NEW YORK--(BUSINESS WIRE)--Dynasty Financial Partners announced today that the firm is moving its headquarters from New York City to St. Petersburg, Florida in the second quarter of 2019. The firm will continue to maintain a presence in New York in their midtown office as well as their client service locations in Chicago and San Francisco.
“We have spent a year looking for an ideal location that provided economic leverage, a high quality of life for our team, a robust infrastructure, and a strong talent pool. We also wanted a location that was in the heart of a thriving and growing financial services market – and St. Petersburg was a stand-out on all fronts,” said Shirl Penney, President and CEO, Dynasty Financial Partners. “The real estate footprint expansion will now allow us to invest more aggressively in people, resources and tools to better serve our growing client base.”
Dynasty Financial Partners will move its headquarters to 200 Central Avenue, St. Petersburg, Florida. The building is in the heart of the business district in St Petersburg with panoramic views of downtown and Tampa Bay.
Dynasty plans to hire professionals in St. Petersburg in a variety of areas including business development, relationship management, technology, operations, client service, investments, human resources, legal and compliance.
Mr. Penney said, “There is a rising group of talented financial services professionals in Florida as a result of other financial firms based there. Dynasty is a young, innovative company with cloud-based technology systems doing things differently – not a legacy firm locked into any one location. The young and vibrant community in St. Petersburg will allow us to hire professionals from various backgrounds at various levels of the firm to integrate them into our client-first culture. There is a tremendous excitement with our current team, and we are already seeing excitement in the new location with people who want to join our growing team.”
St. Petersburg with its population of 266,076 is one of the fastest growing cities in Florida. Known for its record levels of sunshine, remarkable walkability, diverse culture, explosive art scene, ocean and beaches, breathtaking sunsets and nightlife entertainment, it’s quickly becoming a destination of choice for firms seeking to grow with exceptional talent in a remarkable setting.
St. Petersburg Mayor Rick Kriseman said, “I am so pleased to have one of today’s most innovative and entrepreneurial firms in the wealth management industry choose St. Pete for their next Headquarters location, where they will be among one of the best financial services sectors in the nation. The City of St. Petersburg is undergoing a remarkable economic transformation. I want to thank everyone on our Economic Development team, as well as our EDC, for recognizing this and working hard to bring some of the best companies in the nation, like Dynasty Financial Partners, to the Sunshine City. We are all excited to welcome their clients, advisors, and investors to St. Pete over the many years to come.”
This latest announcement from Dynasty comes on the heels of an impressive growth year that saw the firm surpass $15 billion in assets on its turnkey asset management platform (TAMP). In addition, Dynasty’s Investment Platform is approaching $1 billion in alternative assets. Overall, Dynasty Financial Partners works with 47 RIAs across the U.S. with assets over $30 billion on the firm's platform.
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 the advisor’s firm. Dynasty does this by developing, sourcing and integrating management capabilities for some of the industry’s leading independent investment advisory firms. Dynasty’s award-winning integrated platform services delivery chassis offers a customized, open-architecture wealth management solutions and technology platform supporting advisors as they protect and grow their clients’ wealth. Dynasty hosts numerous events to allow the community to come together and allow top RIA firms to be independent but not alone. Dynasty also offers access to capital to help advisors expand, scale and grow their business. 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.
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