New York-listed National Financial Partners has acquired Elmsford, NY-based Fusion Advisor Network, a provider of practice management and business consulting to independent financial advisors.

Fusion, which has over 240 advisors, will be integrated into the NFP advisor services group to further the integration of service and technology into a platform for independent financial advisors. Stuart Silverman, who will remain as chairman emeritus, founded the firm in 2003.

According to a statement, the firm has “always leveraged” NFP advisor services group as its sole provider of broker/dealer and RIA solutions.

“NFP's revenue will not be impacted by this acquisition because revenue generated by Fusion advisors has historically been included in NFP advisor services group's revenue,” the firm said.

Come 2013 - the first full-year of operations post-transaction - the firm expects NFP advisor services group's adjusted EBITDA margins to have improved by between 75 and 100 basis points.

NFP provides advisory and brokerage services to firms and high net worth individuals. It operates in three segments: the corporate client group, the individual client group and the advisor services group.