GREENVILLE, S.C – September 19, 2023 – Broadstreet Global, a Greenville-based private equity firm, is proud to announce the execution of an agreement for the acquisition of a substantial interest in a broker-dealer related enterprise operating under the name of Phoenix Financial Services (“Phoenix”).
Phoenix, with offices located in the heart of New York City’s financial district as well as Ft. Lauderdale, Florida and Long Island, New York specializes in personalized investment services for both individuals and institutions, along with comprehensive wealth management and retirement planning solutions.
“We are enthusiastic about our new opportunity with Phoenix, as we believe our collaboration will propel its growth trajectory and enable us to continue our growth as a private equity and diversified business operations company,” said David Feingold, CEO of Broadstreet Global
This strategic acquisition marks the latest addition to Broadstreet Global’s dynamic list of businesses in which it participates. Broadstreet Global has become one of the largest private equity operations in the Carolinas by focusing on businesses that will help its expansion into a broad range of real estate, finance, insurance and related industry products.
Kevin Chen, CEO of Phoenix commented, “At Phoenix, our unwavering commitment has always been to provide exceptional service to our clients and help them achieve their financial goals. Broadstreet Global boasts an impressive track record of deals and we are pleased to be associated with such a fine institution. We are excited to entrust Broadstreet Global with guiding Phoenix Financial to new heights. Together, we will build upon our comprehensive financial services and embark on a journey of accelerated growth, harnessing Broadstreet Global’s assistance.”