Mason Salit, Director of Network Development, Eastern Division
Learn more view bioProcyon Partners
Member of the Dynasty Network since 2017
April 11, 2018
Dynasty Boss Slams Wirehouses for Leading by Fear
Financial Advisor IQ
Lambasting wirehouses for reneging on the Protocol for Broker Recruiting, Dynasty Financial Partners’ CEO thinks the fear caused by these exits is a recruitment opportunity for independent players. Morgan Stanley was the first wirehouse to withdraw from the broker protocol in November, followed by UBS in December. The latest and 45th firm to join Dynasty’s RIA network in June last year was Procyon Pa [...]
April 09, 2018
What Advisors Think About the Broker Protocol
Think Advisor
Fidelity recently surveyed a group of financial advisors across different segments of the business about the impact of major firms leaving the Protocol for Broker Recruiting. “We’re now four months past the initial news — and Fidelity has some data indicating how advisors are feeling,” said David Canter, executive vice president and head of the Registered Investment Advisor Segment for Fidelity Clearing & [...]
April 09, 2018
Fifth generation rides Edwards brands toward RIA market
Investment News
Ten years after launching his own brokerage business and riding the breakaway broker wave to more than $23 billion under management, Benjamin F. "Tad" Edwards IV sees a fresh opportunity in the registered investment adviser channel. Mr. Edwards makes it clear that the St. Louis-based Benjamin F. Edwards & Co. is not abandoning its network of 251 brokers in 68 offices across 27 states, but h [...]
April 09, 2018
Outside of the Wires: An Opportunity to Diversify the Business
WealthManagement.com
By Austin Philbin Some advisors make the move to independence for the opportunity to become a true entrepreneur—for the freedom and flexibility to craft and mold a brand and a service offering for their clients. For others, it is the ability to act as a fiduciary to their clients. But there is a subset of advisors that use a new business model or service offering as a c [...]
April 09, 2018
5 big mistakes advisors make with the media
Financial Planning
When dealing with the media, there are five common mistakes that financial advisors tend to make. I should know. I’ve been helping advisors hone their discussions with reporters for 25 years and I’ve seen some doozies. Here is the best advice I can offer, whether you are speaking to the press for the first time, or have been doing it for years. 1. The message is too general or self-centered: Reporters like examples [...]
December 22, 2017
Breakaway Advisors Absolutely Love Their Independence
Financial Advisor IQ
It’s almost comical. One hundred percent of former wirehouse or regional-brokerage advisors in the independent RIA channel are happier for having made the move. That’s according to a blind survey of 450 FAs by Dynasty Financial Partners — a sponsor that, as an infrastructure provider to breakaway RIAs, has to be pleased with the result. [...]
December 21, 2017
WSJ Wealth Adviser Briefing: Taxes and Independence, Adviser Profile, Secrets Podcast
WSJ
The tax overhaul is likely to give brokers a new incentive to leave traditional Wall Street firms in favor of going independent and setting up their own shops, says Rudy Adolf, head of Focus Financial Partners, a firm that helps advisers make that transition. As employees of a firm, “advisers pay ordinary rates–t [...]
December 15, 2017
Behind Discount Brokers’ Boom: Advisers, Not Day Traders
The Wall Street Journal
Charles Schwab and TD Ameritrade rake in client assets, catering to wealth managers and reinvigorating their businesses [...]
December 13, 2017
Biggest recruiting moves in 2017
Financial Planning
It was a big year for recruiting moves. Nearly two dozen mega teams ― those managing $1 billion or more in client assets ― switched employers in 2017, according to hiring announcements. [...]
December 08, 2017
What advisers should consider before taking a capital infusion
Investment News
Many RIAs have access to external cash, but should be clear on how that money would be used and the motivations and time line of the investor [...]
December 06, 2017
'We got that one wrong': gatekeepers' highs and lows of 2017
CityWire
December 19, 2016
Shirl Penney Named To InvestmentNews Icons & Innovators
Investment News
Before founding Dynasty Financial Partners in 2010, president and CEO Shirl Penney spent 18 months doing a listening tour. [...]
