Ceros completes acquisition of RFS

BOSTON, Massachusetts, and ROCKVILLE, Maryland, September 2, 2009 – Ceros Financial Services, Inc. announced today that it had completed its acquisition of RFS, a division of Rydex Distributors, Inc., which provides brokerage and custody services to fee-based and hybrid investment advisors.  This acquisition is a very exciting opportunity for us.  It hastens our growth in the U.S. and establishes us in the business of servicing the growing independent registered investment advisor market, with a group that has earned the respect of the advisor community,” noted Ceros group chairman Markus Ross from his offices in Frankfurt, Germany.  “We are looking forward to building on this strong base of providing advisors the services they need to grow their practices.”

Mark Hausman, president of Ceros Financial Services, Inc., located in Boston, said RFS has developed tremendous relationships with the advisors that it serves.  “From the beginning, we were impressed with the way that RFS has partnered with their advisor clientele, listened to their needs and rolled out a very comprehensive platform offering many value-add services.  We are now well-positioned to expand to help advisory practices become more efficient.”

About the Ceros group

Ceros Financial Services, Inc., a registered broker-dealer, member FINRA/SIPC, was established in Boston, Massachusetts in 1994.  It is part of the Ceros group, which maintains presences in Frankfurt, Munich, and Limburg, Germany; Lucerne, Switzerland; and Istanbul, Turkey, from which it offers brokerage and custody, investment management and mutual fund distribution. It is the largest independent U.S. brokerage firm in Germany.  Ceros can be found at ceros.de and cerosfs.com.

For further information, contact Mark Hausman, (866) 842-3356, mh@ceros.de or Catherine Ayers-Rigsby (866) 842-3356, cayers-rigsby@cerosfs.com.

Ceros Financial Services, Inc is your full-service brokerage platform for investment management firms. With Ceros you receive advisor-centric positioning, a consultative approach, securities products and full-service trading—with direct access to trade stocks, bonds, options, ETFs, futures, equity, commodities and futures trading. We can help you grow your business by attracting new clients and additional assets through a broad array of products and services, always delivering a level of support and attention to detail we believe is unsurpassed—and truly transforming.