Cantor Fitzgerald Investment Advisors (CFIA), a subsidiary of Cantor Fitzgerald, providing investment and advisory solutions to global investors, has acquired Flippin, Bruce & Porter, Inc. (FBP), a registered investment advisory firm.
The Lynchburg, Va.-based asset management platform will operate out of CFIA, with the same team that previously served at FBP, and the group will continue to be led by John Bruce, founder and portfolio manager of FBP, in his role as senior managing director of the newly formed Flippin, Bruce & Porter business of CFIA.
“Cantor Fitzgerald Asset Management continues to provide innovative solutions to the broker dealer and RIA community to help solve the challenges their clients face today. One of the biggest challenges facing individual investors is the ability to generate income,” said Michael Millard, Cantor Fitzgerald global head of asset management. “Flippin, Bruce & Porter’s experience and investment strategies are