December 14, 2016
PODCAST INTERVIEW WITH SHIRL PENNEY, CEO OF DYNASTY FINANCIAL PARTNERS
RIACast
On this episode, we gain insight into Dynasty Financial Partners through our conversation with its CEO and Co-Founder, Shirl Penney. [...]
November 23, 2016
Trump's Tax Plan Threatens to Soften SMA Sales Pitch
Fundfire
Lower tax rates for top earners could soon be a reality, with president-elect Donald Trumppoised to take on the presidency and Republicans controlling both houses of Congress. While welcome news for some wealthy investors, the prospect could prove a headwind for separately managed accounts (SMA) strategies focused on tax efficiency, industry sources say. [...]
November 16, 2016
Views From The Summit - 5 Key Themes From Dynasty's Annual Network Partners Meeting
Shirl Penney
The Summit reminds me every year just how exceptional the Dynasty Network is. The elite firms comprising the Network represent cutting-edge strategies, industry-leading innovation and world-class client service. It’s inspiring to spend time with these leaders, and it’s why the Summit is always the highlight of my year [...]
November 07, 2016
Get it right: Selling a practice
Financial Planning
Having worked with investment bankers, private-equity executives, and registered investment adviser buyers and sellers over the past several years, I would like to share best practices for selling an RIA. These include how to position an RIA in advance of a sale, how to be an educated negotiator and how to command the best price. [...]
December 28, 2015
Breaking Free: 8 Best Practices for Advisors Seeking Independence
Financial Planning, Written by Shirl Penney
At Dynasty, our most successful transitions were executed with advisors who had done exhaustive due diligence before deciding to move to the independent space. The due diligence allows time to mentally prepare for the change, consider whether the move is right for you and your clients, plus give you new perspective on various options. We encourage advisors to look a [...]
December 24, 2015
INTERVIEW: Dynasty's Success Reflects The Breakaway Client - Not Just Advisor - Trend
Family Wealth Report
Family Wealth Report caught up with the chief executive at Dynasty Financial Partners about the firm's success and how this reflects the evolving wealth management landscape. Many positive developments led to an increase in US advisor headcount in 2014 – for the first time in nine years – by 1.1 per cent. There [...]
December 23, 2015
Coaching Helps Level the Playing Field for Wealth Managers
The Wall Street Journal
Even the smartest professionals can benefit from a fresh set of eyes looking at their business practices and strategies from time to time. In the wealth-management business, such guidance is now available from companies that provide investment products and account-custody services, as well as from newer firms that empower “breakaway” teams to leave their employers and build new [...]
December 21, 2015
Dynasty introduces portfolio manager service
PAM
Wealth management platform Dynasty Financial Partners has added a new financial data service to its offering after increasing demand from the ‘significant’ number of advisors taking on the dual role of portfolio manager for their clients. Under the agreement with Chicago-based data platform YCharts, Dynasty said it can now offer a service through its Dynasty Desktop channel allowing RIAs to function as portfolio [...]
December 21, 2015
Dynasty Financial Partners Expands its Innovative Dynasty Desktop by Partnering with YCharts
Business Wire
Dynasty Financial Partners and YCharts today announced that YCharts will now be an integrated offering through Dynasty’s proprietary advisor Desktop. [...]
October 03, 2014
Dynasty Financial Partners Deepens Bench Strength with the Addition of Two Executives: Kara Valentine Joins Firm as Director of Marketing; Janessa Biller Joins Firm as Vice President, Relationship Management
Ms. Valentine and Ms. Biller Bring [...]
April 16, 2014
Dynasty Financial Partners Welcomes Paul Metzger as Chief Technology Officer
Senior Technology Executive to Launch Dynasty Desktop New York, NY, April 16, 2014 – Dynasty Financial Partners today welcomes Paul Metzger as Chief Technology Officer (CTO) reporting to Dynasty Co-Founder & Chief Operating Officer Ed Swenson. Based in New York, Mr. Metzger’s responsibilities will include expanding and enhancing the [...]
January 22, 2014
Dynasty Financial Partners Expands its Industry-Leading Business Development Team by Adding Ron Sallet as Senior Vice President of Network Development
New York, NY, January 22, 2014 – Dynasty Financial Partners welcomes Ronald Sallet who joins the firm as Senior Vice President of Network Development rep [...]
