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Financial Planning > Behavioral Finance

Dynasty Financial Hires New CFO

By Janet Levaux

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Dynasty Financial Partners says it has hired Jason Emerson as its new chief financial officer. Emerson, who has more than 20 years of industry experience, joins from Convergex Execution Solutions and earlier worked for Gain Capital, Knight Capital Group, Instinet and PricewaterhouseCoopers.

“We are pleased to have someone of Jason’s caliber join our firm as we continue to professionalize our functions. Jason brings extensive financial and operational experience to this position as Dynasty’s growth continues to accelerate,” said Dynasty Chairman Todd Thomson, in a statement.

The firm, which has added 12 new RIAs so far in 2017, says Emerson will be based in New York. His focus will be on leading the firm’s financial strategy and the services it provides to its partner firms.

“Dynasty’s impressive partner network, leading-edge technology and emphasis on client service make them a leader in the independent wealth management space, and I am excited about contributing to the firm’s expansion,” Emerson said in a statement.

Capital Strategies

Amit Grover, who had been Dynasty’s CFO from its start in 2011, will now lead Dynasty Capital Strategies, which offers debt and equity solutions to Dynasty network firms seeking capital.

For the past five years, network firms have used these resources to fund firm launches, acquisitions and succession plans.

In May, Dynasty said it was forming a capital-strategies group to handle its lending business, the new revenue purchase notes business and financial consulting on the best ways to design capital structures, succession plans and funding of mergers and acquisitions.

“Dynasty Capital Strategies has filled a void in the RIA market,” Grover said in a statement. “We have existing RIA firms who are transitioning the firm from one generation to the next, advisors breaking away to establish new firms, and some looking to acquire other firms.”

Speaking on Grover’s new position, Dynasty President & CEO Shirl Penney said: “I am thrilled with the momentum we have in the business right now, and welcome Jason to Dynasty while congratulating Amit on his new role. We feel our flexible and creative liquidity options are a good example of how we continue to evolve and innovate our platform to meet the needs of our growing community of advisors.”

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