Billion-dollar Goldman Sachs adviser team moves to Dynasty

DG Wealth Partners in W. Palm Beach, Fla., previously managed $1 billion in assets.
JUN 06, 2017

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)

Latest News

Retiree alleges advisor withheld $600K through real estate LLC web
Retiree alleges advisor withheld $600K through real estate LLC web

$1.7M invested from an inheritance. Then the phone went dead.

SEC accuses Linqto chiefs of 'Wizard of Oz' investor deception
SEC accuses Linqto chiefs of 'Wizard of Oz' investor deception

The pre-IPO platform sold $430M in units while allegedly rigging prices behind the scenes.

GLP-1 users are trading retirement savings for their prescriptions
GLP-1 users are trading retirement savings for their prescriptions

A Nationwide survey finds 47% of GLP-1 users have never discussed the drugs’ financial impact with an advisor, even as many dip into savings.

Inspired Healthcare sale price of properties is 59% of $1.2 billion sold by advisors
Inspired Healthcare sale price of properties is 59% of $1.2 billion sold by advisors

The hundreds of millions of dollars from a sale of Inspired Healthcare properties does not mean an immediate windfall for investors.

Class action alleges Webull misled investors about China operations
Class action alleges Webull misled investors about China operations

Its SEC filings said one thing - a congressional probe said another.

SPONSORED Built on insurance experience to deliver on long-term promises

Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.

SPONSORED In the Age of AI, Trust Becomes the Advisor's Greatest Asset

As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor