Dynasty Financial Partners Rapidly Expands in the Sunshine State with a Slate of New Hires

March 18, 2021 10:00 AM EDT

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M&A Division Sees Significant Growth & Launches Targeted M&A Podcast Series

ST. PETERSBURG, Fla.--(BUSINESS WIRE)-- Dynasty Financial Partners today announced that it has hired 9 new employees to date in 2021 including the following professionals:

  • Tony Biancarosa – SVP, Relationship Management. Previously, he was a Director at UBS in Tampa.
  • Chris Marsh - VP, Dynasty Capital Strategies & M&A. Previously, he worked at Evercore in New York, NY as a Senior Associate in their Global Advisory business.
  • Jared Pestcoe – VP, Network Development, Central Region. Previously, he worked at TD Ameritrade Institutional as a Senior Sales Specialist in Texas.
  • Fei Xue - VP, Relationship Management. She previously worked at CNL Financial Group in Orlando, FL as Director of National Accounts & Due Diligence – Institutional Group & RIA. Prior to that, she worked at J.P. Morgan Asset Management in New York, NY as Product Strategy Vice President.

“If you want to build a Dynasty, you need to continually upgrade your talent. We continue to add new talent to Dynasty and welcome diverse perspectives,” according to Mason Salit, Chief Talent Officer of Dynasty Financial Partners.

According to Shirl Penney, CEO of Dynasty Financial Partners, “The industry’s movement toward independence is accelerating unabated. Dynasty continues to evolve rapidly with new people, partnerships, technologies, and client solutions all designed with the advisor and end-client experience in mind. We have the most comprehensive offering for independent advisors in the space and have recently expanded our professional team in anticipation of our continued growth.”

The firm anticipates hiring a minimum of 20 additional professionals in its St. Petersburg, Florida headquarters in 2021.

With a total of 48 advisory firms in its Network, $55 billion in assets on its platform, and $27 billion on its TAMP, Dynasty has seen a rapid expansion of its business in the last year.

Launch of Dynasty’s M&A Podcast Series: Inside the Deal

In an effort to meet the growing demand of clients to have more M&A support, Dynasty Financial Partners has recently expanded its M&A and capital strategies department.

“We expect the surge in M&A activity to be sustainable over the near future and have positioned our balance sheet, credit facilities and capital programs to be ready for that growth. More clients are coming to us than ever before to get advice on deal structure, valuation and capital. Through this strategic investment in resources, we are confident that we can support RIAs in closing and financing deals effectively and with confidence,” said Harris Baltch, Head of M&A and Capital Strategies for Dynasty Financial Partners and ASx. “Dynasty’s brand and leadership position in the marketplace has attracted a significant pool of talent from Wall Street that is passionate about the wealth management industry and in particular helping RIAs scale and grow through M&A.”

As a complement to this initiative, Dynasty will be rolling out a new podcast mini-series in Spring 2021 dedicated to educating RIAs on M&A. Entitled “Inside the Deal” and hosted by Harris Baltch, the podcast is intended for RIAs seeking to learn more about the M&A process and will feature several prominent industry veterans and M&A experts as they share their own stories about dealmaking.

Mr. Baltch added, “So many RIAs want to do M&A but don’t have a game plan. We think the podcast will shine a light on what really happens inside the deal room and how an RIA that wants to be acquisitive can be successful in doing so.”

More details about the podcast are expected to be released in the coming weeks.

About Dynasty Financial Partners

Dynasty Financial Partners is known for assisting advisors of integrity to better service their clients, run their businesses more profitably, grow faster, and enhance the enterprise value of their firms. Dynasty does this by providing wealth management and technology platforms for select independent financial advisory firms. Dynasty creates access to valuable resources and industry-leading capabilities through an open-architecture platform, enabling advisors to address their clients’ needs and to protect and grow their wealth. Dynasty supports independent advisors and their teams in being independent, but not alone, by creating exclusive community events and experiences. Dynasty also offers access to flexible capital solutions to help advisors expand, scale, and grow their business, as well as provides M&A support to firms looking to grow inorganically or to plan for succession. Dynasty’s core principle is “objectivity without compromise,” and the firm is committed to developing solutions that allow investment advisors to act as true fiduciaries to their clients. ​Dynasty has a leading network of RIAs who leverage its integrated platform and Dynasty’s growing Enterprise Group supports larger institutional clients who often have numerous advisors in multiple cities by delivering Dynasty’s platform at the home office and firm level. Dynasty has helped to level the playing field for advisors and firms looking to deliver Private Wealth Management capabilities to their UHNW clients vs many of the larger Wall Street firms in providing a robust suite of capabilities, products, and services, which when combined with Dynasty’s support offers independent advisors the ability to compete at the highest levels of wealth management client opportunities.

For more info on Dynasty please visit: http://www.dynastyfinancialpartners.com

Also visit Dynasty on social media:
LinkedIn: https://www.linkedin.com/company/dynasty-financial-partners
Twitter: @DynastyFP
YouTube: http://bit.ly/1MKXhC8

Sally Cates
Dynasty Financial Partners

Source: Dynasty Financial Partners

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