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Dynasty Financial Partners Adds $750M RIA

By Alex Padalka April 18, 2017

An independent wealth management practice with $750 million in assets has joined Dynasty Financial Partners’ network, the company says in a press release.

Next Capital Management, founded in 1999, is a boutique RIA offering family office-type services to individuals and families primarily on the East Coast, according to the press release. The firm partners with Schwab Advisor Services and Dynasty for analytics and operational support, Dynasty says. Next Capital’s decision to join Dynasty was driven by a desire to improve the RIA’s infrastructure and get access to improved data and analytics, Andrew Hart, founder and CEO of Next Capital, says in the press release.

In addition to adding RIAs onto its platform business, Dynasty offers services to broker-dealer teams that want to break away and form independent RIAs. Last month, three Merrill Lynch advisors left the wirehouse to form Avestar Capital in New York with assistance from Dynasty, as reported previously. In February, former UBS and Morgan Stanley brokers used Dynasty’s help to form a Houston-based independent advice firm.

Separately, two JPMorgan advisors managing more than $200 million have jumped ship to Bolton Global Capital’s Miami office, Bolton says in a press release.

Agustin De Estrada had been with JPMorgan since 2008, which he joined after a six-year stint at Merrill Lynch, according to the press release. Manuel Lecour had been with JPMorgan since 2012, after a four-year career with Citigroup, Bolton says. The two advisors focus on clients from the U.S., Latin America and Europe and will operate as Aurora Partners, according to Bolton’s press release.