Dynasty Financial Partners on Thursday announced the addition of four executives from firms including UBS and TD Ameritrade that it said are part of its rapid expansion in Florida over the past year.
Dynasty has hired nine new employees overall so far in 2021, including the four new executives.
In October, Dynasty announced it would close its New York office as it moved to combine operations in St. Petersburg, Florida.
The executive additions include: Tony Biancarosa as senior vice president, relationship management, who was a director at UBS in Tampa and was with that company since 2013; and Jared Pestcoe as vice president, network development, Central Region, who had been at TD Ameritrade Institutional as a senior sales specialist in Texas and was with that firm since 2019.
The other two new executive additions are Chris Marsh, formerly of Evercore, as vice president of Dynasty Capital Strategies and M&A; and Fei Xue, formerly of CNL Financial Group, as vice president, relationship management.
"If you want to build a Dynasty, you need to continually upgrade your talent," according to Mason Salit, chief talent officer of Dynasty Financial Partners. "We continue to add new talent to Dynasty and welcome diverse perspectives," he said in the announcement.
"The industry's movement toward independence is accelerating unabated," according to Shirl Penney, CEO of Dynasty Financial Partners.
"Dynasty continues to evolve rapidly with new people, partnerships, technologies, and client solutions all designed with the advisor and end-client experience in mind," he said in a statement. "We have the most comprehensive offering for independent advisors in the space and have recently expanded our professional team in anticipation of our continued growth."
The firm expects to hire a minimum of 20 additional professionals in its St. Petersburg, Florida headquarters in 2021, the company said.
