LM Funding America Inc., offering specialized funding solutions for community associations, has named R. Dean Akers — a consultant to the company since 2009 — as its first COO, the firm announced from its Tampa hub recently.
With several leadership positions already under his belt, Akers previously served with a medical device firm and a laser technology company. Additionally, he co-founded Adjunct CEO, a unique coaching enterprise catering to top-level executives — and with which LM Funding has worked closely.
“Dean’s expertise in marketing and operations, his in depth knowledge of our business, and his outstanding track record … represents a strong addition to our management team,” LM Funding’s CEO Bruce Rodgers said. “Akers will lead the scaling and marketing efforts for our aggressive national expansion plans, strategically deploying a portion of the capital we raised in our IPO.”
Akers earned a B.S. in advertising from the University of Florida and participates in the CEO Council and Board of Fellows at the University of Tampa Business School.
Established in 2008, LM Funding America funds nonprofit community associations across Illinois, Colorado and Washington State as well as in Florida. Its unique operating model involves investing in a portion of an association’s balances due, or rights, in delinquent account collections.
“We Buy Problems,” the company states on its website — meaning it will collect delinquent fees on the customer’s behalf.