Dynasty Financial Partners said Monday that a new group with about $3 billion in assets has joined the wealth management partnership in San Francisco: Intellectus Partners, formerly of Deutsche Bank.
“Intellectus Partners immediately becomes one of the largest independent RIAs in the United States. The team’s Lifecycle Advisory approach is focused on working with entrepreneurs from the beginning — from the start-up of their venture to helping them discover how their success and wealth can benefit the world around them,” Dynasty explained in a statement.
The group includes David J. La Placa, previously a member of the Client Advisor Executive Committee and a managing director with Deutsche Bank Alex. Brown, who began working for the bank in 2004. La Placa now serves as chairman and CEO of Intellectus. “We launched Intellectus Partners to address the needs of successful entrepreneurs, corporate executives and their families — who want the best investments and opportunities available,” said La Placa, in a press release.
“Entrepreneurs ourselves, we embrace our ability to innovate, create value, quantify risks, and help our accomplished clients capitalize on opportunities — with minimal conflicts or restrictions,” he explained. “We believe the existing wealth management model focuses too much on what a client has done in the past. We are focused on their future.”
Jay Casey is co-founder and president of Intellectus. Earlier, he was a director, advisor and portfolio manager at Deutsche Bank. He stated a career in financial services in 2000.
“We are thrilled to welcome David, Jay and their team to the Dynasty network,” said President & CEO Shirl Penney, in a statement. “Their acumen, expertise and entrepreneurial vision have earned them an exceptional reputation in Silicon Valley and beyond.
“It’s fitting that Intellectus Partners should partner with Dynasty, founded to help pre-eminent wealth management teams amplify the benefits of independence, objectivity, transparency and competition,” he said.
— Check out Dynasty Adds $800M Team From Morgan Stanley on ThinkAdvisor.