ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Dynasty Financial Partners today announced that veteran advisor Matt Kilgroe has launched Cyndeo Wealth Partners in St. Petersburg, Florida. Mr. Kilgroe and his team previously managed $1.2 billion in client assets. Prior to launching Cyndeo Wealth Partners, Mr. Kilgroe worked at UBS.
“There were a number of compelling reasons for us to launch Cyndeo Wealth Partners. We had keen interest from our clients for more flexibility surrounding investments and service than we could provide in the wirehouse setting,” according to Matt Kilgroe. “In addition, we followed the evolution of the independent space--particularly on the technology side, and wanted to tap into the advanced capabilities. We are excited to utilize the technological tools that allow client data aggregating as well as financial modeling. And we wanted to create a strategy around succession planning.”
“I could not be more thrilled to partner with Matt, Pete, and the entire Cyndeo team,” said Shirl Penney, CEO of Dynasty Financial Partners, who last year moved their headquarters to St. Petersburg, FL. “As one of the largest financial advisory teams in the greater Tampa / St. Pete area, Matt and the Cyndeo team are also deeply committed to the St. Pete community and are well known for their strong support for local causes. We are so proud and honored to support Cyndeo and their clients on their journey to independence right here in our hometown of St. Pete!”
Based in St. Petersburg, Florida, with clients in nearly 40 states across the U.S., Cyndeo Wealth Partners provides financial planning and investment management services, backed by family office-level personal service. Their clients include executives, business owners, land owners and professional athletes as well as those facing financial challenges due to divorce or death of a loved one. In addition, the Cyndeo team proactively networks among professional and personal circles to connect people with each other and to exclusive opportunities, leading to distinctive outcomes.
The name Cyndeo Wealth Partners comes from the Greek word ‘syndeo’ meaning ‘connect.’
Cyndeo has selected Fidelity Institutional as its custodian. In addition, Cyndeo is part of the Dynasty Financial Partners network. Through Dynasty, the firm has access to a full array of capital markets and investment banking capabilities, as well as a vast range of investment research and consulting, advanced technology and proprietary analytical tools, and an online research center.
“I love the origin of Cyndeo’s name because this is an industry built on connections, and as we’ve seen over the past several months, the connection between an advisor and clients can be a source of comfort in uncertain times,” said David Canter, head of the RIA and Family Office Segments for Fidelity Institutional. “We’re excited to welcome Matt and team to the Fidelity platform as they begin their journey as an independent firm.”
For more information, please visit www.cyndeowealthpartners.com.
Matt Kilgroe
President/CEO
Prior to launching Cyndeo Wealth Partners in 2020, Mr. Kilgroe ran advisory teams at Merrill Lynch and UBS Financial for 29 years. Providing guidance, counsel and strategy for families the firm serves is his passion. In addition to his role as an advisor, Mr. Kilgroe works in a leadership capacity for Cyndeo while also helping with business development.
Mr. Kilgroe has been recognized by Barron’s as a Top 1000 or Top 1200 Advisor consistently since 2009. In 2020 Forbes named him to their “Best In-State Wealth Advisor” list. A graduate of Eckerd College, he has served on the Board of Trustees at his alma mater since 2012.
Joining Mr. Kilgroe at Cyndeo Wealth Partners from UBS are the following professionals:
Pete Frantzis
Director Business Development
Mr. Frantzis’ financial services career began at Barnett Bank where he was a senior level executive for 16 years. In 2002, he joined Merrill Lynch and transitioned to UBS in 2012 along with other members of the Cyndeo team. He oversees the business development efforts at Cyndeo.
He lives in Lakeland, FL. Pete was a member of the SEC championship baseball team at Mississippi State University prior to completing his studies at the University of Tampa. His community work includes being a board member of the Central Florida Development Council, Young Life Ministries and Idols Aside Ministries.
Eric Branson CKA®
Director Investments
A former combat engineer in the US Army, Mr. Branson was honorably discharged as a Private First Class prior to entering the financial services industry. His career has led him to stints at Raymond James, Morgan Stanley and UBS prior to Cyndeo Wealth Partners.
A graduate of St. Petersburg College, Mr. Branson is involved with BSF Bible Study Fellowship, currently serving as a children’s supervisor. He also maintains the Certified Kingdom Advisor designation, which integrates technical expertise and biblically wise counsel. He is a past chair of the Suncoast Center for Community Health, past chair of PARC, and past president of All Children’s Hospital Foundation Development Council.
