, evaluate, implement, and monitor fixed income, structured products, and alternative investments. InspereX has underwritten and distributed more than $850 billion in new issue securities.

For a period of time, InspereX LLC (“InspereX”) and Financial Northeastern will operate independently under InspereX Holdings LLC; they will be combined pending regulatory approval.

About Financial Northeastern Securities

Financial Northeastern Securities is a fixed income underwriter and distributor serving institutional investors, banks, and credit unions nationwide. Founded in 1984 and headquartered in Fairfield, New Jersey, the firm is a full‑service broker‑dealer and a long‑standing participant in the brokered Certificates of Deposit (brokered CDs) market. Since 2010, Financial Northeastern has underwritten and distributed more than $186 billion in brokered CDs and Credit Union Share Certificates, in addition to other fixed income securities. The firm serves a broad institutional client base and operates additional offices in Dublin, Ohio, and Van Alstyne, Texas.

About InspereX

InspereX pioneered the delivery of innovative strategies to the retail market and has since become an industry leader in underwriting, marketing, and distributing structured products, ETFs, alternative investments, and new‑issue and secondary fixed income securities. We provide issuers with differentiated distribution capabilities while supporting investors and advisors with unique solutions, all delivered through personalized service enhanced by technology that integrates market intelligence and streamlines workflows. InspereX represents more than 500 issuing entities, distributes to more than 1,500 partners, and has distributed more than $850 billion in new issue securities. The firm has six trading desks and more than 190 employees with offices in Delray Beach, FL; Chicago, IL; New York, NY; and Little Rock, AR.

© 2026 InspereX®. All rights reserved. Securities offered through InspereX LLC and Financial Northeastern Securities, LLC, each a member of FINRA/SIPC. InspereX LLC and Financial Northeastern Securities, LLC are affiliated entities and are owned by InspereX Holdings LLC.