FinovateSpring 2013 / Finect
Presenter Profile:
How they describe themselves: Finect is the online network for the financial industry. It enables financial advisors, asset managers, investors and others to use social media and overcome the obstacles — especially industry regulations — that have held them back from communicating in today’s world.
How they describe their product/innovation: The first social network focused solely on the needs of the industry features: Professional Verification – the only network to check credentials and raise the quality of the network, Groups – the ability to create public or private groups to update customers or employees instantly or build brand and awareness with prospective clients, One-Stop Social Communications – Post once and share content with many (LinkedIn, Twitter), Social Products – Investment products that can now be followed for real-time alerts and community opinions, Compliance – Full permissions, content controls, archiving, and reporting for compliance officer and marketers to remain SEC/FINRA compliant.
Contacts:
Bus. Dev.: Jennifer Openshaw, President, jennifer@finect.com, 310-980-9252
Press: Courtney Bosch, Director of Public Outreach & Social Media, courtney.bosch@finect.com, 914-760-4873
Sales: Sherry Chen, Marketing Manager, sherry.chen@finect.com
Website: finect.com
Twitter: @finectcom
HQ Location: New York, NY
Founded: 2012
Product Demoed: Finect
Product Launch: May 2013
- Key Executives
Nicolás Oriol (CEO & Founder), Jennifer Openshaw (President & Columnist, WSJ’s MarketWatch), Josh Grotstein (COO), Jaime Muñoz Padellano (CTO)
Key Stats
- Key Board Members
Bob Herrmann (CEO, Discovery Data), Stuart Fross (US Securities Counsel, Former General Counsel, Fidelity International & Partner, K&L Gates), Theresa Hamacher (President, National Investment Company Service Association – NICSA), Denmark West (Ex-EVP, MTV Digital), John Morris (Partner, Snowden Advisors & Ex-Head, Private Client International, Merrill Lynch)
- Key Investors
Santiago Satrústegui (Founding Partner, Abante Financial Advisors & Former Managing Director, Morgan Stanley), Carlos Muños Rojas (CEO, Edificios Fuentemar), Juan Urrutia (Board Member Vocento & El Correo, both in the media sector)
- Key Partnerships
Discovery Data – Integration to over 300,000 financial professionals for credentialing and membership; Snowden Advisors; Thomson Reuters
- Key Customers
Beta in Europe: Fidelity Spain, BBVA, Putnam, European Financial Planning Association. Beta in the US: NICSA (National Investment Company Services Association), advisors and managers such as Chilton Capital and Monetta Funds; Texas Tech’s Dept of Personal Financial Planning.