Saratoga Springs, NY-based team led by Larry King departs major brokerage house to access Dynasty's industry-leading platform
Larry King – one of Registered Rep magazine's 2011 Top 100 Advisors – becomes the latest high-profile investment advisor to break away from a traditional "wirehouse" brokerage to join Dynasty's network of independent Registered Investment Advisors (RIAs). With this move, King and his team form a new company called King Wealth Management Group, and become the ninth advisor business to leverage the Dynasty platform.
"Our partnership with Dynasty Financial Partners provides our firm with the highest quality infrastructure, research and advisory services to build, enhance and protect our clients' wealth," says King. "But no one owns us. Being fully independent gives us the autonomy, objectivity and flexibility to always act in our clients' best interest; partnering with Dynasty brings us all the capabilities and analytical firepower of a large firm. It's really the best of all worlds."
King has been a trusted provider of wealth management services in New York's capital region for 22 years. While building his practice through a career at Merrill Lynch, Prudential Securities and Morgan Stanley Smith Barney, King served on the Board of Directors for the Portfolio Management Institute (PMI) in Denver, CO and helped to found the Academy of Certified Portfolio Managers (ACPM). He is widely recognized as a leading U.S. financial advisor, earning a Top 1000 rank by Barron's magazine in 2009 in addition to his Registered Rep Top 100 honor last year.
"Dynasty has become a partner of choice for top-tier advisors like Larry King, who want to operate without limitations or compromise," says Shirl Penney, President and CEO of Dynasty Financial Partners. "King Wealth Management Group is the quintessential example of an elite wirehouse wealth management team that can take its services to a new level by going independent on the Dynasty platform."
King Wealth Management will take full advantage of Dynasty's robust open-architecture platform of wealth management solutions, which include state-of-the art technology, managed investments, institutional research, trust and insurance services and credit facilities. Dynasty has crafted a bespoke set of capabilities for King, including Fidelity's custodial and clearing services and Black Diamond's institutional back office services. King will also utilize Dynasty's proprietary wealth management platform, which integrates industry-leading research from Callan Associates with Envestnet's state-of-the-art tools and technology.
"My partner Daniel Gale and I have done due diligence on many investment firms, and we have found that the best people, research and services are no longer housed under one roof," says King. "Dynasty integrates the very best capabilities from around the industry, whether from a boutique research shop, a large financial firm, or custom-built by Dynasty itself. It is a powerful story that affords us unprecedented flexibility in the solutions we can provide; we are convinced that this is the way we want to manage money for our clients, ourselves and our families."
"We built Dynasty because we recognize that financial advisors and their clients alike benefit from a truly independent advisor model," says Todd Thomson, Chairman of Dynasty's Board of Directors. "Larry and his team have demonstrated a relentless commitment to providing only the best for their clients. We are delighted to welcome King Wealth Management Group to Dynasty's growing network of elite partner firms."
About King Wealth Management Group
In 2012, the Saratoga Springs, NY-based wealth management team led by Larry King transitioned to the independent space to found the King Wealth Management Group. The firm's advisors operate with one purpose: to deliver to their clients what they would for themselves and their own families. The King Wealth Management Group is dedicated to servicing its clients' financial needs without conflict or compromise, and utilizes the capabilities of Dynasty Financial Partners, the leading provider of investment and technology platforms for independent Registered Investment Advisors. www.kingwealthmanagementgroup.com
About Dynasty Financial Partners
Dynasty Financial Partners develops, sources and integrates the finest capabilities for the industry's leading independent investment advisor teams -- without limitations or conflicts. Dynasty offers a customized open-architecture platform of the finest wealth management solutions and technology to help independent advisors best protect and grow their clients' wealth. Dynasty's core principle is "objectivity without compromise," and the firm is committed to crafting solutions that allow investment advisors to act as true fiduciaries to their clients. For more information, please visit www.dynastyfinancialpartners.com.
Contacts:
For Dynasty Financial Partners
Gerard Carney, 212-453-2000
gerard.carney@fleishman.com