December 19, 2013
Dynasty Financial Partners Expands: Moves to Larger NYC Headquarters, Adds Staff
Dynasty Financial Partners today announced the move to their new headquarters in New York City. As part of their expansion plans, the firm will now be located at the prestigious mid-town location of 1350 Avenue of Americas on the 32nd Floor overlooking Central Park South. “We designed our... [...]
December 03, 2013
Dynasty Financial Partners Welcomes Ed Friedman as Director of Strategic Relationships
New York, NY, December 3, 2013 – Dynasty Financial Partners today welcomes Ed Friedman as Director of Strategic Relationships reporting jointly to Shirl Penney, President and CEO, and Ed Swenson, Chief Operating Officer of Dynasty Financial Partners. Based in New York, Mr. Friedman’s responsibilities will incl [...]
September 28, 2013
Dynasty Financial Partners Expands Investment Platform with Significant Capital Markets Hire: Tom Petrone Joins the Firm as Director of Capital Markets
Dynasty Financial Partners today announced the addition of Tom Petrone as the Director of Capital Markets. Mr. Petrone will be based in New York City and [...]
July 03, 2013
Dynasty Financial Partners Launches Dynasty Insurance Services through a Strategic Partnership with PKS Financial Services (PKSF) and Ash Brokerage
Dynasty Financial Partners announced today that it has launched Dynasty Insurance Services through strategic partnerships with Ash Brokerage, PKS Financial Service [...]
December 17, 2012
Dynasty Financial Partners’ Network of 15 Advisor Firms Tops $13 Billion in Assets under Advisement on Two-Year Anniversary
Release: December 17, 2012 Contact: Sally Cates, Dynasty Public Relations, 212.373.1000, sallycates@dynastyfinancialpartners.com December 17, 2012. Dynasty Financial Partners celebrates its two-year anniversary this m [...]
September 12, 2012
Dynasty Financial Partners Names Jonathan R. Morris as Chief Legal & Governance Officer
Industry Veteran Brings Depth of Wealth Management Experience and Thought Leadership to Dynasty Dynasty Financial Partners today announced that Jonathan R. Morris has been named Chief Legal & Governance Officer and will be managing all of the legal and compliance issues at Dynasty. Mr. Morris will report directl [...]
July 24, 2012
Dynasty Financial Partners Welcomes John Sullivan as Senior Vice President, RIA & Transition Services
Dynasty Financial Partners today announced that it has hired John Sullivan as Senior Vice President, RIA & Transition Services. Mr. Sullivan will be based in Chicago and New York. As Senior Vice President, RIA Services, Mr. Sullivan’s responsibilities will include supporting [...]
November 21, 2017
Dynasty's Penney: Top RIA trends for 2018
What's next for RIAs? Dynasty's Shirl Penney talks about the growing numbers of entrepreneurial advisers. Plus, what inspired his own entrepreneurship. [...]
November 14, 2017
Our Story Of Independence. Concentus Wealth Advisors
"The first time I heard about the idea of being an RIA, it was really very early on in my career. I have always thought it was the best platform for really best serving the client." [...]
July 07, 2017
Secrets Behind Success: Breaking Away
- Jack Peterson, Network Partner and Managing Director of Summit Trail Advisors, talks about why he made the transition to the independent space. [...]
December 20, 2016
ICONS IN THEIR OWN WORDS …
Shirl joins an impressive group of Icons & Innovators in discussing their aha moments and what they led to. [...]
November 30, 2016
DOL Rule Pours Gas on RIA Movement Fire: Dynasty CEO
Hi, I'm Danielle Verbrigghe, reporter with Fundfire. I'm here today at the Schwab Impact Conference in San Diego with Shirl Penney, president and CEO of Dynasty Financial Partners. In the broker-dealer space, firms are facing a lot of change right now with the implementation of the DOL fiduciary rule, which is set to go into effect in April initially. How do you expect that to affect the RIA chann [...]
November 10, 2016
What to expect in Trump's first 100 days
Watch Former American Express CEO & Dynasty Director Harvey Golub Discuss Issues He Thinks Trump Should Address [...]
