InteractiveFunds.com of Dallas, the one-year-old financial services technology company and iExchange.com of Pasadena, Calif., the online investor community, have announced they will merge. The new company will be based in Dallas and will be called iExchange.com. Terms of the merger were not disclosed.
The venture's first new products, to be introduced after the beginning of the year, will be three no-load mutual funds designed for online investors. Each of the funds will carry the iExchange name and will be managed by InteractiveFunds Investment Advisory Services, a newly-registered investment advisory firm in Dallas. The fund adviser expects to eventually allow its investor to make stock recommendations to the fund's investment managers.