Industry Moves

MAI Capital Management Adds Northern Trust Exec as Wealth Mgmt Head

Colter Lewis brings more than 25 years of experience to the Ohio-based RIA.

MAI Capital Management announced that Colter Lewis will join the Cleveland, Ohio-based registered investment adviser as president of wealth management.

Lewis has more than 25 years of experience, most recently as Texas regional president at The Northern Trust, according to his LinkedIn profile. At MAI Capital, he will be tasked with expanding the firm’s national presence, including in key southwest markets, according to an announcement issued by the firm.

MAI Capital operates 17 offices nationwide and manages assets of $13.4 billion, per the announcement.

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Dynasty Financial’s Board Grows by Three

Henchy Enden, Avery Johnson and John Seifert bring the company’s board count to 11.

Dynasty Financial Partners announced the addition of three members to its board of directors.

The addition of Henchy Enden, Avery Johnson and John Seifert expands the board’s count to 11, comprising nine independent directors and two interested directors: CEO Shirl Penney and COO Ed Swenson.

Enden is vice president and portfolio manager for the New York-based private investment fund MFP Investors LLC. She has been with MFP for nearly 20 years. In its release announcing the moves, Dynasty said that Enden brings “extensive experience in corporate finance and public company oversight.”

Johnson, a former professional basketball player, is the CEO and co-founder of Avery Capital, a commercial real estate firm based in Dallas.

Seifert previously served as the non-executive chairman and CEO of The Ogilvy Group, where he was involved in advertising and marketing. Seifert, who recently retired, brings more than 40 years of experience.

St. Petersburg, Florida-based Dynasty represents 319 financial advisors, operates 48 offices across the nation and oversaw $67.5 billion in assets as of June 30, 2022, according to a company spokesperson.

In late August, Dynasty partnered with financial technology company Pontera to manage 401(k), 403(b) and other held away accounts in Dynasty’s network. In June, Dynasty added a team of financial advisors from DayMark Wealth Partners. The Cincinnati-based firm left Wells Fargo with $1.4 billion in client assets.

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Contact the reporter: agonzalez@money-media.com