October 14, 2015
Get An Insider Look at Dynasty's Best-In-Class Transition and Ongoing Support Services
Get An Insider Look at Dynasty's Best-In-Class Transition and Ongoing Support Services [...]
August 18, 2014
The Relationship between UHNW Investors and RIAs – Video ACE
Peter Williams, CEO and founder of ACE, and Tom Petrone, director of capital markets at Dynasty Financial Partners, discuss why a high net worth investor would look to Registered Investor Advisors for help, how the process of accessing an RIA is different in the public versus private markets, and what challenges investors should be ready to face when it comes to direct pri [...]
October 14, 2013
Dynasty’s Michael Brown on Barron’s TV
Mike Brown discusses the impact of a Government Shutdown on the markets and the impact it will have both long and short term. [...]
July 08, 2013
Swenson: Breakaways not going away- Investment News
The Dynasty COO says the independent model is here to stay, thanks in no small part to the technology gains made by firms outside the wirehouse world. [...]
May 17, 2013
With Athletes’ Financial Downfall, What Are Advisors Doing Wrong? – Advisor TV
Austin Philbin, of Dynasty Financial Partners, talks about why athletes are often led astray when it comes to their finances and how advisors can do a better job working with them. [...]
July 13, 2011
Why Brokers Are Leaving Wire Houses
Gary Kaminsky, former Managing Director of Neuberger Berman, comments on the trend of financial advisors seeking to become independent. [...]
April 25, 2011
Better Off with a Small Investment House?
Former Citigroup CFO Todd Thomson reveals his thoughts on the equity, capital & bond markets ahead of the end of QE2. Plus, why he started Dynasty Financial and what separates his “small but mighty” strategy from the giants of asset management. [...]
April 12, 2018
Families Touched by Autism Turn to FAs With Special Needs Expertise
Financial Advisor IQ
Financial advisors who routinely help clients with autistic family members get to that specialization by different routes. But they agree on one thing: the care they’re forced to take in a realm fraught with practical and emotional difficulties is applicable to all clients — if not so obviously now, then at some point down the road. The intimation is that a [...]
April 11, 2018
On Working With Financial Executives
Wall Street Journal
His practice: Summit Trail Advisors has about 300 clients and $5 billion in assets under management. The average client portfolio size is around $25 million. Mr. Petersen specializes in working with the firm’s large segment of finance industry executives, including senior private-equity executives and hedge-fund managers. A blessing and curse… Mr. Petersen notes that financial executives are different from other ultra-high-net-wor [...]
April 10, 2018
Why This Multibillion-dollar Advisor Team Left UBS
Financial Advisor IQ
The former UBS advisor team that now makes up Procyon Partners is a testament to why top producers make the leap from wirehouse to independence, despite threats of legal retaliation. More than 10 months after the new firm was launched, and even with a case pending in arbitration, the team believes it made the right move. The five-person team decided to bolt from UBS because they were getting “incre [...]
April 09, 2018
Tales from the crypto: How advisers deal with clients crazy about cryptocurrency
Private Asset Management
Cryptocurrencies such as Bitcoin have captured the attention of many investors in the high-net-worth and family-office spaces. But this nascent asset is volatile, lacks regulations and the technology behind it can be difficult to understand and harder to explain. Given these factors, how can advisers properly serve their clients [...]
March 22, 2018
Work With Special-Needs Families Underscores the Value of Planning
Wall Street Journal
Charles Massimo is chief executive of CJM Wealth Management in Deer Park, N.Y. Voices is an occasional feature of edited excerpts in which wealth managers address issues of interest to the advisory community. As told to Alex Coppola. [...]
December 21, 2017
Bridging the Generation Gap: Engaging With Millennials
WSJ
David Storch is a financial adviser at Rose Capital Advisors in Miami Beach, Fla. Voices is an occasional feature of edited excerpts in which wealth managers address issues of interest to the advisory community. As told to Jacob Meade. [...]
November 07, 2017
FB ROUNDUP: PRE-NUPS, BILLIONAIRES, AND "SUDDEN WEALTH SYNDROME”
CampdenFB
Pre-nup popularity increasing to protect wealth [...]
November 02, 2017
Why Couples Should See a Financial Adviser Before They Get Married
The Wall Street Journal
People’s spending habits and other money issues are often overlooked in premarital planning [...]
