Billion-dollar Goldman Sachs adviser team moves to Dynasty

DG Wealth Partners in W. Palm Beach, Fla., previously managed $1 billion in assets.

A two-person team who managed $1 billion in assets at Goldman Sachs Private Wealth Management in West Palm Beach, Fla., have left the firm to form their own RIA.

David Darby and Melissa Gray have formed DG Wealth Partners, which has affiliated with Dynasty Financial Partners.

(More: Dynasty Financial lures breakaways with new financing deal)

Mr. Darby joined Goldman Sachs in 1996. Ms. Gray joined Goldman Sachs in 2008, moved to Morgan Stanley for a year in 2010 and rejoined Goldman Sachs that year.

Mr. Darby said that DG Wealth Partners will provide family-office services and focus on entrepreneurs, senior executives and families with complex financial portfolios.

(More: See all the latest moves in the Advisers on the Move database)