TOP NEWS Buys MyNewFinancialAdvisor, Launches New Service

Santa Monica-based crowdfunding site InvestedIn is announcing this morning that it has acquired Santa Barbara-based MyNewFinancialAdvisor, and is launching a new, invite-only site for premium investment opportunities. Financial terms of the buy were not disclosed. The new service, InvestedIn Alpha, is aimed at connecting alternative investment firms to accredited investors. The new site is launching today. InvestedIn said its new site has more than 70,000 accredited investors, and is looking to help hedge funds and fund-of-fund managers and firms, to connect investors, financial advisors and wealth managers directly with general partners at funds.