Dynasty Financial Partners Promotes Senior Industry Leader, John Sullivan, to Lead Business Development
St. Petersburg, Florida – November 10, 2020. Dynasty Financial Partners today announced that it has promoted John Sullivan to Head of Network Development. Mr. Sullivan joined Dynasty eight years ago as Senior Vice President, RIA & Transition Services. In his new role, Mr. Sullivan will lead the Network Development team and will build on the firm’s success as a leading wealth management platform for independent advisors. He will report directly to Dynasty Financial Partners’ President & CEO Shirl Penney.
“Having worked with John for over two decades between our time together at Citi/Smith Barney and Dynasty, I’m thrilled to have John moving into this expanded role at Dynasty. John is a natural leader who puts the team first, cares deeply about clients, and is a fantastic partner when working with others in the advisor ecosystem,” said Shirl Penney, President and CEO of Dynasty Financial Partners. “If you want to build a Dynasty, you need a strong farm system for talent. While we continue to add new talent to Dynasty and excitedly welcome new perspectives, I’m also particularly proud of the growth and development of our team and the homegrown talent that Dynasty has nurtured over the past ten years,” added Penney.
With a total of 50 advisory firms in its Network and $50 Billion in assets on its platform, Dynasty has seen a rapid expansion of its business in the last year. Mr. Sullivan added, “The industry’s movement toward independence is accelerating unabated. Whether an advisor wants to go independent, run a better RIA, join an RIA, affiliate with a 1099 model, sell their firm, or buy a firm, Dynasty can help! Today’s advisors – at all levels of assets and production – want to be independent, but not alone. They want an experienced growth partner. Dynasty continues to evolve rapidly with new people, partnerships, technologies, and client solutions all designed with the advisor and end-client experience in mind. We have the most comprehensive offering for independent advisors in the space and have recently expanded our network development team in anticipation of our continued growth. I am excited to take on this role and honored to be working with this talented team.”
Prior to joining Dynasty in 2012, Mr. Sullivan spent over twenty years at Morgan Stanley Smith Barney/Citigroup serving in numerous high net worth wealth management roles. Mr. Sullivan is a graduate of the University of Maryland, and holds Series 7, 24, 63 and 65 licenses with FINRA.
About Dynasty Financial Partners
Dynasty Financial Partners is known for assisting advisors of integrity to better service their clients, run their businesses more profitably, grow faster, and enhance the enterprise value of their firms. Dynasty does this by providing wealth management and technology platforms for select independent financial advisory firms. Dynasty creates access to valuable resources and industry-leading capabilities through an open-architecture platform, enabling advisors to address their clients’ needs and to protect and grow their wealth. Dynasty supports independent advisors and their teams in being independent, but not alone, by creating exclusive community events and experiences. Dynasty also offers access to flexible capital solutions to help advisors expand, scale, and grow their business, as well as provides M&A support to firms looking to grow inorganically or to plan for succession. Dynasty’s core principle is “objectivity without compromise,” and the firm is committed to developing solutions that allow investment advisors to act as true fiduciaries to their clients. Dynasty has a leading network of RIAs who leverage its integrated platform and Dynasty’s growing Enterprise Group supports larger institutional clients who often have numerous advisors in multiple cities by delivering Dynasty’s platform at the home office and firm level. Dynasty has helped to level the playing field for advisors and firms looking to deliver Private Wealth Management capabilities to their UHNW clients vs many of the larger Wall Street firms in providing a robust suite of capabilities, products, and services, which when combined with Dynasty’s support offers independent advisors the ability to compete at the highest levels of wealth management client opportunities.
For more information, please visit www.dynastyfinancialpartners.
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