RIA Agency With $275 Million in AUM Companions With Dynasty

An RIA agency with $275 million in managed property is partnering with Dynasty Monetary Companions, the corporate introduced Monday. Because of the partnership, Pivotal Planning Group could have entry to Dynasty’s built-in Core Providers platform for advisors, in addition to the agency's turnkey asset administration platform (TAMP).

John Marchisotta, Pivotal Planning’s managing accomplice and one in every of its 4 advisors, mentioned Pivotal would leverage Dynasty’s scale to strengthen the assist they'll provide purchasers.

“The necessity for unbiased recommendation throughout the nation has grown considerably, and each purchasers and advisors want an answer that's free from battle and relies on all the time putting the purchasers’ greatest pursuits first,” he mentioned. “We proceed to enhance the recommendation we offer with entry to institutional options for expertise, investments and back-office operations.”

Pivotal Planning Group was fashioned in 2000, with places of work in Lengthy Island, N.Y., and Norfolk, Va. (the agency plans to open an extra workplace in Florida later this yr). Pivotal contains two service teams; one gives recommendation for high-net-worth households, together with monetary planning and funding administration, whereas the opposite serves as a fiduciary advisor for companies with fewer than 1,000 workers.

The partnership is one other in a collection of strikes Dynasty has made to broaden its attain this yr. In April, Dynasty introduced that Americana Companions, with greater than $6 billion in consumer property, would be part of the agency; it was the biggest breakaway of the yr and the only largest crew to ever be part of Dynasty. The next week, a wealth advisory crew with greater than $450 million in managed property joined Dynasty to create Regent Peak Wealth Advisors.

Along with entry to the Core Providers platform and Dynasty’s TAMP, Pivotal Planning’s advisors will be capable to entry Dynasty’s proprietary desktop, specialists and assist for house places of work. Schwab will cowl custody providers for Pivotal’s managed property, and Black Diamond will conduct consolidated asset and efficiency reporting.