A storied Wall Street name, Lebenthal, has signed on with Dynasty Financial Partners’ open-architecture platform of wealth management services and technology, the companies announced Thursday.
Alexandra & James, which comprises the Alexandra & James wealth management and Lebenthal institutional investment banking businesses, will now use Dynasty products including technology, managed investments, institutional research, trust and insurance services and credit facilities. The company also will have access to Dynasty’s investment platform, which integrates the proprietary research of Callan Associates with Envestnet’s tools and technology.
“Dynasty delivers the very best of the industry in one customized integrated package, allowing us to offer our clients a level of service that simply couldn’t be achieved a few years ago,” said Alexandra Lebenthal (left), CEO of Alexandra & James, in a statement. Alexandra & James Wealth Management, with nearly $1 billion in assets, specializes in life-transition advisory services, investment management and personal CFO services for private clients.
Lebenthal is also president and CEO of Lebenthal & Co. along with its multi family office Alexandra & James. Her grandparents, Louis and Sayra Lebenthal, founded Lebenthal & Co., a municipal bond specialist, in 1925, and her grandmother worked until age 93. She followed her father, James Lebenthal, as company spokesperson after joining Lebenthal in 1988, and became president and CEO in 1995 at the age of 31. She remained at the firm for four years after its sale, leaving in 2005 before starting up her new firm with her dad in 2006.
Alexandra & James is the latest wealth management firm to sign on with New York-based Dynasty Financial Partners since its inception a year ago.
“We’ve become known in the industry as a destination for corner office breakaway advisors who want to be free of the conflicts and confinements of their wirehouse relationships and operate their own businesses,” said Shirl Penney, president and CEO of Dynasty Financial Partners, in a statement.
Read more about Dynasty at AdvisorOne.com