ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Leading wealth advisor Ahmie Baum today announced that he and his team have partnered with Dynasty Financial Partners to form an independent wealth management firm called Interchange Capital Partners. Mr. Baum and his team previously managed over $400 million in client assets.
Based in Pittsburgh, Pennsylvania, Interchange Capital Partners advises families across the United States. Prior to founding Interchange Capital Partners, Mr. Baum served as Managing Director-Wealth Management at UBS in Pittsburgh.
There are a total of seven members on the Interchange team. Due to the complex nature of their clients’ needs, Interchange has built a team of five advisors specializing in business transition, investment management, advanced planning and relationship management.
Ahmie E. Baum, CFP® is the Founder and CEO of Interchange Capital Partners. Mr. Baum is an expert in transition planning for individuals, families and businesses. He began his career with EF Hutton in 1979 and transitioned to UBS in 1983. He was named 3 years in a row to the Barron’s Top 1,000 Financial Advisor List. He graduated from the University of Pittsburgh and received the Executive Certificate in Financial Planning from Duquesne School of Leadership and Professional Advancement. He earned the Wealth Advisor designation from UBS.
Also joining Interchange Capital Partners from UBS are the following professionals:
- Brian Baum, CFP® CEPA® - Managing Director at Interchange Capital Partners. Brian Baum joined his father at UBS in 2012 and began working in The Business Transition Group focusing on entrepreneurs and family businesses. He is the President of the Pittsburgh Exit Planning Chapter.
- Kendra Kasznel Reilly, CFP® CIMA® - Senior Director – Relationship Management
- Christopher M. Duerr, CFA, CFP® - Senior Director - Investments
- Evan Fitzpatrick – Senior Vice President - Planning
- Kathleen J. Saksa – Senior Associate – Client Service
- Alyssa Jean Cassandro – Senior Associate - Client Service
“As an independent advisory firm, Interchange Capital Partners can now offer our clients new and advanced capabilities including leading-edge technology, planning and unique investment opportunities,” said Mr. Baum. “As the world continues to change quickly, it has emphasized the requirement for financial advisors to be nimble and continue to innovative on behalf of their clients And, as a result of the pandemic, we are hearing from baby boomers who are reassessing their priorities, reevaluating their transition plans and are wondering if they are still on track to be able to unlock a lifetime of work and effort from their businesses, employers and practices We will be hitting the ground running as an RIA.”
Regarding the name of the firm, Mr. Baum explained, “Our client base is an individual, family or a business owner who is at the 'interchange' in their life, looking to navigate their transition through what they know and what is unknown around their next chapter.”
“Interchange Capital brings a unique set of capabilities and expertise to the advisory space,” said Ben Harrison, head of Advisor Solutions at BNY Mellon’s Pershing. “In their newly independent structure, they will be able to amplify these capabilities and deliver clients a comprehensive array of services that are critical in successful transitions. We are excited to support Interchange on this journey and look forward to powering their ongoing success.”
Interchange is focused on three key areas of growth to expand their business:
- The first is the business consulting practice; the firm works with business owners to increase the value of their business and prepare for the inevitable transition of their business, whether to a family member, employee, or 3rd party.
- The second area of expansion is helping individuals and families with their transitions using a family office structure.
- The third is acquisitions. The firm is seeking like-minded advisers that want to grow in the areas of wealth management, business consulting, accounting, investment banking and other complementary services that will enhance the lives of clients.
“Ahmie and the Interchange Capital Partners team have significant opportunities to expand their business in the independent arena. Their deep expertise in transitions – business and personal – will be a major differentiator in the market,” said Shirl Penney, CEO of Dynasty Financial Partners. “The movement to independence is continuing - even during the lockdown - and we are pleased that an increasing number of RIAs are choosing Dynasty as their platform services partner to help them scale, grow, expand margins, operate more efficiently, and better care for their clients. We are thrilled to welcome Interchange Capital Partners to the Dynasty Network!”
About Interchange Capital Partners
An independent registered investment advisor, Interchange Capital Partners offers comprehensive financial planning and wealth management. A particular focus of the firm is working with individuals, families and business owners who envision a transition of their company, their assets and their wealth. Because of the decades of experience of the Interchange team, they have developed an expertise in transition planning that also accounts for the impact on client’s family and personal wealth. By taking a holistic approach to analyzing clients’ financial affairs, the firm looks to simplify the decision-making required for planning, sustaining and transferring assets and wealth, for the future.
Among its other resource partners, Interchange Capital Partners has selected BNY Mellon | Pershing as their custodian for clients’ assets. The firm is also working with Addepar in client reporting. Interchange is part of the Dynasty Financial Partners network, one of the industry’s pre-eminent advisor platforms. Through Dynasty, the firm has access to a full array of capital markets and investment banking capabilities, as well as a range of investment research and consulting, advanced technology and proprietary analytical tools, and an online research center.
For more information, please visit www.interchangecp.com.
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. 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.
For more information, please visit 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
