What You Need to Know
- An advisor team has broken away from Merrill Lynch to launch the independent RIA firm Nilsine Partners.
- Nilsine joined the Dynasty advisor network, which has onboarded 10 firms with an average size of $470 million so far this year.
- Assets on Dynasty’s platform have grown to $64 billion.
An advisor team has broken away from Merrill Lynch, where they managed $1.75 billion in client assets, and partnered with Dynasty Financial Partners to launch the independent RIA firm Nilsine Partners in Greenwood Village, Colorado.
The Nilsine team has nine members, five of them advisors, including Teresa L. Friess, its chief compliance officer and managing director; Aaron P. Seeman, a partner and chief of philanthropic and trust services; and Joshua P. DeLoach, a partner and chief strategy officer.
So far this year, Dynasty has onboarded 10 firms with an average size of $470 million, including four standalone RIAs, and the assets on Dynasty’s platform have grown to $64 billion.
Merrill declined to comment Thursday about losing the advisor team.
Nilsine offers services including banking, lending, investments, financial planning for business owners, and multi-generational family wealth transfer for executives and retirees. The firm specializes in customized portfolio management and financial planning services including multi-generational, philanthropic and trusts, Dynasty said.