In the latest news of Dynasty Financial Partners' growing network of independent advisors, noted wealth manager Larry King announced Monday that he is leaving Morgan Stanley Smith Barney to go independent on the Dynasty platform.
By joining Dynasty, King, a provider of wealth management services in Saratoga Springs, N.Y., for 22 years, will now use a platform that integrates the proprietary research of Callan Associates with Envestnet's tools and technology.
King's announcement reflects the growing trend of high-profile investment advisors who break away from traditional wirehouse brokerages to join a network of independent registered investment advisors. With this move, King and his team form a new company called King Wealth Management Group and become the ninth advisor business to use the Dynasty platform.
"Our partnership with Dynasty Financial Partners provides our firm with the highest quality infrastructure, research and advisory services," said King in a statement. "But no one owns us. Being fully independent gives us the autonomy, objectivity and flexibility to always act in our clients' best interest."
