AdviserSource Acquires Advisory Equity

Los Angeles-based financial advisory consulting provider says it has acquired Advisory Equity, a developer of a financial marketplace app developer. Financial terms of the acquisition were not announced. According to AdviserSource, the deal was funded by additional growth capital provided by Fintech Fund II, LLLP. The company said the addition of Advisory Equity will will help AdviserSource improve the way financial advisors and institutions connect for M&A, succession, transition, recruiting, and funding opportunities. AdviserSource is led by President Phillip Chang. Fintech Fund II, LLLP is managed by Austin Capital General Partner, LLLP, which is based in Southern California.