Dynasty Rolls Out Team to Aid $1B-Plus RIAs

The firm says that five member RIAs are now part of DEG, such as Summit Trail Advisors, which has some $5 billion in client assets. (Other Dynasty partners have over $1 billion in assets but are not yet working with the new unit.)

Friedman has been Dynasty's director of strategic relations for the past 4 1/2 years, according to his LinkedIn profile; prior to that, he worked for rival HighTower Advisors for about three years. He spent the bulk of his career, 1995 to 2008, as a branch manager for Morgan Stanley.

For his part, Ross has been with Dynasty since 2015. Earlier, he worked for BBR Partners (2012-2014) and Atlantic Trust (2010-2012) in the U.S. and Bestinvest in London (2001-2008), his LinkedIn profile states.

"In working with the industry's elite independent advisory firms, we at Dynasty have been given a glimpse into how the DNA of a RIA evolves as it approaches and surpasses the $1 billion AUM threshold," explained Dynasty COO Ed Swenson, in a statement. "We have tapped Ed and Gordon to run this specialized division because their combined experience working with some of the industry's most well-run advisory practices will enable them to provide customized services to these larger RIAs, helping them further professionalize, scale and grow their businesses."

— Check out Why It Pays to Focus on Short-Term Growth Goals on ThinkAdvisor.