October 26, 2017
Direct Lending Managers Face Rough Road Ahead
FundFire
Direct lending is still the hot ticket for private fund managers, dominating credit product launches and fundraising targets. But managers diving into the segment are likely to feel more pressure as competition heats up – making lending deals harder to find, loan terms looser, and expectations from experienced investors a greater hurdle, market observers say. [...]
September 13, 2017
Back to school means it's time to save
While it is arguably the best time to be on the east end of Long Island with the sun still shining brightly and the local farms bursting with their harvest, our attention begins to refocus away from the joys of a glorious summer. The traffic has given way to yellow school buses as our children return to their classrooms. This is the perfect reminder to parents about the need to plan for the costs of higher education. [...]
December 20, 2016
Renaissance Advisor Sees Commonality in His Diversity
Financial Advisor IQ
For a financial advisor at a small firm, David Steele gets a lot of press. [...]
December 20, 2016
The Ultimate Holiday Gift Guide For Clients
Financial Planning
Jonathan Blau of Fusion Family Wealth showcases his 2016 client holiday gift. [...]
December 13, 2016
From the expert: Spotting trends in Portland holiday charitable giving
Portland Biz Journal
From tapping IRA accounts to donating to under-funded schools, local wealth advisor Brett Davis takes note of some of the current trends in holiday giving. [...]
December 13, 2016
In season of giving, consider donor-advised funds
Central Penn Business Journal
At SevenBridge Financial Group, an independent financial advisory firm based in Harrisburg, we work with a number of high-net-worth clients in the community – both corporate clients and entrepreneurs. We also work with a number of privately held businesses. And because many business owners are asked to give, we assist with an overall gifting plan. [...]
December 12, 2016
Here are some tips when it comes to charitable giving: Special Holiday Column
PennLive
As Pennsylvania investors take stock in their overall financial picture at the end of the year, it is a great time to assess which charities they'd like to contribute to. You will need to determine the best ways to pay for these contributions while considering their tax and income benefits. [...]
December 14, 2015
Helping Clients Make the Most of Career Transitions
Financial Advisor IQ
So it’s likely financial advisors will find themselves with clients who are considering major career transitions. Such moves can have a significant impact on retirement planning, earnings and benefits. To help clients navigate zigs and zags in their career paths, advisors need to take a big picture view, and help their clients do so as well. [...]
November 30, 2015
Fort Worth, TX-Based Wealth Management Firm, Point Bridge Capital, Celebrates Two Year Anniversary, Moves to Larger Offices
Point Bridge Capital, headquartered in Fort Worth, Texas, announced today that it is celebrating its two year anniversary with a move to new larger office space at One City Place in Downtown Fort Worth. [...]
November 17, 2015
Financial Planning Firm, Sentinus, Doubles It's Team and Relocates Corporate headquarters To Oak Brook After 70 Years In Business
After nearly 70 years in business, Sentinus (formerly Reynolds Financial Group), an Illinois-based wealth management firm, announces its relocation from Joliet to Oak Brook to accommodate the company’s expo [...]
November 09, 2015
Leading $700 Million Denver, CO-Based Wealth Management Team, Cardan Capital Partners, Launches as an Independent Advisory Firm
Dynasty Financial Partners today announced its partnership with Cardan Capital Partners, the most recent independent advisory firm to leverage Dynasty Financial Partners’ industry-leading platform of integrated [...]
October 19, 2015
$1 Billion ex-Barclays Team Joins Start-Up Wealth Firm
Financial Advisor IQ
After seven years at Barclays in New York, advisor Jerry Lucas left Oct. 9 to join an independent RIA, Summit Trail Advisors. Joining him were three partners in a practice that managed $1 billion as part of the British bank’s U.S. wealth-management unit. [...]
October 21, 2014
Michelle Smith, CEO Of Source Financial Advisors, Launches Proprietary Coaching Program for Advisors: ‘Anatomy of a Specialist’
New Program Is Being Rolled Out Nationally at Financial Planning Magazine Women’s Advisor Forum in Chicago on October 21, 2014 New York, NY. October 21, 2014. Leading advisor and entrepreneur Michelle [...]
