Dynasty Financial Moving HQ From NYC

The new location, he adds, "will now allow us to invest more aggressively in people, resources and tools to better serve our growing client base." This includes hiring staff to work on business development, relationship management, technology, operations, client service, investments, human resources, legal and compliance work.

In addition to maintaining an office in Midtown Manhattan, Dynasty will keep client service sites in Chicago and San Francisco.

"There is a rising group of talented financial services professionals in Florida as a result of other financial firms based there," Penney explained in a statement. In its new base, the firm plans to "hire professionals from various backgrounds at various levels of the firm to integrate them into our client-first culture."

This news comes about three weeks after the firm said it is getting out of the business-to-consumer marketplace and closing its Private Wealth Management unit.

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