Minnesota team with $ 875 million in assets under management partners with Dynasty
A Minnesota-based team with $ 875 million in assets under management will join Dynasty Financial Partners’ independent network. Bryan Sweet, Ty Totzke, Oliver Kollofski and Brittany Anderson of Sweet Financial Partners have left Raymond James for Dynasty.
The business started as a one-man operation in 1979, and now has six consultants and 15 employees in total, with offices in Fairmont and Jackson, Minn. According to Sweet, founder and CEO of the team, the team intends to âredefineâ holistic wealth management.
âTo do this, we knew it was time to expand our opportunities in the way we serve our customers and future customers through better technology, integrations and a cutting edge approach,â he said. “This has become even more important as we rapidly approach becoming a billion dollar asset under management company.”
The firm has clients in 28 states and five countries, and focuses on working with women amidst life transitions, including widowhood, divorce or claiming an inheritance. He also works with business owners selling their businesses and tax strategies for retirees. The company is looking to accelerate its technology integrations to increase its global reach and selected Dynasty after six months of due diligence.
According to Anderson, partner and team president, Sweet has “exceptionally” high hiring standards, and Dynasty provides the team with efficiency that will help them double their bottom line without doubling their team as well.
âWe want to be able to reward them in building, while also opening up capabilities at the same time,â she said.
Sweet Financial’s decision to join Dynasty is the latest partnership announced by the network in recent months; beginning of October, a team of three advisors based in Colorado Springs, Colorado. with approximately $ 300 million in assets under management left Northwestern Mutual to join Dynasty and create Intergy Private Wealth. A few weeks earlier, also in Colorado, a team of advisers has left Merrill Lynch to form Nilsine Partners with the help of Dynasty. The group managed around $ 1.75 billion in total client assets and said the pandemic accelerated their independence.
Dynasty CEO Shirl Penney said the company is “excited” to welcome Sweet Financial and looks forward to helping the company drive its growth.
âHaving access to sophisticated technological solutions is a growing desire for advisors and Dynasty is well positioned to deliver this opportunity with a true independent model,â he said.