Dynasty Financial Partners has added a $420 million advisory team from Morgan Stanley to its network: ShoreHaven Wealth Partners, previously Durso Wealth Management Group, is based in Red Bank, New Jersey.
The independent firm is led by Lawrence Durso, a 42-year industry veteran. He is joined by son Michael, an investment specialist; Michael Lombardi, a CFP; and Sheryl Iannuzzelli, director of relationship management and chief compliance officer.
“The ShoreHaven Team is a group of seasoned financial advisors and experts, and they are well-positioned to flourish in the independent space,” according to Shirl Penney, CEO of Dynasty Financial Partners.
“Because of the relationship between Larry and his son Mike, the team brings a particularly insightful perspective to their clients in understanding the impact of family dynamics on the management of wealth across generations,” Penney added.
ShoreHaven works with affluent multi-generational families and high net worth individuals, of which many are family-owned businesses that have their own succession and transition challenges.