Dynasty Financial Partners Names Harvey Golub as New Interim Non-Executive Chairman of the Board
02 April 2020 - 3:00PM
Business Wire
Dynasty Financial Partners today announced that, effective
immediately, retired Chairman and CEO of American Express, Harvey
Golub, will become the new Interim Non-Executive Chairman of the
Board of Dynasty Financial Partners.
Mr. Golub replaces Todd Thomson who will remain on the Board and
as a Member of the Executive Committee. Mr. Thomson is Chief
Operating and Financial Officer of Los Angeles-based Kairos
Ventures, a firm that invests in the world’s leading scientific
discoveries.
“I could not be more proud of what the Dynasty team has
accomplished since we launched the business back in 2010,” said Mr.
Thomson, “Harvey is an icon in our industry and I have enormous
confidence in him as Interim Chairman and am appreciative of his
talent and enthusiasm that he has brought to the Board of Directors
since day one for the business.”
"Harvey was an early investor and founding Board member of
Dynasty Financial Partners. He is a proven leader over the last
four decades at the highest levels of finance. We welcome his
leadership in this new role as Interim Chairman, “said Shirl
Penney, Dynasty President & CEO. “I also can’t thank Todd
enough for his support as a cofounder, friend, and investor and for
his work in the business and as our Chairman the last nine plus
years.
“We are all grateful for Todd's role in the success of Dynasty,”
added Mr. Penney. “We look forward to continuing to build the
business with Harvey and the Board's guidance."
In January 2020, Dynasty Financial Partners announced that Bill
Crager, CEO of Envestnet, joined the Board.
Now approaching its 10 year anniversary, Dynasty Financial
Partners is a leading brand name in the wealth management industry
that has become synonymous with powering RIA independence. With
over $40 billion on its platform, the firm is expanding its RIA
outsourcing, capital and investment capabilities across the
board.
The Dynasty Investment Platform has grown significantly over the
past several years. This has occurred through both organic growth
of the existing firms in the network as well as inorganic growth
via the addition of new firms. The platform surpassed $20B in
assets late 2019.
The Enterprise Group is the division within Dynasty that focuses
on consulting and project management services to the existing RIA
community. It works with companies to drive technology
optimization, increase growth and help firms become more
profitable. Now moving into its third year, the Enterprise Group
now covers seven firms, with a combined AUM of over $13
billion.
For RIAs seeking to grow, the need for capital can be constant.
Dynasty Capital Strategies has expanded its capabilities as we
work with Network advisors who need capital for business startup,
succession planning, and asset diversification or to fund
acquisition growth strategies. Dynasty Capital Strategies is an
innovative financing program that helps independent RIAs expand,
scale and grow their business with both debt and equity options for
advisors. The programs are often used to fund M&A, succession
planning, liquidity in transition to independence, or to fund
investments in the business.
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:
Also visit Dynasty on social media: LinkedIn:
https://www.linkedin.com/company/dynasty-financial-partners
Twitter: @DynastyFP Youtube: http://bit.ly/1MKXhC8
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