Dynasty scores Credit Suisse adviser team managing $1B

Dynasty Financial Partners has scored a two-person financial adviser team from Credit Suisse Group AG that supervised $1 billion in client assets. (Don't miss any of October's Advisers on the Move.) Hal A. Lambert, who was previously a Credit Suisse director and manages a U.S. equity-income strategy, founded the independent Fort Worth, Texas-based firm Point Bridge Capital on Oct. 18. Mr. Lambert, who has also managed assets for JP Morgan Chase & Co., said he was confident the firm would be able to “provide all of the services of the large financial institutions.” “What it does do is enable me to have the ability to really control what my clients will be able to access,” he said. Jeffrey D. Wildin, who was also previously a Credit Suisse director, will focus on new client development and be based in the firm's Dallas office. The firm plans to hire additional non-adviser staff members and seek out opportunities for “tuck-ins,” or new advisers, according to Mr. Lambert. Pershing is handling the new firm's clearing and custody services. Mr. Lambert declined to provide the team's revenue. A spokesman for Credit Suisse did not immediately respond to a request for comment.