October 06, 2014
Leading Kansas City Team Partners with Dynasty Financial Partners To Launch NovaR Wealth Advisors
Dynasty Financial Partners today announced NovaR Wealth Advisors is the most recent independent investment advisory firm to leverage Dynasty Financial Partners’ industry-leading platform of integrated investment services and technology. Financial advisors Timothy Rodgers (Principal), K [...]
April 08, 2014
Archford Capital Strategies, Transforms ESOP Repurchase Obligations; Launches First FDIC-Insured Market Participation CD for ESOPs
Innovative ESOP Offering Required Official FDIC Ruling, Legal Opinion And Patent Filing Champaign, IL, April 7th 2013– Archford Capital Strategies, an independent wealth management firm based in St. Loui [...]
March 06, 2014
Leading Portland, OR-‐Based Wealth Management Advisors Join Forces to Launch Cable Hill Partners as an Independent Advisory Firm
Dynasty Financial Partners today announced its partnership with Cable Hill Partners, the most recent independent investment advisory firm to leverage Dynasty Financial Partners’ industry-‐leadin [...]
February 20, 2014
Leading Philadelphia-‐Based Wealth Management Team Launches Concentus Wealth Advisors as an Independent Advisory Firm
Multi-Generational Strid Family Has Deep Ties To Community NEW YORK, NY, February 20, 2014 – Dynasty Financial Partners today announced its partnership with Concentus Wealth Advisors, the most recent independent investment ad [...]
November 12, 2013
New York-‐Based $900 Million Wealth Management Team Launches Fusion Family Wealth as an Independent Investment Firm
New Firm is ‘Trusted Advisor to Trusted Advisors’ with Collaborative Relationships with Leading Accounting and Law Firms NEW YORK–(BUSINESS WIRE)– Dynasty Financial Partners today announced its partnership with Fusion Family [...]
November 04, 2013
Leading $1 Billion Texas-‐Based Wealth Management Team Launches Point Bridge Capital as an Independent Investment Management and Capital Advisory Firm
Firm with Extensive Expertise in Portfolio Management serves Institutions, Business Owners and High Net Worth Clients across Texas and the Southw [...]
October 28, 2013
OR-based TRUE Private Wealth Advisors Expands in the Pacific Northwest with Addition of Leading Advisory Team, The Opsahl Group
The Opsahl Group Joins TRUE in Portland, Continuing the Firm’s Rapid Growth in the Region SALEM, OR, October 28, 2013 – TRUE Private Wealth Advisors announced today that The Opsahl Group will join the firm. Ba [...]
April 02, 2013
Leading Regional St. Louis, MO-Based Wealth Management Firm, Archford Capital Strategies, Launches as an Independent Financial Advisory Practice
Firm Focuses on Closely Held Companies, Entrepreneurs, Executives and Family Wealth; Deep Expertise in ESOPs and Retirement Plans New York, NY (April 2, 2013) Dynasty Fi [...]
February 28, 2013
Octagon Financial Services, a Specialty Advisory Firm with a Focus on Professional Athletes, Aligns with Dynasty Financial Partners
One of the most recognized names in the financial arena among professional athletes, entertainers and celebrities, Octagon Financial Services (OFS), has become the most recent independent investment adv [...]
September 18, 2012
Bringing Back the Brand: Radnor Capital Management Reclaims its History and Launches as Independent Advisory Firm in Radnor, PA
Deep Expertise in Large Cap Value and Mid to Small Cap Socially Responsible Investing (New York., NY) September 18, 2012. Radnor Capital Management LLC has launched as the most recent independent investment adviso [...]
September 04, 2012
Two Leading Financial Advisor Teams in Oregon – Partners Brett Davis & Steve Altman and Partners Todd Gescher & Jason Herber – Combine to Form Independent Advisory Firm: True Private Wealth Advisors
Dynasty Financial Partners announce [...]
Dynasty on the Road - Washington D.C.
WHERE: Washington D.C.
WHEN: October 29th - October 30th
To learn more or register click here: https://dynastyroadshowdc.splashthat.com [...]
WHERE: Washington D.C.
WHEN: October 29th - October 30th
Mason Salit, Director of Network Development, Eastern Division
Learn more view bio