February 21, 2012

Dynasty Financial Continues to Expand With Break-Away AIF

UBS Wealth Services’ Samuel Kiefer signs on with Dynasty’s family wealth advisory

Dynasty Financial Partners announced Tuesday that UBS Wealth Services’ Samuel Kiefer has left UBS to join the independent advisor firm Risk Paradigm Group Family Wealth Advisory, which is a member of the Dynasty network of nine independent investment advisors.

Kiefer, a vice president in investments and senior managed account consultant, comes to Risk Paradigm Group with more than 15 years of advisory experience. An accredited investment fiduciary (AIF) at UBS Wealth Services’ office in Wellesley, Mass., Kiefer was also a member of their Private Wealth Management program. 

As an AIF, Kiefer has a practice as the advisor to qualified plans and works with endowments and foundations. Prior to becoming a financial advisor, Kiefer was a well-known figure in university and athletic development, working over 16 years for the University of Pittsburgh, University of South Alabama, Tulane University, Temple University and Boston College.

Risk Paradigm Group LLC (RPg) is a financial services firm that provides high net worth individuals, families, businesses, charities, foundations and endowments with investment advisory and management services.

“Joining RPg is a natural next step for my clients and me,” Kiefer said in a statement.  “The transition to RPg opens the gateway to more freely sit on the same side of the table with my clients as a fiduciary without the biases and product campaigns of the wirehouse culture. I’m thrilled to be here.”

Kiefer is the latest in a series of investment advisors to break away from a traditional wirehouse brokerage and join the trend toward independence in wealth management as represented by Dynasty’s business model. Wealth manager Larry King announced earlier in February that he is leaving Morgan Stanley Smith Barney to go independent on the Dynasty platform, and Alexandra and James Lebenthal signed on with Dynasty in January.

Shirl Penney, Dynasty Financial Partners president and CEO“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 (left), New York-based Dynasty Financial Partners president and CEO, when the Lebenthals made their announcement.

Formerly, Penney was director of business development for Global Wealth Advisory Services at Citi Smith Barney and previously served as head of executive financial services and director of private wealth management at Smith Barney.

Dynasty’s investment platform integrates the proprietary research of Callan Associates with Envestnet’s tools and technology.Dynasty is both a registered investment advisor and a network of independent RIAs, which, by paying Dynasty a fee based on their AUM, receive access to technology, research, counsel, back-end support, marketing support and an open-architecture investment platform.

 

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