Dynasty Financial Partners is moving its headquarters from the Big Apple to the Sunshine State.
The company, which provides wealth management and technology platforms to RIA firms, is relocating to St. Petersburg, Fla., although it will maintain a New York office as well as client service locations in Chicago and San Francisco.
Dynasty had been looking for a year for a new home providing “economic leverage, a high quality of life for our team, a robust infrastructure, and a strong talent pool,” Shirl Penney, the company’s CEO, said in a news release. It was also looking for a home base in a growing financial services market.
Penney said the move would allow Dynasty to invest “more aggressively” in employees and resources to serve its growing client base. The company works with 47 RIAs with assets of more than $30 billion on its platform.
Dynasty expects to make new hires in business development, relationship management, technology and operations, among other areas.
“There is a rising group of talented financial services professionals in Florida as a result of other financial firms based there,” Penney added. “The young and vibrant community in St. Petersburg will allow us to hire professionals from various backgrounds at various levels of the firm.”