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"iFunds provides digital access to an ecosystem of the same proprietary suite of leading-edge alternatives managers and pre-IPOs that we source for our most sophisticated institutional clientele. Through this simple-to-use, mobile responsive and intuitive platform, investment advisors are now provided with investible solutions offered in smaller increments coupled with a compelling fee structure," said Michael Ricciardi, CEO and Co-Founder. "In our effort the ideal person for this leadership role there were none as uniquely qualified as Donal due to his extensive experience working with asset managers, allocators and investors. We're confident that his passion for the business and collaborative work ethic will significantly expand the reach of the iFunds platform."

Prior to joining Mercury, Donal was a Director at Guggenheim Partners covering middle market consultants, multi-family offices, RIAs and bank trust clients. He was responsible for private funds, separately managed accounts as well as public fund distribution and service across all clientele. Previously, Donal was the Founding Principal at NorthRoad Capital Management, an international equity manager, and was the National Sales Manager at Lazard Asset Management. Donal has a B.A. from Hamilton College and is a Certified Investment Management Analyst.

"I look forward to leading the distribution team and growing the adoption of the iFunds platform. As an innovative digital solution, iFunds is well-positioned to disrupt the wealth management industry and to simplify access to leading edge investment opportunities" said Donal Mastrangelo.

In addition to Donal Mastrangelo, Mercury has appointed Tyler DeCotis and Tristan Sperry as analysts in the iFunds distribution team. Tyler previously worked for Eaton Vance Investment Managers as an internal business developer covering the major wirehouse firms, and Tristan's prior role was as a business developer for W.P. Carey's retail fundraising arm specializing in non-traded and private alternative investments. The appointment of these three individuals is a major step forward in Mercury Capital Advisors' objective to develop their digital service, and will increase iFunds' penetration nationally.

Earlier this year the firm opened an office in Palm Beach, Florida, led by Robert Silvani, Executive Director, iFunds Distribution. Mercury's New York headquarters has also seen headcount grow this year, and further plans for expansion throughout major U.S. wealth hubs are scheduled for Q4 2017 and into 2018.