Tommy Kidwell
Vice President Wealth Management
Mr. Kidwell entered the financial services industry with Merrill Lynch in 2006 following a minor league baseball career where he played, coached and managed in the St. Louis Cardinals organization. He transitioned to UBS with other Cyndeo members in 2012. He maintains the Chartered Retirement Planning Counselor (CRPC) designation and focuses on the retirement planning needs of high net worth clients as well as professional athletes.
Mr. Kidwell received his BA from Yale University in 1998 where he also captained the baseball team his senior year. In 2019, he was appointed by the Governor of Florida to the Board of Trustees at St. Petersburg College. He also serves on the Board of Directors for St. Petersburg Police Athletic League and the Northeast Little League.
Ryan Quinty
Vice President - Financial Planning
Mr. Quinty’s financial services career began at Merrill Lynch in 2011 where he partnered with his father Dave Quinty. In 2013, Ryan transitioned to UBS joining other Cyndeo members. A Certified Financial Planner (CFP), Ryan spearheads the formal planning process for Cyndeo clients.
A biology major at the University of Florida, Ryan received his Bachelor of Science degree in 2010. He remains active at his alma mater working with the University of Florida Alumni Association. Ryan is also involved with the American Cancer Society.
Adam Hess
Vice President
Mr. Hess entered the financial services industry with UBS following a 13 year professional basketball career mostly in Europe. He works with Cyndeo clients on overall financial planning as well as being involved in the investment process. Part of his focus is working with professional athletes and the specialized issues they encounter before, during and after their careers.
An Academic All-American at the College of William and Mary, Adam received his BBA in Finance in 2004. He has been a regular writer for multiple basketball industry-related sites and has been involved with many youth basketball camps.
Nate Johnson
Vice President
Mr. Johnson began his career at UBS in 2015 as a Wealth Planning Associate and transitioned to Financial Advisor in 2017. A basketball player in college at the University of West Florida, he enjoys working with professional athletes on all aspects of their financial lives. With his wealth planning background, he helps create plans for both athletes as well as high net worth clients of the firm.
He earned a BA at the University of West Florida and a master's degree in business from Ashford University’s Forbes School. He is active in the local community and especially enjoys volunteering his time at Skycrest Christian School’s basketball camps.
David Lackore
Director of Operations
After several years in the banking industry, Mr. Lackore started at Merrill Lynch in 2006. He transitioned to UBS in 2012 along with other Cyndeo members. As Director of Operations, he oversees business operations and client based services including delivery of the client review program, calendar coordination and proposal generation. A graduate of the University of South Florida in Tampa, he has a BA in Business Administration.
ANGELA SUNDSTROM
Senior Client Relationship Manager
JULIE BATTAGLIA
Senior Client Relationship Manager
PORSCHE SANDERS
Client Relationship Manager
PAULA LaBRAKE
Senior Client Relationship Manager
STEPHEN GALIARDO
Client Relationship Manager
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 and 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 Services Group supports larger institutional clients who often have multiple 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 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: dynastyfinancialpartners.com
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About Fidelity Investments
Fidelity’s mission is to inspire better futures and deliver better outcomes for the customers and businesses we serve. With assets under administration of $7.9 trillion, including discretionary assets of $3.1 trillion as of April 30, 2020, we focus on meeting the unique needs of a diverse set of customers: helping more than 32 million people invest their own life savings, 22,000 businesses manage employee benefit programs, as well as providing more than 13,500 financial advisory firms with investment and technology solutions to invest their own clients’ money. Privately held for more than 70 years, Fidelity employs more than 40,000 associates who are focused on the long-term success of our customers. For more information about Fidelity Investments, visit https://www.fidelity.com/about-fidelity/our-company.
Fidelity Investments and Fidelity Institutional (together “Fidelity”) is an independent company, unaffiliated with Cyndeo Wealth Partners. Fidelity is a service provider to Cyndeo Wealth Partners. There is no form of legal partnership agency affiliation, or similar relationship between Cyndeo Wealth Partners and Fidelity, nor is such a relationship created or implied by the information herein. Fidelity Institutional provides clearing, custody, or other brokerage services through National Financial Services LLC or Fidelity Brokerage Services LLC, Members NYSE, SIPC. 933437.1.0
