NEW YORK--(BUSINESS WIRE)--Dynasty Financial Partners today announced that Summit Trail Advisors, the most recent independent advisory firm to leverage Dynasty Financial Partners’ industry-leading platform of integrated wealth management services and technology, has expanded to include a new team with $500 million in AUM. They will be based in San Francisco and Boston.
Summit Trail Advisors is an independent advisory firm created by six founding partners on July 27th, 2015.
The new team includes advisor Daniela Pedley, who will be based in Summit Trail’s San Francisco office and her partner, advisor Lauren Cosulich, who will be based in a new Boston office. Ms. Cosulich will divide her time between Boston and San Francisco. Both advisors join Summit Trail from Barclays Wealth Management.
Summit Trail’s Managing Partner, Jack Petersen, said, “We are delighted to welcome Daniela and Lauren as the first team to join Summit Trail Advisors. We have had tremendous momentum since we launched and we are pleased that leading advisors are acknowledging that, as an independent firm, Summit Trail can provide an even better client service model, investment solutions and technology for client reporting."
According to Ms. Cosulich, “Daniela and I are looking forward to joining Summit Trail Advisors to gain the full benefits of being part of an independent advisory firm. We believe that we can now serve our clients -- successful entrepreneurs, business owners, and other wealthy families across multiple generations and geographic regions– at a higher level with no conflicts and access to Street-wide offerings.”
Shirl Penney, CEO of Dynasty Financial Partners, said, "At their launch, we anticipated that Summit Trail would build one of the industry's truly significant, professional wealth management firms. They have moved quickly with the addition of Daniela and Lauren several weeks after their launch, and we welcome them to our industry-leading network of truly independent financial advisory firms."
Summit Trail Advisors is an investment-focused independent wealth management boutique. The firm works with leading research providers as well as their in-house research team to design investment solutions and source unique, highly specialized investment managers. They are a large institutional client of the street and are able to source investment opportunities for their clients on a completely open architecture basis.
Ms. Pedley and Ms. Cosulich will join Founding Partners Tom Palecek and John Scarborough in Summit Trail’s San Francisco office. In addition, they join James Cantelupe, Peter Lee, Jack Petersen and David Romhilt – all Founding Partners at Summit Trail in the Chicago and New York City offices. For more information, please visit summittrail.com.
Biographies
Daniela Pedley, Partner, Summit Trail Advisors
Daniela Pedley is a Partner at Summit Trail Advisors based in San Francisco. After 6 years in the financial industry in the “City” of London, Ms. Pedley got her start in private wealth management with JPMorgan Private Bank's San Francisco office where she spent ten years before she joined Lehman Brothers as a Senior Vice President and then to Barclays (when they acquired Lehman's wealth management division in 2008), where she was a Director since 2008.
A native of London, Ms. Pedley is a graduate of Durham University in the UK, where she majored in Mathematics and captained the university women's rugby team. She is on the Board of Directors for Congo Voice.
Lauren Cosulich, Partner, Summit Trail Advisors
Lauren Cosulich is a Partner at Summit Trail Advisors, based in Boston. Prior to joining Summit Trail Advisors, she was a Vice President at Barclays for seven years. Previously, she worked in the private wealth management groups at Lehman Brothers and JPMorgan Private Bank.
Before transitioning into financial services, Lauren worked at John Berggruen Gallery in San Francisco, where she helped high net worth individuals develop their art collections. Ms. Cosulich received a B.A. with highest distinction in art history from Duke University and is on the Board of Directors for the Duke University Young Alumni Development Council.
About Dynasty Financial Partners
Dynasty Financial Partners is the premiere integrated platform for the wealth management industry’s top advisors. Dynasty develops, sources and integrates wealth management capabilities, solutions and technology into its open-architecture platform to help independent advisors protect and grow their clients’ wealth. Dynasty’s core principle is “objectivity without compromise,” and the firm is committed to crafting solutions that allow investment advisors to act as true fiduciaries to their clients. For more information, please visit www.dynastyfinancialpartners.com and follow us on Twitter @DynastyFP.
