As social media continues to grow in importance in the advisor community, linkedFA, a social media site for financial professionals announced on Tuesday it completed an acquisition of AdvisorConnect, an online networking community for independent financial advisors.

By combining linkedFA’s growing community with AdvisorConnect’s technology, management and membership base of financial advisors, the acquisition offers significant value, linkedFA said in a statement. 

Since beta launch in March 2010, linkedFA has grown to over 5,000 international members comprising financial advisors, registered representatives, registered investment advisors, insurance advisors and CPAs.“As early adopters in this industry, we are excited to integrate [AdvisorConnect’s] ideas, practices and members, and to collaborate on new ways for financial professionals to utilize the site to help meet their professional goals,” said linkedFA CEO, Jason Bishara, in a statement. “Insight from the highly experienced AdvisorConnect team will enable us to more rapidly enhance our product and add features that will benefit all of our users.”