SAN FRANCISCO - October 8, 2013 - Merriman Capital, Inc. ("Merriman"), a wholly owned subsidiary of Merriman Holdings, Inc. (MERR), announced a relationship with Saxon Securities to distribute their separately managed account ("SMA") CD product.
Under this relationship, Saxon will offer brokered CDs through SMAs on an open custodial platform. The Saxon platform is designed to systematize the sourcing, screening and purchasing of CDs to meet the individual needs of their clients.
Ned Lucia, CEO of Saxon Securities stated, "We are pleased to be working with Merriman. Their team has extensive contacts in the family office, corporate and trading aggregator space."
Jon Merriman, CEO of Merriman Holdings, commented, "Our recently launched wealth management business and growing network of FEP bankers and salespeople are looking for high quality, yield advantaged products for their corporate, family office and hedge fund clients. Post our transition over the past year we are focused on providing a broader array of products for our network in order to grow our recurring revenues. We are excited to be working with Saxon on this specialized product to help in this low yield environment."
About Saxon Securities
Saxon Securities is a Registered Investment Advisor, focused on providing cash management solutions to institutions seeking capital preservation. We serve our clients by building institutional-size portfolios of FDIC-insured brokered certificates of deposit ("CDs"). Each portfolio is insured by the FDIC.
Portfolio construction relies on technology to ensure that no client investment exceeds the FDIC insurance limit. We tailor to each client`s investment needs by using separately managed accounts held at the client`s existing custodian.
About Merriman Capital, Inc.
Merriman Capital, Inc. is a corporate advisory focused registered investment bank that provides equity and options execution services and differentiated research for high growth companies. The firm also provides capital formation, advisory, and M&A services. Merriman Capital, Inc. is a wholly owned subsidiary of Merriman Holdings, Inc. and is the leading investment banking firm for unique high-growth 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 any entity. 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, 2013 and the Form 10-Q filed on August 14, 2013. 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, 2013 and the Form 10-Q filed on August 14, 2013, together with this press release and the financial information contained herein, are available on our website, www.merrimanco.com. Please click on "Investor Relations."
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Chief Operating Officer
Merriman Capital, Inc.
Chief Compliance Officer
Merriman Capital, Inc.
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Source: Merriman Holdings Inc. via Thomson Reuters ONE
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