NEW YORK--(BUSINESS WIRE)--Dynasty Financial Partners announced today that industry veteran Jason Emerson will join the firm as Chief Financial Officer. Mr. Emerson joins from Convergex Execution Solutions where he was Managing Director and Chief Operating Officer. Prior to Convergex, he was Executive Vice President and Chief Financial Officer for Gain Capital (GCAP: NYSE Listed) and has over 20 years of experience in the financial services industry where he has held various management positions at firms including Knight Capital Group, Instinet and PricewaterhouseCoopers.
Dynasty Chairman Todd Thomson, who has overseen the finance team at Dynasty, said, "We are pleased to have someone of Jason’s caliber join our firm as we continue to professionalize our functions. Jason brings extensive financial and operational experience to this position as Dynasty’s growth continues to accelerate.”
Dynasty Financial Partners, the fast-growing turnkey wealth management platform for independent advisors, has added 12 new RIAs thus far in 2017.
“I am thrilled about joining a team of some of the most innovative minds in the wealth management industry and I look forward to helping navigate Dynasty’s business growth. Dynasty’s impressive partner network, leading-edge technology and emphasis on client service make them a leader in the independent wealth management space, and I am excited about contributing to the firm’s expansion,” said Mr. Emerson.
Mr. Emerson will be based in the firm’s New York office and will be responsible for helping to set and deliver financial strategy for Dynasty and deliver Dynasty’s outsourced CFO services to its partner firms in its nationwide advisory network.
Amit Grover, who had been Dynasty’s CFO from launch, will now run the Dynasty Capital Strategies business. Dynasty Capital Strategies offers both debt solutions and equity solutions to Dynasty network firms seeking capital.
Dynasty Capital Strategies Experiences Significant Growth
Dynasty has been providing loans to their advisor firm clients over the past five years to fund firm launches, acquisitions of other advisors firms, and succession plans. This past May, Dynasty announced the formation of Dynasty Capital Strategies which will now house the lending business, the new Revenue Participation Notes (RPN) business, and financial consulting for client firms on the best ways to design their capital structure, succession planning, and fund their M&A initiatives.
“Dynasty Capital Strategies has filled a void in the RIA market. We have existing RIA firms who are transitioning the firm from one generation to the next, advisors breaking away to establish new firms, and some looking to acquire other firms. And, for many advisors, their RIAs represent the majority of their wealth and creating some liquidity may be important for life events. This program enables advisors to access liquidity at these important moments in their careers from a friendly source that knows their business needs well while allowing them to maintain control of their business and not give up their valuable equity," said Mr. Grover.
"I am thrilled with the momentum we have in the business right now, and welcome Jason to Dynasty while congratulating Amit on his new role," said Dynasty President and CEO Shirl Penney. "We feel our flexible and creative liquidity options are a good example of how we continue to evolve and innovate our platform to meet the needs of our growing community of advisors."
To address continued growth and ongoing progression of the firm, Dynasty has increased its team of professionals with the addition of several senior executives. Recently, Dynasty has added Mason Salit as Director of Network Development – Eastern Division, Joe Dursi as Director of the Investment Platform, Joe Rizzo as Director of RIA Growth Strategies to support RIA M&A activity and Jamie Ralliford as Chief Compliance Officer.
Biography:
Prior to joining Dynasty, Jason Emerson was Managing Director and Chief Operating Officer for Convergex Execution Solutions. From 2013 – 2015, Mr. Emerson was Executive Vice President and Chief Financial Officer of Gain Capital Holdings. Before that, he spent 2003 – 2013 at Knight Capital Group as Managing Director and Chief Operating Officer for their Global Execution Services. Prior to the decade spent with Knight Capital Group, he worked at Instinet as Director of Operational Risk Management and Merrill Lynch as Assistant Vice President of Finance Operations. In 1996, Mr. Emerson began his financial career at PricewaterhouseCoopers as a Senior Associate for Operational and Systems Risk Management with a Bachelor’s degree in Applied Economics and Management from Cornell University.
About Dynasty Financial Partners
Dynasty Financial Partners develops, sources and integrates management capabilities for some of the industry’s leading independent investment advisor firms. Dynasty’s integrated platform services delivery chassis offers a customized, open-architecture wealth management solutions and technology platform supporting advisors as they protect and seek to grow their clients’ wealth. Dynasty’s core principle is “objectivity without compromise,” and the firm is committed to crafting solutions that allow investment advisors to act as true fiduciaries to their clients.
