Dynasty Financial Partners has recruited Concannon Wealth Management, an independent registered investment advisor with $400 million in client assets based in Bethlehem, Pennsylvania.
The RIA is led by Brad L. J. Griswold and includes four other advisors: Katherine M. Brown and Dennis Morton Jr., who are partners, as well as Seth G. Lindner and William Velekei.
“As an independent firm for 25 years, we were among the leaders in implementing open architecture to best serve our clients’ needs, starting in 1995 — well before this became common practice in wealth management,” said Griswold in a statement.
“Now, working with Dynasty Financial Partners, we are positioning our firm for future expansion and we will be capitalizing on advances in technology and investments on behalf of our clients,” he explained.
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Meanwhile, Coeur d’Alene, Idaho-based Pinkerton Retirement Specialists has transitioned to independent broker-dealer Triad Advisors, which is owned by Ladenburg Thalmann (LTS), the parent company of Securities America.
Pinkerton, with $627 million in client assets, was founded more than 29 years ago by Dan Pinkerton, president and CEO.
“We were … attracted to Triad’s relationship with Ladenburg Thalmann, which gives us access to investment banking, initial public offerings, private placements and other sophisticated investment products that are only available to accredited investors,” Pinkerton said in a statement.
Bank of America Recruits
Paul Morris has left Deutsche Bank’s private bank behind to become a managing director and private wealth advisor in the Private Banking and Investments Group at Bank of America Merrill Lynch (BAC). Morris, with more than 20 years of financial industry experience, will be based in the New York office of PBIG.