Nordwand Capital, a multifamily office within the Dynasty Financial Partners network, has hired industry veteran Patrick McGinnis Jr. as managing director and financial advisor, expanding the firm’s investment management and estate planning services as it seeks to deepen relationships with high-net-worth clients.
The $4 billion wealth firm based in Radnor, Pennsylvania brought on McGinnis to support its growth strategy and broaden its reach into more complex client segments. He will collaborate with Nordwand’s advisory and investment teams to deliver tailored solutions across multigenerational planning and portfolio construction.
McGinnis joins Nordwand following a tenure at Fiduciary Trust, where he managed $300 million in client assets. His work there focused on equity portfolio management and estate strategies for wealthy families.
McGinnis worked as managing director at Fiduciary Trust for five years, according to his LinkedIn profile. Prior to that, he was senior vice president at Pennsylvania Trust, also for five years.
"Pat’s experience in equity investing and multigenerational planning aligns perfectly with Nordwand’s client-first mission," Jim Martin, chief executive of Nordwand Capital, said in a statement on Tuesday.
Before his fateful decision to launch Nordwand Capital in 2022, Martin had spent almost four decades in the wirehouse channel, spending the last six years at Morgan Stanley.
At the time, David Devoe, founder of the eponymous advisor consultancy firm Devoe & Co., said Martin's move to the RIA space – which involved taking a roughly $5 billion book of business independent – was the largest breakaway he'd seen in several years.
"Multifamily office and ultra-high-net-worth service can be a bit complicated, and historically you had to choose between offering your clients a wide breadth of services and having lower profitability or offering fewer services and having higher profitability," DeVoe said then, commenting on the broader backdrop of white-glove wealth practices.
Ted Brooks, chief investment strategist at Nordwand Capital, highlighted the fit between his firm's culture and "[McGinnis'] mentality and independence in seeking the best solution for his clients."
The hire marks the latest step in Nordwand’s efforts to strengthen its in-house capabilities for families with sophisticated investment and estate needs. With McGinnis on board, the firm now has five senior advisors among its 10-person staff.
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