Dynasty Financial Partners Welcomes Michael Moriarty as Director of Investment Platforms


Dynasty Financial Partners Welcomes Michael Moriarty as Director of Investment Platforms

Addition of Moriarty Strengthens Dynasty's Expanding Investment Capabilities; Assets in the Dynasty/Envestnet Investment Platform Cross $2 Billion in the First Year

Announces Launch of Alternative Direct Solutions, a Sophisticated Platform for Accessing Hedge Funds in both LP and Mutual Fund Form, in Partnership with Wilshire Associates.

Announces Expansion of Dynasty Investment Committee to include Two Prominent External Members

NEW YORK--(BUSINESS WIRE)-- Dynasty Financial Partners today announced that it has hired Michael Moriarty as Director of Investment Platforms.

Mr. Moriarty will be based in New York City and has been appointed to the Dynasty Financial Partners Investment Committee. He will report to Todd Thomson, Chairman of Dynasty, in Mr. Thomson's role as interim Chief Investment Officer.

As Head of Investment Platforms, Mr. Moriarty's responsibilities include developing and expanding the firm's investment management solutions, including the Dynasty Separately Managed Account (SMA) and unified Managed Account (UMA) capabilities delivered in partnership with Callan Associates, one of the largest institutional investment consulting firms in the US, and Envestnet, a leading provider of technology-enabled wealth management solutions.

According to Mr. Thomson, "We are delighted to welcome Michael to the Dynasty team. He brings a depth of experience in investments and hedge funds to our investment platform and our Network Advisors. As we continue to expand our sophisticated, institutionally-researched investment solutions for the elite advisory firms in the Dynasty Network, Michael will be invaluable in structuring solutions, educating Network Advisors, and ensuring the platform operates seamlessly."

Ed Swenson, COO of Dynasty Financial Partners, added, "Over the course of his career, Michael has demonstrated success building and running investment solutions. The advisors in the Dynasty Network are increasingly seeking the improved risk management and lower cost of SMAs and the efficiency and scalability that comes from UMAs. We are also seeing increased demand for alternative investments. Dynasty is committed to building out our investment capabilities in partnership with the leading independent Institutional Investment research firms, and Michael has the experience and talent to help execute this strategy."

Mr. Moriarty joins Dynasty Financial Partners after 20 years of experience in financial services, primarily in building and managing businesses investing in and allocating to hedge funds. Most recently, he served as Chief Operating Officer of PioneerPath and Surveyor Capital, Citadel Asset Management hedge funds.

Prior to Citadel, he was Managing Director and Head of Hedge Fund Linked Derivatives in the Americas for J.P. Morgan, responsible for merging the Bear Stearns and J.P. Morgan businesses as well as managing the combined hedge fund portfolio. Previously, he was Senior Managing Director and Global Head of the Hedge Fund Linked Derivatives business at Bear Stearns.

Mr. Moriarty holds a Masters in Law and Diplomacy from Tufts University, with a concentration in International Finance, and a B.A. from Davidson College, where he graduated Phi Beta Kappa.

Investment Division

Dynasty's investment division continues to be one of the fastest growing in the financial services arena. Since launching Dynasty's institutionally-advised asset management programs in early 2012 in partnership with Callan Associates and Envestnet, Dynasty has seen rapid growth in its separately managed accounts (SMA), unified managed accounts (UMA), advisor as portfolio manager, strategist models, and performance reporting platforms. Total assets have crossed the $2 Billion mark in assets under advisement in these programs in just one year.

Mr. Moriarty will be leading a number of major initiatives for Dynasty to expand its investment platform. Today, Dynasty announces the first of these new initiatives: Alternative Direct Solutions (ADS). ADS provides access to LP Hedge Funds and sleeves of Hedge Funds in mutual fund structures utilizing the investment and operational expertise of Wilshire Funds Management, the global investment unit of Wilshire Associates Incorporated.

Shirl Penney, President and CEO of Dynasty said, "Dynasty has experienced tremendous growth in assets in its investment platform over the past year. With the addition of Mike, we are pleased to be launching our alternative investment access program called Alternative Direct Solutions (ADS). With Wilshire's unbiased, institutional-quality research and Dynasty's unique platform, ADS provides our Network advisors and their clients with access to one of the most sophisticated and flexible alternatives platform in the industry."

Investment Committee

In addition, Dynasty Financial Partners has enhanced their Investment Committee with the following appointments:

* Jim Brown is a Founder and Managing Partner of Long Ridge Equity Partners, a private investment firm focused on the financial services sector. Previously, he was a Managing Director of TH Lee Putnam Ventures, and a Senior Vice President in GE Capital's Equity Investment Division.

* Judah Kraushaar is Managing Partner of Roaring Brook Capital, a long-short equity fund launched in 2007. Prior to Roaring Brook, Mr. Kraushaar was the top-ranked Financial Services equity analyst for over a decade while at Merrill Lynch.

These new additions join Mike Moriarty and the following members of the Investment Committee:

* Todd Thomson Chairs Dynasty's Investment Committee. Mr. Thomson is Chairman of Dynasty, and previously served as CEO of Citigroup Wealth Management, CFO of Citigroup, CEO of Citigroup Alternative Investments, and Chair of the Citigroup Pension Investment Committee.

* Mike Brown leads Dynasty Wealth Management and is a Barron's-ranked advisor with over 30 years of investment and capital markets experience in the industry.

* Ed Swenson is COO of Dynasty Financial Partners. Prior to Dynasty, Mr. Swenson was a Portfolio Manager for the Legg Mason Partners Large Cap Growth Fund and Separately Managed Accounts.

Said Mr. Thomson, "Judah and Jim bring an extensive amount of equity, fixed income, private equity and hedge fund investing expertise to our Network Advisors and their clients. We are pleased to welcome these remarkable additions to our Investment Committee."

About Dynasty Financial Partners

Dynasty Financial Partners develops, sources and integrates the finest wealth management capabilities for the industry's leading independent investment advisor teams. Dynasty offers a customized open-architecture platform of wealth management solutions and technology to help independent advisors protect and 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. For more information, please visit www.dynastyfinancialpartners.com.

Dynasty Public Relations
Sally Cates, 212-373-1000

KEYWORDS: United States North America New York


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